We are excited to breathe life into the NFT community with our artist grant initiative.
We teamed up with @TheHugxyz and @rarible to reward artists this summer.
On The Hug, โจ seven lucky artists will get the chance to win $1K each! โจ This is your opportunity to mint and showcase your work with Moonbeam on Rarible! ๐๐จ
Donโt miss out on this incredible opportunity to shine in the Web3 space! Submit your masterpieces and join our growing community of trailblazing artists. ๐๐ #NFTs #Web3 #Moonbeam #Rarible #TheHug #ArtGrant
Houdini solved the issue for private, compliant, non-custodial transactions to @Polkadot on their legacy aggregatorโand will now enable ANY token ๐ ANY chain transfers to Moonbeam in their v3.
โจ Lowest-cost โจ Fastest routing โจ Optional privacy โจ $1b in cumulative volume โจ 24/7 support
๐ช https://t.co/djRP5slE5Q The only transactional tool you'll ever need. #TransactFreely
Houdini solved the issue for private, compliant, non-custodial transactions to Cosmos on their legacy aggregatorโand will now enable ANY token ๐ ANY chain transfers to Moonbeam in their v3.
โจ Lowest-cost โจ Fastest routing โจ Optional privacy โจ $1b in cumulative volume โจ 24/7 support
๐ช https://t.co/djRP5slE5Q The only transactional tool you'll ever need. #TransactFreely
๐ญ What's a parachain, and how does it differ from a rollup? ๐ญ
Though it is cheap and fast to transact on, Moonbeam is not an L2. It's a Laye 1 blockchain, and more specifically, it's a parachain.
Much like modular blockchains or Ethereum rollups, parachains on Polkadot can have their own custom attributes.
HOWEVER
๐ฝ Unlike most Ethereum rollups (L2s), which batch transactions and send proofs to mainnet for consensus, parachains are L1 blockchains that use their own native token for both transaction fees and governance while still benefiting from Polkadot security.
๐ฝ Parachain DPoS is used to elect a set of Block Producers (community-run decentralized sequencers) that submit blocks to the Polkadot Relay Chain for a 12-second finality. Moonbeam distributes inflation-based rewards to block producers based on the blocks they produce. Now that Polkadot has async-backing, blocks are moving from 12s to 6s.
๐ฝ On the interoperability front, thanks to Polkadot's XCM (cross-consensus messaging), parachains/appchains can easily exchange information and assets with each other without relying on third parties, minimizing bridging-associated risks.
Here's where Moonbeam stands out from other parachains ๐
Coupling XCM with other GMP solutions and EVM compatibility has made Moonbeam the point of entry/exit to and from Polkadot for cross-chain activity.
Moonbeam has become the hub for liquidity thanks to MRL(Moonbeam routed liquidity), which allows users to move liquidity in and out of Polkadot with a simple 1-click experience.