Meter Passport Deploys on Moonriver, with Moonbeam Deployment Later This Year

August 21, 2021

Deployment Unlocks Asset Movement Between Kusama and Ethereum, Binance Smart Chain, Polygon, and Meter.

We are ecstatic to announce that Meter is partnering with Moonbeam, the Ethereum-compatible smart contract platform on Polkadot, for the deployment of our Meter Passport bridge on Moonriver. This bridge will connect the Moonriver parachain and Kusama to Ethereum, Binance Smart Chain, Polygon, and Meter, allowing the free movement of assets across the independent networks. Meter Passport will also be deployed to Moonbeam once it launches on Polkadot later this year.

“Today’s crypto world is fast transitioning from the isolated single blockchain local network model to the interconnected heterogeneous blockchain Internet model. Smart contracts will have to scale across the blockchain boundaries. Moonriver and Moonbeam stand at the forefront of such landscape shifts in the Polkadot ecosystem. It is our great pleasure to support and provide the most smooth cross chain experience for the upcoming Moonriver and Moonbeam launch.” said Xiaohan Zhu, founder of Meter.

“In an increasingly multi-chain environment, the key challenges to overcome are connectivity and interoperability between different blockchains,” said Derek Yoo, Founder of Moonbeam. “The integration of Meter Passport provides critical transit routes to the Ethereum and BSC ecosystems. This allows users and developers the ability to work with a rich variety of assets in DeFi and other protocols that are deploying to Moonriver and Moonbeam.”

Moonriver is currently in the process of launching to Kusama, with balance transfers and a full EVM expected to be available in approximately three weeks. At that point, DApps and other projects will begin to deploy to the network.

About the Moonbeam Network

Moonbeam is an Ethereum-compatible smart contract platform on the Polkadot network that makes it easy to build natively interoperable applications. This Ethereum compatibility allows developers to deploy existing Solidity smart contracts and DApp frontends to Moonbeam with minimal changes. As a parachain on the Polkadot network, Moonbeam will benefit from the shared security of the Polkadot relay chain and integrations with other chains that are connected to Polkadot. Currently in active development by PureStake, Moonbeam is expected to reach MainNet by Q3 2021. Learn more: https://moonbeam.network/.

About Meter

Meter.io is a highly decentralized Ethereum scaling solution with a built-in metastable gas currency. It connects to Ethereum and other blockchains as a layer-two protocol and allows smart contracts to scale and communicate seamlessly through heterogeneous blockchain networks.

Meter.io is backed by Pantera Capital, DHVC, DTC Capital (Spencer Noon), GBIC, LD Capital and AU21 Capital.

Follow Meter.io on social media to learn more about the project and stay up to date about all future announcements.

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