Produced by the Polkadot Ecological Research Institute, it must be a boutique (the article is very long, it is recommended to collect it first and then read it)

Produced by the Polkadot Ecological Research Institute, it must be a boutique (the article is very long, it is recommended to collect it first and then read it)

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opening wordsThe development of Polkadot has entered the stage where many parachains have begun to develop their own ecology. Regarding how they develop their ecology, how the ecology develops, what innovations are there in ecological projects, and what ideas can be used for reference, each parachain has It has its own thinking and development, and there must be many places worthy of our analysis and learning.", in-depth observation of the ecological development of the parachain project, interpreting the inspiration brought by it, can not only better understand the development of the Polkadot parachain, but also find out what other projects are worth learning from, which can help the Polkadot ecology to be more rapid development of.

background

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background

Moonbeam once won the second place in the Polkadot slot auction with a good result of staking 35,759,900 DOT, and was listed on two major exchanges at the same time. Moonbeam immediately attracted widespread attention from insiders.

Launched in April 2020, Moonbeam was built by the blockchain startup PureStake. It is a smart contract parachain compatible with both the Polkadot ecology and the Ethereum ecology.

In August 2020, PureStake won the Web3 Foundation Grant, which accelerated the development of Moonbeam and its leading network Moonriver. The custom parachain Staking Pallet it developed filled the functional gap in the Polkadot and Kusama ecology.

In the month after receiving the Grant from the Web3 Foundation, PureStake received another seed round of financing of 1.4 million US dollars, and then in April 2021, it completed the investment led by CoinFund, Binance Labs, ParaFi and other well-known investment institutions And $6 million in strategic financing followed by seed round investors.。

With strong development capabilities, and with the help of financing, Moonbeam has rapidly grown into one of the most well-known parachains in the Polkadot ecosystem.

In September 2020, Moonbeam’s first network, Moonriver, was launched on Kusama, attracting many projects to enter and integrate within half a year

The Moonbeam mainnet was officially launched on the Polkadot chain in January this year. More than 200 projects have been deployed in the ecosystem, distributed in various tracks, including DeFi, NFT, oracles, browsers, wallets, APIs and tools, Insurance, Bridges, Dapps, etc.

According to officials, in the first half of this year, Moonbeam users completed more than 6.5 million transactions, developers deployed more than 5,000 smart contracts, and more and more users and projects are participating in the Moonbeam ecosystem.Recently, Moonbeam is also in full swing. In June of this year, Arrington Capital, an encryption investment company that manages more than $1.6 billion in assets, reached a cooperation with the Moonbeam Foundation and set up a $100 million ecosystem fund for Moonbeam.

In order to attract more high-quality mature projects to join, whether it is the ecological development of its pioneer network Moonriver or the main network Moonbeam, Moonbeam is planning to provide more support for the project from resources such as technology, capital and market.

So, what incentives does Moonbeam do for ecological construction? What kind of inspiration can it bring us? Today we explore the story of Moonbeam.

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What measures has Moonbeam taken to accelerate ecological development?

start with training

More and more decentralized applications are emerging, and the creativity and participation of developers have brought continuous vitality to the public chain. But for developers, finding a safe and stable development platform and a public chain ecosystem that can provide comprehensive technical training are important considerations.

Therefore, Moonbeam has tailored a set of cross-chain deployment crash course non-profit training courses "Moonbeam Getting Started-Easy to Start Cross-chain Solidity Development" for developers.Through learning courses, developers can understand how to develop projects on Moonbeam, Ethereum and other Ethereum-compatible chains, and master the basic principles and implementation methods of cross-chain transactions.。

From basic course learning to developer technical tool support, to after-school practical exercises and questions and answers,

The training course designed by Moonbeam can be described as a one-stop service, which lowers the barriers to entry for blockchain developers and can attract more interested developers to join in the ecological co-construction

As the Polkadot ecology is becoming more and more prosperous, the Moonbeam ecology is also developing better and better. In order to expand its own influence, in addition to the original several introductory course training, Moonbeam is planning to jointly launch a series of advanced courses with Oneblock to attract more outstanding domestic developers to join the Moonbeam ecosystem.

Hackathon test growth

In order to encourage developers to join the Moonriver or Moonbase Alpha testnet for project deployment, in March this year, Moonbeam launched the Moonriver Virtual Hackathon program in conjunction with Huobi Incubator (Huobi Incubator) and DoraHacks (Web3 open source developer incentive platform).

There is no entry threshold for this hackathon, and the propositions include multiple fields such as XCM, NFT, DeFi, Indexer, and Gaming. Moreover, in order to encourage various projects to sign up, Moonbeam also specially set up a bonus incentive of 150,000 US dollars.。

In addition to this, there are two Moonshot Bounty worth $10,000 for all new projects.

In order to incubate more potential projects, in addition to the Hackthon held by Moonbeam itself, Moonbeam also participated in and sponsored many other hackathons with different themes

For example, in the Wanxiang Blockchain Hackathon Contest held in 2021 with the theme of "Digital World 2077", Moonbeam has set up a bonus incentive of US$8,000 and additional rewards for outstanding developers. There are 4 projects developed based on Moonbeam Successfully won the 2021 Wanxiang Blockchain Hackathon Award.

In May of this year, Moonbeam sponsored the ETH Shanghai Hackathon supported by the Ethereum Foundation, providing participants with a development platform solution suitable for multi-chain deployment in the role of a blockchain Layer1 public chain development platform.

In June this year, the 5th Polkadot Hackathon Entrepreneurship Competition Demo Day was held during the Polkadot Decoded Conference in Hangzhou.

After more than 2 months of intensive preparations, among the 20 teams that successfully advanced, 8 teams chose to develop based on Moonbeam, enjoying the unique advantages of Polkadot’s leading multi-chain decentralized application development platform, and also received the support from Moonbeam. sponsor.

According to the official statement, Moonbeam will continue to hold more hackathon competitions this year, and developers who are interested in exploring Web3 are welcome to sign up.

Grant Program supports its development

• The Grant Program is a donation program proposed by Moonbeam on January 4, 2021. The program aims to fund Web3 software development and projects that contribute to the development of the Moonbeam ecosystem to promote overall network growth. The Grant Program is also Moonbeam's multi-chain vision a part of.

• Participating projects will get huge benefits in the Grant Program:

• Funding: Funded using Moonbeam native token (Glimmer-GLMR).

• Developer Tools: Developer tools and resources.

End-to-end support: End-to-end support from the build process to technical and business strategy.。

Networking: Introduction to VCs and thought leaders upon successful milestone completion.

In fact, Polkadot has also implemented its own Grant plan, which has involved various tracks and achieved good results. It can be said that the Grant plan has provided strong support for the project team

As an Ethereum-compatible smart contract platform on the Polkadot network, Moonbeam allows the existing code base to be easily deployed to a Polkadot-based environment, and is extremely suitable for teams that want to implement multi-chain or dual-chain deployment.

The Grant Program promoted by Moonbeam also hopes to encourage teams to build innovative and interrelated projects on Moonbeam, and reward these teams for completing projects with unsolved use cases.

Special fund to help it mature

On June 8, 2022, Moonbeam Foundation and Arrington Capital launched a special fund of US$100 million - The Arrington Moonbeam Growth Fund, which is dedicated to supporting Moonbeam ecological projects.The fund aims to stimulate further development and growth of the network, and it is also the first ecosystem fund of the Moonbeam network.

All funding from the Arrington Moonbeam Growth Fund will be used to help new projects develop and scale multi-chain applications

, including new use cases that leverage Polkadot’s interoperability potential and innovative general-purpose messaging technologies beyond Polkadot, as well as helping projects in all categories including DeFi, marketplaces, NFTs, and games.

Currently, Moonbeam has more than 100 projects running or about to start, and the establishment of this special fund will continue to promote the expansion of the Moonbeam network.

In addition, Moonbeam is one of the parachains on Polkadot, and the Arrington Moonbeam Growth Fund helps stimulate growth on the parachain, and even contributes to the growth of the entire Polkadot ecosystem.

The Orbiter Program maintains the network

On July 18, 2022, the Moonbeam Foundation announced the launch of a new program, the Orbiters Program, which is similar to the Kusama thousand-person verification program. It is based on the successful operation of the Polkadot and Kusama validator programs promoted by the Web3 Foundation and Parity. modeled.

The program allows Collators to participate in the diversity and security of the network, even if they do not have sufficient funds or support, to enter the active set.

The Moonbeam Foundation will maintain the Orbiter Program Collators in the active set and will authorize each member of the program (called an Orbiter) to generate blocks.

The Moonbeam Foundation hopes to introduce a new entry to the collector ecosystem, encourage the continued enrichment and diversification of the collector pool, and provide opportunities for new participants to experience collectors. The ultimate goal of the Orbiters program is to maintain network health and decentralization .

Collators generate blocks and support block activity on the network. They provide blocks to a shared set of validators on the relay chain for finalization. The role of collectors is similar to that of validators on Polkadot and Kusama, but collector nodes do not contribute to the security of the network by validating blocks.

Essentially, collators work to generate state transition proofs for validators based on the Polkadot and Kusama relay chains, and maintain a full node on the relay chains and parachains they run on.

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What is the current ecological development of Moonbeam?

Moonbeam is evolving

As one of the best projects for Ethereum compatibility on Polkadot, Moonbeam has long been dubbed "Ethereum on Polkadot". For those who were originally on Ethereum but want to deploy on Polkadot For the application teams in the ecosystem, the engineering work they need can be minimized.

Today, as Moonbeam matures, this goal has been basically achieved.。

As a highly innovative public chain, Polkadot has maintained continuous innovation and iteration in some of its architecture and mechanism design, such as the Substrate framework behind it, and evolution is the theme of Polkadot's ecology.

For Moonbeam, the realization of "Ethereum" on Polkadot is only the first stage. With the achievement of the goal of the first stage, Moonbeam also proposed new goals to maintain evolution

The original introduction of Moonbeam is: Moonbeam is a smart contract platform compatible with Ethereum in the Polkadot network, which can easily build native interoperable decentralized applications.

Now Moonbeam's new introduction is: Moonbeam is a smart contract platform for building cross-chain interconnected applications that can access users, assets and services on any chain.

By bringing together features from Ethereum, Cosmos, Polkadot, and more into one platform, Moonbeam solves today's fragmented user experience, unlocks true interoperability, and lays the foundation for the next generation of applications.

Moonbeam proposed a new positioning that is more scalable than the original positioning, and began to go out of the Polkadot ecosystem to face more public chains.。

Moonbeam also innovatively proposed the concept of cross-chain interconnected smart contracts, that is, the collaboration of smart contracts on the "back end" that interacts with DApp users on the blockchain. These smart contracts are connected across blockchains, so there is no need to Assets are transferred to any application, on any connected blockchain to transfer assets.

Applications built on Moonbeam using interconnected contracts can reach functions from Ethereum, Cosmos, Avalanche, and Polkadot through messages sent across chains

At present, Moonbeam is based on the Polkadot ecology. It uses XCM for cross-chain interaction within the Polkadot ecology, and cooperates with other cross-chain protocols to open up interactions with other public chains outside the Polkadot ecology. big vision.

Overview of ecological developmenthttps://www.dtmb.xyz/）

According to the data of Downtown Moonbeam, the Moonbeam ecological statistics website, there are currently a total of 206 projects built on Moonbeam.

(address:

With the positioning of "Ethereum on Polkadot", Moonbeam has attracted many projects with mature EVM ecology to deploy on Moonbeam.。

Whether it is the leading decentralized pledge solution Lido Finance in the DeFi field, the decentralized stablecoin exchange Curve Finance, the decentralized exchange SushiSwap, or the familiar decentralized data index project The Graph and The decentralized API project API3, as well as the well-known oracle project Chainlink and Band Protocol, these familiar old faces have been selected to be deployed on Moonbeam, which has played a certain role in laying the foundation for the ecological development of Moonbeam.

On the one hand, the high credit of these old projects themselves will attract funds and users to enter Moonbeam, on the other hand, these funds and users will also attract other developers to choose to do projects on Moonbeam

In addition, the cross-chain interconnection smart contract proposed by Moonbeam, as well as the new positioning of the cross-chain interconnection smart contract platform, cooperate with many parallel chains internally, and cooperate with cross-chain projects such as Celer Network, Axelar, Multichain and other public chain ecology externally. Make a link. These directions have also introduced a large number of ecological projects to Moonbeam.

Combining the above major aspects together has created a vibrant Moonbeam ecology with 200+ ecological projects.

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Enlightenment brought by Moonbeam's development ecology

Moonbeam is currently one of the most ecologically rich projects in the Polkadot parachain project. Its ecological development ideas are indeed worth learning and learning from, and it also provides a good example for future parachain projects.Standing on the shoulders of Polkadot giantsPolkadot itself is at the textbook level for ecological construction. From developer training to early project mining, to financial and technical support for ecological projects, corresponding help is given at different stages of the project to ensure that developers can softly The landing land has entered the Polkadot ecology, we are in "

In order to develop the ecology, what efforts have Polkadot officials made?

", has a more detailed introduction to Polkadot's official efforts in ecological construction.

Polkadot’s entire ecological support idea is fully operable. Naturally, Moonbeam also launched similar training, hackathon, Grant, fund support, etc. based on this idea, and the final effect is indeed very successful. Once again, it has been verified that Polkadot’s experience is very practical, and other parachains can also be used as key references.

https://twitter.com/Polkadot_ERI

Laying the foundation for strong market capabilitiesIt has to be said that Moonbeam’s capabilities in the market are particularly outstanding. Our Polkadot Ecological Research Institute will collect Polkadot ecological news every day to maintain continuous observation of Polkadot ecology. Check it out on our twitter:。

During this period, we found that for a period of time, almost every week old projects chose to deploy on Moonbeam, which is the embodiment of Moonbeam's market capabilities.

It is also through this method that Moonbeam quickly settled in 50+ projects in the early stage of launch, and built the basic ecological disk of Moonbeam

Therefore, a good market has a direct effect on ecological development.

Therefore, when Moonbeam repositions and starts to expand the cross-chain ecology, it can achieve the possibility of interoperability with many other chain applications through the cross-chain function, giving full play to the ability of interoperability to expand the ecology, which realizes Another round of ecological explosion of Moonbeam.

postscript

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postscript

As for those of us who have been observing Moonbeam since its inception, how Moonbeam developed step by step has left a deep impression on us, that is, it is steady and steady.

From the beginning, we only focused on being compatible with Ethereum, and made the compatibility good enough, and gradually connected mature applications on Ethereum to Moonbeam around this feature, and then to supporting the ecology, we adopted Wave Card has a mature set of frameworks and has guided the birth of many new projects on Moonbeam.。

Moonbeam always takes the first step on the development path before considering the next step. Whether it's marketing, technology development, operations, or community management, just looking at what Moonbeam does in each direction may seem ordinary, and anyone can do it.

What Moonbeam can learn from in terms of ecological development is particularly important. It is a model room for Polkadot’s ecological development, and it is worth learning for latecomers.

*The information provided by the Polkadot Ecological Research Institute does not represent any investment hints. The published articles only represent personal opinions and are for reference only. Since there are no policies and regulations related to digital assets in China, users in mainland China are requested to pay close attention to the development of Crypto.

Welcome everyone to join our Telegram group of the Polkadot Ecological Research Institute:

https://t.me/polkadot_eri

*The information provided by the Polkadot Ecological Research Institute does not represent any investment hints. The published articles only represent personal opinions and are for reference only. Since there are no policies and regulations related to digital assets in China, users in mainland China are requested to pay close attention to the development of Crypto.

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