### What is Moonbeam?

Moonbeam is an Ethereum-compatible smart contract platform built on the Polkadot network. It aims to enhance the developer experience by offering complete Ethereum compatibility, while leveraging Polkadot's scalability, multi-chain integrations, and on-chain governance. This enables developers to deploy existing Solidity projects in a Substrate-based environment with minimal modifications.

### How does Moonbeam work?

Moonbeam utilizes Polkadot's Substrate framework to create a smart contract parachain. It supports the Ethereum Virtual Machine (EVM), allowing smart contracts and DApps from Ethereum to be deployed seamlessly. The platform operates on a Delegated Proof-of-Stake (DPoS) consensus mechanism, which empowers token holders to participate actively in the network's governance. Additionally, Moonbeam enables cross-chain interoperability through Cross-Consensus Messaging (XCM) to facilitate communication with different blockchains on the Polkadot network.

### What are the potential use cases for Moonbeam?

Moonbeam's potential use cases include:

- **Cross-chain interoperability**: Facilitates seamless communication and transactions across different blockchains.
- **Ethereum-compatible smart contracts**: Allows for the migration and deployment of Ethereum smart contracts with minimal changes.
- **Decentralised Finance (DeFi)**: Powers robust DeFi applications, enhancing user access to financial services.
- **NFTs**: Supports NFT minting, trading, and management, enabling the growth of digital art and unique assets.
- **Gaming**: Utilizes cross-chain features for improved gaming experiences and development.
- **Real-World Assets (RWAs)**: Enables tokenization and management of real-world assets like real estate.
- **Decentralised Physical Infrastructure Networks (DePIN)**: Provides infrastructure support through decentralization.

### What is the history of Moonbeam?

Moonbeam was founded by Derek Yoo and Stefan Mehlhorn under PureStake, a company established in 2018. The development of Moonbeam began in 2020, supported by a grant from the Web3 Foundation. Moonbeam launched its testnet in September 2020 and secured a Polkadot parachain slot in November 2021. The network went live on Polkadot on January 11, 2022, and has since evolved with significant technological advancements such as a software development kit (SDK) for cross-chain interactions and substantial growth in its ecosystem of decentralised applications.

Glimmer

Solana

Tron

Algorand

KAIA

Pyth Network

Conflux

Mina Protocol

Kusama

Astar

Qtum

Nervos Network

Kadena

Harmony

Lisk

Ontology Gas

Moonriver

Glimmer (GLMR)

Similar Coins

SOL

TRX

ALGO

KAIA

NEO

PYTH

CFX

MINA

KSM

ASTR

QTUM

CKB

XEM

KDA

ONE

LSK

IQ

ONG

MOVR

Resources

Glimmer (GLMR) Price Index

Glimmer Price

Trading volume

Market cap

Resources