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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.
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Frequently Asked Questions (FAQs)
What is the current price of Glimmer (GLMR)?
The Glimmer price is $0.42060694 AUD, representing a -0.56% from the day prior.
Where is the best place to buy Glimmer (GLMR) in Australia?
The best place to buy Glimmer (GLMR) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Glimmer (GLMR) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Glimmer (GLMR)?
The trading volume of Glimmer (GLMR) is $20.0M AUD in the last 24hrs, representing a -0.56% from the day prior.
How can I buy Glimmer (GLMR)?
Glimmer (GLMR) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Glimmer (GLMR)?
The current market cap of Glimmer (GLMR) is $391.1M AUD.
Can I convert Glimmer (GLMR) to cash?
Yes - With Coinstash you can convert your Glimmer (GLMR) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Glimmer (GLMR) are there?
The current circulating supply of Glimmer (GLMR) is 932.7M.
Is Coinstash a safe place to buy Glimmer (GLMR) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Glimmer (GLMR) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.