Stratis’s interoperability solution, Stratis InterFlux, has become the first product under the Stratis Blockchain Technologies framework to incorporate Stratis’ Oracles feature. Through the introduction of Stratis’ Oracles, dynamic fee application has
Today we’re excited to announce an update to the Unity SDK that enables native interaction with Stratis Smart Contracts, opening a world of possibilities for game developers including the integration of Non
It has been over five years since Stratis broke onto the scene, making waves within the blockchain space with the innovative development of blockchain solutions and a unique blockchain platform. Stratis’ platform, uniquely tailored to Microsoft technologies
The Stratis STO platform is now ready to be utilised and deployed to conduct Security Token Offerings. It has been built through regular dialogue with clients that are engaging with the U.S. Securities and Exchange Commission (SEC) guidelines, ensuring it is compliant with SEC regulations. It conforms with both Know Your Customer (KYC) and Anti Money Laundering (AML) laws and has undergone rigorous testing in order to ensure it meets all legal requirements for hosting an STO. These requirements are regularly updated and we will continue to modify its platform as required.
The platform is an adaptation of the existing Initial Coin Offering (ICO) platform and includes additional legal features to ensure it is suitable for security token issuance. It allows companies and organisations to run a secure and flexible web-based application on the Stratis blockchain to issue tokens to investors. The STO platform has been built using C# and the .NET Core, the most popular enterprise programming language on the most widely-used enterprise framework, making it easily accessible for businesses and developers.
Key features of the STO platform include: Real-time pricing
The platform accepts payment in both fiat currency (USD) and cryptocurrency (BTC and STRAT). It uses currency data from multiple providers to ensure that STO participants benefit from real-time token pricing. ID-based token issuance
The platform creates unique user IDs that allow the STO administrator to reliably and securely accredit tokens once an individual makes a wire transfer. This ID-based system ensures compliance with KYC and AML laws. Wallet-based platform for added security
Stratis utilises hierarchical deterministic wallets rather than autonomous smart contracts to add an additional layer of authority and security.
While building the STO platform, we have been working closely with our partner Gluon, a platform that establishes an interconnected network of vehicles, allowing users to diagnose, track and monitor issues using IoT devices, AI and blockchain. We have been assisting Gluon with fulfilling all its legal requirements to register its GLU token with the SEC. Gluon is now in the later stages of the registration procedure and is expected to become the first company to issue a security token on the Stratis platform next year.
Stratis CEO, Chris Trew, said:
“We are delighted to launch our STO platform, one of the key milestones of our 2019 Development Roadmap. The STO platform builds on the functionality of the Stratis ICO platform with the addition of several new features that satisfy the rigorous regulatory requirements needed to conduct STOs. Our STO Platform is highly secure, flexible and scalable, making it easy for businesses of any size to raise money through the tokenisation of their assets.”
Over the past month development has been progressing to bring SegWit (Segregated Witness) support to the Stratis blockchain, resulting in upgrades to the consensus, mempool and wallet features.
SegWit is an update to the transaction scripting layer that, among other things, increases the effective maximum transaction throughput.
The latest milestone to be achieved is the successful sending of SegWit transactions on the Stratis TestNet. You can find more detail below regarding the SegWit transactions in question, shown in an experimental version of the Stratis Core wallet:
These are the first encouraging steps to bringing SegWit support to the Stratis Mainchain, further development will continue, focusing on bringing SegWit support to our wallet implementations. The SegWit implementation will then undergo our full end-to-end testing procedure within our Stratis Coherence environment.
Stratis is pleased to announce the highly anticipated lower tier Masternodes that will support the Cirrus sidechain. The Cirrus sidechain is the first sidechain pegged to the Stratis mainchain where Smart Contracts in C# will be deployed.
The latest addition to Stratis Masternodes allows holders of the Stratis Token to operate as two different types nodes on the Cirrus sidechain. This in turn will result in operators obtaining fees for both transactions and smart contracts that execute on the chain.
Initially, there will be two tiers of Sidechain Masternodes that will maintain the Cirrus sidechain. Cirrus Chain Federated Masternode
A Cirrus Chain Federated Masternode can produce blocks on the Cirrus chain, earning transactional fees and GAS costs for smart contracts executed on the chain.
There is a 10,000 STRAT collateral requirement in place to be eligible to become a Cirrus Chain Federated member. Cirrus Chain Multi-Sig Masternode
Similar to a Cirrus Chain Federated Masternode, a Multi-Sig Masternode can also produce blocks on the Cirrus Chain. In addition, these Masternodes form the multi-signature address that secures the chain.
There is a 50,000 STRAT collateral requirement in place to be eligible to become a Cirrus Chain Multi-Sig MasterNode.
The number of Masternodes that can operate on the Cirrus sidechain is currently limited to 101 members to ensure a level of decentralization as multiple entities will be producing blocks on the chain. We will soon release dynamic federation membership allowing nodes to join and/or leave the Federation, further increasing the decentralisation of the Cirrus chain and allowing additional nodes.
The collateral amount for both Masternodes will need to be held within a wallet on the sidechain to meet the collateral requirements.
On the 6th of March, Stratis will be revealing a submission page where you can express your interest to become a Cirrus Masternode and provide your Cirrus public key. A simple command line tool will be released prior to this submission page becoming available.
What is PoA?
Proof-of-Authority is consensus algorithm that can be used instead of Proof-of-Work or Proof-of-Stake.
It does not depend on nodes solving arbitrarily difficult mathematical problems, but instead uses a set of “Masternodes” – that are explicitly allowed to create new blocks and secure the blockchain. This makes it easier to maintain a private chain and keep the block issuers accountable. Also, PoA is more predictable since blocks are issued at steady time intervals.
The Stratis Q4 Development Roadmap is now publicly available and provides an overview of the key deliverables to come from Stratis heading into the new year. Much of this work begun during Q3 of this year and the end of 2018 will see Stratis deliver a number of our core product offerings that will set us up for further customer engagement moving into 2019. Stratis Full Node Production Release
The Stratis Full Node will be delivered as a production ready release. This will allow Stratis to embark on moving to a full C# Mainnet network. Stratis Sidechains Production Release
Stratis Sidechains will be deployable on Stratis Mainnet allowing companies to create their own customized sidechains off the Stratis mainchain. Smart Contracts in C# Production Release
The release of Stratis Smart Contracts in C# is scheduled for Q4 of this year. This will allow the development and deployment of Smart Contracts in C# onto Stratis sidechains. Stratis ICO Platform V2
New features are being integrated into the Stratis ICO Platform. These features are based on feedback received from organisations utilising our ICO platform and also enhancements scheduled as part of our ongoing product development. Stratis Cold Staking
The implementation of Stratis Cold Staking as part of the roadmap will enable Stratis holders to stake their balance in a cold-wallet. The activation of this technology is subject to the adoption of the Stratis Full Node. Stratis DLT
Distributed Ledger Technology (DLT) is a requirement for the large majority of private institutions. Stratis has been diligently developing a C# DLT solution to fit the needs of organizations looking to utilize blockchain technology within a private environment. Stratis Core
Stratis Core will be updated with the production ready instance of the Stratis Full Node. This will be our wallet to replace the existing StratisX (QT) staking wallet. Breeze
The Breeze Wallet will be updated with additional features and will utilize the production ready instance of the Stratis Full Node. Stratis Academy
There is a focus on creating even more content on the Stratis Academy allowing developers and organizations to gain a deeper understanding of how they can build on top of the Stratis Platform. In addition, the Stratis Academy user interface will have a new look and feel. Breeze Privacy Protocol for STRAT
Following the successful release of the Breeze Privacy Protocol for Bitcoin we will also be delivering the same functionality for STRAT. This will enable users to increase their anonymity when interacting with the Stratis token.
Stratis is pleased to announce our latest partnership with the UK’s fastest growing online pharmacy, UK Meds.
UK Meds is the fastest growing online pharmacy in the UK, digitally handling between 3,000 and 4,000 patient prescriptions each day. The company will deploy Stratis’ blockchain technology to improve patient safety across the online pharmacy sector as a whole, reducing instances of patients ordering multiple prescriptions.
By ensuring each patient’s request for a prescription is logged on a shared and immutable distributed ledger across a group of UK online pharmacies, the programme ensures patients can only access prescribed quantities of medication. Doctors dealing with online consultations and pharmacies preparing medication will have the ability to cross reference patients using a unique identifier assigned to each individual. Any previous request for medication across all online pharmacies in the programme will be easily referenceable using Stratis’ technology, ensuring patients receive correct prescriptions.
Joe Soiza, CEO at UK Meds commented:
Despite screening our own customers by IP addresses, phone numbers, cookies and many other factors, there isn’t a cross-industry solution to identify patients attempting to obtain multiple orders of drugs, with opioids being a particular example. Clearly our entire industry needs to come together to ensure we do everything possible to protect the vulnerable and utilizing Stratis’ technology can help us achieve that.
The Stratis Platform provides a highly secure blockchain solution that can be shared across the industry to provide a trusted and verifiable record of patient requests for medicine. We are initiating this programme, and we have over 10 online pharmacies onboard already. It’s our ambition for this to become the de facto standard across the entire UK industry.
Stratis’ technology will also be used to improve UK Meds’ own supply-chain by deploying Stratis’ Smart Contracts in C#, this is essentially code running on top of a blockchain enabling them to undertake specific tasks, at critical stages. In combination with track and trace logistics solutions, each shipment of medication will be logged on the blockchain when originally produced by the manufacturer, during points of distribution and again on arrival at UK Meds to certify pharmaceutical shipments are correctly packed, arrive in fine condition and remain securely sealed in the correct quantity.
Chris Trew, CEO at Stratis added:
This is a great example of blockchain being deployed where its unique qualities will make a real difference. Using traditional IT solutions to solve this issue would require a significant expense and would undoubtedly be administered by a third-party organization. With blockchain, the industry can cooperate on the critical issue of patient safety using a shared version of the truth.
Stratis is seeking the ‘best of the best’ with a series of 12 sequential puzzles, each more challenging than the last. Each task tests general logic, blockchain knowledge, cryptography and aptitude with the Stratis Platform itself.
Chris Trew, Stratis CEO added: “Finding talented blockchain developers is notoriously difficult as demand far outweighs supply. The puzzle is our way of connecting with new talent, but equally the winner might choose to walk away with the cash prize, and that’s absolutely fine too.”
The top prize, equivalent to over $10,000, will remain locked in a wallet controlled by the private key that is recovered after solving all 12 of the Puzzle’s tasks. Each task reveals a single word from the mnemonic phrase that provides access to the wallet holding the prize fund.
There are also two development roles up for grabs on the Stratis core team with an automatic job offer made to the first contestant that solves at least 10 of the 12 tasks.
Krushang Patel, Stratis CMO commented: “If you think you have what it takes to mix it with the best in the community, then we encourage you to try the Stratis Puzzle. We have two genuine roles on offer as part of our core team, and the puzzle was the most logical and entertaining way we could think to fill them.”
Anyone that wants to give the puzzle a try should begin with the first task. Once contestants have solved the first puzzle, which requires no blockchain knowledge, the next step will be revealed.
The prize fund can be viewed on the Stratis blockchain explorer here Stratis Puzzle, first task:
This is the first of the 12 tasks that make up the Stratis puzzle, an additional step will be revealed once this below task is completed.
Anyone interested in the Stratis Puzzle can join the Stratis #puzzle Discord channel for community discussion on the various tasks. Blockchain is a collaborative and open source environment, Stratis recognizes that people may collaborate.
Stratis are proud to announce the Stratis Federated Sidechains Alpha Release in C# on the .NET framework.
Stratis has focused on developing the sidechains infrastructure to ensure the product is easy to use and the most inclusive platform for developers and enterprises.
Enterprises can create their own sidechains whilst benefiting from on-going enhancements to the Stratis blockchain. Stratis Sidechains provide enterprises with the ability to provision custom sidechains with flexible modules such as consensus, block size and privacy; delivering scalable blockchain solutions.
Building sidechains in C# makes it easier to integrate into existing enterprise architectures and opens the door previously blocked due to programming language barriers. Stratis sidechains in C# builds upon the established .NET framework, language and ecosystem. Therefore, it is more readily poised for wider adoption.
Stratis CEO Chris Trew states, “Sidechains provide a means to quickly provision, sandbox and deploy a bespoke blockchain tailored to specific enterprise processes. Because Stratis sidechains remain linked to the well-established Stratis mainchain, enterprises can be certain their blockchain implementations will continue to benefit from enhancements made by our core team of highly-experienced developers.”
Sidechains improve scalability of blockchains, a long-running challenge of decentralised computing. Aside from leaving the mainchain free to exchange funds, Stratis sidechains make it possible to specify both the block size and block interval, increasing the number of transactions in each block and/or reducing the time between each block.
Sidechain wallets will allow cross-chain transactions for users to transfer funds between the Stratis mainchain and the sidechains. This interoperability feature enables interactions across blockchains while giving users the confidence that any sidechain’s digital assets will always be backed by the Stratis token.
Stratis is also working on enabling enterprises to run smart contracts on their respective sidechains which will be implemented in a future release.
To showcase this technology, we have created a test environment named Apex on the Stratis testnet network. The Apex sidechain interacts seamlessly with the STRAT mainchain on the testnet network. Users can easily participate in testing this technology themselves by exchanging TSTRAT for TAPEX coins.
You can now try out the Stratis Sidechains Alpha Release by setting up Stratis and Apex wallets on the testnet network and use them for cross-chain deposits and withdrawals.
To get started with Stratis sidechains, please refer to the below materials.
GitHub Repository: https://github.com/stratisproject/FederatedSidechains
Discord (Sidechains Support): https://discord.gg/DbUusDh