Published: 2022/04/29

Updated: 2022/04/29

Author: Casino Colada

Top Loser April 25th – Moonbeam

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The current price of Moonbeam is $3.21 USD, with a 24-hour trading volume of 71,84 million dollars. In the previous 24 hours, GLMR has dropped by -13.48 percent. It is currently trading at 3,18 USD, down 27.80% from its 7-day all-time high of 4,45 USD and up 1,20% from its 7-day all-time low of 4,45 USD. The circulating supply of GLMR is 229,42 M GLMR, with a maximum supply of 1 B GLMR.

What is Moonbeam?

Moonbeam is a smart contract technology for Ethereum that helps developers create interoperable applications. It was launched on the Polkadot chain in January 2020 and promises cross-chain interoperability between Polkadot and Ethereum. PureStake’s CEO is Derek Yoo, the company’s creator. PureStake now provides a secure and dependable public blockchain infrastructure to blockchain app developers and projects. Stefan Mehlhorn, Katie Butler, and Nate Hamilton, who represent the protocol in top positions, make up Moonbeam’s development team.

Moonbeam also allows developers to seamlessly transport Decentralized Apps (DApps) across the two networks, without any obstacles or borders. The need to change code or redeploy infrastructure is a common issue in such encounters. Developers don’t have to worry about this with Moonbeam because the network is extremely interoperable. The protocol also makes using Ethereum development tools to construct and relaunch Solidity apps a breeze.

It’s also worth noting that Moonbeam is more than simply an EVM implementation; it has a variety of other features. The Polkadot parachain has added features like on-chain governance, staking, and cross-chain integrations. Polkadot’s sharded design and security umbrella provides further scalability and security to the networks. Glimmer is its native and utility token (GLMR). Transactions are aided, security is provided, and staking-based governance decisions are made easier using the GLMR.

Why use Moonbeam? Is buying the dip worth it?

  1. Moonbeam is one of the most significant blockchain networks, providing customers with customized services. One of them is allowing developers to use the current Substrate technology, which underpins all Polkadot parachains. Below we have listed some of the reasons why Moonbeam might spike up again.
  2. Interoperability with other blockchains is critical to the network’s effectiveness. This is why its high-scale interoperability is used in the majority of its utility services to users. It presently enables EVM-compatible smart contracts built-in Ethereum’s Solidity language to move without requiring major coding modifications. This is beneficial to developers, particularly those who are unable to preserve their codes in the same format across many blockchains.

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