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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    Snutx Invests in the Future: Launching $200 Million Fund to Foster Cryptocurrency Technology Development

    2024-10-03T11:16:09Z

    NEW YORK, Oct. 03, 2024 (GLOBE NEWSWIRE) -- Snutx Venture Capital, the venture capital arm of Snutx Cryptocurrency Exchange, has launched a $200 million funding program targeting core technologies poised to transform the traditional financial sector. This initiative focuses on the cryptocurrency trading market, payment system technologies, and innovative AI startups integrating cryptocurrency and blockchain.

    This substantial investment reflects Snutx's strong confidence in and commitment to the future of financial technology development. By identifying and supporting innovative projects, Snutx aims to catalyze technological revolutions that will accelerate the widespread adoption of cryptocurrency and blockchain technologies. These technologies are increasingly becoming integral to global payment systems and the evolving structures of financial markets.

    Snutx Venture Capital’s investment strategy is centered on discovering and funding enterprises capable of disrupting traditional financial models through technological innovation. Cryptocurrency and blockchain technologies hold tremendous potential for enhancing transaction efficiency, reducing costs, and improving security within the financial system. By investing in these startups, Snutx not only fosters technological advancement but also creates new growth opportunities for its own business and reinforces its market leadership.

    Collaborating with these startups positions Snutx at the forefront of technological innovation and allows it to capitalize on opportunities in emerging markets. This strategic approach not only strengthens the platform's market position but also enhances its competitiveness in the rapidly evolving global fintech landscape.

    Particularly in the field of artificial intelligence, Snutx Venture Capital is keen on solutions that optimize cryptocurrency trading and management processes. These technological integrations aim to provide users with a faster, smarter, and safer service experience, which is crucial in today’s fast-paced digital economy. Investing in transformative technologies aligns with Snutx’s long-term strategic goals and propels significant industrial development.

    These investment activities enhance Snutx's competitiveness in technology innovation and financial services while contributing positively to the long-term growth of the cryptocurrency market. Through this funding initiative, Snutx deepens its market impact and sets new benchmarks for future trends. By investing in cutting-edge cryptocurrency technologies and promising AI startups, Snutx reinforces its capability to deliver a safer, more advanced trading experience. As the market continues to evolve and technology advances, Snutx is poised to maintain its significant influence in the global cryptocurrency and fintech sectors, driving forward innovation and growth.

    CONTACT: Media Contact
Felix Bauer: [email protected]

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