The Recent Integration Of Moonbeam With LayerZero
Polkadot announced recently that Moonbeam has adopted the cross-chain communications technology LayerZero to enhance Web3 compatibility. According to Etherscan, Moonbeam, a tier 1 blockchain system with 9.6 million lifetime transfers, already makes use of the Polkadot network's internal messaging service, XCM. The integration of Moonbeam, which received $6 million in a Series A investment in September, will provide a larger messaging service across numerous chains like Ethereum, BNB Chain, Polygon, and others. This really is an interesting integration in the world of cryptocurrencies. You can receive such crypto updates from Cryptoknowmics. Also, get details on the best Polkadot wallets 2022.
Why Does Polkadot Matter?
Polkadot enables blockchain experimentation in the same manner that Ethereum enables decentralized application (DApp) experimentation. It is necessary to incorporate Polkadot staking wallets. Polkadot is intended to speed up innovation cycles, especially when experimenting with novel state transition functions. When developing a blockchain, there are several trade-offs to consider, and it is obvious from the amount and diversity of Web3 initiatives that no framework exists that incorporates all networks. Polkadot is a platform that can help us get at a broad framework more quickly. Get the best wallet for Polkadot staking from Cryptoknowmics. Details on all crypto wallets are available here.
