| Blockchain Name : | Stargaze |
| Blockchain Code : | STARS |
| Layer : | Layer 1 |
| Consensus Mechanism : | Proof of Stake |
| EVM Compatible : | No |
| EVM Chain ID : | |
| Native Coin Code : | STARS |
| Native Coin Name : | Stargaze |
| Project Link : | https://stargaze.zone/ |
| Whitepaper : | https://docs.stargaze.zone/introduction/what-is-stargaze |
Stargaze is a blockchain platform designed specifically for the creation, trading, and management of non-fungible tokens (NFTs). It aims to provide a decentralized, community-driven ecosystem that supports artists, creators, and collectors in the digital art space.
Stargaze employs a Proof-of-Stake (PoS) consensus mechanism. In PoS, validators are selected based on the number of Stargaze tokens (STARS) they hold and stake. This mechanism enhances network security, reduces energy consumption compared to Proof-of-Work (PoW), and ensures decentralization by incentivizing validators to act in the network's best interest.
Stargaze integrates several protocols to support the creation and management of NFTs. The platform supports smart contract functionality, allowing developers to create and deploy decentralized applications (dApps) tailored to the NFT market. This includes applications for minting, trading, and auctioning digital art and collectibles.
Stargaze also supports Inter-Blockchain Communication (IBC) protocol, enabling seamless interaction and asset transfers between different blockchain networks within the Cosmos ecosystem. This interoperability enhances the utility and accessibility of NFTs across various platforms and services.
Stargaze's infrastructure is designed to support a wide range of use cases within the digital art and collectibles space. One prominent application is the creation and trading of NFTs. Artists and creators can mint unique digital assets on Stargaze, which can then be bought, sold, and traded on the platform's decentralized marketplace. This provides artists with new revenue streams and collectors with a secure and transparent way to own and trade digital art.
Another significant use case is in the realm of decentralized finance (DeFi) applications related to NFTs. Stargaze enables staking and yield farming for NFTs, allowing users to earn rewards and incentives. This increases the utility and value of digital assets and promotes active participation within the community.
Stargaze also supports community governance, allowing token holders to participate in decision-making processes that shape the future of the platform. This includes voting on protocol upgrades, feature implementations, and other important decisions, ensuring that the platform evolves in a way that aligns with the interests of its users.
