Moonbeam Network: The Ethereum-Compatible Smart Contract Parachain

Overview:

         Moonbeam Network is a layer one blockchain that serves as a top destination for cross-chain applications. As a parachain on Polkadot, Moonbeam uses native protocols to communicate with the Polkadot “Relay Chain” and other parachains on Polkadot. It is the most Ethereum-compatible smart-contract parachain in the Polkadot ecosystem. It allows developers to port their projects with minimal to no code changes, enabling them to tap into the Polkadot ecosystem and all its assets.

Users:

         Moonbeam Network is designed for developers who are looking to leverage existing Ethereum development tools, libraries, and smart contracts. It is also suitable for users who do not want to adapt to a new structure when their existing platforms and dApps are moved to the Moonbeam network.

Goal:

         The goal of Moonbeam Network is to allow developers to test the Ethereum compatibility features of Moonbeam in a shared parachain environment without needing to run their own nodes or network. It aims to provide a bridge that connects the Ethereum and Polkadot ecosystems seamlessly.

Uses and Features:

1. Ethereum Compatibility: Moonbeam provides full Ethereum compatibility, allowing developers to leverage existing Ethereum development tools, libraries, and smart contracts.
2. Cross-Chain Communication: Moonbeam supports cross-chain communication, enabling developers to build cross-chain dApps.
3. Governance: Moonbeam uses an on-chain governance system, allowing for a stake-weighted vote on public referenda.
4. Parachain Consensus: Moonbeam is part of Polkadot's shared security model through its Nimbus consensus framework.
5. Staking: Moonbeam provides staking features where token holders delegate collator candidates with their tokens and earn rewards.

How it Works:

1. Moonbeam is a smart contract platform on the Polkadot network.
2. It provides an Ethereum-compatible environment for building decentralized applications.
3. Developers can port their projects with minimal to no code changes.
4. It uses native protocols to communicate with the Polkadot “Relay Chain” and other parachains on Polkadot.
5. It allows developers to leverage existing Ethereum development tools, libraries, and smart contracts.

Customer Companies Statistics:

1. A mind-blowing 18,864,843 unique users have connected to the Moonbeam Network.
2. The highest increase in new addresses on the Moonbeam Network took place on the 28th of April 2023, which was an astonishing 417,653 new users in a single day.
3. As of August 2023, there were a total of 1,339,929 transactions that took place.
4. A dynamic 41,165 transactions took place on Moonbeam on the 17th of September 2023, reflecting its healthy activity and utility.