Novastro as a Layer 2 Chain on Movement Labs
Last updated
Last updated
Competitors in the tokenized RWA space include big players such as Securitize, Polymath, and tZERO —all of which take slightly different approaches to asset tokenization. In contrast, Novastro’s ecosystem leverages the capabilities of Movement Labs, which provides:
Scalability for large transaction volumes of over 10,000 TPS, handling large-scale asset tokenization without compromising network performance.
Interoperability for true cross-chain operability.
Low transaction fees for an improved user experience
Security is anchored to a robust underlying blockchain, with periodic state commitments ensuring the L2 chain remains trust-minimize.
Movement Labs enhances the Novastro ecosystem by integrating advanced bridging technologies, particularly through the addition of Wormhole support. This development aims to facilitate seamless interoperability between different blockchains, allowing for greater flexibility and utility of RUSD across various platforms.
The integration of Wormhole support simplifies the process of bridging assets. Users can easily move RUSD without needing to navigate complex processes, making it more user-friendly and encouraging broader adoption. Novastro can scale its operations to accommodate a growing user base and transaction volume, ensuring that the platform remains efficient and responsive.
Wormhole also employs robust security measures to ensure that asset transfers are safe and reliable. This is vital for maintaining user trust in the Novastro ecosystem, especially when dealing with real-world assets.
Novastro Chain leverages the power of cutting-edge technologies, such as Movement Labs and Wormhole, to deliver a fast, secure, and highly scalable decentralized ecosystem. The architecture of this platform is designed to maximize capital efficiency, liquidity, and interoperability while providing a seamless user experience.
