From the early days of development of ideas for dApps (decentralized applications), the challenge has been about extending the utility of these Web3 tools to the average user.
For dApps, utility means the practical, real-world functions and benefits which a user obtains when they interact with an application.
However, issues like high transaction costs and slow processing times on traditional blockchains hinder regular users from getting these benefits directly.
Also, the tightly-niched crypto space compounds this problem, making it unclear how users can smoothly transition between Web3 platforms to access more problem-solving tools while enjoying the benefits of their current platform.
Starcoin: Simplifying Growth For Web3 Utility
The preceding challenges form the basis of our latest development on Starcoin — the new Move upgrade.
Starcoin’s new Move upgrade will support the seamless migration of existing applications within the Move ecosystem to Starcoin 2.0
This development implies more than a simple migration. It drastically lowers the barriers to developing and deploying Move-based applications, and achieves greater ecosystem integration.
By enabling compatibility with Starcoin, our new Move upgrade allows the broader Move ecosystem to leverage advanced performance and cost-effective applications.
Let’s look at some features on Starcoin that help realize this:
- Easy Gas: The availability of cheap gas fees on Starcoin, and the ability to settle transaction fees in any token supported on the network, simplify the usage of tools and apps integrated with Starcoin 2.0.
- FlexiDAG: FlexiDAG’s parallel block processing is a key feature of Starcoin 2.0. This innovation will deliver faster transaction speeds and add significant value to performance in the Move ecosystem.
- TurboSTM: TurboSTM supports parallel execution of transactions on Starcoin 2.0. This initiative will enable smooth handling of micro-transactions on dApps, maintaining scalability even under heavy network loads.
- Enhanced PoW: Starcoin 2.0 inherits an enhanced PoW mechanism which executes dynamic adjustment to block time, difficulty and rewards. This is crucial to efficiently manage network resources, translating to continued optimal performance and low fees.
Conclusion
As innovation progresses in Web3, our advanced toolset on Starcoin 2.0 offers developers the required creativity spark because it removes most constraints that hinder flexibility and innovative freedom.
For users, this ultimately leads to the discovery of more cutting-edge tools that help to make their lives more meaningful.
Through the new upgrade, Starcoin’s mainstream Move compatibility exemplifies another step towards achieving breakthrough use-cases that have the potential to bring mass adoption.
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 | StarStack | Twitter | Medium | Telegram | Linktr.ee
