Boston, MA – August 5, 2022 – MoonbeamGo to page https://moonbeam.network/, the top destination for cross-chain connected applications, has announced Moonriver’s integration with Shiden via XCMGo to page https://moonbeam.network/blog/xcm-on-polkadot/, Polkadot’s native cross-chain messaging technology. Shiden’s token SDN can be deposited on MoonriverGo to page https://apps.moonbeam.network/moonbeam, which is the most active parachainGo to page https://moonbeam.network/education/what-is-a-parachain/ on Kusama and has the highest volume of cross-chain token transactions. This integration brings together Moonriver and the Shiden WASM platform, joining two of the most active developer ecosystems in Dotsama to pave the way for the development of interoperable applications within Kusama.
Shiden and its Polkadot sister parachain Astar are developer-focused chains with programs aimed at accelerating growth on Polkadot and Kusama networks through the offerings of Astar SpaceLabsGo to page https://astar.network/spacelabs/, a program to scale your dApp through marketing, technical support, and Astar’s innovative #Build2Earn initiative.
Moonriver and Moonbeam are cross-chain smart contract platforms with a focus on interoperability and connectivity. Moonriver is able to bring new users into the Dotsama ecosystem by continuously improving the user experience through hiding infrastructural complexity away from the user. Other parachains connecting to Moonriver, such as Shiden, can benefit from access to these additional users and functionality. Both chains will leverage a shared space within Kusama, and other connected ecosystems soon.
Builders who are interested in exploring advanced interoperability scenarios with Moonriver, Shiden, and other developer-friendly parachains on Kusama can build cross-chain connected contractsGo to page https://moonbeam.network/builders/connected-contracts/, which are those that leverage functionality and resources from multiple chains within a consolidated user experience. GrantsGo to page https://moonbeam.foundation/grants/ and other forms of funding may be available for teams that want to help build the next generation of cross-chain-enabled applications on Polkadot.
This August, Moonriver will celebrate its one year anniversary as a fully functional layer one chain on Kusama. Since its introduction, Moonriver has had over 21 million transactionsGo to page https://moonriver.moonscan.io/ and connected with fifteen other Kusama parachains, including this latest bi-directional HRMP channel with Shiden. There are four live XCM integrations currently on Moonbeam. Once assets from these chains are brought to Moonriver as XC-20sGo to page https://moonbeam.network/blog/introducing-xc-20s/, they can be used like ERC-20s across the Moonriver ecosystem, setting the precedent for interoperability within and outside of the broader Kusama network.
Moonbeam is building cross-chain connected applications with superior user experiences by unifying access to users, assets, and services across any existing blockchain. Integrations with parachains such as Shiden are essential to removing constraints and unlocking true interoperability.
About the Moonbeam Network
MoonbeamGo to page https://moonbeam.network/ 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.
About Astar Network
Astar NetworkGo to page https://astar.network/ – the Innovation Hub on Polkadot. Astar Network supports the building of dApps with EVM and WASM smart contracts and offers developers true interoperability, with cross-consensus messaging (XCM)Go to page https://moonbeam.network/blog/xcm-on-polkadot/. We are made by developers and for developers. Astar’s unique Build2Earn model empowers developers to get paid through a dApp staking mechanism for the code they write and dApps they build.