Astar (ASTR)

Astar (ASTR)

Rank #236

$0.057443

2.05%

0.000002 BTC

ASTR
USD

MARKET CAP

$195.689 M

ALL TIME HIGH

$0.34

VOLUME 24H

$8.115 M

CIRC. SUPPLY

3.407 B

VOL/MCAP

4.00%

TOTAL SUPPLY

7 B

DILUTED MCAP

402.101 M

MAX SUPPLY

--

1H USD

1.55%

24H USD

2.05%

7D USD

17.08%

30D USD

-73.43%

60D USD

-44.82%

90D USD

-56.78%

Tag:

polkadot-ecosystemokex-blockdream-ventures-portfolioView all

All about

What is Astar?

Astar Network (formerly Plasm Network) is a Substrate blockchain that provides the methods for developing scalable Dapps and supporting cutting-edge layer 2 solutions. The Polkadot Relaychain, by design, does not support smart contracts. Developers can build whatever applications on Astar Network without having to consider its scalability.

Oustanding Features

What is the project trying to achieve?

Astar Network is a gateway to the multi-chain future. They connect multiple layer1 blockchains to Polkadot through Astar Network.

What is the unique selling point?

Astar Network is a layer1 permissionless public blockchain where everyone can join. In general, Astar Network is the default root chain for developers to connect their applications. Astar Network provides various modules that allow the developers to utilize Layer2 solutions with ease such as Optimistic Virtual Machine (OVM) module and DApp Staking module.

Astar Network will not only be for Plasma applications but also for Lightning Network applications or any other layer 2 protocols. Users can choose which solution to use and make their use case possible with minimum overhead.

In addition to implementing Layer2 solutions that are not possible in Astar. The network has integrated Plasma as a Service for supporting Dapps developers. Plasma as a Service allows developers to deploy Astar applications effortlessly without going through the pain of learning everything from scratch.

Staking mechanism

To incentivize for community members who contribute to the Astar Network from the early days, Astar have designed the staking mechanism to reward early adopters through this process:

  • A community member creates a simple smart contract and deploys it on Astar Network.
  • ASTR holders evaluate this performance and stake their token on the smart contract.
  • Both of them get rewards based on the performance of the smart contract.

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