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Smart contracts and scalability take centre stage in Astar Network, a multi-chain platform that allows developers to create the app of their dreams.

, miners receive transaction fees, and smart contract developers contributing to the ecosystem pay the price of deploying their apps in 

 staking mechanism that rewards early investors and encourages community members to contribute early.

Listed in the “Innovation” category on Binance, Astar Network is a multichain DApp center that works with 

Highly versatile, Astar Network stands out from the crypto crowd as one of the latest high-potential projects.

 parachain and scalable smart contract platform. It’s an open-source, scalable and interoperable infrastructure for Web 3.0.

According to DefiLlama, since Astar Network's launch in late Jan. 2022, the protocol has seen its 

This article is a detailed guide about the Astar Network, its features, how it works, and its pros and cons.

 that supports Ethereum, WebAssembly and Layer 2 solutions such as 

. Astar's goal is to become a multichain smart contract platform that can run on multiple 

 and virtual machines. The Polkadot relay chain is not designed to support 

, providing an opportunity for Astar to take the lead.

A DApp developer’s most important requirement is scalability. The Astar Network allows developers to create any application they want without worrying about scalability. 

 maintains the work of the community under the public domain license at

The native token of Astar Network, ASTR is used for governance and staking. After being listed on CoinMarketCap at $0.16, the ASTR token reached an all-time low of $0.08 on Jan. 26, 2022. It’s currently trading at $0.14 per token.

The annual inflation rate of the token is 10 percent, and the total token allocation is as follows:

Allocation of ASTR Token. Source: Coin98.net

The Astar Network is a permissionless public blockchain that anyone can join. Developers generally connect their applications to the Astar Network as the default root chain.

 (OVM) module and DApp staking module from the network to utilize Layer 2 solutions with ease.

Astar Network (formerly Plasm)’s architecture. Source: Coin98.net

In addition to Plasma applications, Astar Network can be used for 

 applications and any other Layer 2 protocols. Anyone can choose the most suitable solution for their use case to meet their specific needs with minimal overhead.

Developers can deploy Astar applications effortlessly using Plasma as a service, without spending a lot of time learning everything from scratch.

The Astar Network has designed their staking mechanism to reward early adopters and community members.

Key Features of the Astar Network include DApp staking and operator trading. Some network features are discussed below.

An infographic on DApp staking. Source: Coin98.net

Miners on other blockchains — such as Bitcoin and Ethereum — receive a portion of transaction fees. At the same time, developers, who are the true contributors to the ecosystem, have to pay gas fees for deploying applications.

Therefore, Astar has divided their block rewards into two parts: 

Astar allows you to assign an administrator, called an operator, to your smart contracts.

Other DApp nominators choose the operators, in addition to receiving semi-permanent rewards from the smart contracts they manage.

Operator Trading allows users to buy and sell Astar applications. A developer can assign an operator to another to handle various tasks, such as chain maintenance and administration. The buyout is available to those who have been granted operator rights.

Polkadot is not compatible with smart contracts. Astar will integrate this functionality, while also making it scalable. Developers can build DApps knowing that they can scale up easily.

 of 7 billion tokens. At the time of this writing, there are 3.4 billion ASTR tokens in circulation, with a market capitalization of $462 million. The price of one ASTR token is $0.14, and around $35 million worth of ASTR tokens were traded in the past 24 hours.

ASTR’s price from Jan. 2022 to April 2022. Source: CoinMarketCap

A decentralized consensus mechanism prevents blockchains from scaling by design.

 are much lower than on centralized databases, and most blocks have a maximum amount of data they can hold. Due to this consideration, users may experience long periods where transactions are pending or unconfirmed, resulting in a less-than-ideal user experience overall.

Scalability on the Astar Network provides the following improvements:

Although there are many different blockchains, few of them offer interoperability, the capacity of blockchains to communicate and share information.

A centralized exchange is needed to transfer "value" from, for example, Bitcoin to Ethereum. Astar provides a smart contract hub that allows interoperability between smart contracts written in several languages.

With Polkadot, blockchain networks can operate seamlessly due to their 

. Astar Network works well with Polkadot. By integrating Astar Network with Polkadot, you can achieve true interoperability.

Users and developers alike enjoy the benefits of the ASTAR ecosystem. However, it presents some unique challenges and trade-offs when the same smart contract code is deployed across multiple blockchains.

Whenever an Astar Network smart contract code is deployed on another blockchain network, it creates a new, completely distinct copy of the application.

Despite accessing the application via their preferred network, the user experience may vary from chain to chain.

Since assets are only available on one blockchain at a given point in time, 

 in the application becomes fragmented across multiple 

 environments. As a result, there’s less liquidity within each deployment, resulting in higher 

The fundamental shortcoming of Astar’s smart contracts is their limited interoperability across different blockchains, 

Despite token bridges for multichain applications, securely transmitting data between blockchains opens up an entirely new paradigm in terms of how smart contracts can be designed.

Is Astar Network (ASTR) a Good Investment?

In order to assess Astar Network, let's look at some data. 

In Feb. 2022, the company behind Astar Network, 

. Astar Network will utilize Stake Technologies' funding to gain slots on Polkadot and 

More than 18,000 contributors have locked up their DOT in favor of ASTAR so far. Thanks to a strong and supportive community, the Astar Network was kick-started successfully and is currently thriving.

Based on experience, Binance Labs' investments are typically listed on Binance Exchange, one of the largest cryptocurrency exchanges in the world. Crypto enthusiasts believe this will be good news for the project and the token price. However, we highly encourage you to 

Investing in cryptocurrency is quite simple if you use a step-by-step approach.

It will help if you have a secure internet connection, a cryptocurrency exchange account, and a valid payment method to invest in any cryptocurrency.

Since technical knowledge isn't needed, Bybit's services are suitable for investors of all experience levels. Below, we describe how to buy ASTR through Bybit.

 on Bybit if you don't already have one. Enter your phone number or email address and set up your account. You can start trading immediately after your account is verified.

At the time of this writing, Astar’s Network crowd loan on Polkadot has been completed, but 

. From this article, we hope you’ve gained crucial information on ASTR, including its central features and tokenomics.

Astar Network (ASTR): Build & Deploy DApps Easily

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