What is Moonriver (MOVR)?
Moonriver is a ETH compatible, smart contract parachain on Kusama. It is a companion network to Moonbeam (Polkadot) that provides a permanently incentivized canary network. Code can be tested on Moonriver before being deployed to Moonbeam.
Moonriver Token (MOVR) – Moonriver is powered by its utility token $MOVR. Moon river crypto is used for transaction fees, supporting gas metering, incentivizing collators, and on-chain governance.
Moonbeam Network – Moonbeam is the companion network to Moonriver. It’s a decentralized ETH-compatible smart contract platform on the Polkadot network used for the development of natively interoperable applications.
Ethereum Compatibility – SImilar to Moonbeam on Polkadot, Moon river provides an ETH compatible environment on Kusama that allows existing Solidity smart contracts to run on the network with few changes.
Interoperability – The built-in cross-blockchain networking provided by Polkadot/Kusama allows Moonriver to deliver native cross-chain integrations with other parachains connected to Kusama.
Decentralization – Moonriver provides a highly secure, permissionless, and decentralized infrastructure. It aims to maintain the decentralization standard already set by the Polkadot/Kusama Relay Chains.
WEBSITE: https://moonbeam.network/
DISCLAIMER
The contents on this site are for informational and entertainment purposes only and does not constitute financial, accounting, or legal advice. By consuming this content, you agree to hold us harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site. This page may contain affiliate links to products. We may receive a commission for purchases made through these links at no additional cost to you.