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COINTURK NEWS > Altcoin News > What is Astar Coin?
Altcoin News

What is Astar Coin?

In Brief

  • Astar Network is a dApp hub supporting layer 2 solutions like Ethereum, WebAssembly, and ZK Rollups on Polkadot.

  • Astar aims to be a multi-chain smart contract platform that supports multiple blockchains and virtual machines.

COINTURK NEWS
COINTURK NEWS 11 months ago
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Astar Network is a dApp hub supporting layer 2 solutions like Ethereum, WebAssembly, and ZK Rollups on Polkadot. Astar aims to be a multi-chain smart contract platform that supports multiple blockchains and virtual machines.

Contents
What is Astar (ASTR)?How to Buy ASTR Coin?

What is Astar (ASTR)?

According to the statements, the Polkadot Relay Chain does not support smart contracts. Therefore, it is important to have a parachain that provides this for all developers who want to build their ecosystem within the Polkadot ecosystem. Astar states that it is designed to provide the best solution for all developers by supporting the EVM and creating a parachain where EVM and WASM smart contracts can coexist and communicate with each other.

In addition, Astar Network is designing a scalable and interoperable infrastructure for Web3.0. Since Astar Network is built with Parity’s Substrate framework, it can also function as a scalable smart contract platform and potentially a future Polkadot parachain. By design, the Polkadot Relaychain does not support smart contracts. This gives Astar the opportunity to fill this gap. Scalability is clearly one of the most important demands of dApp developers. Ideally, developers can build any application on the Astar Network without having to think about its scalability.

The mission of Astar Network is to provide a scalable, interoperable, and decentralized application platform that defines and realizes the new form of the web: Web3.0.

On the other hand, scalability is seen as the biggest challenge for all blockchains. Higher performance is necessary to ensure the widespread adoption of blockchain technology. Scalability is a critical issue that Astar Network also aims to optimize.

In addition, the ASTR token is used to facilitate governance activities such as voting and referendums. ASTR token holders can also stake their tokens in the network as well as in dApps. By doing so, stakers can earn ASTR tokens.

How to Buy ASTR Coin?

ASTR Coin can be purchased quickly and securely through Binance, the world’s largest cryptocurrency trading platform by trading volume. Binance

To buy ASTR Coin, you first need to become a member of Binance and then send fiat currency. After sending fiat currency such as or dollars, you can perform a purchase transaction in the ASTR trading pair, which trades Bitcoin (BTC), BUSD, Ethereum (ETH), and Tether (USDT).

Additionally, users can place a purchase order not only at the market value but also at a lower value on Binance, allowing them to buy at their desired price. For this, you just need to use the Limit tab and enter the amount you want to buy and the price you want to buy at.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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COINTURK NEWS 28 June, 2024 - 9:00 pm 28 June, 2024 - 9:00 pm
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