starcro

Starcro is a combination of the words Star and Cronus. Stars is regarded as the most fundamental building blocks of galaxies, and the numerous and luminous stars in the sky exemplify the distributed provers(participants, nodes) of the Starcro network. Cronus is known as the leader of the first generation of Titans, and the ruler of the universe in Greek mythology. Thus, according to its origin of the word, Starcro Project exists for connecting the world and expanding the global scope through the distributed and decentralized blockchain technology in the 4th Industrial Revolution.

The blockchain and digital asset of Starcro may look like others at first glance, but Starcro definitely has its unique distinguishment. Instead of using common consensus algorithms such as PoW(Proof-of-Work) or PoS(Proof-of-Stake), Starcro developed the own mechanism called PoX(Proof-of-eXpansion).

Through the PoX, Starcro’s digital asset does not created by the monopolistic hash power. Instead, what you need to do is simply download and run a Starcro digital wallet application, and introduce other nodes to Starcro. This means any expensive mining hardware is not needed in order to get Starcro mining rewards.

Thus, PoX is an eco-friendly mechanism which is different from PoW, since no extra energy is needed when generating new digital assets. Moreover, PoX is truly distributed and decentralized system which is unlike PoS, since the rewards are given according to the node distribution.

Recently, 58 billion people are using smartphones and every year 14 billion smartphones are distributed globally, so the smartphone market is considered as the biggest electronic device market in the history. At the point of starting the 5G era, the hyper-connected society that every people in the world is connecting to each other has been developed and is in the final phase of its completion. In the new era, almost every digital records will be converged in the real-time, and billions of devices not only detect and communicate each other, but also transfer and monitor personal health care data, and even manage the governmental system.

According to this trend, it is considered that smartphones will bring the realization of token economy forward. Therefore, Starcro operating system is designed to be compatible with smartphones, and focused on making a convenient and easy mining system on smartphones.

Fundamentally, when it comes to blockchain in the daily-life, the most important things to consider are token economy design and its installation on the platform. The core of token economy is the design the structure that enables reasonable rewards to every participant and make it realize.

Until today, only the interested parties of platform business have monopolized the rewards from the platform value creation. However, the platform business in the new era, every user should get rewards for creating values for other users, and it’s the biggest difference from the present platform business. Thus, the most important thing to consider when providing blockchain platform service is how to design the reward mechanism based on the healthy token economy. The reward system should be deliberately designed considering the specific conditions, amount, scope, and rate.

Thus the result of elaborate research is Starcro rewards system which focuses on nodes distribution and platform scalability. Firstly, in order to improving nodes distribution, Starcro implemented MGM marketing strategic reward system. Every month only 19.5 million XSC will be issued, and every node gets monthly rewards for at least 30 years which avoids breakaways and even derives nodes’ loyalty to Starcro. Secondly, in order to improve platform scalability, the current digital wallet application will provide almighty platform services by adding various business contents.

Through the innovative changes of the reward mechanism, Starcro is easy to join and participate, and every participant gets reasonable rewards and trades conveniently. This is how Starcro made the foundation of new-era blockchain platform which numerous nodes can be connected and distributed in the short period of time.