Stratis Development Update

It’s been an exciting year at Stratis! This quarter has seen significant investment in time focusing on collaboration and exposure, with multiple community engagements and event sponsorship, ranging from IoT focused events to code quality and performance conferences. Stratis is committed to maintaining this level of development community engagement, ensuring steady organic growth in the utilization of Stratis Blockchain Technologies.

It has been fantastic to see both OpDex and FileProtected be the first two projects to take advantage of the Stratis Decentralized Accelerator and receive approval from the InterFlux Decentralized Governance Board — enabling the funding of their respective projects. Stratis is keen to see more projects appearing within their Discord Server, proposing projects to receive further funding from the SDA.

A summary of development highlights can be found below, providing some insight into what is to come.

Stratis Oracles

The first implementation of Stratis Oracles has been incorporated into the InterFlux solution, enabling real-time queries of fiat and token prices. This crucial development makes it possible for InteFlux fees to remain dynamic, unlike other solutions that implement fixed costs, resulting in significant fluctuation due to volatile markets. Furthermore, Stratis Oracles can be effortlessly extended to facilitate market-leading API’s making it possible to retrieve data bespoke to specific industries. Stratis now has a release candidate for the InterFlux Hub, incorporating the dynamic fees, ensuring fair and consistent fees.

Stratis IoT

Stratis’ IoT Development has progressed considerably, resulting in an ultra-lightweight blockchain client capable of relaying data from various IoT devices. Stratis’ development of the ultra-lightweight client unleashes a plethora of exciting and innovative use-cases. A demonstration of how the Stratis IoT client can forward temperature and humidity data to a Smart Contract, ensuring a tamper-proof and auditable record can be stored on-chain, will be made available in the coming weeks.

Mobile DEX Wallet

OpDex, the first approved project through the Stratis Decetranlzied Accelerator, has made great strides in developing their decentralized exchange, recently releasing source and documentation for audit. Stratis has continued to support OpDex, with weekly calls and access to core developers to ensure both OpDex and future product developers have the necessary tools and documentation to achieve seamless integration with Stratis Blockchain Technologies. This includes the further development of the Stratis Mobile Wallet, offering support for the OpDex protocol.

Python SDK

pyStratis, the Python SDK for Stratis Full Node, is now publicly available, with special thanks to community developer contributions. Functionality such as building and signing transactions, interacting with Smart Contracts and obtaining a blockchain state is effortlessly achieved through pyStratis. Furthermore, the STRAX Blockchain and Cirrus Sidechain are fully supported. In addition, InterFlux Hub support has been made available to cater for transactions between Stratis and other blockchains, such as Ethereum.

Proof-of-Stake V4

An initial focus on enhancing Stratis’ existing Proof-of-Stake implementation was placed on hold due to a strategic stance targeting Stratis’ sidechain consensus algorithm, Proof-of-Authority. The InterFlux Decentralized Governance Board has grown exponentially, with a growth of over 300% since the introduction of Stratis’ unique trustless dynamic membership procedure. As such, a focus on Stratis’ PoA implementation was necessary to ensure the network continues to scale and handle IDGB Member variances.

As Stratis moves into H2 2021, its focus will remain on engaging with development communities. With a variety of conferences and a global hackathon with some impressive sponsors already in the pipeline. Stratis will also publish an updated development roadmap, highlighting the strategic focus as Stratis moves into the latter part of 2021.

Stratis is powerful and flexible Blockchain Development Platform designed for the needs of real world financial services and businesses.