Entries by Derek Yoo

A Look at Our Seed Financing for Moonbeam

We have just announced a seed financing round for our project, Moonbeam: $1.4 million from many of the most prominent venture capital firms in the blockchain industry. It’s a big milestone for us, but I’d like to take a moment to pause and explain how this fits into our overall vision for the project. We […]

Moonbeam Monthly Dispatch: August 2020

Just as was the case in June, we have been primarily focused on implementation in the month of July. Web3 Foundation Grant Award Earlier this week, we announced that the Web3 Foundation had approved our work on a Web3-compatible RPC library and awarded us a grant. This RPC implementation is what allows developers to run […]

The Importance of UX in Crypto End User Adoption

User experience (UX) in crypto products is generally poor for a simple reason: there simply isn’t that much investment going into it. Investment goes mostly into cryptography and technical research and backend engineering. Even front ends for blockchain based applications are often “just enough to get the job done.” I start with this observation because […]

Moonbeam Monthly Dispatch: July 2020

The month of June was implementation-focused for the Moonbeam project. There was a lot of activity in the Parity Frontier repo — including some contributions from the Moonbeam team — on the implementation of the Web3 RPC endpoints. This is a necessary component to enable Moonbeam’s Ethereum compatibility features. We will be working on wrapping […]

Wheels on Luggage: Crypto Mass Adoption is Not a Technology Problem

Why isn’t broader crypto mass adoption happening? At some point, everyone working in the crypto space has asked themselves why mass adoption hasn’t happened. Some common assumptions for why this is the case are that the technology is not mature enough, that it isn’t scalable enough, and that the dev tools are so much worse […]

Multi-Chain as a Scalability Strategy: Leveraging Moonbeam for Ethereum-Based Deployments

In the past few months, we’ve received a number of questions about our relationship with Ethereum. I’d like to clarify something: Moonbeam is designed to complement and extend existing Ethereum-based deployments, not to compete with Ethereum. In a multi-chain future, Ethereum will continue to occupy a central position, particularly around DeFi and related use cases. […]

How Spaghetti Sauce Can Help Us Identify the Best Blockchain

I heard Malcolm Gladwell tell a story about spaghetti sauce in a TED talk back in 2004 and it’s one of those stories that has stuck with me and that I still think about from time to time. The story has become somewhat well known to marketeers who are drawn to its conclusions about horizontal […]

Moonbeam Monthly Dispatch: June 2020

Since announcing the project at the end of April at Sub0 (talk can be found here), we have been coding. We made the Moonbeam repo public and you can visit it here. We now have foundational elements in place including a Dockerized GitLab-based CI for automated builds that will help us ensure quality in the […]

Moonbeam: A Smart Contract Parachain with Ethereum Compatibility

We announced Moonbeam today, a smart contract platform that provides a scalable and accessible alternative to other developer platform options. Moonbeam aims to provide developers with the ability to port existing Ethereum DApps or to create new DApps using familiar Ethereum development tools. This will substantially decrease the barrier to entry for successful Ethereum DApps […]