Moonbeam is an Ethereum-compatible smart contract platform for building cross-chain connected applications. That can access users, assets, and services on any chain. It’s a parachain on Polkadot and a highly specialized Layer 1 chain that mirrors Ethereum’s Web3 RPC, accounts, keys, subscriptions, logs, and more, and extends the base Ethereum feature set with additional features such as on-chain governance, staking, and cross-chain integrations. By uniting functionality from Ethereum, Cosmos, Polkadot, and more into a single platform, Moonbeam solves today’s fragmented user experience — unlocking true interoperability and paving the way for the next generation of applications. And with Ren supporting it, you can now bridge BTC, DOGE, ZEC as well as tokens and assets from the 10+ other smart contract chains Ren supports directly to Moonbeam. As Ren Protocol anounced its Integration with Moonbeam.
Moonbeam helps projects expand their reach to new users and markets with a multi-chain approach.
Ren is an open protocol that enables the movement of value between blockchains. RenVM, a Byzantine fault tolerant (BFT) network that enables universal interoperability between blockchains. By combining consensus with secure multi-party computation (MPC) algorithms, RenVM is able to instantiate a decentralised, permission-less, and trust-less custodian capable of locking assets on one chain and minting one-to-one pegged representations of them on other chains. In this way, users are able to interact with multiple applications, multiple assets, and multiple chains with only one transaction.
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