How to buy Moonbeam

How to buy Moonbeam

Moonbeam: What is it

The utility currency of Moonbeam, a parachain based on the Polkadot network, is called Glimmer. Its goal is to give Polkadot and other Ethereum-based networks Ethereum’s capabilities. The sheer breadth of features that Moonbeam offers sets it apart from competing goods.

A complete Ethereum Virtual Machine (EVM) implementation system, a Web3-compliant API, and bridges are all provided by the network to connect it to other networks. By using this technique, the costs involved in creating the tools required to link dissimilar blockchains are significantly reduced, enabling anyone to start creating connections across everything from Bitcoin to Ethereum to Polkadot. One of the most crucial areas of blockchain technology is interoperability, and Moonbeam is one of the most creative companies tackling it.

Particularly noteworthy is the Moonbeam development team. PureStake, a blockchain infrastructure developer with a track record in the cryptocurrency industry before Moonbeam began its development, founded the Boston-based business. They were able to win over other parachains to be listed on the Polkadot network late last year after securing a remarkable $7.4 million in funding from VCs and other sources to launch and develop the project.

The team behind Glimmer & Moonbeam stands out in a market rife with swindlers thanks to their professionalism and reputation for integrity.

Moonbeam has a lot of promise for developers trying to create DeFi technologies as a platform to link various blockchain networks. Before the avalanche of DeFi tools that were developed during the summer of 2021, Equilibrium linked its stable coin, pegged to the US dollar, with the network as early as December 2020.

Moonbeam, a Polkadot parachain that was founded in 2019, allows for the onboarding of smart contracts that are based on the Ethereum (Solidity) platform.

This implies that Solidity-based smart contracts created for Ethereum do not require modification to function on Moonbeam. This is promoted as the “easiest path to multi-chain” — a claim that developers find appealing because multi-chain means a larger audience for their apps.

A smart contract solution that is compatible with Ethereum will be more easier and quicker to adopt, according to Moonbeam. Additionally, developers can still combine these smart contracts with other chains and benefit from Polkadot-based network effects by developing them on Moonbeam.

Over 30 people make up the Moonbeam team, which brings a lot of experience to the table. CEO Derek Yoo is in charge of operations. Visit our Investing in Moombeam guide to find out more.

Can I Make Money Investing in Moonbeam

Since Moonbeam’s debut, its price has been stagnant. While its adherents have high hopes for it, it now faces the same challenges as other altcoins with significant usefulness do in a crowded market.

Even if most people are unaware of the specifics of Moonbeam’s technology, its potential as a platform makes it stand out from most of its rivals. Investors who are already familiar with cryptocurrency technology and the wider crypto market should learn more about Glimmer and the Moonbeam network; its capacity to connect the various yet well-known crypto networks offers tremendous promise for developers in the space.

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