Stratis completes token and pistol swaps for enterprise blockchain crown – News Couple
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Stratis completes token and pistol swaps for enterprise blockchain crown


Blockchain technology firm Stratis has completed its latest major update, with the STRAX token replacing its predecessors from STRAT. The exchange came after a vote that saw more than 97.5% of token holders give the go-ahead for the proposal, paving the way for a modified token structure, new incentive mechanisms, and improved block times.

In total, more than 93 million STRAT tokens were transferred 1:1 to STRAX, representing 93% of the circulating supply. The rest were burned, effectively removing over 6.6 million tokens from existence.

With the deployment of an all-new blockchain and native token — not to mention the imminent launch of the NFT Marketplace, Games, and the Unity Engine SDK — Stratis, like its fellow sleeping giants Cardano, Tezos and Polkadot, is starting to wake up and wake up. Good as it promises.

Why exchange codes?

Stratis users who failed to exchange STRAT for STRAX can’t complain: the platform announced the change last October, giving token holders a full year to install a STRAX wallet and exchange their old issued assets.

The large number of tokens exchanged emphasized the simplicity of the process, which saw users trade STRAT independently via an unreliable on-chain mechanism, transfer their tokens to an exchange that supported the swap (Binance, Bittrex, Bithumb, etc.), or manually switch from them to STRAX using a tool provided by the platform.

The token swap was part of a suite of changes made to the platform, with reduced block times, increased block rewards, SegWit activation, and the introduction of both cold staking and dynamic membership. The latter enables any user to join the Cirrus sidechain as a proxy masternode – which saves, i.e. it meets the 100,000 STRAX warranty requirements.

The management and monitoring of master icons is also simplified thanks to the newly released operator dashboard.

Stratis enters shipping season

Designed to help Microsoft developers develop blockchain solutions in a language they understand and love, Stratis launched in 2016 as an enterprise-focused Blockchain-as-a-Service company. In the years since, the platform has poured a massive amount of resources into improving its features and tools, while also including companies from all over the world.

However, 2021 was a special year. Not only does Ethereum get interoperability thanks to its InterFlux solution, Stratis recently launched the Unity Development Kit, which enables NFTs and decentralized identities to be integrated into the gaming ecosystem. A number of game projects (Dawn of Ships, Trivia Legend) are now busy building on Stratis’ Proof of Stake blockchain, due to its low-fee environment and 3D SDK.

DeFi is another area of ​​exploration by Stratis, as evidenced by the emergence of the Opdex decentralized exchange protocol. Funded by Stratis’ decentralized accelerator, Opdex enables unreliable token swaps, providing liquidity, mining, and staking in a non-prudential and gas-efficient manner. Recently released on the Cirrus testnet, the DEX protocol aims to bring much needed diversification to the booming DeFi sector, which has a strong focus on Ethereum.

Founder Tyler Peña believes the fact that Opdex encoded in C# means the ecosystem can “dramatically increase adoption rates by developers while reducing frustration with learning new languages, frameworks, and tools.”

Shaping Blockchain Policy

Although DeFi, NFTs, and blockchain-based gaming are now a huge part of the Stratis universe, the platform remains at its core enterprise-focused. As such, it remains committed to leading use cases, grooming businesses and organizations, and working with governments.

Last month, Stratis joined the UK’s All-Party Parliamentary Group on Blockchain (APPG Blockchain), which aims to “provide evidence, guidance and recommendations to policy makers on blockchain-related issues.”

By having a seat at the table, Stratis – described by Birgit Andersen, the APPG Blockchain Secretariat as “one of the UK’s most established and innovative blockchain platforms” – will be in a position to influence and inform UK government decision-making when it comes to Blockchain initiatives.

The spoils, of course, are significant: commercial investment in blockchain technology is expected to reach nearly $16 billion by 2023, a 40% increase over 2019. With the broader crypto market currently in good shape, Stratis appears to be well positioned. To take advantage of the feeling of happiness factor.

Image source: Depositphotos.com



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