The MoonBeam project is reportedly going to establish a custom parachain, dedicated to surpassing the Ethereum Virtual Machine environment, allowing for Polkadot-based Ether recreation. 

Specifically, developers on Polkadot and some other interoperability projects reportedly normally have to establish an entire blockchain, to support their DApps. Despite Polkadot’s Substrate framework being designed to simplify said protocol, the control level of the environment is not necessary for every DApp. 

MoonBeam reportedly has a target of functioning as a Polkadot-focused Ether emulator, operating on the same virtual environment right now facilitating every Ether-based smart contract. 

The team reportedly revealed that the development let Ether DApp developers only be able to create small adjustments to their codes, and maintain use of developer tools, such as Truffle and Metamask.

Concurrently, the Polkadot integration will reportedly enable simplified interoperability with the remainder of the Polkadot ecosystem. Different substrate modules will still be accessible, letting developers finalize on-chain governance implementation, social recovery for wallets, as well as different features with ready-made code.

The team further disclosed that MoonBeam is a smart contract platform that comes with a more reasonable cost, featuring a strong on-chain governance – usually highlighted by Polkadot co-founders as a must for blockchain systems.

MoonBeam will also have interoperability with Ethereum and Bitcoin (BTC), with the help from dedicated bridges designed by different teams. 

MoonBeam’s release time has not been finalized yet, as it needs confirmation from the live status of Polkadot’s Parachain offering auctions.