Astar
Current price
$0.006079
−5.74%24h
LiveUpdated 34s ago
TodayAstar drops 5.7%, trailing the market.
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View as table
| Time | Price |
|---|
Change by period
- 1 hour−0.13%
- 24 hours−5.74%
- 7 days−12.93%
- 30 days−14.34%
- 1 year−67.55%
Astar's move in context
Lagging the market today
−5.74% today against −3.26% for the market as a whole, a gap of 2.5 points. Small gaps like this are common, so they don't point to anything specific.
Part of a slide
−12.9% over 7 days and −14.3% over 30 days: the recent move continues the monthly direction.
This is analysis of past prices, not a prediction or financial advice.
About Astar
Overview
Astar is a burgeoning cryptocurrency designed to foster the development of decentralized applications (dApps) on a robust, scalable platform. It is built with the core mission of strategic interoperability, allowing it to bridge traditional blockchain networks with next-generation technologies. Astar seeks to enable developers and enterprises to innovate without the constraints typically presented by older blockchain architectures. It is distinctively characterized by its multi-chain functionality and support for cross-virtual machine communication, aiming to position itself as a foundational layer for the burgeoning Web3 ecosystem.
Technical Features
Astar utilizes a sophisticated consensus mechanism known as Proof-of-Stake (PoS), which ensures network security while maintaining high throughput and scalability. This architecture allows for seamless interoperability with various blockchain networks, enhancing its cross-chain capabilities. It employs a multi-layered security model combining PoS with sophisticated cryptographic algorithms to assure transaction integrity and data privacy.
One of Astar's distinguishing features is its support for multiple virtual machines, including Ethereum Virtual Machine (EVM) and WebAssembly (Wasm), enabling developers to deploy smart contracts in different coding languages. The network architecture is constructed to facilitate high-speed transactions and quick finality, leveraging advanced sharding technologies and off-chain computation to optimize performance.
Use Cases
Astar is primarily designed to support a wide array of decentralized finance (DeFi) applications, providing a framework for innovative financial products such as decentralized exchanges, lending platforms, and yield farming protocols. It also serves as a pivotal platform for developing non-fungible tokens (NFTs), offering unique tools for creating and trading digital assets across various ecosystems.
Moreover, Astar is equipped to manage cross-border payments, removing traditional barriers and offering quick, low-cost transactions internationally. Its smart contract capabilities are vast, enabling secure, programmable transactions that cover various industries worldwide, thereby reinforcing its role as a multi-faceted blockchain.
Development Background
Astar Network was initiated by forward-thinking blockchain engineers and enthusiasts who recognized the need for a scalable and interoperable blockchain solution. Significant contributors include industry-leading developers and technology experts who have collaborated with major blockchain organizations, contributing to its rapid growth and adoption. Since its inception, Astar has been part of several key milestones, including strategic partnerships with leading blockchain entities and successful future technology upgrades.
Community and Ecosystem
Boasting a vibrant ecosystem, Astar's community encompasses developers, investors, and enthusiasts who actively contribute to its ongoing growth. The network has garnered significant development support, highlighted by a robust roadmap and dynamic partnership integrations with leading technological firms. Diverse projects and applications across sectors like gaming, finance, and supply chain leverage Astar's unique capabilities, underscoring its versatility and appeal.
The Astar ecosystem thrives on community engagement, often hosting hackathons, educational webinars, and collaborative events to enhance developer collaboration and user adoption.
Future Potential
With its groundbreaking technology and versatile use cases, Astar is poised to make substantial impacts across multiple domains of blockchain application. As it continues to evolve, the potential for integrating more advanced features remains high. Upcoming developments noted on its roadmap include enhancements in scalability, privacy innovations, and expanded cross-chain capabilities, paving the way for broader adoption and innovation in decentralized technologies.
Astar's commitment to building a scalable and interoperable future could see it becoming a central conduit for blockchain interactions, influencing numerous industries and driving the growth of Web3 applications globally.
Astar market
- Position by market cap among the coins we track.
- #220
- Position by market cap among the coins we track.
- Price × coins in circulation. It measures a coin's size, not its quality.
- $53.89M
- Price × coins in circulation. It measures a coin's size, not its quality.
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- Low $0.006High $0.006524
- The lowest and highest price in the last 24 hours. The dot marks the current price.
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- $0.4216
- Now 1% of itReached 17 Jan 2022 · Needs +6,835% to get back
- The highest price this coin has ever reached. The bar shows today's price as a share of it.
- Coins that exist now and can be traded.
- 8.87B ASTR
- 89% of max
- Coins that exist now and can be traded.
- The most coins that can ever exist. Some coins have no limit.
- 10B ASTR
- The most coins that can ever exist. Some coins have no limit.
Astar converter
1 Astar = $0.006079
