Starcoin

Overview

Starcoin is a smart contract platform and cryptocurrency that aims to build a decentralized financial system. It implements a layered architecture and uses Move programming language, originally developed by Facebook/Meta for the Libra/Diem project.

Purpose and Utility

The primary purpose of Starcoin is to serve as a platform for decentralized applications with a focus on digital assets and smart contracts. The STC token is used for network governance, transaction fees, and staking.

Platform Analysis

The project maintains an active GitHub repository with regular commits and updates. The Move language implementation offers enhanced security features for digital asset management. The platform supports smart contract deployment and execution.

Current Usage

While the platform has functioning technology and active development, current usage appears limited primarily to trading on exchanges. The ecosystem includes some DeFi applications and NFT projects, though adoption remains modest.

Token Distribution

Information about the exact token distribution is limited in public sources. The project implements a Proof of Work consensus mechanism where new tokens are minted through mining.