What is Moonriver?
Moonriver (MOVR) is a smart-contract parachain that is compatible with Ethereum and operates on the Kusama network. It is designed with the aim of being a companion network to Moonbeam, striving to provide a permanently incentivized canary network. This means that new code is first shipped to Moonriver, where it is tested and verified under real economic conditions before being shipped to Moonbeam on Polkadot. Moonriver achieves this by providing a full Ethereum Virtual Machine (EVM) implementation, a Web3-compatible API, and bridges that connect Moonriver to existing Ethereum networks. This allows developers to deploy existing Solidity smart contracts and DApp frontends to Moonriver with minimal changes.
How does Moonriver work?
Moonriver operates as a decentralized smart contract platform, with its utility token, MOVR, playing an important role in its functionality. The MOVR token is used to support the gas metering of smart contract execution, compensate collators, power the creation of a decentralized node infrastructure, facilitate the on-chain governance mechanism, and pay for network transaction fees. Moonriver's compatibility with Ethereum allows developers to deploy existing Solidity smart contracts and DApp frontends with minimal changes, making it a convenient platform for Ethereum developers.
Moonriver aims to provide a platform for developers to test and verify their code under real economic conditions before deploying it to Moonbeam on Polkadot. This makes it a valuable tool for developers who want to ensure the reliability and efficiency of their code. Additionally, Moonriver's compatibility with Ethereum allows developers to deploy existing Solidity smart contracts and DApp frontends with minimal changes, making it a convenient platform for Ethereum developers. The MOVR token also has various uses within the Moonriver network, including supporting the gas metering of smart contract execution, compensating collators, and facilitating the on-chain governance mechanism.
What is the history of Moonriver?
Moonriver was designed with the aim of being a companion network to Moonbeam, striving to provide a permanently incentivized canary network. The idea was to create a platform where new code could be tested and verified under real economic conditions before being deployed to Moonbeam on Polkadot. This approach aims to ensure the reliability and efficiency of the code. Moonriver operates on the Kusama network and is compatible with Ethereum, allowing developers to deploy existing Solidity smart contracts and DApp frontends with minimal changes. The MOVR token, which plays an important role in Moonriver's functionality, was introduced to support various operations within the network.
