About MathWallet
MathWallet is the Multichain Wallet for Web3 that enables token st orage of 100+ chains including BTC, ETH, Polkadot, Filecoin, Solana, BSC, Cosm os etc, supports cross-chain token bridges and multi-chain dApp store. Our inv estors includes Fenbushi Capital, Alameda Research, Binance Labs, FundamentalL abs, Multicoin Capital, NGC Ventures, Amber Group, 6Eagle Capital.
What is Asset Hub (Polkadot)?
Asset Hub (former Statemint ), which is Parity Technologies' parachain for generic assets, is being propos ed as one of the initial "common good" parachains on the Polkadot network. Its purpose is to facilitate the deployment of assets with significantly lower fe es compared to other solutions.
A generic assets chain would enable a us er to deploy an asset once they have deposited DOT (or KSM in the case of Kusa ma). However, in the case of approval from the relay chain governance, an asse t could be deployed without a deposit.
Polkadot ensures that accounts h ave a minimum balance, called an existential deposit (ED), which allows them t o continue operating. If an account falls below the ED threshold, then it is d eleted in order to prevent low value “dust” accounts building up.
The Asset Hub (former Statemint) parachain would enable a whole range of entities, from artists issuing NFTs of their work, to CBDTs (Central Bank Digital Token s) to have their assets deployed to the Polkadot network.
By allowing users who do not hold DOT or KSM to use these assets, they will be subject to less friction and lower fees. Therefore, Asset Hub (former Statemint) can be s een as an excellent use case for becoming one of the first common good paracha ins.
https://parachains.info/details/statemint