What is Moonriver (movr)?

What is Moonriver? (MOVR) The Moonbeam Foundation created Moonriver to be an Ethereum-compatible blockchain environment on the Kusama (KSM) network. Moonriver is intended to operate on Kusama as a parachain, helping crypto projects expand their reach to new users and markets with a multi-chain approach.

How does Moonriver work on Polkadot?

Moonriver is intended to function as the “canary network” for Moonbeam on Polkadot, meaning that new code would ship to Moonriver first, where it can be tested and verified under real economic conditions, before being shipped on Moonbeam.

What is Moonriver's native cryptocurrency?

Moonriver’s native cryptocurrency, MOVR, should play a key role in maintaining and operating the Moonriver network. It is expected to be used for paying transaction fees, supporting smart contract execution, incentivizing collators for producing blocks to support the network, and facilitating Moonriver’s on-chain governance mechanism.

How does Moonriver work on Kusama?

Moonriver is intended to operate on Kusama as a parachain, helping crypto projects expand their reach to new users and markets with a multi-chain approach. On Kusama, parachains are custom blockchains that feed into the main blockchain and heart of the Kusama network, called the Relay Chain.