- BlockStar is an immense decentralized ecosystem of usercentric platforms redefining how people engage in social media,create and share content,and transact in cryptocurrency worldwide. - With a philosophy rooted in data #privacy ,BlockStar introduced an ecosystem that ends the traditional business model of unfettered access to user data,and brings about a realm where the pendulum of content monetization is shifted to favor the content originator.BST Token is BlockStar’s native token,which is ERC20 compliant,powers the BlockStar ecosystem and fuels the BlockStar blockchain. - BlockStar’s BST Token is used for transaction fees,ecosystem advertising pools,platform user rewards,and to secure the BlockStar network.A flagship component of the BlockStar ecosystem is their third generation blockchain,which bedrocks all the BlockStar platforms. - This powerful dyad of Byzantine Fault Tolerant consensus protocols is a hybrid model blockchain secured by two settlement layers that were developed simultaneously. - The BlockStar Layer 2 solution is a sidechain of the Layer 1 base layer and utilizes a Proof of Stake methodology where individual transactions are organized into blocks and confirmed by validators. - BlockStars Layer 1 protocol is a trustless Proof of Work mechanism that verifies sets of blocks previously generated and confirmed by randomized Layer 2 validators. - This interaction produces an exceptional combination of workflows which delivers toptier security,speed,and scalability. - In addition,Layer 2 of the BlockStar blockchain is Ethereum Virtual Machine EVM compatible allowing for seamless interoperability to and from other blockchains and provides a phenomenal arena for developing Layer 3 dApps or state channels..
Summary of the coin BlockStar
highest price statistics: 0.13 $USD
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