Developers on Moonbeam Can Use LayerZero Through Connected Contracts to Provide Unified Multi-Chain User Experiences
Boston, MA – August 29, 2022 – Moonbeam, the top destination for cross-chain connected applications, has extended its interoperability capabilities through the addition of LayerZero. With LayerZero, developers building connected contracts have an even wider array of secure messaging features at their disposal, making it easier to design applications that can tap into functionality across many remote blockchains. Developers on Moonbeam can use LayerZero’s messaging standard — in addition to Axelar, Polkadot’s XCM, and other protocols — to build the next generation of applications without the constraints of solo chain development, capable of resolving today’s fragmented user experience, liquidity, and data.
LayerZero emerged late last year as a major omnichain interoperability protocol with support from Silicon Valley firms like Andreessen Horowitz and Sequoia Capital. Designed for lightweight message passing across chains, LayerZero aims to provide authentic and guaranteed message delivery with configurable trustlessness via a low-level communication primitive, upon which a diverse set of cross-chain applications can be built. Using this primitive, developers can implement inter-chain applications like a cross-chain DEX or multi-chain yield aggregator without having to rely on a trusted custodian or intermediate transactions. LayerZero currently supports cross-chain messaging between Ethereum, BNB Chain, Avalanche, Polygon, Arbitrum, Optimism, and Fantom.
Moonbeam is designed to sit at the nexus of cross-chain development, offering an optimal environment for building interoperable applications that rely on functionality from many chains. By providing an array of inter-blockchain messaging options, unmatched Ethereum compatibility with broad tool support, and a modern proof-of-stake architecture built on Substrate, Moonbeam has evolved to become a specialized environment for cross-chain integration. This enables the creation of cross-chain connected smart contracts, which are applications that connect to other blockchains behind-the-scenes and surface that functionality through a unified user experience. Projects like Prime Protocol, DAM Finance, and Centrifuge have announced upcoming connected contracts on Moonbeam.
“LayerZero has been a pioneer in the cross-chain interoperability space. But smart contract platforms have been slower to evolve with these new capabilities,” said Derek Yoo, Founder of Moonbeam. “As a smart contract L1 optimized for interoperability use cases, Moonbeam’s core features and surrounding infrastructure are specifically designed for cross-chain scenarios. The addition of LayerZero gives Moonbeam developers an important messaging transport to reach assets, users, and services on remote chains. Overall, LayerZero’s omnichain capabilities are a great match for Moonbeam’s connected smart contracts.”
As a parachain on Polkadot, Moonbeam natively supports XCM as a messaging transport, but has also added support for prominent cross-chain messaging systems such as Axelar and LayerZero, with more planned to deploy. Moonbeam offers a development environment with complete Ethereum compatibility and broad tool support in addition to the security and scalability of Polkadot’s Substrate functionality to integrate cross-chain messaging and support new use-cases in blockchain technology.
Moonbeam continues to expand its offerings in cross-chain interoperability. Subscribe to our newsletter and follow us on social media for the latest updates.
About the Moonbeam Network
Moonbeam is an Ethereum-compatible smart contract platform on the Polkadot network that makes it easy to build natively interoperable applications. This Ethereum compatibility allows developers to deploy existing Solidity smart contracts and DApp frontends to Moonbeam with minimal changes. Like Moonriver, its sister parachain on Kusama, Moonbeam is expected to accumulate developer and user activity from the 80+ projects building DApps and protocols on the network. As a parachain on the Polkadot network, Moonbeam benefits from the shared security of the Polkadot Relay Chain and integrations with other chains that are connected to Polkadot. Learn more: https://moonbeam.network/.