Klever
  • Home
  • Global
  • Exchange
  • Wallet
  • Education
  • NFTs
  • Announcements
  • Opinions
  • Marketcap
No Result
View All Result
  • Login
  • Register
Klever News
  • Home
  • Global
  • Exchange
  • Wallet
  • Education
  • NFTs
  • Announcements
  • Opinions
  • Marketcap
No Result
View All Result
Klever News
Home Wallet
What is Moonriver and how to use MOVR in Klever Wallet

What is Moonriver and how to use MOVR in Klever Wallet

The current trends in the entire blockchain and cryptocurrency space require a unique methodology that would encourage the growth of the ecosystem by collaborating with one another.

by James Enajite
November 11, 2022
in Global, Wallet
Reading Time: 4 mins read
3k
A A
0
Share on FacebookShare on Twitter

This has been evident in the rate at which projects in the blockchain technology space rise to prominence because of the collaboration.

What is Moonriver?

Moonriver is a community led Parachain on the Kusama network. Moonriver is also a companion network to Moonbeam and provides a permanently incentivized canary network where new code would ship seamlessly to Moonriver first, where it can be tested and verified under real economic conditions. 

You might also like

Klever joins Web3 Domain Alliance to advance blockchain naming ecosystem

Klever joins Web3 Domain Alliance to advance blockchain naming ecosystem

February 22, 2023
7.4k
Klever Wallet: A Secure Solution for Managing Your Crypto Assets

Klever Wallet: A Secure Solution for Managing Your Crypto Assets

February 14, 2023
7.4k

Subsequently, once it is proven, the same code would eventually ship to Moonbeam on Polkadot for its potential use.


Some benefits of using Moonriver

  • Early access for experimentation: The platform creates access and uses the latest builds of Moonbeam in a live, incentivized CanaryNet environment that is connected to the Kusama MainNet. This thereby gives the users the opportunity to simulate the feasibility of the test.
  • Community driven platform: The platform is community driven and as such the community members will own a majority of the MOVR tokens on the network, giving them considerable control over the direction of the network.
  • Independent Network: It is observed that while Moonbeam code launches to Moonriver first, the network will continue to be live on as a parachain on Kusama, with its own projects and specialized use cases. This tends to give the network some level of independence and enables the users to test the efficacy of the network.

Moonriver is fully compatible with the Ethernet network, and this goes a long way to ensure an easy implementation of the cross-chain branching of the network on other similar protocols.

This is done simply by mirroring Ethereum’s Web3 RPC, accounts, keys, subscriptions, logs, and more. 

Moonriver therefore minimizes the changes required to run existing solidity smart contracts on the network. Such that Ethereum projects can replicate their DApp and deploy it to Moonbeam using Hardhat, Truffle, Remix, and other popular deployment tools.

What is MOVR Token?

Just like every project in the blockchain and cryptocurrency space, the utility token of the Moonriver network is called the MOVR token.

Moonriver provides a lot of utility as a decentralized smart contract platform, it therefore requires the MOVR token to execute all its functions and transactions efficiently.

Some of the uses of the MOVR token on Moonriver include but not limited to the following:

  •  Supporting the gas metering of smart contract execution within the ecosystem
  •  The token is used to incentivize collators and powering the mechanics around the creation of a decentralized node infrastructure on which the platform can run
  •  It is also used to facilitate the on-chain governance mechanism including proposing referenda, electing council members, voting, etc
  •  Paying for transaction fees on the network
Klever + Moonriver collaboration 

The Klever team ensures that it builds a viable and collaborative community that always has and will remain the fulcrum for the growth of the network and to a larger extent the ecosystem required, to help us deliver the look and feel of our products.

These collaborations serve as the required inputs to help navigate the direction that our developers would take to deliver the desired products. The partnership of Klever and the Moonriver team has indeed grown to a reputable proportion, and we hope to impact the entire blockchain ecosystem soon.

The Moonriver token (MOVR) integrations in the Klever Wallet (K4) makes it easier for users to carry out the following transactions:

  1. Send: Users can send MOVR tokens from one wallet to another seamlessly from the Klever Wallet.
  1. Receive: Klever Wallet can be used to receive MOVR tokens from users all over the world thereby making the transaction faster and safer into the custody of the users’ wallet.
  1. Charge: Users can also utilize the Klever Wallet to charge customers for making payment for items and transactions for small businesses in a swift and secure manner.

All these options make the Klever wallet an outstanding tool for the implementation of quick and reliable transactions which can be done in real time for the growth of the financial sector.

Tags: klever walletmovr coin
Advertisement Advertisement
Previous Post

How to stake in Klever Wallet

Next Post

Are you a Classic or Advanced trader?

James Enajite

James Enajite

A passionate lover of crypto and mankind with an active mind to create content to educate everyone within my sphere of influence. An entrepreneur with an open heart to accommodate young aspiring individuals to achieve their best in a global space.

Related Stories

Klever joins Web3 Domain Alliance to advance blockchain naming ecosystem

Klever joins Web3 Domain Alliance to advance blockchain naming ecosystem

by Klever
February 22, 2023
0
7.4k

We are excited to announce that Klever has recently joined the Web3 Domain Alliance, a group dedicated to promoting the...

Klever Wallet: A Secure Solution for Managing Your Crypto Assets

Klever Wallet: A Secure Solution for Managing Your Crypto Assets

by Isabela Bellumat
February 14, 2023
0
7.4k

With so many options available, it can be difficult to determine which wallet is the best choice for your digital...

The Rise of Decentralized Autonomous Organizations: Transforming the Future of Business and Society

The Rise of Decentralized Autonomous Organizations: Transforming the Future of Business and Society

by Warren Manuel
February 10, 2023
0
7.3k

Imagine a world where businesses and organizations operate with complete transparency, security, and autonomy. A world where intermediaries and central...

Revolutionizing Investment: Can AI be Your Next Financial Advisor?

Revolutionizing Investment: Can AI be Your Next Financial Advisor?

by Warren Manuel
February 9, 2023
0
7.3k

Investment and financial management have come a long way in the digital age. With the advent of Artificial Intelligence (AI),...

Next Post
Are you a Classic or Advanced trader?

Are you a Classic or Advanced trader?

KleverChain empowers its community

KleverChain empowers its community

Please login to join discussion
Download Klever Wallet Download Klever Wallet Download Klever Wallet
ADVERTISEMENT

Recommended

Ethereum

Coin of the Week: Ethereum (ETH)

November 14, 2021
7.5k
Tron (TRX)

Coin of the Week: Tron (TRX)

May 19, 2022
7.5k

Popular Story

  • Stand a chance to win your share of 10,000 KLV

    Stand a chance to win your share of 10,000 KLV

    8357 shares
    Share 3343 Tweet 2089
  • Test drive Klever Wallet, K5 and Win 1000 KLV & 1 KFI

    7030 shares
    Share 2812 Tweet 1758
  • Bitcoin battles back from record losses to $21,000

    5915 shares
    Share 2366 Tweet 1479
  • Klever showcases its blockchain ecosystem on a Time Square billboard

    5359 shares
    Share 2144 Tweet 1340
  • K5 adds new blockchain and KleverSafe support in the latest Android version

    5072 shares
    Share 2029 Tweet 1268

Follow us on Twitter

Klever News

Join the Klever community
Growing together we are stronger.
Be sure to follow us on social media to stay up to date.

Categories

  • Announcements
  • Coin of the Week
  • Education
  • Exchange
  • Games
  • Global
  • Hardware Wallet
  • Market Updates
  • NFTs
  • Opinions
  • Sponsored
  • Wallet
Download Klever Wallet Download Klever Wallet Download Klever Wallet
ADVERTISEMENT

Recent News

Klever joins Web3 Domain Alliance to advance blockchain naming ecosystem

Klever joins Web3 Domain Alliance to advance blockchain naming ecosystem

February 22, 2023
Klever Wallet: A Secure Solution for Managing Your Crypto Assets

Klever Wallet: A Secure Solution for Managing Your Crypto Assets

February 14, 2023
  • Sponsored Content
  • Advertise
  • Contact Us
  • RSS Feed

© 2022 Klever News - Premium Crypto news & insights by Klever Finance.

  • Login
  • Sign Up
No Result
View All Result
  • Home
  • Global
  • Exchange
  • Wallet
  • Education
  • NFTs
  • Announcements
  • Opinions
  • Marketcap

Welcome Back!

Sign In with Google
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Google
OR

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00
Go to mobile version