As the blockchain industry continues to confront technical bottlenecks and the notorious “trilemma” of balancing security, scalability, and decentralization, breakthroughs are urgently needed to inject new vitality into the ecosystem. Starcoin 2.0, the only public blockchain based on an enhanced Nakamoto PoW consensus mechanism and the Move programming language, has been dedicated to innovating PoW scalability since its inception in 2020.

From Concept to Practice

Since the announcement of Starcoin 2.0 in 2023, our team has relentlessly worked to overcome unprecedented challenges. In 2023, we achieved significant progress by introducing high-performance parallelization technology that increased TPS by a hundredfold in our test environments. With the crisis now nearing resolution, we are poised to implement a comprehensive upgrade to our scalability technologies, aimed at restoring and enhancing Starcoin’s value.

Breakthrough Technological Achievements

1. Clear Ownership of State Storage

• Issue:
  Traditional account models (like Ethereum’s) lead to unclear contract state ownership and the “state explosion” problem.
• Starcoin’s Solution:
  • Discontinuation of contract accounts—any account can deploy smart contracts under its own address.
  • Revamped state storage mechanism in the smart contract language, allowing developers to assign contract states to specific user addresses.
    This improvement not only clarifies state ownership but also enhances security and enables advanced state billing functions.

2. Easy Gas

• Traditional Challenge:
  Native tokens are often required to pay gas fees, creating friction when user accounts lack these tokens.
• Starcoin’s Innovation:
  Our Easy Gas mechanism allows users to pay gas fees with any supported token on the Starcoin network. Governed through Starcoin DAO, this flexible system reduces transaction constraints, enhances scalability, and simplifies the user experience.

3. On-Chain Governance: DAO

• Decentralized Control:
  Starcoin DAO promotes transparent and efficient governance by streamlining proposal and voting processes on-chain.
• Benefits:
  • Security & Transparency: All decisions are recorded on-chain, ensuring tamper-proof governance.
  • Efficiency: Eliminates intermediaries, speeding up decision-making.
  • Community Empowerment: Every token holder has a voice in the network’s future, driving collaborative development.

Looking Ahead

The Starcoin 2.0 mainnet soft launch is just the beginning. In future updates, we plan to introduce additional features such as:

• TurboSTM Parallel Processing: For even greater transaction speed and efficiency.
• Further Consensus Optimizations: To continue improving network scalability and security.
• Expanded DAO Governance: To foster deeper community involvement and transparent decision-making.

As we prepare for the mainnet launch, we remain committed to building a decentralized, scalable, and efficient blockchain infrastructure that meets the demands of the evolving Web3 ecosystem.

Stay tuned for more updates on our journey as we continue to push the boundaries of blockchain innovation. Join us in this transformative journey toward a resilient digital future!