The success of Illuminate/21 underlines the potential of Moonbeam's cross-chain composability from Moonbeam

In the world of cryptocurrency and blockchain, it is crucial to bridge the gap between different ecosystems. This is often easier said than done and would not be possible without the help of projects such as Moonbeam. During his latest Illuminate/21 event, the team received a lot of attention from prominent industry players.

The purpose of Moonbeam

The merging of the polkadot and Ethereum ecosystems for the introduction of cross-chain interoperability is also a significant undertaking in 2021. Both blockchains are incompatible by default, which means that a bridge -like service is required to combine the best of both worlds. Moonbeam wants to be this catalyst and offer Ethereum developers a way to build on polar cadot with as little friction as possible.

as is compatible with Ethereum addresses and has a complete EVM implementation, there is a lot to discover for existing and future Ethereum developers. As a future parachain in the Polkadot network, it will benefit greatly from the common security of the polkadot relay and offers cross-chain compatibility with other paracitries under this roof.

The purpose and the potential of Moonbeam have been clearer in recent years Illuminate/21 event . The participants of the virtual event received a presentation of virtual demos and lectures on the potential of cross-chain compatibility. For a project that has only existed for a little more than a year, Moonbeam has put a very long way and attracted a lot of attention. By merging the Polkadot and Ethereum ecosystems, significant products and services can be developed across the board.

During the Illuminate/21, several well-known speakers were present to present their product or service. The speakers represented projects such as Covalent, Coin Fund, Chainsafe Systems, Frax Finance, Upshot, Linear Finance and others. Moonbeam's cross -chain approach will be of great interest for projects that want to open up a much broader liquidity and new user groups who can raise their projects to a completely new level.

In the event of so much interest from prominent projects and representatives from many different industrial segments, it is obvious that Moonbeam in the field of cryptocurrencies quickly rose. Since the shortcomings of the Ethereum blockchain have become visible to everyone in the past few months-despite upgrades in the pipeline-the overarching blockchain becomes all the more important. The competition in the cryptocurrency and blockchain area is healthy, but sometimes bundling the forces is the better long-term approach.