Saturday March 06, 2021
Bitcoin (BTC) $47,947.00   Ether (ETH) $1,582.85
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
NEWSLETTER SIGNUP
EXCHANGE 300+ COINS
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
No Result
View All Result
Home Featured

Stratis releases sidechains and smart contracts in C#

Published by CryptoNinjas.net
12/27/2018
Stratis launches C# full node on mainnet and core wallet production release

Stratis, the blockchain development platform today announced the release of Stratis Sidechains and Smart Contracts in C#. The combination of the two technologies forms an ideal pairing and marks the production release of both sidechains and smart contracts. As part of this release, Stratis has launched the Cirrus sidechain that supports smart contracts.

The new sidechain has its own tokens, CRS, which are used for transacting on the sidechain, and provide gas for running smart contracts. This sidechain builds on the previous sidechain release and utilizes a Two-Way Federated Peg solution, which allows STRAT to pass to and from the sidechain through a gateway controlled by a federation. CRS is pegged to STRAT at a 1:1 ratio.

To maintain chain integrity, STRAT deposits need to mature for 500 blocks before they are honored on the sidechain. Withdrawals from the sidechain only require a singular confirmation before becoming spendable.

The sidechain is secured using a Proof-of-Authority (PoA) consensus algorithm, which requires a federation to be in place. The federation members have the rights to create blocks whereas non-federation sidechain nodes can transact and deploy smart contracts, but they cannot mine the blocks. On our smart contract sidechain, each federation member has a dual role, controlling the gateway with the main chain and generating blocks.

A PoA algorithm is ideally suited to a smart contract sidechain. It is a flexible algorithm for blockchains and block creators are kept accountable as they are identifiable. PoA also enables the new sidechain to have a very small and predictable block time, blocks are issued on the network every 16 seconds.

As Cirrus is the first launched sidechain including smart contracts, the federated members of the Cirrus sidechain are comprised of nodes that are owned and maintained by Stratis. There will be an additional sidechain released in the new year, this will be comprised of STRAT holders who meet set collateral requirements. In addition, the federation will be further developed to offer further flexibility, allowing for the addition and removal of federated members.

Finally, an updated instance of Stratis Core will be released, this new version will enable users to seamlessly deploy smart contracts from the Stratis Core UI. A preview of this can be found below.

FacebookTwitterLinkedinRedditE-MailTelegram

Related News

Winners revealed for $18K Stratis Smart Contracts Challenge
Networks & Protocols

Winners revealed for $18K Stratis Smart Contracts Challenge

01/21/2020
Stratis enters partnership with Triad to build enterprise blockchain apps
Vendor Technology

Stratis enters partnership with Triad to build enterprise blockchain apps

01/09/2020
Stratis blockchain smart contract challenge now underway
Blockchain Technology

Stratis blockchain smart contract challenge now underway

11/04/2019
Stratis blockchain platform launching $18K smart contract hackathon
Networks & Protocols

Stratis blockchain platform launching $18K smart contract hackathon

10/03/2019
Stratis Blockchain Src20
Vendor Technology

Stratis SRC-20 token issuance contract now deployable

07/10/2019
Load More
Leave Comment

Where to Exchange

Bit2MeLeading Spanish Bitcoin ExchangeVisit
BL3P
European Bitcoin ExchangeVisit
ChangellyExchange & Buy 150+ CryptocurrenciesVisit
itBitAmerica's First Regulated Bitcoin ExchangeVisit
  • Trending
  • Latest
Enjin launching two scaling solutions to remove gas and support NFTs from any blockchain

Enjin launching two scaling solutions to remove gas and support NFTs from any blockchain

03/04/2021
Creators of crypto wallet Exodus files with SEC to allow purchase of its stock with bitcoin

Creators of crypto wallet Exodus file with SEC for $75M public offering

03/03/2021
SIMBA Chain expands to Avalanche blockchain enabling low-code smart contract deployment

SIMBA Chain expands to Avalanche blockchain enabling low-code smart contract deployment

03/02/2021
Canadian bitcoin exchange CoinSmart raises $3.5M to expand into Europe

Canadian bitcoin exchange CoinSmart raises $3.5M to expand into Europe

03/01/2021
DeFi yield optimization protocol ETHA Lend closes $1.6M funding round

DeFi yield optimization protocol ETHA Lend closes $1.6M funding round

03/04/2021
Bitcoin DeFi platform Sovryn reveals $1.25M bug bounty; raises $10M in token presale

Bitcoin DeFi platform Sovryn reveals $1.25M bug bounty; raises $10M in token presale

03/05/2021
P2P crypto escrow platform Escaroo adds staking function from Moonstake

P2P crypto escrow platform Escaroo adds staking function from Moonstake

03/05/2021
SecondState launches Ethereum compatible ParaTime on the Oasis blockchain

SecondState launches Ethereum compatible ParaTime on the Oasis blockchain

03/05/2021
NFT platform Curio closes seed funding of $1.2M to fuel expansion

NFT platform Curio closes seed funding of $1.2M to fuel expansion

03/05/2021
IOTA token added as collateral asset on Bitfinex Borrow

IOTA token added as collateral asset on Bitfinex Borrow

03/05/2021
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2021 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact

© 2016 - 2021 CryptoNinjas Disclosures | Privacy Policy


Go to mobile version