About Math Wallet
MathWallet is the Multichain Wallet for Web3 that enables token storage of 100+ chains including BTC, ETH, Polkadot, Filecoin, Solana, BSC, Co smos etc, supports cross-chain token bridges and multi-chain dApp store. Our i nvestors includes Fenbushi Capital, Alameda Research, Binance Labs, Fundamenta lLabs, Multicoin Capital, NGC Ventures, Amber Group, 6Eagle Capital.
What is Asset Hub (Polkadot)?
Asset Hub (former Statemi nt), which is Parity Technologies' parachain for generic assets, is being prop osed as one of the initial "common good" parachains on the Polkadot network. I ts purpose is to facilitate the deployment of assets with significantly lower fees compared to other solutions.
A generic assets chain would enable a user to deploy an asset once they have deposited DOT (or KSM in the case of Ku sama). However, in the case of approval from the relay chain governance, an as set could be deployed without a deposit.
Polkadot ensures that accounts have a minimum balance, called an existential deposit (ED), which allows them to continue operating. If an account falls below the ED threshold, then it is deleted in order to prevent low value “dust” accounts building up.
Th e Asset Hub (former Statemint) parachain would enable a whole range of entitie s, from artists issuing NFTs of their work, to CBDTs (Central Bank Digital Tok ens) to have their assets deployed to the Polkadot network.
By allowin g users who do not hold DOT or KSM to use these assets, they will be subject t o less friction and lower fees. Therefore, Asset Hub (former Statemint) can be seen as an excellent use case for becoming one of the first common good parac hains.
https://parachains.info/details/statemint