Starcoin - Proof of Work - C/N STC - Layered Smart Contract
New coin recently added to Coin Gecko with the Ticker STC.
https://www.coingecko.com/en/coins/starcoin
Here you can view more information about the coin
and here are the links to the technology and economy whitepapers
https://starcoin.org/en/overview/technology_whitepaper/
https://starcoin.org/en/overview/economy_whitepaper/
Let's be honest smart contracts have rocked the world and continue to stir things up the financial sectors for individuals, businesses and corporations around the world. In my opinion Starcoin looks very promising and I can't wait to see what products and features this project has for it's users in the future.
The Technology Whitepaper states
"Starcoin is a decentralized hierarchical smart contract network. It aims to provide a secured digital asset and a decentralized financial operation platform, so that the blockchain can be applied in more fields with a lower threshold. We have proposed a hierarchical blockchain model to create a goal that can guarantee the security of digital assets and achieve high performance and scalability. Security is the foundation of the blockchain. Starcoin has taken security as the primary goal from the beginning of its design. To ensure the security of digital assets, It has conducted in-depth exploration and improvement from multiple levels such as the base layer, consensus layer, protocol layer, extension layer, and application layer. In order to achieve the goal of decentralization, we base Starcoin on the foundation of the mature Satoshi Nakamoto consensus algorithm. We have made significant enhancements which makes Starcoin adaptive to the computing power of the network so as to achieve the balance between on-chain performance and stability. The transactions in Starcoin are processed on top of smart contracts, with the support of Move - a programming language exclusively designed for Starcoin. We use Move programming language to define the core mechanisms of the blockchain, such as digital assets and DAO governance rules. These core mechanisms can create a unique decentralized governance mechanism."
The Technology Whitepaper also states
"Starcoin is a new generation of public blockchain infrastructure, a hierarchical, decentralized blockchain system.
Layer I of Starcoin focuses on providing the basic capabilities for producing, managing, and trading digital assets, with which users can define assets safely and quickly and flexibly perform asset transfer and exchange with the help of smart contracts.
Layer II of Starcoin focuses on addressing the scalability and performance issues during the transfer and exchange process of the digital assets. Due to the unique design of Starcoin, the Starcoin Layer II can use the data of Layer I, and Layer I can also verify the calculation results of Layer II. Both Layer I and Layer II are organically combined, and the digital assets can circulate freely between the two layers.
The impossible trinity of blockchain has long been an existing problem of blockchain-based systems. The impossible trinity of blockchain refers to the fact that a blockchain system cannot be strongly scalable, fully decentralized, and perfectly secure at the same time. Usually, only two of them can be achieved simultaneously."
Starcoin has a bright future if they can continue to deliver on their promises. I can see massive adoption and the mining scene is already exploding. Starcoin reports weekly and is constantly posting on social media and other platforms.
Make sure to do your own research.
Some resources to find out more about Starcoin
Here are some links to there social media pages
https://twitter.com/StarcoinSTC
This is not financial advice and I am not a financial advisor.