Polkadot Parachain Updates: Acala & Moonbeam

1. Acala

Acala is the first global decentralized open finance alliance. It’s the DeFi hub of Polkadot ecosystem and an Ethereum smart contract compatible platform with built-in one-stop cross-chain DeFi protocols, also including decentralized stablecoins (aUSD) , trustless liquidity derivatives, and AMM Swaps. Acala allows developers to leverage EVM+ to achieve cross-chain, chain-level innovation.

Operational Updates

After Acala became a Polkadot Parachain, a lot of projects announced to participate in Acala ecosystem.

Technical Updates

Acala Mainnet:

  • Reconstruction and optimization of CDP Engine to prepare for the upgrade of stablecoin protocols in the future;
  • Cross-chain state oracle module is added as the underlying module of more cross-chain protocols;
  • Support for pausing and restarting the processing of XCM messages
  • Redesigning minting interface for LKSM/LDOT, and Bootstrap interface for Swap
  • Ready to launch EVM module for Karura and support new features of Ethereum’s latest London hard fork

2. Moonbeam

Moonbeam is an Ethereum-compatible smart contract platform on the Polkadot network that makes it easy to build natively interoperable applications.

Operational side

Integrations with commonly-used developer tools help development teams to successfully deploy on Moonbeam, and complete the first step to entering the Polkadot ecosystem. Remix, OpenZeppelin, HardHat, Truffle, Waffle, Mars, Gnosis Safe, MetaMask and other mainstream Ethereum developer tools are available on Moonbeam.

Technical Updates

On February 11, 2022, Moonbeam released the latest runtime 1201 upgrade to Moonriver, and the Moonbeam network also completed the deployment of this upgrade.

Summary

That’s some Updates of Acala and Moonbeam. I believe that everyone is looking forward to the realization of the original vision of these parachains, but Rome is not built in a day, it takes time to experience and grow, I believe that in the near future we will see a Web 3 ecosystem that will surprise everyone!

About PolkaWorld

PolkaWorld is a Polkadot global community founded in 2019. We have gathered more than 40,000 Polkadot enthusiasts, and have always been committed to spreading Polkadot knowledge, training Substrate developers, and supporting Polkadot/Kusama ecosystem.

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PolkaWorld

PolkaWorld

A global Polkadot/Kusama community