Pioneering a Scalable Network: Starcoin 2.0 Speed Mining Activity Points Rewards Announced

Starcoin
3 min readAug 7, 2024

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Hi Starfam,

We’ve just completed the 15-day Starcoin 2.0 trial run points challenge, and we’re very grateful for your participation. This event not only provided great help in improving the performance and stability of the main network, but also marked the beginning of a new stage for Starcoin. Here are some exciting metrics:

Excellent technical performance

The Starcoin 2.0 mainnet has significantly improved network performance by introducing FlexiDAG and TurboSTM parallelization technologies. In the trial environment, the maximum block generation speed (BPS) reached 1 block/s, the maximum parallelism (Parallelism) reached 2 blocks, and the maximum transaction processing speed (TPS) reached 130k tx/s.

This excellent performance surpasses more than 90% of the public chains, and at the same time strengthens our confidence in Starcoin becoming the backbone of the Web3 network infrastructure.

Mining Points Rewards

This Starcoin 2.0 Mining Points Challenge event allowed more users and to spearhead the excellent performance of the 2.0 mainnet, and provided a lot of valuable data support to the development team.

The event has been a success! fruitful. For users who participated, you can view the points reward details through the link below:

https://docs.google.com/spreadsheets/d/1QsH2E0NiHRzVhcS2VxneafLamWw4mPe0qMkLfzZMw5E/edit?usp=sharing

Join the Starcoin 2.0 future

We sincerely invite you to join Starcoin 2.0, become part of our global node, and participate in the construction and ecological development of the Starcoin scalability network. You can follow the instructions below.

How to participate?

Node download address: https://github.com/starcoinorg/starcoin/releases/tag/v2.0.0

2.0 Mainnet startup parameters: https://cookbook.starcoin.org/docs/getting-started/setup/vega-network/

  • Node verification: Users can verify transactions by starting a node. Nodes that successfully participate in the proof of computing power will also receive new block rewards.
  • Wallet and Transactions: Users can connect to the 2.0 network through StarMask, send and submit transactions.
  • Applications: Developers can deploy Move applications on the 2.0 network and experience the powerful features of 2.0.
  • Incentives: The trial run phase is intended to verify the powerful features of 2.0. There is no specific economic model for the time being, and it will not replace the current 1.0 version for the time being.

StarMask wallet connects to the 2.0 network. Currently, you need to select the network, click custom RPC, and manually add the following configuration:

The launch of Starcoin 2.0 marks another milestone in our journey to build a scalable, secure, and decentralized digital ecosystem. We will continue to drive blockchain innovation, provide a solid infrastructure for Web3 applications, and contribute to the growth of the digital economy.

About Starcoin

Starcoin provides the utmost security from the origin via its enhanced PoW consensus and Secure smart contract, using the language of Move. Through layered and flexible interoperability, it optimizes the building of ecosystems such as DeFi, NFTs, Gaming, etc., with higher efficiency and convenience. This process redefines value by empowering every participant in the ecosystem to enjoy the multiplication of values.

Follow Starcoin on social media to stay up to date with all the latest developments.

Website | Twitter | Medium | Telegram | Linktr.ee

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Starcoin

Starcoin is a proof-of-work blockchain that enables secure smart contracts based on Move to power services in Web 3.0