Moonriver is a partner network to Moonbeam that offers a canary network that is always encouraged. The new code is initially sent to Moonriver, where it may be tested and confirmed in real-world scenarios. The identical code is sent to Moonbeam on Polkadot after it has been confirmed.
Moonriver is a Kusama-based Ethereum-compatible smart-contract para chain. It’s meant to be a companion network to Moonbeam, providing a canary network that’s always encouraged. The new code will first be sent to Moonriver, where it will be tested and confirmed under real-world economic settings. The identical code will be sent to Moonbeam on Polkadot after it has been confirmed.
Moonriver does this by offering a complete EVM implementation, a Web3-compatible API, and bridges to existing Ethereum networks.
This enables developers to easily migrate existing Solidity smart contracts and DApp frontends to Moonriver.
What is Moonriver [MOVR]?
Moonriver requires a utility token to function as a decentralized smart contract platform. MOVR is an integral part of Moonriver’s design and cannot be removed without jeopardizing the game’s operation. The Moonriver token can be used for a variety of things.
- Supporting smart contract execution gas metering
- Providing incentives for collators and enabling the establishment of a decentralized node infrastructure on which the platform may function
- Proposing referenda, choosing council members, voting, and other aspects of the on-chain governance system will be made easier.
- Network transaction fees must be paid.
Who Are the Founders of Moonriver [MOVR]?
PureStake – An Infrastructure-as-a-Service to crypto applications and Verification Service for PoS Polkadot and Algorand – created the Moonbeam and Moonriver networks. Both are being created by the same team and foundation.
Derek Yoo, Founder, and CEO: He was formerly the CEO of PureStake and the CTO and CPO of Fuse, a worldwide cloud communications and collaboration software platform for organizations.
Stefan Mehlhorn, Chief Operating Officer, holds a master’s degree in computer science. Stefan formerly worked at Samsung Pay as the Head of Technology Operations.
Alan Sapède, VP of Blockchain Engineering: Alan worked at Google for two years as a Software Engineer.
Moonbeam received $6 million in a strategic round. CoinFund was the lead investor, although Binance Labs, ParaFi, Coinbase Ventures, Fenbushi Capital, and IOSG Ventures all contributed.
What Makes Moonriver Unique?
Moonriver provides a platform for testing new programs in real-world scenarios. Moonriver receives a new code first, so it may be checked and confirmed. The identical code is sent to Moonbeam on Polkadot after it has been confirmed.
Moonriver will keep on flourishing as a parachain on Kusama, with its own projects and unique use cases, even though it will share most of its software with Moonbeam once they’re both launched.
Moonriver was added to the Kusama network as a parachain in August 2021.
Moonriver is a straightforward path to Kusama Relay Chain. It provides teams and developers who are familiar with Ethereum with easy access to the Kusama Network. It reduces the amount of effort necessary to operate Solidity smart contracts on the network. As a result, Ethereum projects may easily copy their DApps and distribute them to Moonriver using common deployment tools.
Where Can You Buy Moonriver [MOVR]?
The best cryptocurrency platforms for trading Moonriver stock are presently Binance, OKEx, KuCoin, Bitget, and Gate.io.
Frequently Asked Questions
What are the MOVR tokenomics?
When the Moonriver Network starts, there will be a total quantity of 10 million MOVR tokens with a 5% annual inflation rate.
Are there any quick ways to buy Moonriver [MOVR] in Europe?
Yes, in reality, Europe is one of the easiest countries to acquire cryptocurrency in general. There are also online banks where you can create an account and send funds to exchanges like Coinbase and Uphold.
On what factors does the price of Moonriver [MOVR] Depend?
Exchange inflows and outflows, technical and fundamental changes, the news cycle, and the overall economic climate are all variables that impact MOVR price and market cap.
Moonriver Official website – https://moonbeam.foundation/
Moonriver Twitter – https://twitter.com/MoonriverNW
Moonriver Medium – https://medium.com/Moonriver-network
Moonriver Reddit – https://reddit.com/r/moonbeam