Stratis 3.0 Announced

Stratis unveiled an updated development roadmap of Stratis 3.0, highlighting the strategic focus as Stratis moves into the latter part of 2021

Recently, Stratis publish an updated development roadmap of Stratis 3.0, highlighting the strategic focus as Stratis moves into the latter part of 2021. The highlights include Project Graphene, Project Titanium, and Project Rhodium.

The launch of Project Graphene aims enhancements to the Stratis Full Node, the core of all Stratis Blockchain Technologies. Project Graphene focuses on providing SDK’s for alternate programming languages, reducing the barrier for entry for programmers more proficient with other programming languages and platforms than Microsoft .Net and C#. The further development of the existing Python SDK and JavaScript SDK will be an initial focus.

Source: Stratis

The other focal point of Project Graphene will be to enhance Stratis’ existing employed consensus algorithms, Proof-of-Stake and Proof-of-Authority. In order to ensure the prospect of infinite scale, catering for the vast growth that has been witnessed on Stratis’ Smart Contract sidechain, the company is focusing on breaking out of fixed mining timeslots, ensuring that IDGB Members can produce blocks competitively, opposed to within given timeslots. This will bring further reduction in block time while overcoming the challenges regarding on-chain time consensus and ultimately increasing throughput as the network scales.

Stratis said that its sidechain solution(s), secured by the InterFlux Decentralized Governance Board, provides a genuine level of decentralization as compared to other platforms within the blockchain space. The rewarding implementation of Stratis System Contracts will be used to bring vital improvements to both User-Experience and security of both the mainchain and respective sidechains. There will also be a focus on integrating the Federation Staking and Collateral Staking Enforcement.

Project Titanium aims to create an additional sidechain, known as Web Assembly Sidechain (WAS), based upon Ethereum 2.0, utilizing the eWASM. This development, Straits claims, will bring unrivaled performance, using a standardized instruction set architecture, enabling more programming languages out of the box, like C, C++, Rust, and GO. The WAS chain will offer direct support for all contracts deployed on the Ethereum 2.0 blockchain, creating immediate migration possibilities and presenting such migrations as a viable solution. Apart from contract support, applications built to support Ethereum, like MetaMask and many others, will be supported natively.

Stratis said that it intends to continue to make use of the existing block validation mechanisms and ensure that IDGB pursues to secure all chains attached to the Stratis Mainchain. 

Project Rhodium focuses on the further development of turn-key solutions that Stratis provides. Stratis said that by pairing its Identity Solution with Smart Contract solutions, it can provide the benefits of blockchain within specific industries. Its compliance solution will focus on binding people and/or physical items to digital identity that can be referenced on-chain via Smart Contract interaction. Using Stratis Blockchain Technologies and AI governance services, Stratis’ solution can place the control of operating compliance checks in the employer’s hands, discarding duplication of effort and achieving substantial financial savings. 

Project Rhodium also aims to provide a NFT marketplace in a non-profit manner, discarding any fee incorporation and maximizing profit realization for the content creators and buyers using the platform. Marketplace components like NFT sales and bidding will all be handled autonomously via Stratis Smart Contracts, enabling original sellers to embed receipt of future sale revenue and ensuring buyers that purchases made are fair and non-bias.

Another highlight of Project Rhodium is Unity Gaming Development Tooling. The company is also focusing on non-gaming use-cases of Unity Gaming Engine, industries like film and computer-aided design (CAD) are of particular focus. 

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