Astar company info

What does Astar do?
Astar (CRYPTO:ASTR) is a Layer 1 blockchain strategically built on the Polkadot network. It distinguishes itself as a smart contract platform that prioritizes interoperability with other blockchain networks, including Ethereum. One of its unique features is the dApp staking model, a mechanism that not only secures the network but also validates transactions, ensuring its robustness. Astar extends an array of services to its users, starting with the ability for developers to create and deploy smart contracts on its blockchain, fostering innovation in the decentralized application (dApp) space. The cross-chain compatibility is a major advantage, as Astar seamlessly integrates with Polkadot and Ethereum, permitting efficient asset and data transfers between these prominent blockchains. Furthermore, Astar supports developers with a suite of tools and resources to facilitate the development and deployment of smart contracts on its platform. The core objectives of Astar encompass enhancing developer accessibility to smart contract technology, stimulating dApp creation, and contributing to the growth of the Polkadot ecosystem. Although a newcomer in the blockchain realm, Astar has rapidly garnered attention, driven by its innovative approach and the enthusiastic support of its growing community. It stands as a promising addition to the blockchain landscape, driven by its dedication to cross-chain compatibility and developer empowerment.
Company Snapshot

How many people does Astar employ?

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Employees
50+

What is the market cap for Astar?

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Market Cap
$505.82M

Where is the head office for Astar?

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Head Office
Singapore

What year was Astar founded?

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Year Founded
2019
What does Astar specialise in?
/OKX Ventures Portfolio /Polkadot /Polkadot Ecosystem

What are the products and/or services of Astar?

Overview of Astar offerings
Astar Bridge: The Astar Bridge is a cross-chain bridge that allows users to transfer assets between Astar and other blockchains, including Ethereum, Avalanche, and Fantom.
Astar Grants: The Astar Grants program is a funding program that supports developers who are building dApps on the Astar blockchain.
Cross-chain compatibility: Astar is compatible with Polkadot and Ethereum, which allows users to transfer assets and data between these blockchains using the Polkadot XCM protocol.
DApp staking: Astar uses the dApp staking model to secure the network and validate transactions. DApp staking allows users to stake their ASTR tokens to support their favorite dApps and earn rewards in return.
Developer tools: Astar provides developers with a variety of tools and resources to help them build and deploy smart contracts on its blockchain, including the Substrate framework, Astar development kit (SDK), and Astar Explorer.
Smart contracts: Astar enables developers to build and deploy smart contracts on its blockchain, using the Solidity programming language.
These services make Astar a valuable platform for developers and users who are looking for a smart contract platform that is interoperable with other blockchains, easy to use, and secure.