Let's start with a brief introduction to what is ASTAR (ASTR). It was Launched in January 2022, and the multi-chain smart contract platform Astar has failed to gain traction among investors in recent weeks. If you want to know more about ASTAR, read the articles below.
What is ASTAR (ASTR)?
Astar (formerly Plasm) is a Polkadot-based project founded by Sota Watanabe in 2019. Astar is a platform for developing decentralized applications (dApps) to make smart contracts in the web 3.0 ecosystem. The ecosystem provides financial incentives, incubation programs, and technical support through programs such as the Astar Builders Program to help support developers and incentivize projects to build on the Astar blockchain.
Decentralized applications will be used in the mainstream as users in the crypto space increase every day. Therefore, the need for an hour is a cheaper, faster, richer dApp experience. This gives Astar the opportunity to fill that void. Scalability is obviously one of the most critical requirements for DApp developers. Ideally, developers can build any application on the Astar Network, regardless of its scalability.
Astar was founded by Sota Watanabe. Watanbe is based in Singapore and is studying economics at Keio University in Tokyo, Japan.
How does ASTAR work?
The Astar network is divided into two layers. The first layer (called the base layer) is the first layer of a blockchain built using the Substrate blockchain framework. The second layer is an extended solution created using the Optimistic Virtual Machine (OVM) invented by the Plasma Group. Users can choose which solution to use and enable their use case with minimal overhead.
Conclusion
After reading this article about what is ASTAR (ASTR) and how does ASTAR work, you might have some concern about whether you should invest in this or not. Please be minded that you should never invest money if you can't afford to lose. I hope you will get some information from this article. You can find more about others in the related articles.
