Moonbeam Expands Cross-Chain Capabilities with Hyperlane Deployment
Devs Building on Moonbeam Will Now Have Access to Hyperlane Through Connected Contracts to Send Secure Messages Between Chains
SINGAPORE, Oct. 19, 2022 /PRNewswire-PRWeb/ — Moonbeam, the top destination for cross-chain connected applications, has extended its interoperability capabilities through the addition of Hyperlane, an interoperability platform for building interchain applications. As a smart contract platform optimized for cross-chain scenarios, Moonbeam is designed to serve as an ideal deployment destination for applications that live across many chains. The addition of Hyperlane gives builders on Moonbeam even more cross-chain messaging capabilities and extends the number of networks connected to it, enabling developers to better construct all-in-one applications that securely communicate across many blockchains.
Cross-chain applications rely upon two core components to be effective: a number of smart contracts on various blockchains and a way to securely message between each of these instances. Moonbeam’s design allows it to be the hub of these many smart contracts, where connected contracts often act as “the brain” of the application and coordinate between many contracts on many chains. The introduction of Hyperlane adds a valuable component to this approach, allowing developers to send secure messages between chains with varying architectures, regardless of whether they are rollups (app-specific or general), appchains, or heterogeneous monolithic chains. Hyperlane allows developers building on Moonbeam to access seven networks, including Ethereum, Polygon, Avalanche, Optimism, Arbitrum, BNB, and Celo.
“Messaging protocols like Hyperlane provide the critical capability that allows Moonbeam to serve developers building cross-chain applications,” said Derek Yoo, CEO of PureStake, a development team building Moonbeam. “The Hyperlane integration provides Moonbeam developers access to unique destinations and novel features such as Sovereign Consensus, which gives developers fine-grained control over the security architecture of their application. The addition of Hyperlane strengthens the ability of Moonbeam to support cross-chain connected protocols.”
Hyperlane has a unique focus on future-proofing and was built with flexibility in mind. As part of this mission to evolve with developers and their applications, Hyperlane uses an approach called Sovereign Consensus, which lets developers configure their own security model utilizing Interchain Security Modules (ISMs). ISMs let a developer mix and match their approaches to economic security, optimistic security, proof of authority, and any other security model they’d like to enable.
“Our mission at Hyperlane is to connect blockchains with seamless interfaces for developers so that they can serve users on any chain. This vision is so clearly aligned with Moonbeam, and we’re thrilled to collaborate in this growing ecosystem,” said Jon Kol, co-founder at Hyperlane.
As a destination for cross-chain builders, Moonbeam offers broad protocol support for a variety of message-passing protocols, including LayerZero, Axelar, Wormhole, Polkadot’s XCM, and now Hyperlane. By offering a variety of messaging standards and formats, Moonbeam gives builders ultimate control over their cross-chain application design, allowing them to optimize for efficiency as well as optimal user experience. As cross-chain-connected contracts, applications can communicate and interact across blockchains using native assets on other chains without needing to move them, effectively making Moonbeam DApps into access points from which a user can tap into many tokens and chains at once.
About the Moonbeam Network
Moonbeam is an Ethereum-compatible smart contract platform on the Polkadot network that makes it easy to build natively interoperable applications. This Ethereum compatibility allows developers to deploy existing Solidity smart contracts and DApp frontends to Moonbeam with minimal changes. Like Moonriver, its sister parachain on Kusama, Moonbeam is expected to accumulate developer and user activity from the 100+ projects building DApps and protocols on the network. As a parachain on the Polkadot network, Moonbeam benefits from the shared security of the Polkadot Relay Chain and integrations with other chains that are connected to Polkadot. Learn more: http://moonbeam.network/.
About Hyperlane
Hyperlane is an interoperability platform empowering developers to build interchain applications, applications that can communicate between blockchains and serve users regardless of the chain they are on. Hyperlane is building the simplest and most secure way to communicate between blockchains, allowing developers to spend time focusing on their applications instead of on blockchain infrastructure. Learn more: http://www.hyperlane.xyz/
Media Contact
Jonathan Duran, Melrose PR, 310-260-7901, info@melrosepr.com
SOURCE Moonbeam
