Moonbeam runs as a parachain within Polkadot's network and interacts with Ethereum. Developers can develop their own application on Moonbeam, as well as duplicate applications from Ethereum to Moonbeam.
MoreMoonbeam's blockchain is fully interoperable with Ethereum. It provides support for the Ethereum Virtual Machine (EVM) allowing developers to use all Ethereum toolings.
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Developers can create an application on Moonbeam's blockchain. Officially, Moonbeam is a parachain within the Polkadot network. Moonbeam is unique in that it offers full support to Ethereum tooling. Developers can therefore move dApps from Ethereum to Moonbeam.
The team behind Moonbeam has also ensured interoperability between other blockchains. This makes it possible to exchange assets, tokens and other data between Moonbeam and blockchains like Ethereum or Bitcoin.
The GLMR token is used to fuel Moonbeam. Smart contracts can be executed with GLMR and transaction fees can be paid with this token. GLMR also has governance functions, allowing owners to be part of the organization behind Moonbeam.