Starcoin: Steadfast and Scalable — A Resilient Blockchain Journey

Mainnet is about to launch, and we remain true to our original aspirations and resilient spirit.

Looking back over the past year, we have continuously deepened our technical expertise and achieved breakthrough after breakthrough, laying a solid foundation for the widespread application of high-performance public blockchains. Even amid market fluctuations and numerous challenges, our focus has consistently been on building a robust and scalable blockchain infrastructure, dedicated to unlocking greater possibilities for the future.

From Concept to Practice
Since the announcement of Starcoin 2.0 in 2023, we have relentlessly overcome obstacles and introduced multiple innovative technologies, establishing our leading position in the industry. As the first modular, high-performance PoW public blockchain built on Move, the technological innovations of Starcoin 2.0 have brought a completely new experience to the ecosystem:

1. FlexiDAG:
   Our pioneering Directed Acyclic Graph (DAG) technology, seamlessly integrated with PoW, enables parallel block generation, akin to laying a multi-lane expressway for transactions. Testnet data shows a 17-fold increase in transaction processing capacity, a 10-fold acceleration in block generation speed, and an overall TPS reaching an impressive 130,000 — far surpassing traditional public blockchains.
2. TurboSTM:
   TurboSTM introduces parallel execution of smart contracts by utilizing Multi-Version Concurrency Control (MVCC) and an optimistic locking mechanism. This allows multiple contracts to run simultaneously, eliminating execution bottlenecks during periods of high concurrency and ensuring real-time processing with low cost even during peak on-chain activity.
3. Upgrade of the Move Language and Security Assurance:
   Upgraded to Move V8, the language now incorporates formal verification mechanisms and ensures resource-oriented smart contract development, significantly reducing security risks such as reentrancy attacks. As the cornerstone of both security and efficiency, Move lays a solid foundation for future blockchain applications.
4. Modular Architecture and the StarStack Tool:
   Our StarStack tool, developed with a modular architecture and one-click deployment features, greatly simplifies the process of developing customized blockchains. Developers can flexibly construct consensus, governance, and economic models, achieving high-performance applications with seamless cross-platform integration, thus driving continuous evolution of the blockchain ecosystem.

These groundbreaking achievements not only demonstrate Starcoin’s significant improvements in performance and security but also provide a solid foundation for the large-scale applications of the Web 3.0 era.

Paving the Way for Web 3.0
The high-performance characteristics of Starcoin 2.0 inject unlimited potential into the comprehensive rollout of Web 3.0. With a processing capability of 130,000 TPS, large-scale DeFi, NFT, and gaming applications can be smoothly implemented, effectively breaking through the scalability bottlenecks of traditional blockchains. In August 2024, we even achieved integration of the Move framework with the Aptos ecosystem, enabling developers to deploy diverse dApps without having to rewrite code.

Solving Scalability Natively:
Starcoin addresses the fundamental scalability issue in the most optimal way, without relying on external Layer 2 solutions, thereby providing users with a more direct and efficient on-chain experience.

Freedom and Innovation for Developers:
The modular design of Starcoin, coupled with the advantages of the Move language, empowers developers with considerable freedom, allowing rapid iteration and deployment of applications across various scenarios such as DeFi, DEX, and GameFi, and thus helping build the next generation of dApps.

Ultra-Low Transaction Costs and Superior User Experience:
Continuous network optimization ensures that transaction fees remain extremely low (often below $0.001), offering an exceptionally smooth and cost-effective experience for everyone from ordinary users to high-frequency traders.

As the first public blockchain that combines the security of PoW with the resource-oriented advantages of Move, Starcoin exhibits unique strengths in balancing technology and ecosystem, heralding boundless potential for the large-scale application of blockchain in the future.

Unwavering Commitment Through Trials
Every step forward has been supported by our community. Over the past year, community members have actively participated in the Proxima testnet, experienced FlexiDAG’s pre-mining, and engaged in early tests of StarStack, providing invaluable feedback for technical optimization. With the full launch of the mainnet, new features such as parallel transaction optimization will be rolled out one after another, and the ecosystem will further expand into the DeFi and gaming domains. At the same time, we will upgrade our DAO governance mechanism and introduce community voting to ensure efficient and transparent decentralized decision-making. Whether you are a miner, developer, or investor, you will soon encounter more efficient incentives and potential opportunities. It is this consistent focus and passion that drive us forward, allowing our community to witness the gradual release of immense potential that was once underestimated.

Looking Ahead
The release of Starcoin 2.0 and StarStack not only marks our technological breakthrough but also represents our steadfast commitment to the future of public blockchain ecosystems. Regardless of market changes, our team and community remain dedicated to forging a truly high-performance and scalable public blockchain. We will continue to push the boundaries of technological innovation, overcome scalability challenges, and provide the most direct and secure on-chain experience for both developers and users.

Stay tuned for more details on our official X platform and Medium. Let’s move forward together, as resolute as a rock-solid blockchain, courageously embracing unprecedented possibilities for the future!

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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