✨,✨Starcoin: The future of blockchain is interoperable, scalable layered architecture
As we approach the EOY 2022, Starcoin has requested community submissions in relation to individual experiences with the blockchain over the past year. To start things off, I’m including my anecdotal post here before getting into the meat of what I want to cover.
I got involved with Starcoin during the peak of the bull market in December 2021. After doing some initial research, I found Starcoin to be a project that best exemplifies the solution for Vitalik’s Blockchain Trilemma. I ended up acquiring more than a dozen ST boxes over the year, spun up my own node on my windows computer, and figured out how to solo mine with results comparative to pool mining. Still, I lend the most weight to the team’s commitment to decentralization, starting with the blockchain’s foundational DAO and following through its entire operating strategy. You can get involved in Starcoin simply by being present and contributing to the community, and over time this translates into tangible dividends for individuals. Depending on your skill set, I absolutely recommend doing so~ this is how a truly decentralized community is born around a common core ethos. With its first mover advantage in Move, Proof of Work consensus algorithm, ground-up swap build, bridge to $ETH and recently its interoperability across the Move ecosystem, I am very satisfied with the consistent output of quality tech by Starcoin. Even in bear market conditions, Starcoin consistently has performed better than its counterparts and even hit an ATH. I have LP farmed since Starswap launch and continue to hold every STC & STAR that I have either mined or DCA’ed at varying price points. Depressed global markets caused a lot of liquidity to flee the crypto space and most projects stopped building, but Starcoin has continued to deliver groundbreaking tech advancements in the bear while competitors with a similar market fit have stalled and have nothing to show for the time elapsed. With its likely focus on its ZKrollup & Layer 2 development for the upcoming year alongside continued interoperability with the Move ecosystem that encapsulates near ~1 billion in investment, I am very optimistic about Starcoin and its future. The future of blockchain is interoperable scalable layered architecture and Starcoin is leading the way by being uncompromising in its commitment to rolling out and building the best tech in blockchain.
~Ren
Vitalik’s Blockchain Trilemma revolves around speed, security, and stability. I’ve covered this topic in depth in a previous post, so feel free to refer back to that for a more nuanced explanation. As mentioned in my above quoted post, I am a firm believer in the fact that the future of blockchain is interoperable, scalable, layered architecture.
An essential component of any blockchain, however, revolves around its security. If exploits abound for hackers to drain the chain’s liquidity to zero, of course the blockchain and its users will suffer. Which is why Starcoin utilizes Move.
Move is a next-gen programming language created by Sam Blackshear for Facebook’s (Meta) blockchain project, Diem. Move is the most secure programming language in blockchain with native smart contract capabilities.
The Move ecosystem has since exploded with market entrants by Aptos & Sui, both heavily VC funded Proof of Stake & Authority projects respectively. Aptos gathered 500M in funding and deployed on mainnet straight to big name exchanges, including Coinbase. Sui boasts Sam Blackshear as CTO and its project also raised around 300M.
What does this mean for Starcoin? Incidentally, many users are not quite satisfied with the Proof of Stake model funded in insular seed rounds by venture capital and then offered to retail at premiums. Starcoin was born as a research project built by a small team focused on fundamentals and the best (open-sourced) tech, and has since stayed true to its roots. Its Proof of Work consensus model is extrapolated from CryptonightR — Monero’s original algo prior to its move to RandomX — is entirely robust — and it has zero VCs.
At this point, there is no doubt that the Move ecosystem will continue to grow, and its market participants are likely to crown the Top 10 projects in blockchain in the next bull run. It is rather telling, then, that Starcoin was the first-mover in this space with its mainnet launch in 2021. Its Layer 1 boasts ~4600 TPS, comparable to Avalanche, but the blockchain never intended to stop there. Starcoin espouses a layered architecture design, and its Layer 2 will achieve near-instant finality with a ZKrollup and speeds two orders of magnitude greater than its Layer 1. It even factors in a potential third layer for near-infinite scaling potential.
Tangentially, Starcoin will only benefit from the Move ecosystem explosion. There is already a growing concentration of developers gathering in the space, and Starcoin has positioned itself beautifully to take advantage of this with its involvement in Movebit, a security audit firm. In my opinion, this is a stroke of genius, as the combined wit of so many developers will produce a veritable sea of novel DAPPs that all users will benefit from exposure to.
Starcoin continues to iterate despite the global macro economic conditions, ensuring interoperability across the Move ecosystem via deploying its DEX, Starswap, to Aptos. Already a bridge is underway and by my estimates nearly ready to connect the two ecosystems for seamless transition of assets between the two blockchains. When the average anon is netted by the Move ecosystem and its blockchains, the rabbit hole leads straight to Starcoin.
If you’ve a mind to dive into a fully decentralized blockchain designed around its own DAO, working on the bleeding edge to build the best tech in Blockchain while eschewing VC funding, there’s only one option: Starcoin.
~Ren
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