Initial View About Astar zkEVM

The unveiling of Supernova signals @AstarNetwork’s expansion to @ethereum, a strategic move to accelerate Astar’s growth and advance #Web3 adoption

Recognizing the broader vision is key to grasping its significance for Astar and @Polkadot development

Thread below

#Polkadot #DOT

1. WHAT IS ASTAR ZKEVM?

👉Astar zkEVM is an Ethereum Layer 2 scaling solution

👉With the launch of Astar zkEVM, they are expanding
@AstarNetwork
’ cross-chain capabilities, creating the tech stack to bring billions into web3

#ZKP #ZKevm

2. Why zkEVM?

A zkEVM merges zk-rollups and #EVM by replicating Ethereum’s environment within zk-rollups and providing cryptographic proof of correctness

A key benefit is that zkEVM allows portability of existing EVM dApps =>devs can readily expand their protocols

#dApps

3. Tech

For Astar zkEVM, They’re working with
@0xPolygonLabs
and using its CDK

The Polygon CDK Implementation Partner program is an initiative that seeks to leverage the expertise of trusted partners to build & power customized app chains with compliance implementation options

4. Purpose

Astar Network has no plans to transition/move out of
@Polkadot
. Instead, they aim to enhance both ecosystems’ interoperable on the token transfer level with existing Astar VMs and on the cross-contract interoperability level with strong partners

#Astar #ASTR

5. ASTR use cases

Astar zkEVM uses the #ASTR token in 3 new ways: as the gas fee for tooling, in the burning mechanism with the sequencer, and in burning incentivized tokens to the network aggregator

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