Hi Starfam!
Since announcing the Move upgrade plan, the core team has diligently worked on its development and implementation. Today, we bring you the latest updates on Starcoin 2.0, including the reconstruction of the Starcoin Move Framework (compatible with mainstream Move frameworks) and improvements to the DAG(Directed Acyclic Graph) consensus mechanism. These upgrades significantly enhance the ecosystem’s capabilities, compatibility, and scalability. The primary development work for the upgrade is nearing completion and has been deployed on the Proxima testnet. Each enhancement lays a solid foundation for building a more efficient and secure ecosystem. Below are the details:
Framework and Move Framework Upgrades
To better support Starcoin 2.0’s ecosystem application scenarios and development needs, both the Framework and Move framework have undergone significant upgrades, aligning with mainstream Move development frameworks:
- Proxima Testnet Launched for Starcoin 2.0
The latest 2.0 Framework has successfully undergone transaction, contract deployment, and test case verification on the proxima testnet, paving the way for the upcoming 1.0 mainnet upgrade. - Enhanced Cryptographic Features
The updated crypto library introduces new cryptographic functionalities, providing a foundation for future smart contract capabilities. - Framework Refactoring
Leveraging the latest Move library, the Starcoin framework has been refactored, with most functionalities now compatible with the Aptos Framework. This provides developers with a consistent experience while improving cross-chain compatibility. - Move Attributes Support
The storage layer now supports Move attributes, enabling better management of complex data types.
Migration and Compatibility of Framework 2.0
The framework upgrade focuses on achieving compatibility with the Aptos framework, resulting in the following accomplishments:
1. Complete Migration of Legacy 1.0 Framework
The original logic has been fully migrated to the new Aptos-compatible framework, forming Starcoin-framework 2.0.
2. Feature Compatibility
- Object Model: Introduced compatibility with the Aptos Object model, supporting more robust asset operation logic.
- Digital Assets: Aligned with the Aptos DigitalAsset standard, paving the way for future expansions in digital assets.
- Fungible Assets: Adopted the Aptos FungibleAsset standard to enhance token management functionalities.
3. Refinement and Testing
Code migration and bug fixes have been completed, and the Proxima testnet has been successfully launched, with comprehensive tests conducted on contract deployment and invocation.
DAG Consensus Improvements
In Starcoin 2.0, the DAG consensus mechanism is a critical upgrade, boosting transaction processing capabilities by several magnitudes. Recent optimizations focus on efficiency and security:
- Pruning Mechanisms and Finality Logic
The introduction of pruning logic optimizes DAG structure storage, while finality logic ensures the immutability of on-chain data, enhancing system security. - Concurrent Block Processing
Concurrent processing capabilities have been implemented in the synchronization process, improving the efficiency of block data handling and reducing synchronization times. - On-Chain Voting Support
On-chain voting has been added for consensus pruning configurations, granting the community greater governance rights and increasing the flexibility of the consensus mechanism. - Synchronization Speed Optimization
Features like batch writes and fast block confirmations significantly enhance data synchronization efficiency. - Bug Fixes
Known issues in the consensus election mechanism have been resolved, further strengthening system stability.
Future
With the primary development of Starcoin 2.0 nearing completion, we are progressing steadily toward the promised launch of the 2.0 mainnet. Preparations for Q1 2025 include:
1. Comprehensive Testing of Version 2.0
Additional unit and integration tests will be conducted, with a particular focus on thorough verification against Aptos standards. If all testing functions meet expectations, we are preparing to proceed to the next step in January 2025.
2. Governance and Tokenomics Proposal for Version 2.0
The design and discussion of a new economic model and governance plan for Version 2.0 will require voting by all STC token holders to determine the proposal’s adoption. If the development progresses smoothly, we plan to release a draft proposal for community discussion next month. Once approved, the proposal will enhance Starcoin’s long-term ecosystem prosperity and sustainability.
Risk Warning: The 2.0 asset mapping also depends on the successful freezing and burning of illegal assets involved in the 2024 token exploit incident . This work requires the support of exchanges.
3. Asset Mapping and Upgrade Implementation
Technical mapping tasks will be carried out based on community proposals, facilitating the migration and upgrade of Starcoin Framework 1.0 assets to version 2.0 as development nears completion..
Conclusion
Starcoin 2.0 represents one of the most significant undertakings for the Starcoin ecosystem. The core team has made substantial progress, from foundational architecture to application development environments, achieving notable advancements in performance, security, and compatibility. As the upgrade nears completion, the collective efforts of the community will help Starcoin 2.0 secure a vital role in the Move ecosystem and Web3, delivering even greater value to the industry.
Thank you to all the dedicated supporters of the Starcoin project. Stay tuned for more updates!
Learn more:
1. Starcoin 2.0: Launching a New Move Upgrade with Roadmap and Support for Mainstream Move dApps
2. Discover What’s New in Starcoin Move v7
3. GitHub：https://github.com/starcoinorg/starcoin
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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