Moonriver (MOVR) is a smart contract platform and parachain on Kusama, designed to provide full Ethereum compatibility. It serves as a sister network to Moonbeam, allowing developers to deploy and test decentralized applications (dApps) with lower costs and faster transactions. Moonriver supports interoperability across multiple blockchains, leveraging Kusama's scalability and security to enhance cross-chain communication and innovation.
Kalkulator Moonriver ke Rupiah (MOVR to IDR)
Konversi Harga Moonriver hari ini ke dalam Rupiah sebaliknya.
Key stats
Market Capitalization
IDR 1.281.970.167.094
Trading volume 24H
IDR 89.182.159.346
Volume / Market Cap
6,95664857382447543444 %
Fully Diluted Valuation
IDR 1.591.487.731.088
All time high
IDR 7.047.293
Circulating supply
MOVR 9.480.466
Total supply
MOVR 11.769.420
About Moonriver (MOVR)
Moonriver (MOVR) is a smart contract parachain on the Kusama network, designed as a decentralized platform to deploy Ethereum-compatible smart contracts. It acts as a sister network to Moonbeam, allowing developers to test and implement new blockchain features on Kusama before launching them on Polkadot.
Moonriver (MOVR) Working Mechanism
Moonriver operates on a Proof-of-Stake (PoS) consensus, using collators to produce blocks while validators secure the Kusama network. It supports the Ethereum Virtual Machine (EVM), enabling developers to seamlessly migrate their decentralized applications (dApps) from Ethereum to Kusama with minimal code changes.
Uniqueness of Moonriver (MOVR)
Moonriver’s primary uniqueness lies in its role as a testing ground for Moonbeam on Kusama. It provides Ethereum compatibility, supports cross-chain integration, and offers a faster, more cost-effective environment for dApp development. This makes it highly attractive for developers seeking scalability and interoperability without sacrificing Ethereum’s tools and features.
Advantages and Disadvantages of Moonriver (MOVR)
Advantages:
- Ethereum-compatible with full EVM support.
- Fast transactions and lower fees than Ethereum.
- Seamless migration for dApps from Ethereum to Kusama.
- Cross-chain interoperability through Polkadot and Kusama.
Disadvantages:
- Dependent on the success and stability of both Kusama and Polkadot.
- Limited adoption compared to major blockchains like Ethereum or Binance Smart Chain.
- Governance and upgrades can be slower due to community-based decision-making.
Features of Moonriver (MOVR)
- EVM Compatibility: Supports Ethereum’s smart contracts, tools, and frameworks.
- Cross-Chain Support: Leverages Polkadot’s relay chain to enable interoperability.
- Decentralized Governance: Community members participate in on-chain governance and decision-making.
- Developer Tools: Full support for Solidity, MetaMask, Remix, and other Ethereum development tools.
History and Development of Moonriver (MOVR)
Moonriver was launched in mid-2021 by the Moonbeam Foundation as part of its multi-chain strategy on Polkadot and Kusama. It was designed to complement Moonbeam by providing a more experimental environment on Kusama. Since its launch, Moonriver has gained popularity among developers seeking a scalable, Ethereum-compatible network with cross-chain capabilities.
How to Buy Moonriver (MOVR)
Interested in purchasing this particular crypto asset? You can buy Moonriver (MOVR) by following these steps:
- Install Nanovest app on the App Store or Play Store.
- Register according to the instructions.
- Verify your identity for security and convenience when buying crypto through the KYC feature which you can do in just 1 minute.
- Top Up your balance to your Nanovest account.
- Go to the Crypto menu, search and select Moonriver (MOVR).
- Click the Buy button and confirm the purchase with your desired amount. You can start with only IDR 5,000.
Before investing in the crypto asset, be sure to conduct research and analysis first. You can do this by checking the crypto asset profile, industry conditions, monitoring price movement trends, and observing its liquidity and trading volume. Performing this analysis is crucial so you can formulate an accurate investment strategy and minimize losses.
Is it Safe to Buy Moonriver (MOVR) on Nanovest?
Absolutely. Nanovest is supported by a number of professional partners with a strong reputation for providing quality services. One of these includes the technology backing of the S-Quantum Engine by Sinarmas Financial Services.
For global and US stocks, Nanovest collaborates with brokers registered with the Financial Industry Regulatory Authority (FINRA) in the United States – which ensures Nanovest users’ broker accounts up to US$500k by the Securities Investor Protection Corporation (SIPC) in the United States.
As for crypto assets, Nanovest is an Indonesian crypto exchange registered with the Commodity Futures Trading Regulatory Agency (Bappebti). The Nanovest platform itself is also insured through a partnership with Sinarmas Insurance.
Disclaimer
All content on this website is for informational purposes and doesn’t constitute a recommendation to buy/sell any stock or crypto. Investors should understand the nature of stocks and digital assets, including return and risk requirements of the assets. We encourage investors to fully understand the assets and risks before making any investment. Always do your own research.
See More Crypto Assets
News & Articles
