What is the Astar Network?
Astar Network is a multi-chain dApp hub on Polkadot that supports Layer2, WebAssembly, and the Ethereum Virtual Machine. Astar is created with all the capabilities required to develop into an ecosystem for Polkadot’s smart contracts. Among them, X-VM (Cross Virtual Machine) and dApp Staking are the characteristics we consider to be particularly significant.
Astar Network is a native smart contract hub for Polkadot. There are two critical components to smart contracts. Since Ethereum has the largest smart contract ecosystem, compatibility with Ethereum is the top requirement. However, as numerous Polkadot parachains can support this feature, we don’t think that Ethereum compatibility will be a differentiator. Additionally, creating another EVM-compatible chain is not very unique considering the abundance of layer1 blockchains that are compatible with EVM and Ethereum layer2 solutions. As a result, Astar supports both WebAssembly and the Ethereum Virtual Machine and allows them to communicate with one another.
Scalability is the second crucial factor. Astar Network is being created for billions of people. Although less than 1% of the population now uses blockchains, block slots are already practically full. This is why Astar Network is working on layer 2 solutions like Rollups, Plasma, and others because we need a better answer.
Is the ASTAR network a good investment ?
According to Coingecko, ASTAR market cap is expected to be around $172 million in July 2022. By developing good technology to bring EVM on polkadot, the network has become one of the top parachains in terms of total value locked and has the most Ethereum assets, making the project a wise investment given the current bear market.
Although ASTAR represents a smart investment, we encourage you to do your own research before investing in Cryptocurrency.
How do I invest in ASTAR ?
There are a number of ways to buy ASTR. However, using a trusted international exchange like Gate.io is the simplest option to purchase ASTR.
Alongside Gate.io, Binance provides a wide range of choices. Anywhere that Binance is available, you can simply buy Astar (ASTR) with the lowest costs and maximum security.
