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The text of the event is as follows:
Moderator: Please introduce your projects
Yuki: Hello everyone, I am Yuki, the Chinese community manager of Moonbeam. Our project Moonbeam Network is a fully compatible Ethereum smart contract platform based on Substrate, and the project has been running for a year and a half. We have two networks in the Polkadot ecosystem: one is Moonriver, which has become a Kusama parachain, and the other is Moonbeam, which is released on the Polkadot network.
We know that the innovation of Polkadot lies in its Layer0 network structure, which is connected to different parallel chains through the relay chain. If Polkadot is Layer 0, then Moonbeam can be compared to Polkadot's Layer 1.5, because Moonbeam is fully compatible with the Ethereum framework, allowing developers to have the ability to directly deploy code on Polkadot, without the need for redevelopment to increase uncertain costs. It is a parachain that is very easy to deploy projects.
For example, developers who have already been launched on Ethereum or Solidity can directly and easily build on Moonbeam, and at the same time enjoy Polkadot’s network speed, interoperability and new ecological traffic, etc. For the project side, it is equivalent to writing a set of codes that can simultaneously capture the dividends brought about by the two ecological growth trends of Ethereum and Polkadot.
Our idea has also been recognized by the project side, and you can find project integration examples on Moonbeam's test network. Now developers can use development tools such as Remix, Truffle, HardHat, Web3.js, and The Graph to interact with Moonbeam on Moonbeam. More than 150 projects have announced their deployment on Moonbeam and Moonriver.
Moderator: As Kusama's first batch of 5 parachain projects, please talk about the start-up plan of each project after the auction and the ecological development of the parachain in the future?
Yuki: Moonbeam's chain Moonriver in Kusama was the second to get the slot. In fact, getting the slot is only the first step in the Long March. What is more important in the follow-up is to ensure the safe and stable operation of the parachain and expand the ecology.
At present, Moonriver is in the deployment stage of preparing to go online. We divide the deployment phase into 5 steps: centralization, delegated proof-of-stake, governance, sudo removal, and full launch of Moonriver. We are currently in Phase 1: the end of testing Delegated Proof of Stake, and will soon enter the governance phase.
In the current deployment stage, Moonriver has opened the collector node to allow the community to settle in. At present, a total of 23 nodes have announced to join the Moonriver collator, and they have passed the test on our testnet. We expect more than 32 collectors to join the Moonriver collectors.
The ecological development of the parallel chain we conceived is to hope that the resources on the chain will continue to be enriched, and the second is that the underlying governance and technology are safe and reliable.
The collectors just mentioned are also a key part of the underlying governance of our project's ecological development. Moonbeam hopes to gradually attract the community to spontaneously govern the ecology, and of course the benefits of governance are shared with the community. Becoming a collector can not only enjoy the reward of packaging blocks, 1% of the annual 5% token inflation rate, and the handling fee of this type of packaging network block, but also get 1% of the annual 5% token inflation as an exclusive reward , so being a collector of Moonriver or Moonbeam has enough motivation to earn money.
Moderator: Ethereum has pushed the entire blockchain technology and applications to a new height with the help of smart contracts. Although the TPS is too low and the handling fee is high, it is criticized by people, but the current side chain, layer2 and other solutions The plans are also in progress. Since its birth, Polkadot seems to be trying to solve the existing problems of Ethereum. As a smart contract platform in the Polkadot ecosystem, what do you think of the future competition between Polkadot and Ethereum? How will Polkadot bring the smart contract and DAPP ecology to a new level?
Yuki ：
The development of side chains, Layer 2 or new public chains all indicate that the demand for blockchains is increasing, and the types and values of assets are becoming increasingly diverse. As the number of blockchains increases, cross-chain transmission is an inevitable requirement. For example, when developing cross-chain bridges and specific blockchains, they also have to consider what infrastructure to use, what framework to use, and how to ensure security. Even if all of them are considered, they will still inevitably be interfered by hackers. I think Polkadot has a natural advantage in solving these problems. Its network and parachains are built on its own base layer, which does not require extra cost for the project to consider the underlying security. The convenience of this connection is very important in cross-chain.
Therefore, Moonbeam chose to use the familiar Ethereum-style technology stack to deploy in the Polkadot ecosystem. What are the benefits of doing this? The Ethereum ecosystem has a huge user base, and the development tools have been used for 5-6 years, which are relatively mature. For native blockchain developers, the learning cost and development cost are more friendly. For users, they are already familiar with the way of DeFi. Now they just switch a network on MetaMask and continue playing in another environment. The operation is very convenient. Polkadot plays a role in series connection, connecting the assets of different parallel chains together, so that the entire network is like a spider web, linking each chain and each intermediate node.
Moderator: It is said that this auction of parachain slots will mean that the Polkadot ecology will start to really land. What direct impact do you think the auction of parachain slots will have on the entire industry? At present, there seem to be not many voices optimistic about Polkadot in the market. What do you think of the future development of Polkadot’s ecology?
Yuki ：
If you look at the market value of the public chain alone, Polkadot was among the top 10 projects in terms of market value before the online slot auction, which shows that the market has done a very good job of Polkadot's cold start and preached in advance.
Secondly, looking at the consensus of the community, I think another achievement of the first batch of slot auctions is to consolidate the consensus of the community, such as developers, projects, investors and KOLs, etc. After the auction and other activities, there are new precipitation. This time, everyone invested real money in the slot, which is the binding of interests, and will also help to build an ecology together, which is no different from the essence of investment.
The third is to look at the activity on the chain. There are more than a dozen projects on the Kusama network waiting for the next round of auctions. If these projects become parachains, the entire Kusama network will bear a huge amount of calculations. Can the validators of the relay chain Verifying so many blocks in time is still a question mark.
But we can see that projects like Moonbeam, Acala, etc. are prospering Polkadot from the perspective of the middle layer. We also hope that there will be more attractive incentive models and business models in this ecology.
About Moonbeam
About Moonbeam
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About PureStake
Moonriver is Moonbeam's peer network designed to provide a permanent testing environment for incentivized experiments. The code of the newly launched project will be deployed to Moonriver first, and undergo a series of tests and experimental verifications in its real economic environment. After the verification is completed and passed the test, the project code can be officially deployed to Moonbeam on Polkadot.
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About PureStake
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https://www.purestake.com/
