Astar Network (ASTR) is a smart contract platform designed to support the development and deployment of decentralized applications (DApps) that are compatible with both Ethereum Virtual Machine (EVM) and Polkadot/WebAssembly (Wasm) technologies. This compatibility ensures that DApps can operate across EVM-compatible chains, such as Ethereum, as well as within the Polkadot ecosystem's parachains.
The platform tackles the issue of interoperability within the Polkadot ecosystem, which consists of a central Relay Chain and multiple parachains but lacks inherent support for EVM. Astar uses the Substrate development framework to facilitate the integration of these different blockchain technologies.
With the launch of Astar Network 2.0, the platform introduced features such as Astar Link and Astar zkEVM, aiming to enhance adaptability and scalability for EVM-based DApps across different blockchain ecosystems.
Astar's XVM solution allows for direct data exchange between EVM and Wasm smart contracts, enhancing interoperability. This feature, combined with the Cross-Chain Messaging (XCM) protocol, enables the development of DApps that operate across multiple blockchain networks. Additionally, the platform offers a DApp Staking feature, known as Build2Earn, which provides a new monetization model for developers by allowing users to stake on DApps.
The ASTR token, with a total supply of about 8.3 billion, plays a crucial role in the Astar ecosystem. It is used for various purposes, including staking and network fee payments, supporting the platform's aim to develop a decentralized web environment. Astar's token distribution strategy is designed to promote the platform's growth and encourage participation from developers, users, and stakeholders.
