Polkadot (DOT) wants to connect the different blockchains. Some of the projects that make up its ecosystem had a good year in 2020. The Robonomics Web Services (RWS) token is the first crypto token to have traded for more than 100,000 USD.
The Moonbeam project wants to create a bridge between Ethereum (ETH) and Polkadot: "The future is Multi-Chain".
A chain between Ethereum and Polkadot
The Moonbeam project aims to allow Ethereum developers to be at ease on Polkadot
This project aims to set up a parallel chain that emulates the environment of the Ethereum Virtual Machine (EVM).
Blockchain interoperability generally requires the installation of a complete blockchain to host decentralized applications.
The Polkadot Substrate protocol aims to simplify this process since not all Dapps need such a level of control over their environment.
The Moonbeam team says that with this project, Ethereum developers will not have to make major changes to their code.
They will also be able to continue using tools such as Truffle or Metamask. Integration with Polkadot also facilitates interoperability with the rest of the ecosystem.
3 players in the race for Dapp scalability
Moonbeam's developers describe it as an affordable smart contracting platform with a strong governance chain, a requirement often emphasized by Polkadot's founders as indispensable.
Moonbeam will be interoperable with Bitcoin (BTC) and Ethereum, thanks to bridge building by other developers.
Nevertheless, competition is tough in the field of Dapp scalability. While DeFi contributed to Ethereum's domination in smart contract management, the limits of the blockchain became apparent in the summer of 2020.
Moonbeam and Polkadot are among the many players seeking to take advantage of this situation by developing alternative platforms.
Moonbeam's launch date has not yet been announced as it depends on Polkadot's Parachain auction. Some expect a launch in the first quarter of 2021.
A "moonbeam" to encourage communication between major blockchains: will the cryptosphere follow a movement from a multiplication of blockchains to a merging of the one into one, with a major blockchain such as Bitcoin as the main skeleton of this type of new crypto ecosystem? Moonbeam wants to create an Ethereum-compatible environment on Polkadot: enough to brilliantly meet the challenge of the next DeFi explosion?
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