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Moonbeam (GLMR)
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Moonbeam is a groundbreaking Polkadot parachain that acts as a seamless gateway to Web3, enabling developers and entrepreneurs to effortlessly build decentralized applications (dApps). It mirrors Ethereum's Web3 RPC and enhances it with specialized features like on-chain governance, staking, and robust cross-chain integrations, making it ideal for a variety of applications. With a strong focus on interoperability, the platform simplifies interactions across multiple blockchains, facilitating various use cases, including Real World Assets (RWAs), gaming, and decentralized finance (DeFi). Currently, over 200 applications are thriving on the Moonbeam network, showcasing its capability to provide a fast, reliable, and efficient user experience. The platform stands out for its commitment to security, demonstrated through comprehensive audits and the active engagement of a strong developer community. Furthermore, Moonbeam supports innovators with a dedicated $10 million fund, inclusive grant programs, and expert resources, allowing businesses to scale effectively. As users explore the limitless potential of the metaverse and beyond, Moonbeam serves as a critical tool that combines the familiar Ethereum ecosystem with the innovative features of Polkadot's architecture. With extensive tutorials and integration options available, Moonbeam is positioned as a popular choice for users and developers navigating the evolving landscape of blockchain technology.
Moonbeam is an EVM-compatible smart contract platform on the Polkadot network, enabling developers to deploy existing Ethereum dApps with minimal changes and facilitating cross-chain interoperability.
If we consider Polkadot a Layer-0, then Moonbeam is a Layer-1 parachain on the Polkadot Network that brings EVM-compatibility to Polkadot.
GLMR tokens are available for purchase on various cryptocurrency exchanges, including Binance, Kraken, HTX, OKX, and KuCoin.
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GLMR tokens can be stored in wallets that support Polkadot-based assets, such as Talisman, Subwallet, or MetaMask (configured to support the network).
To add Moonbeam to MetaMask, go to "Add network" and enter the following network details. Network Name: Moonbeam; RPC URL: https://rpc.api.moonbeam.network; Chain ID: 1284; Symbol: GLMR; Block Explorer: https://moonscan.io/
Moonbeam mirrors Ethereum's Web3 RPC, accounts, keys, subscriptions, and logs, allowing developers to use existing Ethereum tools and dApp front-ends with minimal modifications.
The GLMR token is used for paying transaction fees, staking to support network security, and participating in governance decisions on the Moonbeam platform.
As a parachain on Polkadot, Moonbeam leverages Polkadot's cross-chain messaging capabilities, enabling seamless communication and asset transfers between different blockchains.
Deploying dApps on Moonbeam offers benefits such as lower transaction fees, enhanced scalability, and access to Polkadot's growing ecosystem, all while maintaining Ethereum compatibility.
Users can stake their GLMR tokens by delegating them to collators (network validators) to help secure the network. In return, they earn staking rewards proportional to their stake.
The Moonbeam Foundation is dedicated to promoting the growth and sustainability of the Moonbeam and Moonriver networks through community programs and software development.
Developers can begin by exploring Moonbeam's official documentation, which provides comprehensive guides and tutorials for building and deploying dApps on the platform.