A Brief Introduction To the Astar Chain

The Astar chain was originally called Plasm Network.

The team started working on Plasm Network back in 2019. Many technological advancements and products have been delivered in the Polkadot ecosystem. It is a top-notch team in the Polkadot ecological chain, and they received 7 payments from the Polkadot Web3 Foundation (need to overcome technical problems!).

The investment institutions behind it are currently known to include Binance Labs, Fenbushi Capital, Huobi, Coinbase Ventures, etc.

There are four main features of Astar

1. Compatible with Ethereum EVM and WASM

It means that smart contracts on blockchains such as Ethereum, COSMOS, BSC, and Solana will also run on Polkadot through Astar/Shiden.

WASM is a programming language. Compared with Ethereum’s Solidity language, it is supported by major companies such as Google and Microsoft, and its developer community is gradually expanding. Public chains including EOS and Near have also chosen to use WASM for smart contract development.

2. DApp Staking

This is a super special point. Developers are encouraged to deploy decentralized application software (DApp) on Astar, and half of the block reward (Pos verification mechanism) will be rewarded to DApp developers and nominators, and the other half will be Distributed to the verifiers who pledged the nodes.

3. Multi-chain cross-chain deployment

Already supports Ethereum, Binance Smart Chain (BSC), Avalanche, Polygon, Fantom, Cosmos… just a lot of chains!

 

4. Support Layer 2 expansion protocol

Even some parachains and test chains are supported!

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Puneet Kantiwal

Puneet Kantiwal is an experienced professional in the field of blockchain and cryptocurrency technology. With a strong background in computer science and programming, Puneet Kantiwal has been involved in the crypto space since its early days. He has worked on various projects related to blockchain technology, including the development of smart contracts, decentralized applications, and blockchain-based platforms.

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