Moonbeam launch: the first EVM-compatible parachain on Polkadot
Thread285 words
Launch-day thread arguing Moonbeam is more than an EVM clone: it mirrors Ethereum's Web3 RPC, accounts and keys, supports Solidity and Vyper, and adds on-chain governance, staking and cross-chain interoperability as the first parachain on Polkadot.
Key claims
Moonbeam is the first parachain deployed on Polkadot
Polkadot could host about 100 chains forming the largest ecosystem in crypto
Today's launch of @MoonbeamNetwork is much bigger than most people understand. Hard to find the words to describe how hyped I am for this. After years of development we finally see the first L1 chain go live on @Polkadot's L0! THIS is history is being made!
A few thoughts 🧵👇
1/ @MoonbeamNetwork is much more than just an EVM implementation. It's a highly specialized & scalable L1 built on @substrate_io that mirrors @ethereum's Web3 RPC, accounts, keys & more. It provides full support for Solidity & Vyper or basically anything compiling to EVM bytecode
2/ Additionally, @MoonbeamNetwork extends @ethereum's base feature set with on-chain governance, $GLMR staking and cross-chain interoperability, basically making it an improved Ethereum 3.0 before Ethereum 2.0 has even launched.
3/ The future is multi-chain and @Polkadot provides a layer 0 meta-protocol that will be the basis of an entire ecosystem of interoperable blockchains, each one tailored to a highly specialized use case.
4/ This brings scalability & cross-chain composability to the crypto space in a way that was unthinkable before. Few people understand how big this is and how big this will become.
5/ @MoonbeamNetwork is the spearhead of this revolutionary ecosystem and the first @Polkadot #parachain to be deployed. But what we see today is merely the beginning.
6/ This is the birth hour of a multi-billion ecosystem consisting of ∼100 chains that will all grow into ecosystems of applications of their own, most likely making this the largest & most valuable ecosystem the crypto space has ever seen.
7/ It's opportunities like this that change lives and it's times like this when generational wealth is created.
Don't sleep on $GLMR!
Don't sleep on $DOT!
Don't sleep on the future!
What came next · since 11 Jan 2022
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This breakdown analyzes the project without making a call on the token, so price moves since publication are shown as market context.
Since then
Zero has written 12 more pieces on Polkadot and Moonbeam and $DOT and $GLMR since this one.
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