๐ Gem Project Analysis! ๐ #PolkaDot Ecosystem #Layer-1 Gem Project Astar (ASTR) ๐
๐๐ Astar redefine the blockchain ecosystem by providing a decentralized application hub on Polkadot supporting Ethereum, WebAssembly, and layer 2 solutions. #ASTR ๐๐
๐ Let's dive into key features and potential of #Astar in this captivating thread! ๐งต๐
1๏ธโฃ Introduction & Overview: Astar Network is a decentralized application (dApp) hub on Polkadot, supporting Ethereum, WebAssembly, and layer 2 solutions. It provides interoperable web 3.0 infrastructure, financial incentives, incubation programs, and technical support.
2๏ธโฃ Technology & Features: Astar supports EVM, Substrate, WebAssembly (Wasm), and ink! environments to provide a scalable, cross-layer, and cross-machine protocol. It operates on two layers: the first layer is built on the Substrate framework, and the second is built using OVM or Optimistic Virtual Machine, for scalability.
3๏ธโฃ Whitepaper Analysis: Astar Network is Japan's most popular smart contract platform, supporting both EVM and WebAssembly (Wasm) environments, and interoperability between them using a Cross-Virtual Machine.
4๏ธโฃ Use Case: The native token of the network is ASTR, used for paying transaction fees, facilitating on-chain governance, staking, and as a deposit for Layer-2 developers.
5๏ธโฃ Team and Leadership: Astar Network was founded in 2019 by Sota Watanabe, a blockchain pioneer featured in Forbes30 Under 30 Asia in 2022. He has a degree in economics from Keio University in Japan and is also CEO of Stake Technologies.
6๏ธโฃ Partnerships: Astar has partnerships and collaborations with major blockchain projects like Bifrost and Phala Network. It recently revealed a new partnership with Oasys, a layer-one blockchain built for game developers.
7๏ธโฃ Security and Audits: Astar Network's security was audited by Quantstamp. The audit evaluated the repository for security-related issues, code quality, and adherence to specification and best practices.