Tag: Kusama Parachain

The Moonriver crypto ecosystem is the largest and most active decentralized finance (DeFi) ecosystem on the Kusama parachain. Providing a canary network for the upcoming Polkadot Moonbeam network, Moonriver is an Ethereum-compatible smart contract development environment. Further, the project facilitates seamless interoperability with existing applications on the Kusama parachain, external blockchains, plus its companion Moonbeam network. This is thanks to Moonriver smart contracts offering extensive Ethereum development tools. Also, the native Moonriver token (MOVR) is paramount to the smooth-running operations and functions of the Moonriver crypto ecosystem. The MOVR token holds several key responsibilities offering holders the chance to participate in securing and governing the network.