Ocean Protocol Smart Contracts and Ocean Market Deployed On Moonriver
As part of Ocean Protocol multi-chain strategy, they have deployed Ocean’s technology to Moonriver. Moonriver is the leading EVM-compatible chain in the Kusama / Polkadot ecosystem. This gives it excellent security and cross-chain interoperability that will continue to improve.
Moonriver is a parachain (sub-chain) that leverages Kusama relay chain (parent chain) security. It’s a sister to the upcoming Moonbeam chain, a parachain to Polkadot relay chain. Kusama targets rapid testing and long-tail applications, whereas Polkadot targets slower large-enterprise applications.
“There is an increasing recognition that the web2 model is broken, with huge concentrations of data and power in the hands of a very small number of centralized entities. Ocean’s unique application of web3 technology to create open and decentralized data markets is leading the path forward on how to avoid these abuses. We are very happy to partner with Ocean to democratize access to data and help create a fairer and less manipulative online environment for everyone.”—Derek Yoo, Moonbeam Founder.
Moonriver is fully Ethereum-compatible, which allows it to run Ethereum smart contracts and use Ethereum-style ERC20 tokens. It’s a Proof-of-Stake chain with a modern consensus algorithm built on Parity Substrate technology. This allows it to have low gas fees and low latency compared to Ethereum mainnet.
“It’s a wonderful feeling to see something manifest that has been years in the making. This is one of those days. The PureStake team has been excellent collaborators to bring Ocean to Moonriver and the broader Kusama / Polkadot ecosystem.”—Trent McConaghy, Founder at Ocean Protocol
With Ocean deployed to Moonriver, this means:
- Users of Ocean Market can publish, swap, stake, and consume data assets in Moonriver.
- Data marketplace builders and other dApp developers can use Ocean libraries (ocean.js, ocean.py) and frontend components (market) with Moonriver.
- Token holders can move their OCEAN on Ethereum mainnet to OCEAN on Moonriver, and back using the AnySwap bridge.
Ocean components supported in Moonriver include: Ocean smart contracts, Ocean Market, Provider (for data services), Aquarius (metadata cache), and Ocean Subgraph (The Graph queries)
ABOUT Ocean Protocol
Ocean Protocol’s mission is to kickstart a Web3 Data Economy that reaches the world, giving power back to data owners and enabling people to capture value from data to better our world.
ABOUT Moonriver
Moonriver is fully Ethereum-compatible, which allows it to run Ethereum smart contracts and use Ethereum-style ERC20 tokens. It’s a Proof-of-Stake chain with a modern consensus algorithm built on Parity Substrate technology. This allows it to have low gas fees and low latency compared to Ethereum mainnet.
RESOURCES
Medium
