Astar is a dApp hub built on the Polkadot blockchain. It supports other platforms like Ethereum and ZK roll ups. The platform is designed to help developers build smart contracts for multi-chains. Astar Network provides the infrastructure for building dApps with EVM and WASM smart contracts offering developers true interoperability with cross-consensus messaging (XCM) and a cross-virtual machine (XVM). Astar’s unique Build2Earn model empowers developers to get paid through a dApp staking mechanism for the code they write and dApps they build.
Astar Network solves prominent issues: scalability, interoperability and lack of developer incentive. Astar Token is the utility token for Astar Network that has 3 primary functions.
Astar Network is backed by eminent names like Binance Labs, Coinbase Ventures, Polychain Capital, Hashkey Capital, Huobi Ventures, OKEx Blockdream Ventures and Altonomy.
|Launch Date||January 2019|
|Blockchain Protocol||Proof of Stake|
|Token Type||Utility token|
Astar Network was founded by Sota Watanabe. The firm is maintained by Wantanabe’s team at Stake Technologies in Singapore and operated in Japan.
Astar network is a parachain on the Polkadot blockchain and has major chains like Cosmos, Polygon (MATIC), Binance Smart Chain, Avalanche and Solana. Astar supports WebAssembly and supports EVM implementation. Astar network offers a number of developer tools for blockchain development. However its major USP is dApp staking. Anyone who has built a decentralized application on the blockchain can stake their product on Astar and earn rewards in ASTR tokens.
Besides earning rewards on dApp staking, developers get the privilege to focus on building better and consumer focused dApps. Astar is a layer 2 blockchain that takes off the scalability load by applying Astar’s Optimistic Virtual Machine (OVM) module.
Astar has two layers. The first layer comprises the substrate framework of Polkadot that relays the transactions. The blockchain supports both Solidity and Vyper for smart contract development. The second layer comprises Optimistic Virtual Machine that manages the user traffic efficiently.
DAPP STAKING: dApp staking is one of the core offerings of the network. Blockchain developers can stake their dApps to earn ASTR – native tokens of the Astar network. Astar allows the assignment of a smart contract administrator, called an “operator,” who can be “Nominated” by users (simply called “Nominators”).
OPERATOR TRADING: The chain is maintained by operators on the network. The network maintenance is distributed to operators who have a reputation on the chain. These operators trade the maintenance task for a value that seems right to them.
|ASTR Price Today||₹3.96|
|Price Change <Yearly>||No data|
|Market Rank (as per CMC)||148|
|Fully Diluted Market Cap||₹26,980,142,314|
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