Astar update: ASTR Live price, price chart, news and markets

The ASTR price update as of now is $0.06036. In the previous 24 hours, its trading volume was $29,472,035, and its value has increased by 0.53%. As of now, ASTR's live market cap is $448,716,214, and it is ranked as the #170 on the Coincu. ASTR has a circulating supply of 7,202,372,771 and a maximum supply of 7,202,372,771.

Astar (ASTR): A Decentralized Smart Contract Platform

Astar (ASTR) is a Smart Contract Platform within the Polkadot ecosystem that aims to provide fully decentralized interoperability and scalability for web 3.0. Unlike Polkadot's Relay Chain design, Astar supports Smart Contracts, making it an ideal platform for the development of Layer 2 applications.

Based on the Substrate Framework, the Astar project can function as a parachain on Polkadot, allowing seamless transfer of data and tokens between parachains. Additionally, Astar benefits from the security provided by Polkadot's Relay Chain.

Shiden operates as an R&D chain of Astar Network on Kusama. While Astar and Shiden share the same code base, they are deployed on different chains (Polkadot and Kusama) and have different native tokens and tokenomics.

Astar (ASTR): Addressing Scalability and Interoperability

Astar's primary mission is to create the best Smart Contract platform for developers within the Polkadot ecosystem. The project focuses on addressing scalability and interoperability issues, ensuring a seamless and secure experience for users.

Enhancing Scalability

In terms of scalability, Astar Network aims to optimize transaction costs, increase transaction speed, and enhance transactions per second (TPS).

Optimizing Interoperability

Current blockchain networks have limited interaction capabilities. Astar aims to optimize interoperability, making it easier, safer, and more seamless for applications to connect with other blockchain networks.

Highlights of Astar Network

Astar: Built with Polkadot's Substrate Toolkit

Astar Network is a Layer 1 Blockchain developed using Polkadot's Substrate toolkit. The platform also incorporates the OVM Module, Rollups, and functions to support dApps and extend the platform's capabilities. Astar serves as a multi-chain platform that supports various blockchains when Polkadot Relay Chain cannot support Smart Contracts.

Compatibility with Ethereum Blockchain

The Astar project supports WebAssembly (WASM) and EVM programming languages, ensuring compatibility with multiple blockchain platforms. Developers can deploy Smart Contracts from Polkadot's Ethereum without the need for reprogramming.

Multi-chain Support for Expanded Reach

Astar's integration with Multi-chain technology enables projects to reach investors from different ecosystems, expanding their reach and potential.

Fast and Low Gas Transactions

Astar Network provides scalability for DeFi dApps and supports Layer 2 solutions like Rollup. This improves transaction processing speed on Ethereum and Polkadot blockchains while reducing transaction costs for users.

Astar Network Roadmap

Q1 2022

• List ASTR on major exchanges such as Binance, Huobi, and OKEx.
• Launch DApp staking V2.
• Implement Solana Bridge.
• Implement Dfinity Bridge.
• Implement Avalanche Bridge.
• Introduce Cross Chain Message Passing.

Q2 2022

• Implement Onchain Governance.
• Upgrade Astar Portal to V2.
• Deploy Layer 2 solution - Rollup.

Q3 2022

Transform Astar into a fully decentralized network.

Q4 2022

Launch Parachain fundraising auction on Polkadot.

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