If a regular graph of degree $k$ and diameter $d$ has $v$ vertices then $$v\le 1+k+k(k-1)+\dots+k(k-1)^{d-1}.$$ Graphs with $v=1+k+k(k-1)+\dots+k(k-1)^{d-1}$ are called Moore graphs. Damerell proved that a Moore graph of degree $k\ge 3$ has diameter $2$. If $Γ$ is a Moore graph of diameter $2$, then $v=k^2+1$, $Γ$ is strongly regular with $λ=0$ and $μ=1$, and one of the following statements holds{\rm:} $k=2$ and $Γ$ is the pentagon, $k=3$ and $Γ$ is the Petersen graph, $k=7$ and $Γ$ is the Hoffman-Singleton graph, or $k=57$. The existence of a Moore graph of degree $57$ was unknown. Jurishich and Vidali have proved that the existence of a Moore graph of degree $k>3$ is equivalent to the existence of a distance-regular graph with intersection array $\{k-2,k-3,2;1,1,k-3\}$ (in the case $k=57$ we have a distance-regular graph with intersection array $\{55,54,2;1,1,54\}$). In this paper we prove that a distance-regular graph with intersection array $\{55,54,2;1,1,54\}$ does not exist. As a corollary, we prove that a Moore graph of degree $57$ does not exist.