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Stratis InterFlux

The presence of heterogeneous environments is all too common within all types of organisations that leverage IT infrastructure. Historically, and even now, compatibility can be achieved with the use of shims; providing a layer of compatibility through communication interception. The emergence of several successful blockchain platforms presents the same historical issues and requires a similar solution that offers and provides interoperability between mainstream blockchain platforms; enter Stratis InterFlux.
In Stratis’ previous blog post, announcing the release of Stratis InterFlux, the Non-Fungible Token (NFT) use-case was described; explaining how a Layer-2 Solution is provided. Stratis InterFlux will offer several methods for transacting between, offering varying levels of scale, throughput and privacy. This is crucial as each use-case can dictate a variety of requirements; therefore, flexibility is vital to ensure Stratis can provide an optimal solution for any viable use-case that is presented to them. More information regarding the different methods Stratis’ InterFlux provides will be publicly announced in due course.
Stratis is also very keen on bringing DeFi use-cases to reality for Bitcoin. Similarly to the integration with Ethereum and HyperLedger Fabric; Stratis InterFlux will be leveraged to establish a bond between the Cirrus Sidechain and Bitcoin. Thus enabling trustless exchanges of Bitcoin for wBTC on the Cirrus Sidechain and laying the foundation for DeFi use-cases. The introduction of a wrapped stable coin(s) will provide the needed liquidity; such as Ethereum’s USDT (Tether) which is tied to the US Dollar. Stratis is also exploring an opportunity with a UK Consortium to launch a GBP stable coin on the Cirrus Sidechain.
Over the next week, Stratis will be engaging with Stratis Masternodes. They will begin to configure and validate the communication bridge, provided by Stratis InterFlux, between the Cirrus Sidechain and Ethereum blockchain. The week commencing 28th December 2020 will see the launch of wSTRAX on an Ethereum chain, followed by two weeks of community testing.

Stratis Sidechain Masternodes FAQ

After the successful launch of the Stratis Sidechain Masternodes and the associated Dynamic Membership feature that enables anyone to join, Stratis has put together a FAQ to iron out any questions that potential new Masternode Operators may have.
 

What is a Stratis Sidechain Masternode? 

A Stratis Sidechain Masternode performs validation and execution of Smart Contracts on Stratis’ Smart Contract Sidechain, Cirrus. Stratis is the only platform offering native C# Smart Contract execution. Stratis delivers a fully distributed and decentralized managed execution environment through its Smart Contracts in C# on the Cirrus Sidechain.
 

Why operate a Stratis Sidechain Masternode? 

Each block on the STRAX Blockchain, 9 STRAX is reserved for Masternode Rewards, every 45 seconds. This equates to 17,280 STRAX being distributed to active Masternode Operators, every day. 
 

Is there a collateral amount required to operate a Stratis Sidechain Masternode? 

Yes, the collateral requirement is 100,000 STRAX. 
 

Is there a fee to join? 

Yes, there is a 500 CRS fee.   
 

Is there an approval process required for Stratis Sidechain Masternode registration? 

No, anyone can be a Stratis Sidechain Masternode, providing they meet the defined requirements. 
 

Do you provide instructions detailing how to set up a Stratis Sidechain Masternode? 

Yes. https://www.stratisplatform.com/2020/11/20/strax-sidechain-masternodes-dynamic-membership/ 
 

Where could I receive assistance from the Stratis team? 

Support is offered via the Stratis Discord. https://discord.com/invite/9tDyfZs 
 

Do I have to hold the collateral on my Stratis Sidechain Masternode? 

No, the wallet containing the collateral can be safely and securely removed from the device or service that is hosting your Stratis Sidechain Masternode, once the registration is complete.
 

Do I need to maintain my Stratis Sidechain Masternode? 

Yes, we advise that you regularly install Operating System security updates in a managed manner. Updates to the underlining Stratis Sidechain Masternode codebase will be communicated via Discord.
 

What happens if my Stratis Sidechain Masternode goes offline?

An auto-kicking feature is enabled on the Cirrus Sidechain to ensure consistent block times. If your Masternode does not produce a single block in a 48hr period, your registration will be voided. You can, of course, re-join the Cirrus Sidechain as a Masternode Operator; however, the 500 CRS fee will apply again.
 

Can I stake my collateral? 

Yes, we would recommend the user has a good knowledge of security when staking. 
 

Is there a lock period for running a Stratis Sidechain Masternode? 

There is no locking period. You can stop running your Stratis Sidechain Masternode as you please.
 

Can I run my Stratis Sidechain Masternode on a macOS? 

No. You can only use a Windows OS, but in the future, we do plan to offer support for macOS and Linux thanks to the native cross-platform support available through utilizing Microsoft .NET Core. 
 
      

Stratis Development Roadmap

Stratis is excited to announce an updated Development Roadmap for the remainder of 2020 and heading into H1 of 2021. The below graphic highlights the upcoming developments from Stratis and their target deliverable timelines.
 

 

Ethereum Interoperability

As highlighted in our recent news item, Introducing InterFlux. Ethereum support will be introduced to Stratis InterFlux, enabling ‘wrapped’ STRAX on the Ethereum Blockchain.

STO & Digital Asset Platform

The STO & Digital Asset Platform embodies the tools required to both perform and manage either a token offering, whether that be fungible or non-fungible.

Unity Development Kit

Stratis Unity Development Kit will enable game developers to integrate Stratis Blockchain Technology, allowing games to leverage non-fungible tokens and decentralized identities to manage in-game items efficiently.

IoT Software Development Kit

The Blockchain IoT Market is projected to grow exponentially over the coming years. The Stratis IoT Development Kit will enable businesses to utilize an ultra-lightweight Stratis Blockchain Client to integrate into their existing IoT devices.

DeFi Software Library

Stratis has already begun developing Smart Contracts in C#, utilizing Stratis’s Blockchain Technology. These contracts will be the foundation of an ever-growing repository of DeFi-based Smart Contracts.

Proof-of-Stake V4

There have been many advances with Proof-of-Stake algorithms. Stratis will introduce features that further security-levels and introduce new features to benefit those securing the network. 

Python Development Kit

Python is well renowned as a powerful programming language. Stratis’s introduction of a Python Development Kit will enable experienced Python Developers to interact with Stratis Blockchain Technologies with ease.

DEX Mobile Support

Stratis’s deployment of a Mobile Application, leveraging a fully decentralized exchange on the Cirrus Sidechain will facilitate the trading of SRC20 Tokens and others token standards in a genuinely trustless manner.

Mobile Wallet Token Support

The Stratis Mobile Wallet will be further developed to support tokens issued upon the Cirrus Sidechain. This development enables users to secure their tokens safely and securely on their mobile devices.

Stratis System Contracts

The enablement of Stratis System Contracts will provide a means to supersede historic off-chain logic and re-introduce such logic on-chain with the use of System Contracts. This development will bring simplification to user-driven processes providing a greater experience to those interacting with the Stratis Blockchain Technologies.

Stratis DAO

A total amount of 5,000,000 STRAX has been set aside to fund developers building solutions, utilizing Stratis Blockchain Technologies. Stratis has been clear that the funds will be distributed in a fully trustless manner based upon community voting in favour of projects to receive funds to fuel development.  

Stratis Oracles

Stratis understand the need for Advanced Blockchain Solutions to leverage external and reliable data. Stratis Oracles will provide a fully distributed and decentralized service that can be leveraged by those building upon Stratis Blockchain Technologies.

Introducing InterFlux

On the 22nd of December 2020, Stratis will be releasing InterFlux, the blockchain-agnostic and open-source protocol for communication between public and private blockchain solutions. Stratis InterFlux already fully supports interoperability with IBM’s HyperLedger Fabric; however, the upcoming public release will also incorporate support for Ethereum, enabling bi-directional communication between both Stratis Blockchain Technology and the Ethereum ecosystem.
 
Stratis is very aware of developments that have taken place within the public-blockchain space. This has become prevalent with the exponential growth of decentralized finance (DeFi) offerings such as UniSwap, Maker and Curve. This focus has led to the further development of Stratis’ interoperability solution. Stratis InterFlux will provide interoperability between the Stratis (STRAX) Blockchain and the Ethereum blockchain, bringing xETH to Stratis Blockchain Technologies and, importantly, wSTRAX to the Ethereum Blockchain. In a nutshell, Stratis InterFlux enables a seamless exchange of the STRAX Token to an equivalent Token on the Ethereum Blockchain, a token known as wSTRAX. The wSTRAX Token will fully leverage recent developments within the DeFi domain, taking advantage of rich liquidity pools and decentralized lending protocols available through Ethereum ecosystem.
 
Furthermore, Stratis InterFlux serves as a Layer-2 Scaling solution for existing Ethereum deployments. Using the management of non-fungible tokens (NFTs) as an example, the exchange of multiple assets, and where necessary, bundling of assets presents challenges within the current Ethereum ecosystem. These fundamental challenges directly revolve around the transactional/computational cost of performing frequent transfers of tokens. Overcoming such challenges can be achieved efficiently through issuing a representative NFT using Stratis Blockchain Technologies, such as Sidechains. Thus providing genuinely predictable transactional costs whilst retaining trustlessness in a decentralized manner.
 
The development of an interoperability solution between Stratis Blockchain Technologies and IBM’s Blockchain Solutions, as with all Stratis’ products, was developed with extensibility in mind. Stratis InterFlux attests to that through the rapid support of another blockchain platform. Stratis is keeping a close eye on projects and ecosystems within the public-blockchain domain and is already targeting Binance Chain as an additional ecosystem to be supported by our interoperability solution.
 
Join Stratis’ ever-growing community to discuss the further advantages to the developments as mentioned above, and also, how the ‘wrapping’ of other blockchain tokens can offer additional benefit to Stratis Blockchain Technologies.
 
 
 
 

STRAX Sidechain Masternodes – Dynamic Membership

The STRAX Initiative introduced benefits not only to the STRAX Blockchain but also, to the Cirrus Sidechain, as defined in the Introducing STRAX blogpost. A new incentivization was introduced for Cirrus Sidechain Masternodes; achieved through the distribution of 9 STRAX, every block, to every active Masternode on the Cirrus Sidechain.
Feedback regarding the new incentivization rewards has been phenomenal, and as such, it is now time to enable the Dynamic Membership feature. The introduction of Dynamic Membership has many benefits, first and foremost, by allowing ‘anyone’ to join the Cirrus Sidechain as an acting Masternode, block production inherently becomes more distributed. In addition, the Auto-Kicking feature ensures consistent Block Times, which is essential for businesses and projects, deploying solutions on the Cirrus Sidechain.
As previously mentioned, Dynamic Membership enables anyone to join the Cirrus Sidechain as a Masternode Operator; however, to be accepted, you must meet a collateral requirement of 100,000 STRAX. This collateral requirement was defined by a community vote, performed by the Stratis Token holder community. Sidechain Masternode operators are also encouraged to stake their collateral, providing additional distributed staking weight on the STRAX Blockchain.
We have set out to make the joining process as straightforward as possible, to aid the process, a document and script have been created to assist with the setup.

STRAX Sidechain Masternode Registration Guide

It is exciting times for the Stratis Platform, with the successful launch of the STRAX Blockchain, the subsequent integration with the Cirrus Sidechain and now the enablement of Dynamic Membership. Rest assured that there is still more yet to come!
As always we encourage you to join our Discord Server to liaise with the community and receive support for any questions or concerns you may have.

STRAX Token Swap Process

As the initial Token Swap window has now come to a close, as highlighted in our original announcement, Stratis can now only be exchanged via a new Token Swap process. Two documents have been created to support STRAT Token Holders in performing the Token Swap.
A high-level summary of the process can be found below.

    1. Install STRAX Wallet and generate an address
    2. Run Stratis Address Ownership Tool
    3. Provide the Tool with Wallet Detail and new STRAX Address
    4. Upload the produced CSV

The Address Ownership Tool obtains a list of addresses, associated with your wallet and creates a unique signature. This signature is signed using your wallet, providing unequivocal proof that you are the owner of the provided address. All relevant detail is saved to a CSV file that you must upload using this page. STRAT Token addresses are then queried for their balance at the time of the snapshot, taken at 9AM on the 12th November 2020.
If you haven’t already, download the STRAX Wallet and create your new STRAX Wallet and retrieve an address. You can then review and follow the steps outlined in the below document, relevant to the wallet you have that contains Stratis Tokens.
STRAX Token Swap – Manual Token Swap (Windows)
STRAX Token Swap – Manual Token Swap (MacOS)
If you have any concerns or require some support when completing the swap, please join our Discord Server and head into the Support channel!

STRAX Token Swap Update

Firstly, the Stratis team would like to thank the community for their amazing patience and support over the last few weeks. We are pleased to announce multiple exchange support for the upcoming swap.
The following exchanges will be supporting the swap:

Binance

https://www.binance.com/en/support/announcement/1937b7781c5043efa66c07141be3bdc2

Bithumb

https://cafe.bithumb.com/view/board-contents/1641246

UpBit

https://upbit.com/service_center/notice?id=1567

Wazirx

https://support.wazirx.com/hc/en-us/articles/900004356383

HitBTC

https://twitter.com/hitbtc/status/1324721923582947329?s=21

Bittrex

https://bittrex.zendesk.com/hc/en-us/articles/360051949552-Bittrex-support-for-the-Stratis-STRAT-token-swap-and-ticker-change-to-STRAX

Crypto.com

https://blog.crypto.com/crypto-com-supports-the-stratis-token-swap-to-strax/

Staking Services

Stakecube

https://stakecube.info/strat-to-strax-swap/

Withdrawal Notices

Users have been advised to withdraw their STRAT tokens from below exchanges before the 12th of November 2020. The two exchanges that will not be supporting the STRAX Swap are as follows:

Livecoin

https://www.livecoin.net/en/news/list

Poloniex

https://support.poloniex.com/hc/en-us/articles/360058400013-Stratis-Blockchain-Migration-Delisting-FAQ

Ledger  

Ledger has officially announced they will stop supporting the STRAT token from the 15th of October 2021.
https://www.ledger.com/stratis-token-migration
There is no deadline on the STRAX integration with Ledger at this time; however, we look forward to working with the Ledger team to bring STRAX support to Ledger Live.
It must be noted that Cold Staking will be activated once the STRAX Mainnet is live.

STRAX Giveaway

To celebrate the successful launch of the STRAX Token, we will be giving away 20,000 STRAX! More details, including how to participate, will be revealed next week.

STRAX Token Swap Deadline

The deadline for initial Token Swap window ends at 9 AM GMT on the 12th of November 2020. Further detail regarding the Token Swap can be found in the link below:
https://www.stratisplatform.com/2020/10/15/strax-token-swap/
Be sure to swap before 9 AM on the 12th of November to receive your STRAX Tokens on Day 1!

Masternode Collateral Vote

The time has come to cast your vote for the new collateral amount required to be eligible as a Cirrus Sidechain Masternode. As mentioned in our introduction to STRAX, we highlighted the addition of Dynamic Membership, which enables anyone to join the Cirrus Sidechain as a Masternode, providing they meet the defined criteria.
For those that have not been keeping up-to-date with the recent developments, in regards to the upcoming STRAX Blockchain; Cirrus Sidechain Masternodes will receive a share of 9 CIRRUS (equivalent to 9 STRAX) for every block produced on the STRAX Mainnet. To put that into context, every month, on average, Cirrus Sidechain Masternodes will receive a portion of over 525,000 STRAX split between all active participants.
Existing Masternodes will automatically vote in approval for those who meet the defined criteria, providing an environment that can grow without restriction or be manipulated by members not participating in voting in favour of those wishing to become a Masternode.
A vote, similar to that of the STRAX Token Proposal is now made possible by a newly released version of the Stratis Core Wallet. This version of the Stratis Core Wallet provides you with the ability to vote for a collateral amount that you want to be enforced by selecting your preferred amount, as seen below.

There are 5 options to select from, simply select the amount you wish to be determined as the collateral amount required to join the Cirrus Sidechain as a Masternode and click the Vote button. You can continue to perform the Token Swap after voting for your preferred option, swapped Token Balances will still count towards the voting weight. If your token balance changes for any reason other than participating in the Token Swap, your voting weight will be affected.
The voting period will last for one week and will conclude at the block closest to 5 PM GMT on the 30th October 2020. At that time, the weight of casted votes will be calculated to determine the chosen collateral amount defined for Dynamic Membership.
Be sure to cast your vote and have your say, every vote counts!

Stratis Core Wallet 2.2.1

Windows x64
Windows x86
OS X
Linux (DEB)
Linux (TAR)
The installation media is also available as GitHub Release.

Token Swap FAQ

As the voting has now ended the next stage is the Token Swap process from STRAT to STRAX. We have received several questions we would like to address in this short FAQ.
 

When is the STRAX swap window?

The Strax Swap window is from the 15th of October 2020 until the 12th of November 2020 at 9 AM GMT.
To be eligible to receive STRAX Tokens on day one you will require to perform the token swap during this period.

Will there be an additional participation window to complete the swap?

Correct. An additional participation window will exist until the 15th of October 2021 at 5 PM GMT.
Token Swap requests during this period will be subject to a manual validation process.
Please note: Token Swaps made after the initial Token Swap window will be based upon a snapshot taken at 9AM on the 12th of November 2020. Any balance acquired after the snapshot will not be accepted in the Token Swap.

Will STRAX tokens be burned?

Correct. STRAX Tokens that remain unclaimed will be irreversibly destroyed on the 16th of October 2021.

I have tokens on Cirrus, Do they require to be swapped during the first participation window?

No, the tokens on cirrus can be swapped from Cirrus to STRAX once the STRAX blockchain is live.

When will a Block explorer be available on the STRAX blockchain?

On the 12th of November once the STRAX Mainnet is live.

How many STRAX will I receive?

STRAX are distributed on a 1:1 basis. 1 STRAT can be swapped for 1 STRAX.

Once I have swapped, when do I receive my STRAX Tokens?

On the 12th of November once the STRAX Mainnet is live.

Will STRAX have exchange support?

We are in contact with several exchanges. Those who are in support of the Token Swap will make their announcements and define their preferred processes.

What will happen to the name “Stratis” on exchanges?

The name Stratis will stay the same. Only the token ticker will change from STRAT to STRAX.
 

What happens if there are unclaimed balances after the swap window has passed?

STRAX Tokens that remain unclaimed will be irreversibly destroyed on the 16th of October 2021.
 

Where can I find a guide on how to swap my tokens?

The simple steps can be found here: https://www.stratisplatform.com/2020/10/15/strax-token-swap/.

How to find out how many STRAT has been swapped to STRAX till date?

The current Token Swap progress can viewed by running the Extraction Tool: https://github.com/stratisproject/StratisFullNode/blob/master/src/SwapExtractionTool/README.md

Please show an example of a swap transaction?

https://chainz.cryptoid.info/strat/tx.dws?f38158dd941882ee9d9bf70c19e52a9f36bcf74b6e1a354c664bb327f0ffcf54.htm
The ‘Raw transaction’ you will see that the exact amount of STRAT is added as the value on the vote of an OP_RETURN script. Look up OP_RETURN burn you will see that it is a legitimate way of making coins unspendable which leads to burning them.
 

When will STRAX trading markets be live?

 This will be announced by the respective Exchanges who support the Token Swap.

Can I still stake STRAT till the last day of he swap first participation windows?

 Yes, but you will require to swap from STRAT to STRAX before the 12th of November 2020 at 9 AM GMT to be eligible to receive STRAX from day one.

Why doesn’t my STRAX wallet sync?

The STRAX Mainnet is not operational until the 12th of November 2020.
 

After I have performed the swap, why haven’t I received my STRAX?

 You will receive the STRAX tokens once STRAX Mainnet is operational on the 12th of November.

Which blockchain enhancements will be integrated when STRAX Mainnet is live?

  • Block Reward Stake increase
  • Block Time Reduction
  • Chain Transactions
  • Cold Staking
  • Dynamic Membership
  • Removal of StratisX Legacy nodes
  • SegWit Activation
  • Sidechain Incentivization
  • Time reduction in Cross-Chain Transfers

 

Where can I receive additional support?

For further technical support on the swap procedure, you can join our support channel on Discord at https://discord.com/invite/9tDyfZs where we have personnel standing by to assist you.

As always, we would like to thank our community for their continued support.

STRAX Token Swap

The STRAX Token Proposal vote has now come to a close, resulting in a vast amount of token holders voting in favour of the STRAX proposition. You can find a summary of the final vote statistics below.

Total Weight: 7907384.1935404 STRAT
Total No Weight: 2.46% [194185.77115927]
Total Yes Weight: 97.54% [7713198.42238113]

We are now progressing with the Token Swap and are now able to detail the process further and publicize dates that the token swap will commence. We must clarify that the STRAX Token will supersede the existing STRAT Token. As such, all future development activity will be undertaken against the STRAX Blockchain on the StratisFullNode codebase.
Significant effort has gone into both the development and acceptance testing to ensure the Token Swap process is as smooth and seamless as possible. Rest assured that we have spent a great deal of time assessing the Token Swap procedure, ensuring that the end result brings the most benefit to the Stratis ecosystem.
The Token Swap process is just the beginning for the vision we have for the STRAX Blockchain. As mentioned in our previous announcement; no longer are we constrained by legacy codebase clients maintaining the network, allowing innovations and new feature integration to be achieved much more efficiently. Furthermore, the revised tokenomic structure and dynamic masternode membership will provide further incentive for token holders to participate in securing the network, further increasing levels of decentralization.

For further clarity, please refer to the below Token Release Schedule for the STRAX Token.



We must highlight that the above charts reflect the assumption that all STRAT Tokens are swapped for STRAX Tokens. STRAX Tokens that remain in the Token Swap Allocation will be burned after participation windows close.
Third-party services that are utilizing the STRAT Token are actively being encouraged to supersede any support of the STRAT Token for the STRAX Token at the end of the initial Token Swap period. If you are a service provider and have any questions or have not been contacted, please reach out to us via our Discord Server or at [email protected].

Swap Process

As the initial Token Swap window has now come to a close, please follow the updated STRAX Token Swap process, found here.

Participation Windows

The STRAX Token Swap window be available until 5PM GMT on the 15th October 2021. Token Swap requests submitted during this period will be subject to a defined process. A detailed process guide for requesting a Token Swap after the STRAX Token Swap window will be released in due course.
The remaining Token Balance within the Token Swap Fund will be irreversibly burned on the 16th October 2021.

Token Distribution

STRAX distribution will be performed by an automated script that will be executed on 12th of November 2020 crediting those who have participated in the initial Token Swap period
Token Swap requests after the initial Token Swap period (NOW (15th October 2020) until 9 AM GMT on 12th November 2020) will be subject to an additional defined manual process to prove ownership of funds instead process defined above.

Exchange Support

We are happy to announce that the Token Swap will be supported by several exchanges. Announcements from the respective exchanges that are supporting the Token Swap will become available in due course, highlighting any deposit and withdrawal freezes of the STRAT Token.

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