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It is Japan's most popular smart contract platform supporting both EVM and Web Assembly (Wasm) environments, and interoperability between them using a Cross-Virtual Machine. It is designed to be a smart contract hub for the Polkadot ecosystem, providing developers with a one-stop shop for building and deploying dApps.
Rely Chain- It is the heart of Polkadot which is composed of a small number of transactions and is responsible for the network's security, consensus, and cross-chain interoperability.
Palkadot uses a sharded model called "para chains" to allow transactions to be processed parallelly.
Astar zk EVM-
It is the first layer 2 network of the Ethereum Virtual Machine (EVM), a zero-knowledge (ZK) rollup scaling solution. It's just like using Ethereum, but with the groundbreaking scaling power of ZK tech," It helps to improve scalability, shared scalability, and EVM equivalence. Its key features
Higher TPS than ETH via zero-knowledge technology
High EVM equivalency
Low transaction cost compared to Ethereum
Build2Earn-
On the Astar network, developers who build dApps can receive rewards by dApp staking. At every block on the network,a portion of the rewards is allocated to dApp staking.
DOTUSD prices surged more than 280% from the Oct low of $0.0385.It hit a high of $0.15 and currently trading around $0.1190. The pair is holding well above the short-term (21 and 55-day EMA) and long-term moving average (200-day EMA).
The near-term resistance is around $0.15, any indicative breach above will take the pair to $0.25/$0.30. On the lower side, immediate support is $0.070, and any violation below targets $0.050/0.0325.
Indicators ( Daily chart)
CCI(50)- Bullish
Directional movement index - Bullish
It is good to buy on dips around $0.10 with SL around $0.070 for TP of $0.25.
