astarnetwork

What is Astar Network?
Astar Network is a smart contract platform that allows developers to build decentralized applications (dApps) with multi-chain support. This ensures that dApps can run efficiently across various networks, providing flexibility beneficial for developers.
The project also utilizes Layer-2 solutions like zkEVM, capable of handling high transaction volumes at low costs.
How Does Astar Network Work?
Astar Network operates using a multi-chain model, where dApps can function across multiple blockchains simultaneously. One of the key components is the Zero-Knowledge Ethereum Virtual Machine (zkEVM), which enables the execution of Ethereum smart contracts with high privacy and efficiency.
Here’s the transaction flow with zkEVM on Astar Network:
1. Transaction Initiation: Users initiate a transaction through dApps running on Astar Network, which is then sent to zkEVM for processing.
2. Transaction Verification: zkEVM employs zero-knowledge proofs to verify the transaction without revealing sensitive data, enhancing privacy and security.
3. Transaction Processing: After verification, the transaction is processed within the smart contract on zkEVM.
4. Transaction Finalization: The transaction result is stored on Astar Network’s main blockchain, and users receive confirmation.
Astar Parachain and Astar zkEVM
- Astar Parachain: Astar Network integrates with Polkadot as a parachain, enabling high interoperability between Polkadot and other blockchains. This allows fast, secure data and asset transfers across networks, enhancing transaction efficiency.
- Astar zkEVM: This innovation allows Ethereum smart contracts to be executed with better privacy using zero-knowledge proofs. It ensures high efficiency and privacy, crucial for decentralized finance (DeFi) applications and digital identity solutions.
Advantages of Astar Network
1. Interoperability: Supports various blockchains, facilitating better integration and communication across networks.
2. Scalability: Utilizes Layer-2 solutions to handle high transaction volumes with low costs.
3. Security: Incorporates strong consensus mechanisms and zero-knowledge proofs for data privacy and security.
4. Development Flexibility: Supports multiple programming languages and development tools.
ASTR Tokenomics

The ASTR token has no maximum supply, with an estimated annual inflation rate of 665 million ASTR. The initial distribution includes:
- Early Supporters: 30%
- Parachain Auction 2021: 20%
- Parachain Auction Reserve: 5%
- Protocol Development: 10%
- On-Chain DAO: 5%
- Marketing: 5%
- Early Financial Supporters: 10%
- Team Incentives: 5%
- Foundation: 10%
Utility of ASTR Token
- dApp Staking: Token holders can stake their ASTR to support dApps and earn block rewards.
- Gas Fees: ASTR is used to pay for on-chain transaction fees.
- On-chain Governance: Token holders can participate in the governance process by voting on proposals.
Team and Investors

Led by Sota Watanabe, the Astar Network team is based in Tokyo, consisting of experts in blockchain, cryptography, and software development.
Funding Rounds:
- Series A (Feb 2021): $2.4 million from Binance Labs and others.
- Undisclosed (June 2021): $10 million led by Fenbushi Capital.
- Strategic (Jan 2022): $22 million led by Polychain Capital.
Conclusion
Astar Network is an innovative platform addressing interoperability and scalability challenges in blockchain. With advanced features like parachain and zkEVM, it offers a robust foundation for developers to create secure, efficient decentralized applications.

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