Starcoin: Unleashing Potential Amidst Halving Hype

Starcoin
3 min readAug 30, 2023

The crypto landscape is abuzz with anticipation for the Bitcoin Halving.

The halving event which occurs every 210,000 blocks (appr. every four years) slashes the rewards that miners receive in half to slow down the speed at which new Bitcoin is being created.

Each of the past three events has been marked by significant price peaks in the crypto markets due to basic economic factors, increased public consciousness and capital inflow from investors.

Now, as the blockchain industry prepares for the next halving in 2024, the hype has got even more attention tuned into the DeFi space, presenting another opportunity to onboard new users and, importantly, position the technology for mainstream adoption.

The question is.. are we ready to welcome these users?

The User Experience Gap

A lot of the drawbacks to mass crypto adoption stems from a user experience gap.

Despite the growing potential, DeFi navigation under current blockchains remains a complex subject to the vast majority of users. This is due to lapses in the forms of:

  • Low throughput
  • Expensive transaction fees
  • Security vulnerabilities

Starcoin: building sustainable bridges

As an emerging infrastructure provider, Starcoin is designed, putting these drawbacks into perspective, to achieve a low-fee ecosystem, scaling on parallel computing and enhanced PoW mechanisms, with secure smart contracts thanks to Move Programming Language.

Starcoin is the first permissionless public chain to use Move as a smart contract programming language, and has successfully amplified several features of the programming language to offer security for your digital assets and limit common vulnerabilities of smart contracts.

In addition to cheap transaction fees on our network, Starcoin’s Easy Gas feature allows us to build an interoperable ecosystem where gas payments can be made in any token supported on our chain. For newcomers, this removes the hassle of purchasing specific assets for gas and moving in between wallet storage and bridges, therefore providing you a fast seamless interface.

Building on this scalability, Starcoin deploys enhancements to Nakamoto Consensus to achieve high throughput while retaining its original benefits of decentralization.

With TurboSTM and FlexiDAG technologies, we revolutionize block creation and transaction execution with innovative parallel methods, all aimed at improving onchain interactions.

Conclusion

In the light of the awareness provided by the bitcoin halving event for the blockchain industry, preparation is necessary to offer a smooth transition for new users into DeFi, as well as to spot new opportunities.

As anticipation peaks, Starcoin is a gem to watch!

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.

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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