Moonriver Completes 1st Phase Of The Parachain Launch Process On Kusama.

Moonriver has completed Phase 1 of its five-phase launch process. Moonriver has now officially entered Phase 2, during which the network will enable on-chain governance.

During Phase 2, several technology-related updates will take place. The staking functionality is now enabled on Moonriver, and the Moonbeam team has also maintained compatibility with the most recent versions of the Kusama relay chain. Moonriver’s launch was enabled by a community-focused crowdloan hosted by the Moonbeam Foundation, which received over 200,000 KSM from around 6,000 contributors across the globe.

About Moonbeam Network

Moonbeam is an Ethereum-compatible smart contract platform on the Polkadot network that makes it easy to build natively interoperable applications. This Ethereum compatibility allows developers to deploy existing Solidity smart contracts and DApp frontends to Moonbeam with minimal changes. As a parachain on the Polkadot network, Moonbeam will benefit from the shared security of the Polkadot relay chain and integrations with other chains that are connected to Polkadot.

About PureStake

PureStake’s team has extensive experience building technology companies and complex software platforms. Led by Derek Yoo, former Fuze Founder, and CTO, PureStake provides protocol implementation services and creates developer tools for next-generation blockchain networks.

➡️Source:
https://moonbeam.network/announcements/moonriver-launch-kusama-phase-two/