‘Moonrise’ Initiative Signals Next Phase in Evolution for New-Look Moonbeam Network in Polkadot Ecosytem

(Press Release – Singapore, Singapore, June 5, 2024)

Our ambitious 2024 roadmap includes 8x improved throughput, zkAuth for Web2 ID, and major grants

Moonbeam Network, an intelligent contracting platform for building cross-chain applications, announced the “Moonrise” initiative anchored on its 2024 product roadmap which includes introducing parallel processing to improve throughput by 8x, modernize ecosystem integration, and improve developer and user experience. And more. Moonrise marks the next stage of evolution for the Moonbeam network and the Canary Moonriver network, integrating Axelar bridging technology.

More than two years after launching its mainnet in January 2022, Moonbeam is well established as the leading solution for integrating networks such as Polkadot, Ethereum, and the broader EVM ecosystems. The 2024 roadmap demonstrates Moonbeam's dedication to continually improving its cutting-edge performance and experience for developers and users.

The Moonrise initiative is reflected in the overall brand redesign of Moonbeam's look, highlighting how Moonbeam is more than just a series. It's a hub for developers, Web3 enthusiasts, interoperability supporters, and more.

“We are very excited to unveil the new look for Moonbeam in conjunction 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, COO of Moonbeam Foundation. “As our community of passionate supporters knows, Moonbeam is a modern blockchain with features for developers and users that are still just a dream for other networks still in the testnet phase.”

A key element of the 2024 roadmap is enhancing the underlying protocol by introducing asynchronous support, a form of parallel processing that would quadruple block space and halve block times to 6 seconds, resulting in an 8x increase in throughput. Overall for Moonbeam.

Further improvements include ensuring compatibility and seamless interoperability with Ethereum's gas-efficient Dencun upgrade, substantial UX upgrades for Moonbeam Routed Liquidity, and improvements to governance mechanisms.

Other highlights include:

• Ecosystem integration: Glacis integration for trusted cross-chain transactions, Tanssi integration for application chain deployment, Moonriver activation using Axelar's Amplifier delivery software and v3 AMM liquidity software.
• Developer tools: Governance paths for decentralized applications, support for EIP-4337 account abstraction, and expanded tooling integration for easy development, deployment, and debugging/monitoring.
• User experience: Zero-Knowledge Initiative (zkAuth) for Web2 authentication, token incentive updates, and simplified stablecoin flows.

Implementation of the series of initiatives will begin immediately and will continue to be rolled out during the third and fourth quarters of 2024 and into 2025.

To view Moonbeam's new website and to follow the network's upcoming developments, see: https://moonbeam.network.

About Moonbeam Network

Moonbeam It is a smart contract platform for building cross-chain applications that can access users, assets, and services on any chain. By unifying functionality from Ethereum, Cosmos, Polkadot, and more into a single platform, Moonbeam solves today's fragmented user experience – unlocking true interoperability and paving the way for the next generation of 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, broad tooling support, and modern substrate architecture, creates an ideal development environment for building connected applications.

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