Category

Blog

Stratis AMA on Binance Telegram with Chris Trew

On the 23rd February, Binance organised a Stratis AMA with Our Founder and CEO Chris Trew on their Official English Telegram Channel.
Host: Q1: How does Stratis plan to compete against leading Smart Contract development platforms?
Answer: Through hard work, determination, and technical excellence, the Stratis Smart Contracts platform is the only platform in the world that provides native C# Smart Contract execution. A significant amount of research and development was allocated to building a platform that leveraged a feature-rich framework such as that offered by the Microsoft .Net Framework—resulting in a familiar and trusted development environment. This, coupled with breakthrough products such as Stratis InterFlux, which provides interoperability between Ethereum and other chains, such as Binance’s Smart Chain in the future, enables Stratis Platform to be leveraged both as a scaling solution and as alternative smart contract platform. This combined with simplified integration into existing financial applications and enterprise line of business applications that are developed utilising the .net framework gives Stratis a unique position in the marketplace.
 
Host: Q2: What are the benefits Stratis Masternode, can we touch on that topic?
Answer: By operating a Stratis Masternode, you play a role in validating and securing the Stratis Smart Contract Sidechain. Also, Masternodes validate cross chain transactions through Stratis InterFlux interoperability protocol. Each block validated by a Stratis Masternode is rewarded from a share of a block reward generated on the Stratis Mainchain (STRAX). This equates to, on average, 17,280 STRAX being autonomously distributed to operating Masternodes every day. To put this into context, if there were 50 operating Masternodes, each Masternode would be rewarded, on average, 345 STRAX per day.
As projects, such as the recent AMM style DEX OpDex, continue to build on the Stratis Platform and utilize Stratis Sidechain’s more rewards will be distributed through an uptake in utilization. Rewards will also be generated by other services hosted on the Stratis masternodes in future.
This masternode reward combined with staking provides a very competitive APY.
 
Host: Q3: How does Stratis intend to gain adoption?
Answer: Stratis is already engaging with several high-profile marketing organizations to cement Stratis’ name as the go to enterprise-ready PUBLIC Blockchain Technology platform and to build the awareness of Stratis within the wider crypto audience. The marketing efforts will be complemented by Stratis also interacting with huge .Net focused development groups and developer communities, creating rich development-focused content. Stratis will encourage development groups and individuals to build on our platform and support those who commit to building end-to-end solutions utilizing Stratis Technologies.
We are also solving some of the key hurdles that must be overcome to achieve mass adoption of blockchain and DeFi technologies, mainly interoperability, integration with existing systems and the use of class leasing development tools.
 
Host: Q4. Do you have any plans to work with the UK Government or large UK Corporations?
Answer: Stratis is headquartered and registered in the UK, we chose to incorporate Stratis in the UK, so we could work with local governments and other organisations that will only work with UK based companies. Stratis is focused on securing business within the UK and is working with several technology partners including Triad Group Plc, a leading IT Service provider in the UK.  We are also discussing with a consortium of a top ten international law firm, an established global auditing company regarding a GBP stable coin utilizing Stratis Technologies and governed by a consortium of blue chip companies.
 
Host: Q5: What does Stratis plan to do in the coming months?
Answer: The coming months will see Stratis meet the development roadmap items which we have set forth on our roadmap. The DeFi Software Library excites me the most – introducing several highly utilized projects codebases to the Stratis Platform, showcasing our platform’s flexibility and validity while also providing practical use-case examples for new developers exploring Stratis Technologies. On the 8th of March we will be deploying InterFlux into production which will bring wSTRAX to Ethereum and all of the applications running on top e.g UNISWAP and other decentralised exchanges.
We are also very excited about our IOT SDK which will see us release an Ultra Light client and backend infrastructure to support IOT use cases which are highly in demand within the UK.
 

The Second Segment of the AMA, Chris picked 9 Questions from the public to answer
 

Q1: Smart contracts are prone to bugs, How efficient and secure is your smart contract. Have you ever been audited through external parties, so we are sure that this project is safe and good for the future of investors?
Answer: Our use of C# as a development language means that there is a much larger pool of developers (10M+) than other smart contract languages like Solidity, these means there are more developers that can potentially audit the code and those developers can utilise the same tools they used for previous development projects. We also have decentralised smart contract execution governance, this means smart contracts must go through and audit process and peer review before being able to be deployed on the network. This ensures that any smart contracts being executed by masternodes have received an audit.
 
Q2: Before the Bear market, Stratis was a top 10 coin & had over a billion dollar market cap. Since experiencing the devastating devaluation that struck the crypto world in 2018 why did the company decide to not just fold and walk away with all your money? What drives your decision to preserve, building and offering an even better platform (STRAX) to the crypto world? Having already experienced those highest highs and those lowest lows, do you feel wiser and better prepared about the future Stratis will exist in?
Answer: The bear market was a very difficult time, having only raised 600K USD we had to be very careful without funds and focused purely on developing our platform and products, rather than on marketing and trying to create hype. This did affect us, but has allowed us to deliver the same as projects that raised tens of millions with a much smaller budget. This has allowed us to stay agile and also keep our burn rate down.
We recently received an injection of capital form Tier one Crypto fund Alphabit, this capital is going to allow us to finally compete with our competitors in all areas including marketing.
The paste 4 years have been a great learning experience and I feel we are very well position to capitalise on the crypto/blockchain boom that is currently ongoing
 
Q3: Any plan for liquidity farming?
Answer: Yes, the project OpDex has been under development for over 1 year and just received 500,000 STRAX in funding from the Stratis Decentralised Fund. OpDex is an AMM style dex that will offer significantly lower fees than the current established decentralised exchanges and key features they are lacking. OpDex will be the main Liquidity platform at Stratis.
 
Q4: What does $STRAX think about DeFi’s current trend? Does $STRAX follow trends or make a difference? Can $STRAX share with users about future development plans?
Answer: Good question, when people ask I say we have been working on DeFi for 4 years, only the market has just caught up and termed the phrase “DeFi”. We have been working on building an enterprise grade platform that could support the next generation of decentralised finance. We will soon be releasing out DeFi library which will include documentation, API’s, easy access clients (Web brower/mobile). OpDex V1 is nearly ready and we expect testing to start soon.
 
Q5: Are there companies actually deploying applications on Stratis blockchain? Any initiatives in last year or this year that we might know of?
Answer: Yes, there are several companies building on top of the Stratis platform since we moved into being production ready. MediConnect are revolutionizing the pharmaceutical and PPE supply chains through the user of blockchain technologies powered by the stratis platform.
Gluon are utilising the blockchain to revolutionize the gas industry in the US through the user of blockchain for track/trace, Gas reserves monitoring, Point of sales integration and loyalty points. With over 150 gas stations signed up they have received significant traction.
OpDex is a Stratis DAO funded AMM type DEX and offers a real alternative to the existing decentralised exchanges through significantly lower fees and offering scalability well beyond the majority of AMM type Dex’s. We also have over 10 projects that have forked our code and run their own native chains.
As part of the two stratis hackathons, there are many examples of applications that can be built on Stratis. Due to our new business development focus we are talking with many companies that are interested in deploying the on Stratis platform, we expect to see exponential growth in this area in the coming months.
 
Q6: Besides coding languages, what is your approach to win market share versus other popular platforms?
Answer: One of our main strategies is utilising existing development and consultancy companies that do not currently offer any products or services around blockchain. They can join the Stratis partner program and receive training, access to closed source tech, free development and consultancy time.
This will then allow them to add blockchain to their service offerings and give them the ability to cross sell blockchain into their existing customer base, So it brings the consultancy company revenue through consultancy and development, it bring Stratis adoption and also companies that can sell our platform and products allowing us to focus on the platform development.
 
Q7: What kind of decisions will STRAX holders be able to make within the Stratis platform? Will they be only economic decisions or will they be able to decide in other areas as well?
Answer: All important decisions go through a decentralised vote, like the proposal to migrate from STRAT to STRAX.Our community also decide on which projects receive funding from the Stratis Decentralised fund.
 
Q8: What real solutions are you bringing to DeFi in Stratis, and what exact problems do you want to solve in DeFi?
Answer: Increased security through our auditability and decentralised smart contract governance. Simplified integration into existing CeFI and traditional finance systems developed in .net. Our ability to roll out network updates in a matter of hours allows us to react to economic and other changes. The tokenomics of STRAX mean the Masternodes executing smart contracts receive a significant reward regardless of gass fees, this allows us to have a significantly lower gas cost than the other smart contract platforms. This has an impact on well adopted DeFi apps like an AMM style DEX
 
Q9: Did you raise funds so far? If so, how did you handle them? Are you planning to do any future raises?
Answer: We raised 600K USD in 2016, the two projects that raised around the same time were waves (30,000 BTC) and LISK (15M USD). The fact we are even still here is a miracle and people have rightfully had concerns since the start that we would run out of money.
Stratis may not be as shiny as other new sexier projects, but one thing we have proven is that we can deliver with far less and we have the dedication that many other projects do not.
We have just received a capital injection and now finally have the resources to compete in areas other than development.
 
AMA Concluded
 
 
 
 
 
 

Stratis Monthly #10

Last month, we provided a comprehensive update on our development roadmap and corporate news. As part of our ongoing commitment to keep the community across the latest developments, we also intend to publish a review of 2019 at the end of December. For those who just cannot wait to hear more, tuck into the latest news from the month of November.

Development Update

A high-level summary of the key developments can be found below.

Stratis Full Node

  • .NET Core 3.0 Upgrade
  • Implemented SQL Wallet feature for Sidechain Wallets
  • Improvements to SQL Wallet
  • RPC Call alignment with Bitcoin Core
  • Support for Bi-Directional Messaging in SignalR
  • Testing of LevelDB implementation

Block Explorer

  • Enhancements to Block Explorer catering for Smart Contract data
  • Various improvements to Indexer API

Stratis Smart Contracts Challenge in full swing!

We now have over 180 developers registered to take part in the Stratis Smart Contracts Challenge and win their part of the US$18,000 prize fund. The response from both community members and the wider developer network has been exceptional and from the discussions we have had with participants so far, we are anticipating some truly innovative submissions as we approach the 16 December deadline.
Amid the excitement, the recent ruling that cryptoassets and smart contracts are valid in English law shows the very real potential of these applications. After all, the statement was based on “not what they would like the law to be, but what they believe English law to be now”. Not a bad time to be building Stratis Smart Contracts in C#.
We would encourage you to continue to share the hackathon with your friends and contacts – even if they are not currently involved in the space, this is a fantastic opportunity for any C# developers to kick-start their blockchain journey.

Stratis in the news

Stratis was in the news again this month as the launch of the Stratis Smart Contracts Challenge was featured in the media. The announcement of the hackathon appeared in Financial IT, Crypto Ninjas and Enterprise AI. We are glad to see these publications supporting our online hackathon!

Latest research: blockchain to create major cost-savings in the supply chain

We continue to see widespread adoption of blockchain and DLT led by some of the world’s largest companies. In particular, there is growing industry focus of blockchain’s role in the supply chain to improve business processes, unlock cost-savings and restore the trust of consumers.
A new study has found that the implementation of blockchain technology in supply chains could save businesses in Western Europe $450 billion in logistics-related costs. The report found that 60% of companies overpay their supply chain vendors and 70% have ‘visibility gaps’ between the initial supplier and internal clients’ systems.
In the food industry alone, a Juniper Research report revealed that blockchain will save $31 billion by 2024 through the streamlining of supply chains, efficient food recall processes and “simpler regulatory compliance.”
Meanwhile, in the automotive industry, a survey of 314 vehicle manufacturing executives found that 62% believe DLT will be a disruptive force in the industry within three years.
This is encouraging news for enterprise adoption of the Stratis Platform, an enterprise-grade development platform on which businesses can deploy bespoke blockchain solutions in C# and .NET.

Stratis Monthly #9

The primary development focus during October was exchange readiness and preparation for the Stratis Hackathon hosted on Devpost. The hackathon has received attention from a number of established hackathon contestants and we expect the number to increase throughout the coming weeks.

Development Update

A high-level summary of the key developments can be found below.

Stratis Full Node

  • Improved mempool handling of dust transactions
  • Increased wallet security by removing password caching logic
  • Stabilised various integration tests with regards to sidechain operations
  • Refactored database locking
  • Improved reliability of the PoA miner resulting in the avoidance of missing blocks
  • Aligned RPC methods with Bitcoin Core 0.18
  • Greatly improved RPC Response times.

Wallet

  • Improved performance of the SQL Wallet
  • User-Interface updates to the support SQL Wallet
  • Testing and stabilising the SQLite Wallet integration
  • Optimization of the Wallet Feature
  • Bi-directional alignment of unconfirmed wallet transactions
  • Improved the performance of console updates for the wallet
  • Added improvements and features to the hackathon wallet
  • Improvements for token management screen in Cirrus wallet

Sidechains

  • Implemented improved network rule registration across the Cirrus networks
  • Improved transaction history for Cirrus Core
  • Various fixes and improvements with regards to cross-chain transfers on Cirrus

Smart Contracts

  • Performance improvements for smart contract execution via caching
  • Updated smart contracts tutorial for latest full node release

Roadmap Update

The development focus this year was to continue enhancing the Stratis Platform, incorporating new features as detailed on the Stratis 2019 Roadmap.
These features play a key role in Stratis being an attractive viable option for developers and organisations blockchain needs.
It is crucial for us to remain agile and actively develop solutions that bring a significant benefit to the platform. This has resulted in a number of key items being prioritised over items listed on the Stratis 2019 Roadmap.
Development efforts have been shifted to deliver alternative technologies that will bring further value to the Stratis Platform, as an example, the Segregated Witness (SegWit) development on Stratis is now code complete and is due to undergo our rigorous test cases to ensure compatibility within a heterogenous environment. SegWit facilitates the future scalability of the Stratis blockchain by giving an effective increase to the size of the blocks permitted on the network.
Furthermore, it opens the possibility of improvements to the transaction scripting language. This means that functionality that may previously have required a hard fork can now be implemented safely on the network. It also lays the groundwork for technologies such as Schnorr signatures and Merkelized Abstract Syntax Trees (MAST), that can again be leveraged to gain scalability benefits.
The implementation of the Breeze Privacy Protocol also becomes achievable with the activation of SegWit on Stratis Mainnet. We expect the Breeze Privacy Protocol functionality to be the first delivery of extended functionality once SegWit is activated by majority of block producers move to a SegWit supported node.
In addition, further development and refactoring of the Stratis Full Node to ensure like-for-like response times (in comparison to StratisX) when interrogating the node via Remote Procedural Call was a significant focus. Along with the complete re-development of the Stratis Full Node Wallet Feature, to significantly amplify the ability to scale and ensure data integrity. This ultimately provides current and future exchanges and third-parties the ability to utilise the Stratis Full Node as opposed to our legacy node that is currently leveraged.
Distributed Ledger Technology (DLT) has also received considerable attention, the further development includes the integration of a Certificate Authority and end-to-end encryption allowing private blockchain implementations to remain private and secure. The addition of memberships services and ‘token-less’ support for the Proof-of-Authority Consensus Algorithm are also additional features that have been incorporated into our DLT offering.
These additional developments have not drawn the focus away from all items listed on the Stratis 2019 Roadmap. You can expect a significant number of deliverables to be released prior to the close of the year.
A brief summary of the Stratis 2019 Roadmap can be found below:

Stratis Payment Gateway

We have been working closely with MediConnect to understand their business requirements and assisting them with both documenting and designing the Payment Gateway infrastructure. As we move into 2020 we will continue to liaise with MediConnect to provide a functional Payment Gateway that can be repurposed for similar use-cases.

Stratis STO Platform

The Stratis STO Platform has received significant attention to cater for the upcoming Gluon Security Token Offering (STO). Requirements have been fed directly from the U.S Security Exchanges Commission (SEC) as part of Gluon’s application, ensuring the platform meets the needs of an approved Security Token Offering.

Stratis Mobile Wallet

Development is being undertaken to make a mobile wallet available, the current focus is on porting an already established Mobile Wallet Service to support a Proof-of-Stake network and the Stratis networks, including Stratis and Cirrus.

Unity SDK

A Unity plugin has been a focus for 2019, we have successfully tested NStratis in Unity, however, a full production release of a Unity plugin will not be available until next year.

Stratis Sidechain Masternodes

The development of the Stratis Sidechain Masternodes to support the Cirrus Sidechain was a major development for Stratis in 2019. Currently all block producers on the Cirrus Sidechain are publicly operated Stratis Sidechain Masternodes, maintained by holders of the Stratis Token who meet the collateral requirements.

Breeze Privacy Protocol

The integration of the Breeze Privacy Protocol becomes possible with the implementation of SegWit, initial designs focused on integrating the Privacy Protocol being implemented natively, however, with the introduction of SegWit, it makes this integration possible with a significantly lowered network disruption.

Java & JavaScipt Support

An intermediary service supporting other programming languages is a development that will attract developers with expertise outside of the .NET ecosystem. The integration of JavaScript support is heavily tied with the Mobile Wallet deliverable.

Proof-of-Stake Sidechains

A design has been in place for Proof-of-Stake Sidechains, however, this development requires a significant amount of focus and resources were allocated to other important aspects of the business. As a result, the design will be re-assessed in the coming year.

Stratis Core 2.0

The makeover of Stratis Core is underway, focusing on providing a new User Experience (UX) whilst catering for further developments and integrations into the desktop wallet.
Since the conception of the Stratis Core User-Interface the developments of the Stratis Platform have changed dramatically, meaning there are more features to incorporate in the GUI (Graphical User Interface). A change of design was the best way forward to ensure that all these new features have a home without impacting the user experience.

As we move into next year, the focus for private distributed solutions will grow significantly to accommodate business adoption within the private sector whilst also catering for those who wish to utilise a public network with an associated cryptocurrency.

Stratis Smart Contracts Hackathon underway!

It’s an exciting month for Stratis and developers with the start of the Stratis Smart Contracts Challenge. The Stratis Hackathon will run for six weeks until 16 December 2019 and you can enter now for the chance to win up to US$10,000 for first place with a total of US$18,000 up for grabs. Just go to our Devpost page and follow the instructions to enter.
The hackathon is part of the Stratis Academy initiative to reduce barriers to entry for developers entering the blockchain space. As a result, significant effort has been put into simplifying the set-up process to make it as easy as possible for both new and existing developers to get started in a ‘click and play’ environment. Entrants can find a full tutorial, including instructions and examples, on the Stratis Academy website.
We are grateful to C# Corner for their sponsorship of the event and to our judging panel, which includes developers, blockchain gurus and Microsoft MVPs. Already, over 35 participants have signed up to take part and we’re very excited to see the new and innovative applications of Stratis Smart Contracts in C# that emerge from the hackathon. Watch this space!

Partner update – Gluon moves forward with SEC submission and grows fuel industry product, Petromo

Gluon has been making headway with its registration with the U.S. Securities and Exchange Commission (SEC). Having begun the registration process last year, Gluon is now in the later stages of the procedure. Stratis is working closely with Gluon to assist with the submission process so that Gluon can begin its token offering.
The business is also developing positively. Petromo, Gluon’s enterprise product which monitors fuel inventory, is expected to expand its footprint in the U.S. from 40 live locations to over 400 by the end of Q1 2020. Built for the widely used Gilbarco Veeder-Root system, Petromo’s IoT hardware allows users to monitor their fuel inventory remotely on their mobile devices. It is currently monitoring 4 million gallons of fuel per month at its 40 live business locations.
Gluon has also received approval from Gilbarco for the development of a third-party backend office system which will also be a part of the Gluon platform.
Stratis has been working with Gluon since January 2018. Gluon’s technology platform establishes a secure network of interconnected vehicles, allowing users to diagnose, track and monitor issues using IoT devices, AI and blockchain.

Partner update – MEDI distribution process begins

It’s been just over four weeks since MediConnect closed its ICO, raising 432,685.64 STRAT and 104.33 BTC for its pharmaceutical solution to protect patients both on and offline.
Participants in the ICO are now being asked to create a Cirrus Core Wallet address and submit it to the ICO platform. This will allow the token distribution to run smoothly and efficiently. Detailed instructions are provided on MediConnect’s website.

Stratis in the news

Stratis continues to feature in the news as our CEO, Chris Trew, authored an article in Crypto Globe on Why Blockchain Will Be One of History’s Key Technologies. In the piece, Chris suggests blockchain can have a similar far-reaching impact as the other great technological leaps in history and help to define the ‘Fourth Industrial Revolution’.

Stratis Monthly #8

The main focus of development in September was adding features to improve the stability of the wallet and adding functionality to the Stratis Full Node so that it is ready for exchanges.

Development Update

A total of 179 commits were made during the month of September, encompassing 437 file changes and 14,791 additional lines of code to the Stratis Full Node. A summary of the key developments can be found below.

Wallet

  • Created wallet repository feature
  • Undertook extensive optimization of the wallet repository feature
  • Added support for both database-per-wallet and multi-wallet-database to wallet repository
  • Added cold-staking support to wallet repository
  • Future-proofed wallet repository for use with federated transfers
  • Updated wallet feature to use new wallet repository feature
  • Added SignalR support for multiple wallets and accounts for Cirrus Core
  • Updated API to expose SQL based wallets
  • Stratis Core and Cirrus Core updated to use new SQL Wallet with latest SBFN codebase
  • Various bug fixes and performance improvements
  • Updated a large number of test cases related to the wallet feature to use the wallet repository

RPC

  • Optimized “gettransaction” and “listaddressgroupings” RPC methods
  • Aligning of RPC calls with Bitcoin Core
  • Bug fixes for RPC calls

Certificate Authority Service

  • Introduction of ‘Roles’
  • Handle issuance and revocation of certificates
  • Check the revocation status of any given certificate
  • Implementation of an API to manage accounts and associated certificates

Smart Contracts

  • Caching of contract code, for smart contract execution performance improvements
  • Caching execution results between mining and validation for smart contract performance improvements

Testing Update

The wallet is a fundamental part of the Stratis Blockchain. In order to ensure future scalability, we have redesigned that key component to take advantage of a database engine rather than rely on the JSON file format.
In order to prove the wallet is functioning as expected and can cope with a large volume of transactions, we have further developed our test environment specifically for the purpose of testing the functionality and performance of the wallet, more so than ever before.
This test environment is based on a private blockchain and a large set of wallets with an even larger number of coins (i.e. UTXO). The test scenarios include creation of new wallets, filling them with predefined sets of coins and finally building and sending transactions on a significant scale.
This setup allowed us to uncover and fix wallet-related defects as part of an ongoing effort to make our solution faster, more scalable and more robust.

Hackathon announced – Stratis Smart Contract Challenge

We have announced the Stratis Smart Contracts Challenge, an online hackathon which will begin on 1st November and run through to 16th December 2019. A total of US$18,000 is up for grabs with a first place cash prize of US$10,000, second place prize of US$5,000 and third place prize of US$3,000.
The challenge is to develop smart contract applications that can have a big impact. They should be useful, easy to use, innovative and capable of being applied across a wide range of industries. These include banking and financial services, international trade and commodities, supply chain, energy, identity, Internet of Things, government, healthcare and medicine, automotive and gaming.
We are very excited to see how contestants harness Stratis Smart Contracts in C# to develop a set of varied and innovative use cases.

Partner update – MediConnect successfully closes ICO and proceeds with proof-of-concept

It’s been a significant month for our partner, MediConnect, who closed its ICO at the end of September. MediConnect also completed the workflow for its proof-of-concept (PoC) and began the integration of UK Meds, an online pharmacy and partner of MediConnect, to the PoC platform.
Stratis is developing the MediConnect blockchain as a bespoke solution based on the Stratis blockchain. The PoC is designed to trace medication through the supply chain from the point at which it is manufactured to its prescription by medical professionals and purchase by patients.

Stratis features in the news

Stratis CEO, Chris Trew, has been featured in the news recently as he discussed topics including the move towards a cashless society and the important role smart contracts can play in business.
In a piece titled Blockchain and the cashless society in Financial IT, Chris discusses the growing momentum pulling businesses, financial institutions and central banks away from a centuries-old system based on banknotes to one built on blockchain. In another piece featured in Business Cloud, Chris discusses how Smart contracts have potential to speed up business and could revolutionise how companies operate in the same way as the cloud or AI.

Stratis Monthly #2

Another month has passed since our initial monthly update. This month the focus has primarily revolved around the development of the Sidechain Masternode.

Full Node Development

During the month of March, the Stratis Full Node team has delivered 2 releases. A total of 124 Pull Requests were merged into the codebase during this period.
Development for the most part continued to focus on stability and performance of the Full Node. In addition, attention has been drawn to RPC capabilities to ensure readiness of exchanges transitioning to the Full Node. This is a crucial step in moving to a network secured entirely by the Stratis Full Node.
The most notable changes and enhancements to the Full Node is listed below:

  • Addition of RPC methods for exchange support
  • Addition of various API endpoints
  • Denial-of-Service prevention
  • Improvements to the node’s Peer-to-Peer layer
  • On-going improvements to our unit and integration test suite
  • Reduced memory footprint

The latest version of the Stratis Core wallet contains the 3.0.3 version of the Full Node and can be obtained from our wallets page below.
Stratis Wallets

Sidechain Development

The development of Masternode features is nearing completion, including key developments to greatly improve the end-user experience.
Major developments during March can be found below:

  • Added functionality to Sidechain Dashboard
  • Creation of PowerShell Core setup script
  • Design of on-chain registration
  • Implementation of collateral management
  • Implementation of voting endpoints

A preview of the Sidechain Dashboard can be found below, the dashboard will be used to monitor and manage the Sidechain Masternode.

Privacy Protocol for STRAT

As mentioned in our community Discord last week, we are actively developing a Privacy Protocol solution for STRAT.
The further development of the Privacy Protocol will include a new version of the Breeze Wallet with enhanced security. In addition, we are working on bringing Segregated Witness support to the Stratis network to enable native Privacy Protocol support.
These are exciting developments that will bring further utility to the Stratis Token, offering the ability to improve the level of privacy with the STRAT token.

Full Node on Microsoft Azure

As a result of our relationship with Microsoft we received a Tweet from the Microsoft Azure twitter account highlighting the Stratis Full Node’s availablility on the Azure Marketplace.

London Blockchain Expo Global 2019

In less than four weeks, the Blockchain Expo Global 2019 will kick off. It’s an exciting time for us particularly as we will be arriving with several innovations under our belt. The Blockchain Expo Global is all about showcasing where blockchain is heading, and we have speakers scheduled to talk about two key Stratis technologies: Smart Contracts and DLT.

Stratis is once again a Platinum Sponsor for this event and will be showcasing our newly designed booth and can be found on stand 461.
Be sure you visit by obtaining a ticket from https://blockchain-expo.com/global/

Blockchain for Enterprise

The way enterprises store and process data doesn’t stay static. New technologies disrupt the status quo. Imagine 10 years from now. It is not far-fetched to predict that ideas currently in their infancy will, by then, have established dominance. Blockchain, with its inherent redefinition of how valuable assets are stored and accessed is one of those technologies.
Blockchain, as devised for Bitcoin, was used to store an abstract asset. The network was public, provided a level of anonymity, and was decentralized in a way that fitted Bitcoin’s philosophy. However, enterprise assets often exist in the real world in a situation where there is good reason to know who has the rights to access the data. A dogmatic approach won’t work; developing blockchain for the enterprise requires that you cherry-pick blockchain innovations, and adapt them, on a case-by-case basis.
Stratis is positioned at the heart of the blockchain industry and its focus is the enterprise. So, let’s explore some of the ways we see blockchain and the enterprise coming together over the next few years.

Moving forward with people you thought were your competitors

Who to trust with your data can be an issue for enterprises, and this issue has led to enterprises not cooperating with other entities. In these situations, data can be duplicated from organization to organization while, at the same time, the risk of being out-of-sync with other data sources remains. Blockchain has been described as “trustless” largely because one of Bitcoin’s innovations was to enable you to transact with a level of anonymity; when everybody has an immutable copy of the data, that’s all you need to know who has what before and after a transaction. Although anonymity is not usually desirable on a blockchain designed for enterprises, the design behind an enterprise blockchain is still unique in that it reduces the level of trust required by participating organizations. Providing an environment where an enterprise can share data with an organization they do not “trust” showcases one of blockchain’s revolutionary cornerstones in an enterprise setting.

Sharing can drive new value in a consortium

Enterprises need to work with official legislation. If the behaviour of the organization is called into question or in the case of a routine audit, it is fundamental that the data depicts the truth. The permissioned model often used by enterprise blockchain allows for a selective transparency. This enables regulatory bodies to hold and access sensitive data as and when required. However, transparency is not a blockchain’s only advantage here. The shared data approach can also help build towards a uniformed, standardized approach to regulation across an industry sector. Pioneering enterprises, who understand the need for regulation, can adopt a blockchain-based strategy which, for example, could receive widespread adoption relatively soon after 50% of the industry sector is signed up.

Not every blockchain solution needs a crypto token

Sometimes blockchain and cryptocurrency tokens are mentioned as if they are inseparable. This isn’t the case. For some business models there is no requirement for a token, and Stratis can implement a DLT solution on a private network to suit these models. However, some enterprises might benefit from some form of token. The token could potentially be listed on a cryptocurrency exchange, on the other hand, it could have a more limited distribution. Rethinking the token as a store of value for enterprises could involve loyalty point schemes and micro-payments, with an emphasis on value and convenience for customers rather than speculation.

Disruptive technologies require radical enablement

Blockchain innovations can also go hand-in-hand with other emergent technologies. The Internet of Things (IoT) is turning formerly dumb objects into sophisticated sensors capable of both streaming and processing data. Machine learning is being applied to these data flows to identify trends and discover previously hidden correlations and connections. A central question here is which method of data storage can facilitate this influx of data, which has such applicability to enterprises. The very fact the IoT opens so many possibilities makes the idea of holding it in traditional out-of-date data silos. Blockchain can, however, evolve with IoT.

You need to do things differently if you want a different result

Enterprises demand that technology serves them and brings visible benefits.
Adapting blockchain to create data solutions for enterprises requires a flexible mindset that takes the strengths of blockchain, as applicable to each case. Perhaps most importantly, blockchain also gives enterprises the opportunity to take another look at their data strategy in tandem with other players in their industry sector.

We are moving to Discord


With messages no longer being retained and the inability to invite new members, we have outgrown the Slack platform for the Stratis Community. This is an issue that we are now solving.
As a result, we have selected Discord as our new community platform. This is a pivotal step in enabling our community to further grow, and we encourage developers to join and collaborate.
Discord boasts a number of key features; unlimited number of users, message retention and increased moderation.
Our existing Slack workspace will remain open, however, over the coming weeks, we will close the Slack workspace. This will be communicated in due course.
We would like to welcome everyone to join us in our new Discord.
https://discord.gg/9tDyfZs

Stratis Birthday 9 August 2017


A year has passed by, and what a year. Exactly 12 months ago today, the first Stratis block was mined. And here we are, celebrating Stratis’ first birthday, with each and every one of you. With the community we love and the community that has been with us every step of the way. We truly value all the dedication, contributions and support we receive from our community. You are an essential part of our motivation to deliver the best technology and set up an organisation to last for many years to come.
We would like to take this moment to look back on 365 days of progress and milestones. Of achievements, breakthrough developments and time spent together to form the foundation of Stratis for the future ahead.

Development

Organisation

(new office)

Numbers

  • From a starting valuation of $ 600,000 to an ATH of $ 1,067,000,000 (1,778 x)
  • ICO price from 0,00001129 BTC to an ATH of 0,00468688 BTC (415x)
  • Best ROI on an ICO
  • Over 25,000 followers on Twitter
  • Over 7,000 members on Slack
  • Over 770 pages on Bitcointalk

Community

  • Blue avatar invasion
  • Over 7,000 members on Slack
  • Numerous articles and videos about Stratis
  • Lots of community members Twitter activity
  • A guide for Staking Stratis on a Raspberry Pi
  • Help with testing and developing
  • AMA’s on Reddit
  • www.stratispool.com / www.stratisrate.com
  • Stratis Silver Coins

Some of you have been with us since day one and have always been supporting, promoting and helping us. Some of you have joined later on the journey only to become strong supporters of our common goal. In memory of this we would like to dedicate the Stratis birthday to all of you.
The whole team has been touched and deeply moved by the stories of life-changing events made possible through Stratis for many individuals. We cannot emphasize enough how grateful we all feel to have such a loyal, dedicated and thoughtful community by our side. We hope you will be with us for the coming years, so we can thrive together in this new space that can change the world. Stratis is a company, a community but it is one goal, one team and one mission. One that we will achieve all together. We are one, we are Stratis.

BreezeHub is Here

This note is a contribution from our new team member Carlton Pringle (@carlton on Slack). One of the key missions in Carlton’s new role as Breeze / Tumblebit development Project Lead, is to coordinate the communications about progress in this exciting technology to internal teams, developers and the public at large.
As he gets more familiarized with the vision and accomplishments of our development team. He will be responsible for providing all the relevant updates and streamlining communications from the Breeze / Tumblebit team to our developers and general community.
Welcome Carlton and we wish you success in your key role, and without further ado… here is his first Breeze Update.

Facilitating Breeze Development Access

We want to simplify access and visibility for the Breeze Project, as we expect many peer reviews and collaborators to this exciting project now and in the future. To this aim we are launching the GitHub open source projects for Breeze / Tumblebit development under the auspices of Stratis.
BreezeHub hosts our TumbleBit Server Experimental build and showcases the Stratis secure node advertisement protocol, which will be utilized by the Breeze wallet to locate Breeze Tumblebit servers without the need for a centralized list. This is therefore a registration mechanism resistant to manipulation or censorship as it does not require trust in third parties.
Check out BreezeHub where you’ll find all our work on the TumbleBit Protocol in one place including code, documentation and all the latest info on the TumbleBit Server Experimental Build.
BreezeHub includes full instructions to walk you through the TumbleBit server installation. Give it a try and please reach out to our team of developers on Slack with your bug reports, suggestions, and comments.
Expect to see lots of activity on BreezeHub – including more incremental releases – as our vision of this exciting technology takes form.
BreezeHub on GitHub

BreezeHub is hosted on GitHub and can be found at https://github.com/BreezeHub.
Acknowledgements: Thanks to @zeptin and @dan.gould for their hard work on this and thanks @jeremy for your support.
TCP Server
This week also, Nicolas Dorier wrote a custom asp.net core server to replace the default Kestrel implementation that runs in asp.net core on Windows, Linux and OS X. This lightweight tcp server will be used within the TumbleBit Server in place of the previous http+json ptotocol to improve anonymity for TumbleBit users. It can be found here.

Breeze Tumblebit Server Experimental Release

Breeze TumbleBit Server is Ready to Test!
The highly anticipated alpha version of the Breeze TumbleBit Server has now been released for testing. As promised, we have been engaging in a process of incremental deliveries and in this opportunity we want to share some technical details of the release. We expect to provide even more details both from an user and an operator perspective in the weeks to come. So, stay tuned!
This release showcases the Stratis secure node advertisement protocol, which will be utilised by the Breeze wallet to locate Breeze Tumblebit servers without the need for a centralised list. This is therefore a trustless registration mechanism resistant to manipulation or censorship.
Node advertisement protocol
A high level overview of the protocol operations performed by each Breeze Tumblebit server is as follows:
1. The node operator starts up the Breeze Tumblebit Server software.
2. The node checks to see if it has registered itself on the Stratis blockchain before.
3. If it has, the tumbler service is initialised as normal.
4. If the node is not yet registered, or if its configuration has changed, the registration transaction updates and broadcast again.
Registration transaction

The registration transaction is a specially-formatted transaction broadcast by the Breeze Tumblebit Server to the Stratis network. In this release, the registration transactions are broadcast to the main Stratis blockchain.
Security features

The registration transaction contains the following information embedded inside it:
1. The IP address of the Breeze Tumblebit Server.
2. (Currently optional) TOR address of the server.
3. The port that wallets should use to connect.
4. All the information is signed by the tumbler’s private keys. This means that the signatures can be validated by a Breeze wallet when it connects to the Breeze Tumblebit Server. The registration protocol will greatly benefit from widespread testing by the Stratis community.
As this is alpha software, the tumbler is currently configured to only operate on the Bitcoin testnet. This is to prevent loss of funds in the event of errors. Once the tumbler is sufficiently stable a Bitcoin mainnet version will be released.
Please reach out to our team of developers on Slack with your bug reports, suggestions and comments.

1 2 3
Privacy Settings
We use cookies to enhance your experience while using our website. If you are using our Services via a browser you can restrict, block or remove cookies through your web browser settings. We also use content and scripts from third parties that may use tracking technologies. You can selectively provide your consent below to allow such third party embeds. For complete information about the cookies we use, data we collect and how we process them, please check our Privacy Policy
Youtube
Consent to display content from Youtube
Vimeo
Consent to display content from Vimeo
Google Maps
Consent to display content from Google
Spotify
Consent to display content from Spotify
Sound Cloud
Consent to display content from Sound