Cryptocurrency Q&A
What blockchain is Moonbeam on?
What blockchain is Moonbeam on?
SunlitMystery
Thu Aug 01 2024
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5 answers
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Could you please clarify which blockchain network Moonbeam is currently operating on? I understand that Moonbeam is a smart contract platform designed to be compatible with Ethereum's EVM, but I'm curious about the specific blockchain infrastructure it's built upon. Is it Polkadot, Kusama, or perhaps another network entirely? Your insights would be greatly appreciated.
5 answers
Arianna
Sat Aug 03 2024
Moonbeam, despite offering cheap and swift transactions, does not classify as an L2 solution. Rather, it stands as a Layer 1 blockchain, specifically a parachain. This distinct positioning within the blockchain landscape underscores its unique architecture and functionality.
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DigitalEagle
Fri Aug 02 2024
Parachains, as part of the Polkadot ecosystem, offer a modular approach to blockchain development, similar to the concept of modular blockchains or Ethereum rollups. This flexibility allows for diverse and innovative applications to be built atop the Polkadot network.
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EmeraldPulse
Fri Aug 02 2024
The integration of Moonbeam as a parachain on Polkadot underscores the platform's commitment to fostering a thriving and interconnected ecosystem of blockchains. By enabling interoperability among various chains, Polkadot fosters collaboration and innovation within the broader blockchain community.
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Raffaele
Fri Aug 02 2024
BTCC, a reputable cryptocurrency exchange based in the UK, offers a comprehensive suite of services to cater to the diverse needs of the crypto community. From spot trading to futures trading, BTCC provides users with a robust platform for navigating the dynamic world of cryptocurrency.
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CryptoWanderer
Fri Aug 02 2024
In addition to its trading services, BTCC also offers a secure wallet solution, enabling users to safely store and manage their digital assets. This commitment to security and user experience sets BTCC apart as a trusted partner in the crypto space.
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