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GLMR Is Getting A Lot of Attention From Investors - Here's Why

Moonbeam is a promising platform in the crypto sphere. It has a strong team and a clear roadmap to take it to the next level. Currently, one Moonbeam is trading at $4.9424 with a market cap of 0.06952. However, the figures are bound to fluctuate, as the crypto world is always volatile. Besides, it has an integration protocol that allows different blockchains to interact. But, why is Moonbeam and GLMR getting a lot of attention from investors?

GLMR Is Getting A Lot of Attention From Investors - Here's Why

Cross-Chain Integrations

Moonbeam is a cross-chain integration protocol that allows different blockchains to interact. The currency is great for developers and traders. As it lets them create decentralized applications using the blockchain's data in combination with their datasets from off-chain servers. In other words, Moonbeam will allow people to use different blockchains, using an API and SDK to connect them.

Blockchain as a Service (BaaS)

Another important thing worth mentioning about Moonbeam is that the currency (GLMR) will set up blockchain as a service. This means it would be catering specifically to developers. It offers tools and building blocks for those who want to create their projects on top of it. The currency can make any blockchain project easier. Moonbeam acts as a universal linking method between blockchains.

Substrate Compatibility

Moonbeam is compatible with the substrate, a framework created by Peter Borah to create blockchains easily. This means the cryptocurrency can be ported to any substrate-supported blockchain. Thus, developers will be able to take advantage of Moonbeam in their projects. The blockchains compatible with Moonbeam include Ethereum, NEO, Cardano, Qtum, Lisk, Waves, Orbs, and EOS.

Web3 API Compatibility

Additionally, Moonbeam is compatible with the web3 API. The cryptocurrency has been designed to bridge the gap between different devices and blockchains. It does this by being a blockchain-agnostic protocol that smart contracts can communicate with. By itself, Moonbeam is not a blockchain, so any project built on top of it will have to use its blockchain.

Reduced Transaction Fees

Transaction fees have been a hot topic in the cryptocurrency world lately. Moonbeam has a solution for this as well. Even though the price of Moonbeam does fluctuate, it's stabilizing fast. However, keep in mind that it's in the early stages. As the currency is compatible with the ERC20 protocol's standards, it can be used by all dapps using those standards.

This would allow developers to integrate Moonbeam into their applications. Thus, making it possible for users of those dapps to trade cryptocurrencies with each other without paying transaction fees.

Moonbeam is a prominent cryptocurrency that can bring blockchain technology to its primary application in decentralized trading. GLMR has been getting a lot of attention from investors and traders lately, as they see potential in the currency's ability to be used as an intermediary between various blockchains.

Due to the Moonbeam API, you can integrate the currency into multiple projects and decentralized apps already popular, such as eBay and Craigslist. It brings blockchain technology to a much wider audience than just cryptocurrency traders and developers. Thereby making Moonbeam GLMR one of the most promising currencies.

Instant Messaging

The Moonbeam network is an open-source project which relies on microtransaction channels. It has been created with instant messaging in mind, allowing users to send small transactions quickly and safely. Most cryptocurrencies do not do this because they usually rely on mining that consumes a lot of electricity. So, instant messaging is a natural use case for Moonbeam.

Moonbeam Comes With A Pre-Built Wallet

GLMR cryptocurrency has been designed to be as user-friendly as possible. This is why it comes with a pre-built wallet that anyone can install on any mobile phone. This way, anyone can offer instant transactions using the Moonbeam protocol without prior knowledge of blockchain.

Instant Cross-Chain Transactions

Moonbeam is a cross-chain integration protocol that can quickly enable instant transactions between blockchains based on the microtransaction protocol. The latter is envisioned to provide fast and low-cost transactions with less powerful devices using full nodes in any public or private blockchain.

EVM Compatibility

Moonbeam is also compatible with the Ethereum Virtual Machine. This means that dapps created for web3.js can be easily ported to Moonbeam due to its compatibility with web3 API and substrate compatibility. This will open up a whole new world of possibilities for decentralized applications. Now, they can now use other blockchains alongside those provided by substrate. This makes Moonbeam a reliable and popular coin, as there is no need to create specific dapps for each blockchain anymore.

A Broad And Growing Ecosystem

Moonbeam offers developers an opportunity to create dapps for various blockchains with its unique API. There are many different types of blockchain projects, each with its computability means; having one universal API is a big deal. Moonbeam will allow people to create decentralized applications that run on any substrate-supported blockchain.

First Mover Advantage

As Moonbeam is the first cryptocurrency to offer blockchain as a service, it is poised for great success. While many other coins provide similar solutions, none were created with this kind of application in mind. As the world is shifting towards decentralization and transparency, people will need tools to help them become better with these concepts. It is where Moonbeam steps in, offering an all-in-one solution for blockchain services.

Moonbeam allows people to quickly integrate their blockchains into various decentralized apps, and dapps are already popular. It will lead to increased adoption of blockchain technology, which could also drive up the currency's price. GLMR is currently available on several exchanges, including Upbit and Coin Exchange.

Familiar Smart Contract Languages

Moonbeam smart contracts are written in Solidity, the industry standard for building smart contracts. This makes it easier than ever for developers to build dapps on top of substrate-supported blockchains. Especially as they will be familiar with a popular smart contract language that they can use to transfer information between different chains.

It allows Moonbeam to become one of the most widely used cryptocurrencies, even though it is still in its early stages. Although Moonbeam has not seen significant price fluctuations, this could change soon.

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Moonbeam is a cryptocurrency with many features that make it unique and desirable. Not only does it have an API that makes it easy to integrate into various decentralized applications, but its compatibility with the Ethereum Virtual Machine also allows for a broad range of uses. Additionally, Moonbeam offers developers familiar smart contract languages, making it easier than ever to build dapps on top of substrate-supported blockchains. These features are what make Moonbeam draw the attention of many investors.

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