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Moonbeam (GLMR)

An Ethereum Virtual Machine (EVM) Supporting Blockchain built on Polkadot (DOT).

Moonbeam (GLMR) Fact Sheet

  • Moonbeam is essentially a blockchain network that operates as a parachain on top of the Polkadot (DOT) network, and the main way through which it stands out when compared to others is in the fact that it is fully compatible with the Ethereum Virtual Machine (EVM).
  • This means that any Ethereum-based application can get deployed on top of Moonbeam, and the network offers numerous development features such as Solidity smart contract deployment, a Web3 compatible API, oracle data feeds as well as Ethereum network bridges.
  • The native cryptocurrency that is utilized to power all of this is the GLMR token, which is used for transaction fees, staking, governance, and liquidity mining.
  • Moonbeam consists of numerous components which make all of it work, including Polkadot, Parachains, Crowdloans, Slot Auctions, and more.
  • Moonbeam as a project emerged within the crypto sphere in January of 2020 and has the main goal in mind of facilitating cross-chain communication between the biggest blockchain networks.

GLMR Historical Data Price Chart in the U.S. Dollars (USD)

Moonbeam (GLMR) Historical Data Price Chart in the U.S. Dollars (USD). Source: TradingView

What is Moonbeam (GLMR)?

To understand what Moonbeam actually is, we need to go over Polkadot (DOT) and parachains.

Polkadot (DOT) is an open-source blockchain platform that aims to unite as well as secure a growing ecosystem of specialized blockchains, which are dubbed parachains. It allows data and value to be sent across previously incompatible networks.

Parachains are heter

Available market pairs for Moonbeam
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Moonbeam info
Last Update2/6/2023