Starcoin (STC) is a decentralized hierarchical smart contract network that strives to provide a digital asset and a decentralized financial operation platform. This network aims to lower the threshold for blockchain application in various fields. Drawing inspiration from Facebook's 2019 Libra project, Starcoin is a public permissionless blockchain project that supports the Move ecosystem. It inherits Bitcoin's security mechanism and seeks to deliver high transaction throughput by improving the Proof of Work (PoW) algorithm and introducing a hierarchical network.

Starcoin operates on a hierarchical smart contract network, which is designed to provide a digital asset and a decentralized financial operation platform. It uses an enhanced version of the Satoshi Nakamoto consensus protocol, which is designed to balance on-chain performance and stability. Transactions in Starcoin are processed on top of smart contracts, with the support of Move - a programming language exclusively designed for Starcoin. This language is used to define the core mechanisms of the blockchain, such as digital assets and DAO governance rules, striving to create a decentralized governance mechanism.

Starcoin aims to provide a platform for the application of blockchain in various fields by lowering the threshold. It is designed to support the Move ecosystem, which can be used to create digital assets and decentralized governance mechanisms. This makes Starcoin potentially useful in any field that could benefit from decentralized transactions and governance. This includes, but is not limited to, fields like finance, supply chain management, and data management.

Starcoin was inspired by Facebook's 2019 Libra project and is a public permissionless blockchain project that supports the Move ecosystem. It was designed to inherit Bitcoin's security mechanism and improve upon it by introducing a hierarchical network. This network is designed to provide a digital asset and a decentralized financial operation platform, with the goal of making blockchain more applicable in various fields. Since its inception, Starcoin has been focused on improving the Proof of Work (PoW) algorithm to deliver high transaction throughput.