What is Astar Network?
Astar Network is a decentralized blockchain platform that aims to provide scalable and secure infrastructure for Web 3.0 applications. It focuses on enabling developers to build and deploy decentralized applications (dApps) with high throughput and low latency.
Background
Astar Network was founded by Sota Watanabe in 2019. The project was originally called Plasm Network but transitioned to the Astar brand in 2021.
How it works
Astar Network supports both EVM and WebAssembly environments and fosters interoperability between them using a Cross-Virtual Machine. The platform encourages the development and maintenance of decentralized applications through its Build2Earn system, offering incentives to both developers and users. Astar Network addresses the scalability issue inherent in most blockchains without compromising security, paving the way for the next generation of multichain smart contracts that utilize the best features of EVM and WebAssembly Virtual Machines across the broader Polkadot ecosystem. This interoperability framework, fortified by the shared security of Polkadot coupled with Astar XVM, enables developers to build smart contracts in innovative ways and develop complex synergies across multiple blockchains and applications.
Key Takeaways
- Astar Network is a decentralized blockchain platform focused on providing scalable and secure infrastructure for Web 3.0 applications.
- The platform was founded by Sota Watanabe in 2019 and was formerly known as Plasm Network.
- Astar Network supports both EVM and WebAssembly environments, promoting interoperability between them using a Cross-Virtual Machine.
- The platform has a Build2Earn system, which provides incentives to both developers and users, encouraging the development and maintenance of decentralized applications.
- Astar Network aims to address the scalability issue common in most blockchains without compromising security, thus paving the way for the next generation of multichain smart contracts in the broader Polkadot ecosystem.
