What is Moonriver (MOVR)? A Beginner’s Guide
Moonriver $MOVR
is an Ethereum-compatible blockchain built on the Kusama (KSM) network by the Moonbeam Foundation. As a parachain on Kusama, Moonriver benefits from Kusama’s shared security and transaction settlements through the Relay Chain.
Key Points:
Purpose: To provide a smart contract platform compatible with Ethereum.
Role: Acts as a "canary network" for Moonbeam on Polkadot, testing new code in real economic conditions.
MOVR Utility: Used for transaction fees, smart contract execution, incentivizing block producers, and on-chain governance.
MOVR tokens will be airdropped to community members who vote for Moonriver in Kusama’s Parachain Auction using their KSM.
Stay updated on Moonriver for more developments in multi-chain blockchain environments!