Moonbeam, the first Polkadot parachain, announced on Tuesday that Moonbeam and the privacy-oriented Calamari Network have successfully connected.
This event is one of the first Calamari XCM integrations. Under the integration, KMA, the network’s native token, will be available for use on Moonriver as $xcKMA. Moonriver is Moonbeam’s partner network in the Kusama ecosystem.
everything is working fine
Users can start depositing xcKMA and use the token to achieve multiple tasks through various projects launched on MoonRiver.
In addition, it also opens an opportunity to interact with Calamari on the Kusama network, which enables cross-chain privacy for a variety of crypto assets at once by moving assets from Moonbeam’s Ethereum-compatible network. .
Moonriver and Calamari share a lot of common points. Whereas Calamari serves as a testnet version of the Manta network, where new functionalities will be tested before Polkadot is launched on the mainnet.
Moonriver serves as an experimental environment where developers can test their products before running them on Moonbeam.
The relationship between the two Parachains will provide MoonRiver with additional cross-chain privacy functionality and tools, resulting in the enhancement of the Kusama ecosystem.
Calamari is building the future
Being an on-chain privacy platform backed by the Kusama Network, Calamari plays an important role as an early, experimental version of the Manta Network.
Manta is built for Polkadot, a Web 3.0 company that prioritizes privacy. Manta and Calamari aim to build DeFi-like blockchain applications with end-to-end privacy assurance and interoperable, easy-to-use, high-performance, auditable tools.
XCM, or cross-consensus messaging, provides privacy-preserving technologies for all connected Kusama parachains, expanding the reach and end-user options of each project.
According to the strategic plan, the next step is to implement MariPay and MariSwap to enable private transfers of parachain assets and privacy-preserving exchanges.
This will be the first privacy module connection for MoonRiver and will make the use of Calamari available on all XCM-enabled parachains. Both of these are characteristics of the calamari network.
value on-chain
- MariPay is a private payment service that enables the private transfer of Kusama’s Parachain assets, including Kusama-backed crypto-assets. Thanks to ZKP, users can exchange everyday assets such as stablecoins and wBTC while maintaining on-chain privacy.
- MariSwap is an AMM DEX that allows users to swap in parachain assets while protecting the anonymity of user addresses. MariSwap offers never-before-seen capabilities in the crypto sector, including private liquidity pools.
- The DeFi trend still has room to grow but it needs to overcome several limitations in terms of scalability and interoperability. These challenges led to the advent of Polkadot.
- The ecosystem is on a mission to tackle the vulnerabilities of previous blockchains. Moonbeam and Moonriver are two of the most outstanding ingredients on Polkadot.
- Moonriver is an Ethereum-compatible smart contract platform that aims to give an easy transfer of protocols and DApps on Kusama on Ethereum.
- MoonRiver successfully launched mainnet on Kusama last August, allowing 60 projects on Moonbeam to deploy smart contracts and unlimited dApps on the network.
- Since its launch, the number of transactions has exceeded 19 million, while unique wallets have reached 600k.
- The greater adoption of XCM is an opportunity for Kusama projects to reach this user base through integration.
better integration
MoonRiver integration lets users connect with tokens in the form of XC-20s, a special token standard that allows substrate-based tokens such as KMA to act as ERC-20 and with Ethereum-style addresses via MetaMask is used to.
Moonriver’s support for the XC-20s makes it easier for developers to build multi-chain applications that are accessible and easy to use.
As Parachains join, Moonriver Project will be able to connect cross-channel assets and messages under the shared security of the Kusama Relay Chain.
With more projects using Moonbeam’s services, the network will expand and reach more potential customers. Moonbeam is on track to achieve its goal and is supporting Polkadot’s vision of a connecting chain through the support of ETH smart contracts.