What Is Moonbeam (GLMR)?
About Moonbeam
Moonbeam is an Ethereum-compatible smart contract paradigm in Polkadot. Moonbeam makes it possible to simply use common Ethereum creator appliances to form or deploy Solidity plans in a substrate-based sphere.
Moonbeam is not just an EVM implementation: it is a specialized parachain that maps Ethereum Web3 RPCs, ledgers, sources, subscriptions, logs, and almost everything else.
The Moonbeam platform extends Ethereum’s core feature set due to the result of added capabilities such as blockchain regulation, stacking, and cross-chain integrations.
Moonbeam’s comparability with Ethereum is in no way the same:
- Last Change: Creators can instantly use existing Solidity smart contracts without having to write or reconfigure them.
- Use existing creator tools: connect common tools such as MetaMask, Hardhat, Waffle, Remix, and Truffle through a whole set of Web3 RPC endpoints. Utilize famous Javascript libraries like Web3.Js or Ethers.Js.
- Unified logs, addresses, and signatures: use existing Ethereum H160 logs and ECDSA signatures to interoperate with Moonbeam.
- Apply most of the integrations in Polkadot: Apply existing oracles, bridges, wallets, and other appliances that previously functioned with Moonbeam.
Moonbeam guarantees integration and interconnectivity among Polkadot para chains, as well as with other chains like Ethereum and Bitcoin, along with bridge support. Moonbeam was formed in 2019 by Derek Yu with Pure Stake.
The power of Polkadot
Moonbeam provides full Ethereum compatibility in a Polkadotparachain environment, so developers can continue to use the programming languages and tools they are used to, but within a fast-growing and scalable Tier 1 blockchain.
It’s also compatible with the Substrate and Polkadot ecosystem, including blockchain, wallets, parachain and more, allowing users to choose the right tools and services for the job.
See how easy it is to create and deploy Solidity projects in a Moonbeam environment powered by Substrate.
Glimmer Token
The Glimmer token is required for Moonbeam to function as a decentralized smart contract platform.
Some uses of the Glimmer token in Moonbeam include:
- Supporting gas metering for smart contracts
- Stimulating colliders and providing the mechanics to create a decentralized infrastructure of nodes on which the platform can operate
- Facilitating a governance mechanism on the chain, including proposing referendums, board elections, voting, etc.
- Payment for transactions on the network
Who are the founders of Moonbeam?
Moonbeam was formed by Derek Yu, lead chief executive of PureStake, a platform that provides a non-threatening and robust public blockchain infrastructure to blockchain application creators, plans, and companies.
Name Mehlhorn, an expert in the management and operation of early action firms, takes over as COO of Moonbeam and PureStake. Name previously worked with Samsung Pay, CandibellInc, LoopPay, Permessa, Thinking Phone Network and others.
Katie Butler and Goddess Port with PureStake are presiding over the management guidance and shaping the commercialization of Moonbeam Network accordingly.
What makes Moonbeam unique?
Moonbeam provides an Ethereum-like sphere on top of Substrate (rather than Geth-based permission).
This allows creators to simply create their own existing smart contracts, using the same devices and integrations that they previously used, but still take advantage of the current Substrate framework, in which all Polkadot partisans are built without exception.
The Moonbeam line enables the creators of smart contracts based on Solidity or Vyper to “switch to multi-chain” and increase their impact in the Polkadotecosystem.
Polkadot’s blockchain guarantees the free distribution of labor loads to the latest degree.
With Moonbeam’s support, creators can either migrate their existing EthereumDApps to Polkadot or simply form previously unknown dispersed add-ons in the absence of fair admission (dApps) using Ethereum research tools.
Moonbeam appliances guarantee the smallest change in the presence of moving external dApps among chains.
By using Moonbeam, Ethereum creators (which is the most enormous exchange among the available blockchain creators) can overcome the scalability challenges associated with the costs and limits of the Ethereum bond.
How many Moonbeam (GLMR) coins are in circulation?
Moonbeam token, known as Glimmer (GLMR), was issued as part of an individual community action called Take Flight. 100,000,000 GLMR (10% of a single size) were issued in the course of the Moonbeam Society’s action.
A total of 1,000,000,000 GLMR tokens will be issued together with a one-year economic stagnation of 5%, for this reason, the recommendation of tokens will not be cut in any way. Token sharing is done in the following way.
How is the Moonbeam network protected?
The Moonbeam plan follows the line of dispersed control. The Glimmer positive token (GLMR) will be the gateway to allow members of the bond to access relevant functions of the bond.
GLMR owners will be able to recommend referendums, cast their vote and select members of the consultation.
Display of the nominated Polkadot consensus device together with the confirmation part. Moonbeam will gain added scalability and security due to the application of Polkadot’ssharded design and unified security umbrella.
Where can I buy Moonbeam?
GLMR tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade Moonbeam is Binance, where the most active GLMR/USDT trading pair has a trading volume of $8,677,075 in the last 24 hours. Other popular options include MEXC and OrangeX.
What is Moonbeam (GLMR)’s daily trading volume?
Moonbeam (GLMR)’s trading volume in the last 24 hours was $15,753,642, up 34.60% from a day ago, indicating a recent uptick in market activity.
What is the all-time high for Moonbeam (GLMR)?
The highest price paid for Moonbeam (GLMR) is $19.50 and was recorded on January 11, 2022 (about 2 years). Comparatively, the current price is 97.74% below the all-time high.
What is the historical low for Moonbeam (GLMR)?
The lowest price paid for Moonbeam (GLMR) is $0.1605 which was recorded on September 22, 2023 (5 months). Comparatively, the current price is 174.03% higher than the all-time low price.
What is Moonbeam (GLMR)’s market capitalization?
Moonbeam (GLMR) has a market capitalization of $366,818,414 and is ranked #183 on CoinGecko today. Market capitalization is determined by multiplying the token price by the circulating supply of GLMR tokens (830 million tokens traded on the market today).
What is Moonbeam’s (GLMR) fully diluted valuation?
The fully diluted valuation (FDV) of Moonbeam (GLMR) is $486,531,880. This is a statistical representation of the maximum market value assuming there are 1.1 billion ETH tokens in circulation today.
How does Moonbeam’s price compare to its peers?
With a price increase of 11.30% over the past 7 days, Moonbeam (GLMR) is outperforming the global cryptocurrency market, which is up 5.30%, and outperforming similar Tier 1 (L1) cryptocurrencies, which are up 4.40%.