The web is dominated by centralized powerhouses such as Alphabet Inc., Microsoft, Amazon, Apple, and the likes. However, we need a user-focused web rather than corporations, says the innovators behind web 3.0. This technology (web 3.0) features the web on blockchain technology. The problem with blockchain is that there are several of them, with most of them not being interoperable. Astar is seeking to solve this issue of interoperability of these different blockchains. According to astarhub, Astar wants to realize the multi-chain vision of the future and become a sort of dApps-hub for Layer1 blockchains set (Ethereum, Cosmos, Binance Smart Chain, Solana, etc.).
What is Astar?
Astar Network is the #1 TVL Smart Contract Hub for WASM + EVM on Polkadot.
Since winning its Parachain auction in January 2022, Astar Network has become the top Parachain in the Polkadot ecosystem in Total Value Locked and most Ethereum assets transferred over. Astar Network is the leading smart contract hub that connects the Polkadot ecosystem to Ethereum, Cosmos, and all major layer 1 blockchains. Astar Network supports dApps using multiple virtual machines — namely WASM and EVM — and offers the best technology solutions and financial incentives via its Build2Earn and Astar Incubation Program **for Web3 developers to build on top of a secure, scalable, and interoperable blockchain.
What about Shiden?
Shiden (SDN) on the other hand is to Kusama what Astar is to Polkadot. Shiden seeks to do everything ASTR does but builds on Kusama, thereby acting as a canary network for ASTR.
The AirGap team is currently working hard on also implementing Shiden into AirGap. We expect the Shiden integration to be finished in the following weeks.
When it comes to maintaining and managing these networks, ASTR and SDN are critical components of the equation.
They are used for these purposes:
- Payment of transaction fees.
- Execution of smart contracts.
- Incentives of validators to produce blocks to support the network.
- Facilitation of on-chain governance system.
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