There's a lot of confusion out there about what makes a dynamic microphone different from a condenser. I get emails about this almost every week. The short version: dynamic mics use a moving coil attached to a diaphragm. No phantom power needed. You can drop them, use them in humid environments, point them at a 120dB guitar cabinet. They just keep working.
I want to walk through some of what I've learned over the years, including some mistakes I made early on that cost me time and money.
Moving Coil Design
Uses a moving coil attached to a diaphragm for sound capture
No Phantom Power
Completely passive operation, no external power required
Extremely Durable
Can handle drops, humidity, and extreme SPL levels