Moonbeam’s Nascent Momentum Reshapes The Polkadot Smart Contract Landscape

GLMR could be a top contender in 2022 if Moonbeam’s planned interoperability with the Ethereum Network is a hit with investors and developers. Cross-chain compatibility with the Ethereum (ETH) network has become a necessary component for any layer-one protocol looking to remain relevant because a majority of projects and funds locked in smart contracts are found on the top-ranked smart contract platform. After years of development and promises of interoperability, the Polkadot network moved toward its first Ethereum virtual machine (EVM) compatible smart contract protocol with the launch....

Examine how Polkadot's ecosystem and Substrate platform can be compared to Ethereum’s upcoming upgrade as the race toward Web3 gathers momentum. For most casual digital asset investors, the Ethereum 2.0 upgrade promises to be a game-changing event that will improve efficiency, reduce network costs and propel the entire blockchain and crypto space closer to a Web3 reality.Ethereum has been struggling with a lack of scalability and skyrocketing gas fees, and since it serves as the largest smart contract and DApp development platform, the move to a more reliable and scalable proof-of-stake....

As a blockchain project capable of bridging the gap between Etheruem and Polkadot, Moonbeam quickly gathers attention from enthusiasts. Tackling cross-chain interoperability poses many challenges that need to be resolved. With over 80K KSM contributed in only a week, the project’s Crowdloan initiative is well worth keeping an eye on. Moonbeam Keeps Pushing Forward As […]

MXC Foundation, a Berlin-based startup creating the data transmission infrastructure for tomorrow’s cities, is to launch a Polkadot parachain. In 2021, the project’s efforts to support IoT and smart urban design will receive a boost when its parachain launches, connecting MXC to the world’s leading smart contract blockchain for interoperability. Once MXC has integrated with […]

The upcoming Polkadot DeFi hub raised nearly $1.3 billion from approximately 25,000 contributors in its token ICO. On Thursday morning, Acala, a decentralized finance (DeFi) protocol operating on the Polkadot (DOT) network, announced it had won the first-ever Polkadot parachain auction. Acala raised a total of 32.5 million DOT, worth roughly $1.28 billion, from 24,934 contributors via an initial coin offering (ICO) structured as a crowdloan. As the proceeds are classified as 'crypto debt,' Acala would eventually need to pay back the DOT it had solicited from investors. Users' DOT are....