Astar Network to Launch Second Iteration of Smart Contracts: What You Need to Know

04/03/2023 13:11 • AI & Tech Insights • 68 views

According to reports, the multi chain decentralized application protocol Astar Network will launch its second iteration of smart contracts supporting Ethereum Virtual Machines (EVM) and WebAssembly Virtual Machines (WASM VMs) on its main network on April 6th.

Astar Network will launch its second generation smart contract on the main network on April 6th

Introduction

On April 6th, the Astar Network is set to launch a new iteration of smart contracts. This decentralized application protocol is poised to support both Ethereum Virtual Machines \(EVM\) and WebAssembly Virtual Machines \(WASM VMs\) on its main network. This move represents an evolution in the ecosystem of cryptocurrencies and blockchain development, and in this article we will explore the details of this new development.

What is Astar Network?

The Astar Network is a multi-chain decentralized application protocol. It is an open-source platform that allows developers to build and deploy decentralized applications, or DApps, on a blockchain network. The platform uses unique consensus protocols known as The Proof of Assignment \(PoA\) and PoS \(Proof of Stake\). These consensus mechanisms ensure the successful operation of the platform, where each block is created efficiently, securely and transparently.

The Launch of Astar Network’s Second Iteration of Smart Contracts

The latest iteration of Astar Network’s smart contracts is a significant event. According to reports, it will be able to support Ethereum Virtual Machines and WebAssembly Virtual Machines on its main network. This will enable developers to utilize different languages and thereby increase their productivity on the platform. Additionally, it will allow for cross-chain interoperability, leading to a more expansive blockchain ecosystem. The following are some of the features of this new development:

EVM Support

The EVM is a runtime environment for smart contracts in the Ethereum blockchain. It is programmed in Solidity, which is a contract-oriented programming language. By incorporating EVM support, the Astar Network will be able to leverage the ecosystem of the Ethereum network. This will allow developers to operate their Ethereum-based applications on the Astar Network as well, thus expanding the horizons of the platform.

WASM VM Support

WebAssembly is a binary instruction format for a stack-based virtual machine. It can be used on the web and other platforms. By including WASM support, the Astar Network will be able to execute smart contracts that use languages such as C++, Rust, and other languages that support the WASM standard. This will lead to new possibilities for developers using these languages, while also increasing the efficiency and speed of the network.

Cross-chain Interoperability

The integration of EVM and WASM VM on the Astar Network will enable cross-chain interoperability, which means that different blockchains can interact with each other. The Astar Network aims to create an ecosystem of decentralized applications with different capabilities, which will expand the reach of the blockchain. This will allow developers to expand their horizons, explore new applications, and even create their own blockchains.

Conclusion

The launch of Astar Network’s second iteration of smart contracts on April 6th is a significant event in the cryptocurrency ecosystem. This new iteration promises to bring a host of new features and opportunities for developers, from EVM support to cross-chain interoperability, and more. Developers using the Astar Network can look forward to increased versatility and opportunities for growth.

FAQS

Q: What is a decentralized application protocol?

A: A decentralized application protocol is an open-source platform that allows developers to build and deploy decentralized applications on a blockchain network.

Q: What is the Proof of Assignment algorithm used by Astar Network?

A: The Proof of Assignment algorithm is used by Astar Network to ensure the efficient and secure creation of each block on the blockchain.

Q: How will cross-chain interoperability benefit blockchain development?

A: Cross-chain interoperability will allow different blockchains to interact with each other, leading to the creation of an expanded ecosystem of decentralized applications.

This article and pictures are from the Internet and do not represent qiAiAi's position. If you infringe, please contact us to delete:https://www.qiaiai.com/ai/12867.html

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.