The ‘Moonrise’ initiative signals the next step in the evolution of the Moonbeam Network, a new look for the Polkadot ecosystem.

adminJune 5, 2024

Singapore, Singapore, June 5, 2024, Chainwire

The ambitious 2024 roadmap includes 8x improved throughput, zkAuth for Web2 Identity, and major grants.

Moonbeam Network, a smart contract platform for building cross-chain connected applications, announced its ‘Moonrise’ initiative based on a 2024 product roadmap that includes introducing parallel processing to improve throughput by 8x, ecosystem integration upgrades, and developer and user improvements. Experience, etc. Moonrise represents the next step in the evolution of Moonbeam and the canary network Moonriver, incorporating Axelar bridging technology.

Over two years since its mainnet launch in January 2022, Moonbeam has firmly established itself as the leading solution for integrating networks such as Polkadot, Ethereum, and the broader EVM ecosystem. The 2024 roadmap demonstrates Moonbeam’s commitment to continually improving cutting-edge performance and experiences for developers and users.

The Moonrise initiative is reflected in a comprehensive rebranding of Moonbeam’s exterior, emphasizing that Moonbeam is more than a chain. A hub for developers, Web3 enthusiasts, interoperability advocates, and more.

“We are very excited to unveil the new face of Moonbeam along with our ambitious plans for 2024. This year, we are implementing improvements, upgrades and announcements to all aspects of the Moonbeam and Moonriver networks,” he said. . Aaron Evans, Director of Operations, Moonbeam Foundation. “As our passionate community of supporters knows, Moonbeam is a modern blockchain with features for developers and users that are only a dream for other networks that remain in the testnet phase.”

A key part of the 2024 roadmap is strengthening the core protocol by quadrupling the block space and halving the block time to 6 seconds, introducing asynchronous support, a form of parallel processing that increases Moonbeam’s overall throughput by 8x.

Further improvements include ensuring compatibility and seamless interoperability with Ethereum’s gas-saving Dencun upgrade, a substantial upgrade of the UX for Moonbeam Routed Liquidity, and improvements to governance mechanisms.

Other highlights include:

Ecosystem integration: Enabled Moonriver with Glacis integration for stable cross-chain transactions, Tanssi integration for app chain deployment, Axelar’s Amplifier program for bridging, and the v3 AMM liquidity program.
developer tools: Governance track for dApps, support for EIP-4337 account abstraction, and expanded tool integration for easy development, deployment, and debugging/monitoring.
user experience: Zero Knowledge Initiative (zkAuth) for Web2 authentication, token economics incentive updates, and streamlined stablecoin flows.

A series of initiatives will begin rolling out immediately and will continue to be deployed through the third and fourth quarters of 2024 and into 2025.

To check out Moonbeam’s new website and follow the network’s future developments, visit https://moonbeam.network.

Introduction to Moonbeam Network

Moonbeam is a smart contract platform for building cross-chain connected applications that can access users, assets, and services from any chain. Moonbeam solves today’s fragmented user experiences by integrating the capabilities of Ethereum, Cosmos, Polkadot, and more into a single platform, enabling true interoperability and paving the way for next-generation applications. The Moonbeam platform uses integrated cross-chain messaging to allow developers to create smart contracts that access services across multiple remote blockchains. This approach, combined with Moonbeam’s developer-friendly EVM platform, extensive tool support, and modern Substrate architecture, creates an ideal development environment for building connected applications.

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