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Astar (Formerly Plasma) – A Parachain that Connects Various Networks

Astar, formerly Plasma, is a parachain network on the Polkadot main chain after gaining substantial traction on the parachain auction on Polkadot. The Astar blockchain supports various networks, including Ethereum Virtual Machine (EVM), WebAssembly (WASM), Layer2, and different main-net chains such as Ethereum and Cosmos. Astar has been built to overcome the issues regarding supporting smart contracts on the Polkadot’s Relaychain. The platform has been the result of many years of efforts to overcome the inabilities of Polkadot and integrate a wide array of networks to frame an ecosystem. The platform uses $ASTR as its native token. Astar has its own canary network called Shiden, which runs as a parachain on the Kusama blockchain.

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Features of Astar Platform

  • Scalability

    Astar is able to provide higher scalability levels which result in higher transactions per second (TPS), cheaper expenses, and quicker finality for transactions.

  • Interoperability

    The platform is able to support various L1, L2 protocols, and X-VM (cross virtual machine), which results in a broader ecosystem for the dApps on it.

  • dApp Staking

    The staking process on Astar helps incentivize developers to build on the Astar ecosystem, which means it recognizes the developers’ efforts.

  • Smart Contracts

    Smart contracts from a blockchain like Astar tend to support applications based on decentralized autonomous organizations (DAOs), non-fungible tokens (legit online casinos that pay real moneys), and decentralized finance (DeFi).

  • Blockchain Bridges

    The Astar parachain has blockchain bridges called Celer and Anyswap through which assets can be swapped from and to other blockchains (Ethereum and BSC).

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