Astar Network is a multi-chain smart contract platform that can connect with multiple blockchains and virtual machines, powering interoperability between various decentralized ecosystems. The platform can connect the Polkadot ecosystem with Ethereum, Cosmos, and other leading Layer-1 blockchain networks.
In addition, Astar has native support for Ethereum Virtual Machine (EVM) and WebAssembly (WASM), letting developers deploy decentralized applications (dApps) designed for Ethereum and other blockchains conveniently on Polkadot’s infrastructure. It is one of the few decentralized technologies that support interoperability not only among Layer-1 networks but also supports Layer-2 rollups and scaling solutions in the market.
The Polkadot native dApp hub Astar employs a unique model of Build2Earn to incentivize developers via a dApp staking mechanism to foster its ecosystem. The technique offers remuneration for developers for coding and deploying their dApp projects on Astar’s infrastructure.
ASTR is the native cryptocurrency of the Astar Network and serves as the utility and governance token of its ecosystem. ASTR token is used for paying transaction fees, facilitating on-chain governance, staking, and as a deposit for Layer-2 developers to deploy their dApps on the Astar platform.
