As visionaries in Web3, the prospects of the industry keep us excited to unlock more possibilities.
We recently launched Starcoin 2.0: Tempus, a major upgrade to efficiency on Starcoin mainnet!
In this new phase, we have executed game-changing enhancements to blockchain performance such as TurboSTM parallel processing technology and FlexiDAG consensus method, inspired by years of discovery and commitment to overcome limitations both in the PoW and broader industry progress.
TurboSTM aims at enhancing smart contract execution on Starcoin mainnet, by deviating from the traditional single-threaded execution which has fallen short in the face of complex transactions and increased user demands in Web3.
TurboSTM is part of a suite of innovations which distinguish Starcoin 2.0: Tempus. These innovations mirror our dedication to bring Web3 users to better onchain experience and boost adoption.
This involves optimizing our infrastructure to keep up with emerging trends in scalable digital interactions and making blockchain solutions available across various facets of the digital economy, including individuals and businesses.
With TurboSTM charting this course in Starcoin 2.0 with swift, secure and affordable transactions, it is important to look at the new generation digital landscape through the lens of Starcoin’s revolutionary developments.
Decentralized Finance
DeFi platforms currently face scalability issues, evidenced in high gas fees and slow transaction processing times on decentralized exchanges, lending protocols, yield farms and other direct financial service providers.
TurboSTM transforms these drawbacks by employing industry-standard parallelization technology with features like Multi-Version Concurrency Control (MVCC) and optimistic locking which allow for the concurrent reading and updating of data records.
These capabilities reduce user waiting times, lower transaction costs and strengthen security on decentralized applications.
GameFi
Blockchain gaming has been described as a crucial source of mass adoption, though the industry is plagued by issues like scalability, poor user experience and exploits.
As part of Starcoin’s vision to be a leading infrastructure provider in the Web3 gaming sector, our forward-looking solutions leverage the security of Move to prevent common vulnerabilities like overflows and common reentrancy exploits, ensuring safe digital assets.
Our enhanced PoW design and parallel smart contract execution of TurboSTM make it possible to maintain scalability while processing in-game microtransactions at peak usage times, delivering a seamless user experience.
NFTS
NFT-related activities have become expensive since the emergence of the asset class, due to their tendency to incur high gas fees on blockchains like Ethereum.
This creates entry barriers for other users who can’t afford fees during large mints and periods of network congestion.
Through our upgrade, Starcoin 2.0 presents a performance boost which includes high concurrency handling capabilities during heightened on-chain interactions.
In summary, TurboSTM and FlexiDAG are poised to unlock cheap and speedy transactions, making NFTs accessible in a truly decentralized way.
Conclusion
Looking at the potential of our technological advancements in different sectors, we continue to show our growth in redefining values.
As interests surge in the digital economy, the mode of interactions will become more complex in terms of increased demands and development of intricate applications.
We are excited as we anticipate these new horizons. Starcoin 2.0: Tempus positions us as the premium infrastructure provider that transcends blockchain limitations, simplifies user experience and enables the application of blockchain technology across various fields.
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.
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