Starcoin 2.0 Sneak Peek-TurboSTM.Early Explorers Unite!

Starcoin
3 min readOct 12, 2023

Step into the future with us as we unveil a sneak peek of Starcoin 2.0’s TurboSTM!

You’re cordially invited to join the pioneers in our exclusive Sneak Preview, where you’ll experience the transformative power of TurboSTM firsthand. Don’t miss your chance to be at the forefront of blockchain innovation!

TurboSTM is an innovative technology developed by Starcoin, marking the commencement of the STARCOIN 2.0 phase, aimed at enhancing the execution of smart contracts on its mainnet. By introducing parallel processing, it overcomes the limitations of traditional single-threaded execution, enabling the simultaneous execution of multiple smart contracts and transactions. This advancement significantly boosts the throughput and efficiency of the entire blockchain system, especially in high-concurrency scenarios.

The development of TurboSTM was initiated to tackle the bottlenecks presented by the conventional single-threaded execution of smart contracts. With the increase in complex transactions and heightened user demands, traditional methods have become insufficient. TurboSTM employs industry-standard parallelization technology and introduces innovative features like Multi-Version Concurrency Control (MVCC) and optimistic locking. These capabilities allow for the concurrent reading and updating of data records, reducing transaction execution time and enhancing overall system performance.

The strengths of TurboSTM lie in its ability to lower transaction costs, increase processing capacity, and offer efficient and secure solutions for various blockchain applications, including DeFi, NFTs, and blockchain-based gaming. Upon the implementation of TurboSTM, STARCOIN 2.0 will undergo a significant performance boost, characterized by higher throughput, lower transaction latency, and enhanced security. This technology aligns with Starcoin’s vision to build a more robust blockchain ecosystem, deliver comprehensive solutions for blockchain applications, and foster digital economic growth. TurboSTM represents a crucial step towards achieving these objectives, furthering the mission to make blockchain technology more accessible and valuable.

TurboSTM epitomizes a part of Starcoin’s continuous evolution, designed to meet the growing demands of users. The traditional methods of executing smart contracts are no longer sufficient to handle complex transactions and high-concurrency environments, making the emergence of TurboSTM vital.

With the launch of TurboSTM, STARCOIN 2.0 will experience substantial performance enhancements, including increased throughput, reduced transaction delays, and bolstered security. To further engage community members in the development of Starcoin, we invite you to be among the first to experience the TurboSTM preview on the Barnard network and share your valuable feedback. Your insights have the potential to earn rewards and positively influence the future of blockchain technology. Don’t miss the opportunity to participate in this blockchain revolution — explore TurboSTM today!

Tutorial Link:

https://github.com/starcoinorg/starcoin/discussions/3971

Start Time:

October 13, 2023, 9:00(UTC+8) October 12, 18:00 (PST)

End Time:

October 23, 2023, 9:00(UTC+8) October 22, 18:00 (PST)

Reward Rules:

  1. Within ten days of the event launch, execute transactions using TurboSTM’s multi-CPU capability.
  2. Comment on the event’s Twitter page, leaving a screenshot of your use of TurboSTM & valuable suggestions for TurboSTM.
  3. Submit an issue or PR on the Starcoin GitHub repository (optional).

Lottery Rules:

This event will select 10 lucky participants:

  1. Top 3: The first three users providing the most constructive feedback will receive mining experience rewards.
  2. Retweet this Twitter and 7 users will be randomly selected to receive lucky NFT draw rewards.
  3. Submit an issue or PR on the Starcoin GitHub repository (optional).

Lottery Time:

Winners will be selected and rewards distributed within 5 days after the event ends.

About Us:

--

--

Starcoin

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