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Nitish-Kumar

So transactions are getting verified by polkadot chain or GLMR?

#blockchain #cryptocurrency #english #moonbeam
0

3 ответов

14 просмотров
turrizt |NEVER DM YOU FIRST-

The main purpose of a collator is to produce blocks and support block liveness on the network. From there, collators offer up blocks to validators on the relay chain for finalization.

0
14.01.2022
Nitish-Kumar Автор вопроса

Thanks for the response. But i just need to ask why GLMR token is needed? Is it required by developers while they deploy contracts ? And also for network security?

0
14.01.2022
turrizt |NEVER DM YOU FIRST-
Nitish Kumar
Thanks for the response. But i just need to ask wh...

Moonbeam native token GLMR, should play a key role in maintaining and operating the Moonbeam network. It is expected to be used for paying transaction fees, supporting smart contract execution, incentivizing collators for producing blocks to support the networks, and facilitating Moonbeam on-chain governance mechanism

0
14.01.2022

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