Subscribe to Our Newsletter
Thursday May 26, 2022
Bitcoin (BTC) $29,808.00   Ether (ETH) $1,963.91
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
No Result
View All Result
Swap USDT (TRC20) Instantly
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
Changelly
CryptoNinjas
Home Networks & Protocols

Stratis’ blockchain interoperability solution ‘InterFlux’ first to implement Stratis’ Oracles

Through the introduction of Stratis’ Oracles, a dynamic fee application has been introduced, resulting in drastically lower fees for the end-user...

Published by CryptoNinjas.net
08/05/2021
Stratis's cross-chain solution 'InterFlux' first product to implement Stratis’ Oracles

Stratis, a blockchain platform and development ecosystem has announced that its interoperability solution – Stratis InterFlux, has become the first product under the Stratis Blockchain Technologies framework to incorporate Stratis’ Oracles feature.

Specifically, Stratis’ Oracle feature has been employed to query real-time pricing of both the current Ethereum gas price, which is highly volatile and in addition, the current USD value of the STRAX token.

These important metrics enable a dynamic fee to be applied to all trustless conversion requests. This results in fair and consistent fees being applied based upon actual market data.

The Stratis approach to interoperability is not new with Stratis being one of the first to fully integrate trustless cross-chain support through its Smart Contract Sidechain(s).

InterFlux v2

In contrast to other cross-blockchain solutions that rely upon a centralized service for cross-chain transaction requests; the Stratis implementation is completely decentralized and trustless with transactions being conducted in an autonomous and unbiased manner.

In recent months, over USD $10M has been transacted through Stratis’ existing solution. Stratis InterFlux builds on top of this well-established feature within the Stratis Blockchain Technologies framework.

“While this release predominantly focuses on the release of InterFlux v2, the employment of Stratis’ Oracles excites those within Stratis; as the applicability of additional use-cases through the utilization of Stratis’ Oracles becomes a vivid reality. The ability to query external services such as data points provided by world-renowned data providers like Bloomberg, opens many use-cases. Stratis will, in future, compile and present use-case studies highlighting the benefits of utilizing Stratis Oracles.”
– The Stratis Team

An updated wallet supplements InterFlux v2 with a full production release of the STRAX Wallet now available. This enables users to perform a wSTRAX conversion with ease. STRAX tokens can also be easily exchanged back to STRAX via the InterFlux WebApp.

195
SHARES
FacebookTwitterLinkedinRedditE-MailTelegram
Source: Stratis

Related News

Stratis blockchain platform releases new Python SDK

07/02/2021
Stratis blockchain platform releases new Python SDK

Stratis, a blockchain platform built using C# and .NET has announced the release of a new Python SDK. Importantly, this now enables Python developers to begin utilizing Stratis blockchain technology in a programming language...

Read more

Winners revealed for $18K Stratis Smart Contracts Challenge

01/21/2020
Winners revealed for $18K Stratis Smart Contracts Challenge

Stratis, an enterprise blockchain technology company, has announced the winners of its latest hackathon, the Stratis Smart Contracts Challenge. Attracting nearly 200 participants and 13 high-quality submissions, the online hackathon produced a range of...

Read more

Stratis enters partnership with Triad to build enterprise blockchain apps

01/09/2020
Stratis enters partnership with Triad to build enterprise blockchain apps

Stratis, an enterprise blockchain technology company, announced today it has entered into a framework partnership with Triad, a UK provider of IT consultancy services and technology solutions, to deliver blockchain-based solutions to businesses and...

Read more

Stratis blockchain smart contract challenge now underway

11/04/2019
Stratis blockchain smart contract challenge now underway

Stratis, an enterprise blockchain technology company, is now live with its online hackathon which was first announced back in October to promote the use of its smart contracts. The hackathon known as the Stratis...

Read more
Load More

Discussion about this post

Where to Exchange

Crypto services suite in Spanish Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
America's first regulated bitcoin exchange Visit
  • Trending
  • Latest
Kiln completes $5 million funding round to grow blockchain staking platform

Kiln completes $5 million funding round to grow blockchain staking platform

05/19/2022
Crypto transaction monitoring platform Merkle Science adds support for 1,200+ ERC-20 tokens

Crypto transaction monitoring platform Merkle Science adds support for 1200+ ERC20 tokens

05/20/2022
Legion Network launches app with crypto wallet, NFTs, play2earn, watch2earn, launchpads, rewards and more

Legion Network launches app with crypto wallet, NFTs, play2earn, watch2earn, launchpads, rewards and more

05/24/2022
TRON network integrated with blockchain infrastructure provider Ankr

TRON network integrated with blockchain infrastructure provider Ankr

05/23/2022
Fairmint launches new tokenized equity platform for startups

Fairmint launches new tokenized equity platform for startups

05/25/2022
Japan exchange Coincheck lists SAND, the crypto asset of The Sandbox metaverse

Japan exchange Coincheck lists SAND, the crypto asset of The Sandbox metaverse

05/24/2022
Japan crypto exchange bitbank signs MOU to form institutional blockchain investment company

Japan crypto exchange bitbank signs MOU to form institutional blockchain investment company

05/24/2022
Binance obtains crypto license to operate in France

Binance obtains crypto license to operate in France

05/24/2022
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2022 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
No Result
View All Result

© 2016 - 2022 CryptoNinjas Disclosures | Privacy Policy

Go to mobile version