What is Moonriver (MOVR)? | Moonriver Crypto Explained in Under 60 Seconds

Moonriver is a ETH compatible, smart contract parachain on Kusama. It is a companion network to Moonbeam (Polkadot) that provides a permanently incentivized canary network. Code can be tested on Moonriver before being deployed to Moonbeam.

Moonriver Token (MOVR) - Moonriver is powered by its utility token $MOVR. Moon river crypto is used for transaction fees, supporting gas metering, incentivizing collators, and on-chain governance.

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Moonbeam Network - Moonbeam is the companion network to Moonriver. It’s a decentralized ETH-compatible smart contract platform on the Polkadot network used for the development of natively interoperable applications.

Ethereum Compatibility - SImilar to Moonbeam on Polkadot, Moon river provides an ETH compatible environment on Kusama that allows existing Solidity smart contracts to run on the network with few changes.

Interoperability - The built-in cross-blockchain networking provided by Polkadot/Kusama allows Moonriver to deliver native cross-chain integrations with other parachains connected to Kusama.

Decentralization - Moonriver provides a highly secure, permissionless, and decentralized infrastructure. It aims to maintain the decentralization standard already set by the Polkadot/Kusama Relay Chains.

WEBSITE: https://moonbeam.network/