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

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store