

TOP 10 Polkadot Parachains of 2022
Top 10 Polkadot Parachains with token listed and their service up and running In this new user
Home / Parachains / Moonbeam Network
The Moonbeam Network is a parachain that promises cross-chain interoperability between the Ethereum and Polkadot blockchains. Concreting, Moonbeam is a smart contract platform that enables developers to move dApps between the two networks without having to rewrite code or redeploy infrastructure.
The Moonbeam Network is a parachain that promises cross-chain interoperability between the Ethereum and Polkadot blockchains. Concreting, Moonbeam is a smart contract platform that enables developers to move dApps between the two networks without having to rewrite code or redeploy infrastructure.
Moonbeam aims to provide developers with the ability to port existing Ethereum dApps or create new dApps using popular Ethereum development tools
Moonbeam is an EVM compatible smart contract Polkadot parachain (L1 secured by Polkadot’s consensus).
Moonbeam is a highly specialized parachain that mirrors Ethereum’s Web3 RPC, accounts, keys, subscriptions, logs, and more. The Moonbeam platform extends the base Ethereum feature set with additional features such as on-chain governance, staking, and cross-chain integrations.
With Moonbeam we will be able to connect popular tools like MetaMask, Hardhat, Remix, Waffle, and Truffle via a set of Web3 RPC endpoints. Famous JavaScript libraries such as Web3.js or Ethers.js can also be used. Moonbeam was started by Derek Yoo of Pure stake in 2019.
Moonbeam is the parachain built with Substrate that makes the entire operation of the Moonbeam network possible. The operation of this network is made possible by the nodes software for Moonbeam, which makes possible the work of two important actors:
Glimmer (GLMR) is the utility and governance token of the Moonbeam Network with which users can participate in governance, pay transaction fees and earn rewards by providing liquidity and staking. Moonbeam is targeting a 5% annual inflation rate and as such has an unlimited supply of tokens.
Moonbeam’s reliance on Polkadot’s NPoS means that on this network, every node participating in it must stake. The system devised by the developers of Moonbeam in this case is quite curious.
First of all, there are the collector nodes or block producers. The job of these nodes is to collect user transactions and produce state transition tests to be validated. Next we have the nominating nodes, whose role is to carry out the necessary staking within the system to have the power to vote and endorse the work of the collectors. In other words, the nominators are the ones who carry out the process of consensus and validation of the work within Moonbeam.
Like any staking system, nominators must “hold” a certain number of tokens with which to earn their share of the system. At the moment, as Moonbeam is a system under development, the system’s tokenomics (token economy) has not been defined, so no staking values ​​per node or rewards per block are known.
Top 10 Polkadot Parachains with token listed and their service up and running In this new user
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