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Starcoin is a layered smart contract and decentralized financial network.
Starcoin has inherited the excellent security mechanism of Bitcoin, and by improving the PoW algorithm and introducing a multi-layer network, it provides the ability of high transaction throughput. In addition, we have created a layered smart contract model that can provide a secure and stable cryptocurrency infrastructure and can meet the performance requirements of DeFi.
STC is the native Token of the Starcoin network. Its current main uses are:
Paying the gas fee for transactions.
Pay the state space fee (after the future state billing mechanism is activated).
For on-chain governance voting.
In the future, with the maturity of the ecosystem on the chain, STC will have more and more usage scenarios.