What Makes Filecoin Network Different
Moonbeam is designed to be very compatible with Ethereum. It uses the same tools and languages that developers use on Ethereum, making it easier for them to build application
Moonbeam has unified accounts, meaning it uses Ethereum-like accounts which can be accessed and managed through both Ethereum and Substrate (the technology behind Polkadot) methods. This feature allows more smooth and flexible interactions for developers and users.
Users can transfer Moonbeam’s base tokens (like GLMR and MOVR) using both Ethereum and Substrate methods. This gives users multiple ways to make transactions, either through Ethereum-centric tools like MetaMask or Substrate-centric tools like Polkadot.js Apps.
Unique Consensus & Finality:
Moonbeam uses a hybrid consensus protocol based on Delegated Proof-of-Stake (DPoS) providing deterministic finality. This means once a transaction is confirmed; it can’t be reverted, providing security and stability to the network.
Distinct Transaction Fees Models:
Moonbeam has distinct transaction fee models for Substrate and EVM layers. This feature needs to be considered by developers for calculating and keeping track of the transaction fees of their transactions.
When developing on Moonbeam, there are unique security considerations to account for, such as the existence of precompiled contracts that allow developers to access Substrate-based functionality through the Ethereum API.
Diverse Block Explorers:
Moonbeam provides different kinds of block explorers to query both the Ethereum API and the Substrate API. This allows users and developers to access a wide range of information, including transactions, contracts, and balances related to both Ethereum and Substrate.