The launch makes Moonbeam the first fully operational parachain on the Polkadot network.
on Tuesday, the project’s team noted that Moonbeam is the first fully operational parachain on the Polkadot blockchain. With the release, the protocol will pave the way for over 80 projects in its ecosystem to be deployed.the second Polkadot Parachain Auction after seeing over 35 million DOT worth more than $1.4 billion contributed by its supporters from across the globe.
Per the announcement, Moonbeam removed the superuser key, Sudo, during its last launch phase. As a result, the control of the network will now be transferred to the token holders.Additionally, Moonbeam has also enabled balance transfers and Ethereum Virtual Machine on its platform. The balance transfer will allow users to stake and start claiming rewards from the crowd loan.
Following the launch, GLMR token holders can stake with collectors, claim crowdloan rewards, and serve as active network members by participating in the on-chain governance system.
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