What Is Moonbeam (GLMR)? | CoinMarketCap

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What Is Moonbeam (GLMR)? | CoinMarketCap
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The first fully operational parachain on Polkadot went live on Jan. 11, bringing EVM compatibility closer to the Polkadot network. Learn more about Moonbeam and its native token — GLMR, on CMCAlexandria

There are several competing visions for blockchain’s future, each with its own strengths and weaknesses. Some suggest the world wide web will run from one enormous blockchain; others envision a global network comprising thousands of independent blockchains, each with its own features and specialties.

That is to say, sovereign blockchains must be able to communicate and exchange information with many other blockchains quickly and easily, a technical development which hasn’t been fully realized. Following the grant and vote of confidence from the Web3 foundation, Moonbeam launched its Testnet in September 2020. The launch was a triumph, but Moonbeam didn’t fully break into its stride until November 2021, when the network secured a Polkadot parachain slot.

Parachains are unified by a single chain in the centre of the network, called the relay chain. All the parachains, including Moonbeam, run in parallel to, and link in with, the relay chain, as well as all the other parachains. That is to say, by operating as a parachain, Moonbeam can work alongside, collaborate with, and benefit from a much wider and more diverse community that it could elsewhere.As discussed earlier, interoperability is the mountain standing between where we are now and where we hope to get to; a free web which relies on decentralized, blockchain-based systems rather than monopolized, centrally controlled networks.

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