Moonbeam update: GLMR Live price, price chart, news and markets

Moonbeam is an innovative smart contract platform that offers compatibility with Ethereum. It is equipped with an EVM implementation and a Web3-compatible API, enabling developers to easily deploy existing Solidity smart contracts and DApp frontends to Moonbeam with utmost convenience. As a parachain on the Polkadot network, Moonbeam leverages the shared security of the Polkadot relay chain and seamlessly integrates with other chains connected to Polkadot.

Moonbeam, developed using the Substrate blockchain framework, is a cutting-edge smart contract platform. Created by PureStake, a renowned development company that has also built developer tools for Algorand and operates Polkadot validators, Moonbeam's development journey began in early 2020. The Moonbeam Foundation extends its support for the network, ensuring its continuous growth and success.

Within the Moonbeam family, there are currently three distinct networks. While Moonbeam is designed to be the EVM compatible parachain within the Polkadot ecosystem, its sister network, Moonriver, was launched as a parachain on Kusama in June 2021. Both Moonbeam and Moonriver share almost identical underlying technology, with Moonriver potentially receiving new features before they are deployed to Moonbeam. Moreover, both networks rely on the Moonrock testnet to ensure optimal performance and efficiency.

Since its testnet launch in September 2020, Moonbeam has garnered significant attention from various projects aiming to build on its powerful infrastructure. Noteworthy partnerships include collaborations with industry leaders such as Linear Finance, Sushi, Injective Protocol, and Bet Protocol, highlighting Moonbeam's growing influence and attractiveness within the blockchain space.

The eagerly awaited full launch of the Moonbeam mainnet is scheduled for mid January 2022, marking a significant milestone in Moonbeam's journey towards revolutionizing the smart contract landscape.

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