Blockchain

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

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    Singapore, Singapore, June 5th, 2024, Chainwire

    Ambitious 2024 Roadmap Includes 8x Improved Throughput, zkAuth for Web2 ID, Major Grants

    Moonbeam Network, a smart contract platform for building cross-chain connected applications, announced the ‘Moonrise’ initiative anchored by a 2024 Product Roadmap that includes the introduction of parallel processing to improve throughput by 8 times, upgrading ecosystem integration, improving the developer and user experience, and more. Moonrise signals the next phase in evolution for Moonbeam and canary network Moonriver, which is incorporating Axelar bridging technology.

    More than two years since its mainnet launch 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 a comprehensive rebrand of Moonbeam’s look, underscoring how Moonbeam is more than a chain. It’s a hub for developers, Web3 enthusiasts, interoperability supporters and more.

    “We’re beyond excited to reveal Moonbeam’s new look in conjunction with our ambitious plans for 2024. This year we are implementing improvements, upgrades and announcements to all facets of the Moonbeam and Moonriver networks,” said Aaron Evans, Head of Operations at Moonbeam Foundation. “As our passionate community of supporters knows, Moonbeam is a modern blockchain with features for developers and users that are still just a dream for other networks that remain in testnet phase.”

    A lynchpin of the 2024 Roadmap is enhancing the core protocol with the introduction of asynchronous backing, a form of parallel processing that will quadruple block space and halve block times to 6 seconds, resulting in an 8x increase in overall throughput for Moonbeam.

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

    Other highlights include:

    • Ecosystem Integration: Glacis integration for reliable cross-chain transactions, Tanssi integration for appchain deployments, revitalized Moonriver with Axelar’s Amplifier program for bridging and a v3 AMM liquidity program.
    • Developer Tools: Governance tracks for dApps, support for EIP-4337 Account Abstraction, expanded tooling integration for ease of development, deployment, and debugging/monitoring.
    • User Experience: Zero Knowledge Initiative (zkAuth) for Web2 authentication, tokenomics incentive updates, and streamlined stablecoin flows.

    The series of initiatives will begin rolling out immediately and will continue to be deployed through Q3 and Q4 of 2024, and into 2025.

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

    About Moonbeam Network

    Moonbeam is a smart contract platform for building cross-chain connected applications that can access users, assets, and services on any chain. By uniting 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 many remote blockchains. This approach, plus Moonbeam’s developer-friendly EVM platform, vast tool support, and modern Substrate architecture, creates the ideal development environment for building connected applications.

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    Contact

    Patrick Brendel
    SCRIB3
    [email protected]

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    Bybit Bolsters Compliance with Appointment of New Chief Legal & Compliance Officer

    2024-09-30T13:18:52Z

    DUBAI, United Arab Emirates, Sept. 30, 2024 (GLOBE NEWSWIRE) -- Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is pleased to announce the appointment of Robert MacDonald as the new Chief Legal & Compliance Officer. With a distinguished career spanning both the public sector and traditional finance, Robert brings a wealth of expertise in regulatory compliance and combating financial crime, reinforcing Bybit’s commitment to legal integrity, principled compliance, and robust governance.

    Robert’s leadership will be instrumental in paving a sustainable and responsible path for Bybit’s continued growth. He began his career practicing criminal law as a barrister in London, specializing in the field of financial crime, before serving the U.K. Ministry of Justice. Over the next decade, Robert embarked on a cross-continental journey mostly in traditional finance and banking, working for global institutions including one of the world’s largest asset managers, South Korea’s most popular eCommerce company, and crypto exchange Binance. 

    In his new role, Robert will oversee a joint legal and compliance team in navigating the rapidly evolving regulatory landscape. The team is comprised of a dedicated taskforce of legal counsels who cover a wide array of global legal issues and topical research, as well as a versatile compliance function including: a regulatory compliance function looking after licensing and registrations matters across jurisdictions and adherence to local requirements; a global compliance team of Money Laundering Reporting Officers; and specialists in compliance operations focusing on a safe and responsible client onboarding process including rigorous compliance controls throughout the user lifecycle.

    “Bybit’s vision is to build a company that stands the test of time—lasting a hundred years or more,” said Helen Liu, Chief Operating Officer at Bybit. “A strong foundation begins with a culture of compliance and a dedication to doing things the right way. We’re thrilled to have Robert on board, as his decade of experience and keen insight into evolving regulatory trends will be invaluable to our continued growth and long-term success,” she added.

    Robert said he sees inconsistencies in regulatory frameworks across jurisdictions as the key challenge to the industry. “There is a lack of uniformity in how cryptocurrencies are classified and regulated, which creates uncertainty for businesses and investors. Additionally, many governments are grappling with issues related to consumer protection, money laundering, and taxation,” said Robert MacDonald, Chief Legal & Compliance Officer at Bybit.“ The focus on stabilizing and regulating stablecoins and ensuring compliance with anti-money laundering (AML) and know-your-customer (KYC) regulations are also pressing challenges. These issues give legitimate crypto exchanges with the technical know-how and right culture an opportunity to change the digital asset industry for the better. For regulators, the evolving nature of the technology and the fast-paced growth of the crypto market is a pain point, and many acknowledge a growing demand for more comprehensive regulations and clearer guidelines,” he continued.

    Undeterred by the challenges, Robert said Bybit’s invitation presented him an opportunity to make a difference in the industry. “I am thrilled to join Bybit at this exciting time, this role brings together my legal, compliance and previous crypto experiences. Bybit is on an incredible growth trajectory, and doing this in a sustainable manner by ensuring we build a world-class legal and compliance function with adherence to local regulations is key.”

    #Bybit / #TheCryptoArk

    About Bybit

    Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.

    For more details about Bybit, readers can please visit Bybit Press 

    For media inquiries, readers can please contact: [email protected]

    For more information, readers can please visit: https://www.bybit.com

    For updates, readers can please follow: Bybit's Communities and Social Media

    Contact

    Head of PR
    Tony Au
    Bybit
    [email protected]


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