By 2009, a new income stream had entered the digital scene, marked by Bitcoin’s “Genesis Block.” Years later, another pacesetter in the Proof-of-Work (PoW) sector is making a game-changing enhancement to cryptocurrency mining within the Move ecosystem.

Starcoin, the first PoW public chain based on Move, recently launched an upgrade to Starcoin Move7 as part of our new phase, Starcoin 2.0.

With Move7, Starcoin enables compatibility with mainstream Move dApps, allowing developers to effortlessly migrate existing dApps to Starcoin 2.0 without needing to rewrite code.

For developers, this provides greater flexibility and control over their projects. Below, we explore how this compatible public chain upgrade positions crypto miners to benefit as a core part of Starcoin’s PoW ecosystem:

1. Increased Token Utility

An interconnected ecosystem elevates the value of mining rewards—given as native tokens. This occurs because:

• Utility of native tokens grows as more dApps rely on them for transactions, gas fees, and staking.
• Demand for the tokens rises, potentially driving higher market valuation.

2. Higher Transaction Volume

As dApps migrate onto the Starcoin framework, the network stands to see:

• Significant increase in transaction volume.
• More transactions for miners to process, leading to higher block rewards for successfully mined blocks.

3. Multiple Income Strategies

By supporting mainstream Move dApps, tokens earned from mining can be used across multiple chains for:

• DeFi applications such as governance, yield farming, or contributory roles.
• Staking or trading on different platforms, diversifying a miner’s revenue options.

4. Future-Proofing PoW Relevance

With Starcoin’s Move7 upgrade:

• PoW mining remains viable in a modern, utility-based chain environment.
• Miners maintain relevance and profitability as the blockchain landscape evolves.

Conclusion

Starcoin’s approach empowers network participants and distributes value based on merit. Our commitment to interoperability and continuous upgrades not only enriches the ecosystem but also reinforces the true principles of the Proof-of-Work model.

Join us in realizing a sustainable ecosystem that preserves the integrity and opportunity of PoW mining, enabling a 21st century income stream for contributors worldwide.