The Moonbean Foundation founded the Moonriver as an alternative that supports the Etherum-compatible environment on the Kusama (KSM) network. The foundation’s vision is to build a multi-chain network that allows users to expand their network of users and markets.
Simply put, it is a decentralized smart contract platform that allows users to create smart contracts. Moonrise works similarly to its sister, Moonbeam. The only difference between the cousins is that Moonbeam is a parachain built on the Polkadot relay chain. Moonriver is built on Kusama Relay Chian.
Moonriver’s vision is to build an environment that allows users to test the code under real economic conditions. The mechanism here is:
Moreover, Mooriver eliminates the changes required to run existing Solidity smart contracts on the network. Developers only need to replicate the Dapp and it’s ready for deployment. The entire system brings ease to creating and deploying smart contracts.
Moonriver and Moonbean facilitate the process of building smart contracts by providing frameworks and tools. To achieve the objective, Moonriver provides an Ethereum Virtual Machine (EVM) environment that supports unmodified Ethereum tooling.
Further, to make the process easier, Moonriver integrated Ethereum’s Web3RPC API. This API makes the migration of existing apps smoother. Moonrivers even merged the other ERC-20 and substrate-based assets (such as DOT and KSM).
Overall, Moonriver is an entire ecosystem that provides the frameworks and toolkits to make the smart contract process easier. It’s a decentralized smart contract platform and the currency/token used in the Moonriver ecosystem is termed a Moonriver ( MOVR) token.
Let’s understand the Moonriver Token!
Moonriver (MOVR) is a utility token of the Mooriver ecosystem. It’s similar to any other blockchain token.
MOVR Token Details
According to Moonriver’s official website, MOVR token can be used for –
Moonriver is a platform that allows users to create a smart contract using pre-developed frameworks and tool kits. The goal of the company is to make smart contract creation and deployment easier.
The token used in the Moonriver ecosystem is referred to as Moonriver (MOVR). It is considered a valuable asset and has huge potential in the future.
Press Release / Santa Clara, California , Here at OnePiece Labs, we are excited to announce that starting…
Singapore, SG, 8th, May 2024 – COLLE, an innovative platform at the forefront of the digital…
[Singapore, SG, 2nd May 2024] – Colle, a leader in AI-driven NFT creation, proudly announces…
The Web3 World Consortium (W3WC) event held in Dubai marked a significant milestone in the…
Dubai, April 22nd, 2024 – The Web3 World Consortium (W3WC) event witnessed an exceptional gathering of…
Dubai, known for its innovation and forward-thinking approach, hosted the Web3 World Consortium (W3WC) event. It is…
This website uses cookies.