Moonbeam Expands Cross-Chain Capabilities with New LayerZero Deployment

Developers on Moonbeam Can Use LayerZero Through Connected Contracts to Provide Unified Multi-Chain User Experiences

Boston, MA – August 29, 2022 – MoonbeamGo to page https://moonbeam.network/, the top destination for cross-chain connected applications, has extended its interoperability capabilities through the addition of LayerZeroGo to page https://layerzero.network/. With LayerZero, developers building connected contractsGo to page https://moonbeam.network/blog/cross-chain-smart-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 XCMGo to page https://moonbeam.network/blog/xcm-on-polkadot/, 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 CapitalGo to page https://decrypt.co/96465/layerzero-raises-135m-andreessen-ftx-sequoia-build-omnichain-protocol. 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 contractsGo to page https://moonbeam.network/builders/connected-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 parachainGo to page https://moonbeam.network/education/what-is-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

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.