The 'Moonrise' project signifies a significant turning point in the development of the newly restructured Moonbeam network situated in the Polkadot landscape.

From Singapore, June 5, 2024, reported by Chainwire

The roadmap for 2024 outlines ambitious plans that feature an eightfold enhancement in processing capabilities, the introduction of zkAuth for Web2 identity management, and significant grant allocations.

Moonbeam Network As a platform designed for creating interconnected applications across various chains, Moonbeam has launched the 'Moonrise' initiative, highlighted by a 2024 product roadmap that aims to implement parallel processing to boost throughput significantly, enhance ecosystem cohesion, upgrade user and developer experiences, among other advancements. This initiative represents a new chapter in the evolution of Moonbeam and its sister network Moonriver, which is leveraging Axelar bridging technology.

Since its mainnet debut in January 2022, Moonbeam has emerged as a premier solution for integrating various networks, including Polkadot, Ethereum, and the extensive EVM ecosystem. The 2024 roadmap illustrates Moonbeam's commitment to continually advancing its high-performance capabilities and enhancing the experiences for both developers and users.

The Moonrise initiative is accompanied by a thorough rebranding of Moonbeam’s image, which emphasizes its role as more than just a blockchain. It serves as a central hub for developers, enthusiasts of Web3, supporters of interoperability, and beyond.

“We are thrilled to unveil the refreshed look of Moonbeam alongside our ambitious plans for this year. We are rolling out enhancements, upgrades, and a host of announcements for both the Moonbeam and Moonriver networks,” stated Aaron Evans, Head of Operations at Moonbeam Foundation . “As our vibrant community of supporters is aware, Moonbeam is an innovative blockchain featuring capabilities that are still aspirations for many networks that have yet to advance beyond the testnet stage.”

A key aspect of the 2024 roadmap includes bolstering the core protocol via asynchronous backing, a method of parallel processing designed to quadruple available block space and reduce block times to six seconds, facilitating an eightfold rise in total throughput for Moonbeam.

Additional enhancements will focus on ensuring harmony and seamless interoperability with Ethereum’s efficiency-improving Dencun upgrade, significant improvements to the user experience for Moonbeam Routed Liquidity, and a revamping of governance structures.

Other highlights include:

• Ecosystem Integration : The project includes Glacis integration for dependable cross-chain transactions, Tanssi integration for appchain deployments, rejuvenating Moonriver with Axelar’s Amplifier program to facilitate bridging, along with a new v3 AMM liquidity initiative.
• Developer Resources : Initiatives for governance tracking for dApps, backing for EIP-4337 Account Abstraction, and expanded tooling support to simplify development, deployment, and monitoring/debugging processes.
• User Interaction : The Zero Knowledge Initiative (zkAuth) will streamline Web2 authentication processes, alongside updates to tokenomics incentives and simplified pathways for stablecoin transactions.

These initiatives are set to commence immediately and will continue rolling out throughout the third and fourth quarters of 2024, extending into 2025.

For those interested in exploring Moonbeam’s new online presence and keeping tabs on the forthcoming advancements, please check: https://moonbeam.network .

About Moonbeam Network

Moonbeam This platform serves as a smart contract protocol for constructing connected applications that reach users, assets, and services across various chains. By merging functionalities from Ethereum, Cosmos, Polkadot, and more into a single framework, Moonbeam addresses the disjointed user experiences present today—unlocking genuine interoperability and paving a path toward the next generation of applications. The Moonbeam platform incorporates integrated cross-chain messaging, allowing developers to create smart contracts that utilize services across numerous remote blockchains. This strategy, combined with Moonbeam’s EVM-friendly platform, extensive tooling support, and modern Substrate architecture, cultivates an ideal environment for developing interconnected applications.

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