The much-anticipated day has arrived – Moonbeam network, the Ethereum-compatible smart contract platform, has launched successfully on Polkadot. This made it the first fully operational Polkadot-based parachain, a milestone dozens of projects based their work upon, Authtrail included.
Our CTO Tadej Vengust offers his take on why the launch of the Moonbeam network is one for the books.
“The launch of Moonbeam introduces a true multichain Web3 era powered by Polkadot. Being Ethereum-compatible by design and with the mission of bridging projects into the multichain ecosystem, it seems kind of appropriate it was the first parachain to launch.
Moonbeam’s features will support lots of exciting new projects in the Web3 ecosystem, including Authtrail. Thanks to the network’s EVM compatibility, we migrated to the Polkadot ecosystem seamlessly and with minimal changes to the code. Moving to a multichain ecosystem opens up tons of possibilities, from connecting to other parachains to moving to a completely stand-alone parachain if needed.
This connectivity will have a major impact on DLT projects striving for greater adoption of the technology in the real world. It broadens the spectrum of what projects can achieve, and we’re confident it will reduce competitiveness among initiatives by sparking new, exciting collaborations instead.
Judging from the current development in the broader blockchain space, the future will be far from uniform. There will be no one chain to rule them all, but rather, we will see multiple chains connecting, collaborating, and serving their specific use cases, each contributing their best features to end-users.
We are thrilled for the official launch of the Moonbeam network, as it marks another milestone for Authtrail, as well – the infrastructure to launch the AUT token is now ready. And on a broader scale, the launch of the Moonbeam network brings us closer than ever to blockchain adoption on the next level. At Authtrail, we’re excited and privileged to be adding our share to the mission of multichains as they bring the best of advanced technologies to the masses.”
Learn more about why we chose Moonbeam as the primary network for Authtrail.
The whole Authtrail team congratulates the Moonbeam and PureStake teams on the launch and we look forward to co-creating the future of Web3.
“There will be no one chain to rule them all, but rather, we will see multiple chains connecting, collaborating, and serving their specific use cases, each contributing their best features to end-users. The launch of the Moonbeam network brings us closer than ever to blockchain adoption on the next level.”
Tadej Vengust, CTO, Authtrail