As Polkadot inches closer towards its first parachain auction, Moonbeam, one of the fastest-growing parachains on the Polkadot network, is already on a winning spree. Launched in 2020, Moonbeam first deployed its canary network Moonriver on Kusama, Polkadot’s canary network, in June 2021, with Moonbeam set to deploy on Polkadot later this year.
Since its launch, Moonbeam has positioned itself as an “Ethereum-compatible smart contract parachain on Polkadot” by offering dApp developers access to a fully Ethereum-compatible smart contract parachain on Polkadot. With Moonbeam, dApp developers get a similar experience as Ethereum without sacrificing Polkadot’s valuable functionalities.
This means that developers can run contracts in Ethereum’s Solidity code on Polkadot without implementing major changes in existing code. Moreover, they can apply existing Ethereum-compatible tools while leveraging Polkadot-specific features such as on-chain governance, cross-chain integration, faster throughputs, and low transaction costs.
