The new generation Libra open public chain Starcoin officially launched its mainnet, previously receiving investments from Xingkong, Shenyu, and others
The Starcoin mainnet is officially launched.This article is sourced from the official Starcoin.
On May 15, 2021, the Starcoin community invited blockchain industry media, ecological partners, investors, and technical experts from the programming industry to participate in and witness the launch ceremony before the release of the Starcoin mainnet. The Starcoin community will jointly launch the Starcoin mainnet at the block height of 310,000 on the Barnard test network.
At 12:15 PM Beijing time on May 18, 2021 (Tuesday), the Barnard network reached a height of 310,000, and the Starcoin mainnet was officially launched. The hash of this block height has been used as the parent hash of the founding block of the Starcoin mainnet, generating the genesis block: 0x80848150abee7e9a3bfe9542a019eb0b8b01f124b63b011f9c338fdb935c417d.
It is understood that Starcoin is a blockchain project designed for decentralized finance with a layered architecture, inspired by Facebook's Libra released in 2019. Its goal is to establish a simple financial infrastructure for ordinary users and uses its specially designed smart contract language Move for decentralized financial networks and digital assets, achieving an open and permissionless public chain.
Starcoin is the first public chain project in the industry to support the Move ecosystem, with its core code developed by Westar Labs.
Starcoin inherits Bitcoin's excellent security mechanisms and provides high transaction throughput capabilities by improving the PoW algorithm and introducing a multi-layer network.
- Enhanced Satoshi consensus protocol, maximizing throughput while ensuring security
- Flexible decentralized on-chain governance system, ensuring the continuous evolution of the chain
- Next-generation smart contract programming language Move, virtual machine, and standard library, aimed at asset programming
- Layered network model, with both Layer 1 and Layer 2 addressing the scalability challenges of blockchain
"Starcoin provides a pathway to solidify most governance rules on-chain in the form of contracts, achieving decentralized, open, and efficient governance goals," said Tim Yang, head of the Starcoin China community, in an interview with the media. "Starcoin may be the first public chain that can be upgraded without a hard fork."
It is reported that Starcoin has received investments from several important figures and institutions in the industry, including Xingkong, Shenyu, Yema, Wang Chun, Liu Jingchao, Pan Zhibiao, Lin Jiapeng, ngzhang, and others.
Xingkong, founder of Bixin Wallet, stated: "We believe that the underlying blockchain cannot solve all problems; the entire system design needs to be layered. Therefore, the combination of Layer 1 and Layer 2 is a direction we are very optimistic about. At the same time, Starcoin combines the secure smart contract Move, making it one of the most innovative public chain projects with top technology in the industry."
Shenyu, CEO of F2pool, is also very optimistic about Starcoin's technical strength, stating, "Starcoin aligns with our understanding of the future path of performance expansion. In the new field of smart contracts, they have pioneered a new direction, almost solving the known defects in Layer 1 and Layer 2 public chain design."
2021.5.15 New Generation Libra Open Public Chain Starcoin Mainnet Launch Conference - Roundtable
Starcoin Milestones
In the second half of 2018, the Starcoin community was established.
At the end of 2018, the Starcoin white paper version 1.0 was officially released.
By the end of 2019, the Stargate prototype was successfully realized, and it was officially announced that Move would be used as the smart contract language, jointly developing the Move ecosystem with Libra.
On April 9, 2020, Starcoin v0.1 was released, launching the Halley test network.
On August 6, 2020, Starcoin v0.4 was released, launching the Proxima test network.
On February 6, 2021, the Starcoin block explorer went online.
On March 27, 2021, Starcoin v1.0.0.beta was released, launching the Barnard test network.
During this period, the "Security Bounty Program" and multiple rounds of "Testnet Mining Reward Activities" were conducted, inviting blockchain enthusiasts and mining users from around the world to participate in network testing, providing generous rewards to early supporters while helping the team better test and improve network security and performance.
On May 18, 2021, the Starcoin mainnet was officially launched.
Future Development Roadmap:
1) The first batch of Move ecosystem project plans for Starcoin is expected to launch in June 2021, building and improving the DeFi ecosystem.
2) The Starcoin Layer 2 plan is expected to launch in July 2021, creating a Layer 2 for Starcoin.
After years of refinement and accumulation, Starcoin has ushered in the historical moment of the mainnet launch, officially opening the vast starry sky of the new generation Libra open public chain. In the future, Starcoin will build a highly competitive ecosystem.
