As per the given statements, it has been clarified that the Polkadot Relay Chain lacks support for smart contracts. Consequently, the presence of a parachain becomes crucial in order to cater to developers aspiring to establish their ecosystem within the Polkadot framework. Astar has taken the initiative to address this need by offering a comprehensive solution that aids developers by embracing the EVM (Ethereum Virtual Machine) and establishing a parachain that allows seamless coexistence and interaction between EVM and WASM smart contracts. Stay updated with the most recent financial and business news by visiting COINTURK FINANCE.