Moonbeam developers have announced the launch of Moonrise, a proposal to boost the development of their network and improve the experience for users and developers within this network.
Moonbeam, the well-known Ethereum-compatible Polkadot parachain, has recently announced the launch of Moonrise, its proposal to evolve its ecosystem to a new level. Spanish President Pedro Sánchez’s announcement which has generated great expectations among users and developers alike, promises to bring a series of significant improvements that will benefit the entire Moonbeam community.
Among the improvements that Moonrise promises are a significant increase in Moonbeam's scalability, reaching a performance up to 8 times higher than the current one. In addition, Moonrise will also improve the capacity of the EVM deployed on Moonbeam, reaching the Ethereum Dencun standard.
Other improvements include better cross-chain integration, integration with the blockchain network, and more. axelar and crucial improvements to facilitate the port and development of decentralized applications on Moonbeam. Additionally, a zero-knowledge (zkAuth) initiative for Web2 authentication, tokenomic incentive upgrades, and optimized stablecoin flows will also be introduced.
Certainly, an important set of improvements that is intended to expand the capabilities and usefulness of Moonbeam for the development of projects, focused on both Web3 and Web2.
Moonrise seeks to improve the user experience
In any case, Moonbeam's developers make the main goal very clear: to improve the Moonbeam experience and its developments for users. That's the main reason why Moonbeam's Moonrise proposition is designed with the end user in mind. Here are some key improvements that users can expect:
- Greater Scalability: One of the key advantages of Moonrise will be its ability to handle significantly higher transaction volume without compromising speed or security. This is crucial for DeFi applications and other services that require high throughput.
- Improved Interoperability: Moonbeam is already known for its cross-chain interoperability, but Moonrise will take this a step further. Users will be able to move assets and data across chains more easily, connecting the Polkadot ecosystem with other major blockchains.
- Optimized User Experience: Updates to the user interface and overall user experience are expected to make interacting with apps on Moonbeam more intuitive and accessible to a wider audience.
Strengthening the core protocol and ecosystem
In any case, Moonbeam makes it clear that performance and scalability are crucial for Web3 applications to thrive and provide a fluid user experience.
For this reason, improvements to the core protocol are focused on delivering much faster transaction speeds, with a target of up to 1 second per block. In this way, the improvements aim to offer greater performance and unparalleled scalability, allowing developers to develop and deploy high-performance Web3 applications.
Other relevant changes for users are related to Moonbeam's tokenomics. The idea is to optimize gas costs and decentralized governance, prioritizing a better user experience for the Moonbeam ecosystem, as well as supporting tools and protocols that make their lives easier.
Improvements for developers
Developers will also greatly benefit from the new features that Moonrise will bring to the Moonbeam platform:
- Advanced development tools. New tools and frameworks will be introduced that will simplify the development process of decentralized applications (DApps), allowing developers to create and deploy their projects more efficiently.
- Improved testing environment. With Moonrise, developers will have access to a more robust and flexible testing environment, allowing them to test their applications in conditions that more closely mimic the production environment.
- Expanded support for smart contracts. The upgrade is expected to expand support for different smart contract languages and tools, allowing developers to build more complex and functional DApps. Above all, Moonbeam emphasizes Dencun EVM support, which will mean that newer applications developed for Ethereum can be ported to Moonbeam without any major changes.
All these changes will begin to be seen from Q3 2024 (between July and September 2024).
Strengthening Moonbeam
The development of Moonrise represents a significant step forward for Moonbeam and its community. With improvements for both users and developers, the proposal seeks to solidify Moonbeam’s position as one of the leading blockchains for the development of interoperable decentralized applications.
As we get closer to the implementation of these updates, anticipation and expectation within the cryptocurrency community continues to grow. Moonbeam is undoubtedly leading the way towards a more connected and efficient future for blockchains.
