Star Net is a Layer 2 side chain created for the main purpose of NFT transactions.
JAPAN, Feb. 23, 2022 /EINPresswire.com/ — Star Net is a Layer 2 sidechain created with the aim of supporting NFT transactions. It brings speed, affordability while solving issues related to fraud and access.
After NFT was named the hottest keyword of 2021 last year, the addiction boom for NFT continues to intensify. This trend highlights the possibility that NFT is likely to become a major paradigm shift rather than just a fad.
Most transactions in human history to date have been transactions involving real assets. Recent Digital File Transactions There have been a few, but this market has been very small. The reason was that files were easy to duplicate. But now that NFT is possible, it’s an era where all intellectual and digital assets can be traded on the internet.
It can be said that NFT is a creation created by using blockchain technology when it emerged.
NFT can be defined in one word as “digital asset”. To trade these digital assets, people need a blockchain highway that can load and move NFT assets. The highway of blockchain so far is bitcoin, ethereum, etc. Just like trucks, cars and vans travel on this highway.
NFT transactions were also moved through a highway called Ethereum, but it was too crowded with traffic and slow. At Star Net, they found that road speed is not a road for NFTs to travel on. Hence, they realized they needed a new highway for NFT transportation.
Some companies are building new highways next to the Ethereum Highway, and this new highway is called Side Chain or sometimes Layer2 Chain.
The most representative highways built for the main purpose of the NFT movement are Star Net and Polygon. Although Polygon was not originally developed for NFT trading, it has gained wide popularity due to its fast processing and low transaction price. Created by Indian developers, Polygon is currently processing so many NFTs that the number of cases per day reaches 5 million. In addition, by attracting large investments, new technology startups are acquired for development.
Star Net is a Layer 2 side chain created for the main purpose of NFT transactions. Starnet, manufactured by Metabox, has solved four dilemmas of the NFT market. Speed, cost, fraud problem and access problem. Star Net has increased the transaction speed by more than 100,000 transactions per second, and the transaction cost is less than 1 cent. Star Net also solved the cheating problem with anti-cheating engine to filter the cheating graphs in the NFT. By allowing novice developers who don’t know the blockchain language at all to run all of NFT’s services, Starnet managed to attract 20,000 users in just a month.
A key spokesman for Star Net was quoted as saying, “We’ve seen operating systems like Windows, Mac and Linux play an important role on the PC, but Android and iOS have taken on new roles in the newly emerging mobile environment.”
It is difficult to predict which new platform will dominate the market, but it seems certain that new platforms for trading NFT digital assets will emerge in the future.
To learn more, visit: http://www.starnetnft.com
Andy Lee
MetaBox
[email protected]
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February 23, 2022 at 10:51 am GMT
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