New HRMP Channels Have Opened Between Moonbeam and Astar Network
Throughout the history of blockchains, interoperability and multi-chain applications are considered the holy grails of Web 3.0. With the Polkadot ecosystem of parachains and cross-consensus messaging (XCM), not only do we have multi-chain assets, but we can also leverage functional interoperability. At Astar Network, we believe that this is the key to creating the next generation of innovative dApps and further progressing Web3.0. By opening the latest HRMP channel with Moonbeam we created a new chapter in our mission.
DOT and Acala native tokens to be transferred in and out of our mainnets last month, we opened the HRMP channel between Moonriver and Shiden Network to allow native movement of the
MOVR tokens between the chains.
Value for Astar ecosystem
By opening more channels on Astar Network, we are preparing to bootstrap the launch of WASM projects and encouraging our builders to create unique use-case on Astar by leveraging the powerful XCM format that Polkadot offers.
Recently we launched Swanky Suite: our all-in-one tool for WASM smart contract developers within the Polkadot and Kusama ecosystem. It bridges the various tools of the WASM ecosystem into a single interface, to make building the next generation of smart contracts easy for developers.
Now that we are adding GLMR as an XC20 asset on Astar Network, there is new liquidity that can be used in our EVM environment as well as natively with WASM smart contracts, after the contract pallet is enabled. We are excited to see Astar’s projects working together with Moonbeam’s projects, benefitting the growth of both communities.
Astar XCM vision
Astar CTO, Hoon Kim, wrote an extended view about our vision for XCM — it’s a great start to understanding Astar’s road to becoming the innovation hub on Polkadot. Check it out: part I, part II, and part III.
Imagine if there is a utility smart contract that is dedicated to sending XCM calls for specific extrinsics on a parachain deployed on Astar Network, and all developers have to do is load from that contract to fully utilize what the parachain can offer to their dApp. With the right tools, the right mind, and progress from the ecosystem, we believe that this will be the future of dApps in a heterogeneous network of blockchains. Hoon Kim, CTO at Astar.
About the 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.
About Astar Network
Astar Network — The Future of Smart Contracts for Multichain.
Astar Network supports the building of dApps with EVM and WASM smart contracts and offers developers true interoperability, with cross-consensus messaging (XCM). 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.
Astar’s vibrant ecosystem has become Polkadot’s leading Parachain globally, supported by all major exchanges and Tier 1 VCs. Astar offers the flexibility of all Ethereum and WASM toolings for developers to start building their dApps. To accelerate growth on Polkadot and Kusama Networks, Astar SpaceLabs offers an Incubation Hub for top TVL dApps.