Stratis’ cross-chain solution “InterFlux” is the first product to implement Stratis oracle »CryptoNinjas

Stratis’ cross-chain solution “InterFlux” is the first product to implement Stratis oracle »CryptoNinjas


Stratis Blockchain platform and development ecosystem It has been announced that its interoperability solution Stratis InterFlux has become the first product to include Stratis Oracles functionality under the Stratis blockchain technology framework.

Specifically, Stratis’ Oracle function has been used to query the real-time pricing of the current Ethereum gas price, which fluctuates greatly. In addition, you can also query the current dollar value of the STRAX token.

These important metrics enable dynamic fees to be applied to all trustless conversion requests. This leads to the application of fair and consistent fees based on actual market data.

Stratis’ approach to interoperability is not new. Stratis was one of the first companies to trust cross-chain support through its full integration. Smart contract side chain.

InterFlux v2

First of all, it is different from other cross-chain solutions that rely on centralized services to process cross-chain transaction requests; the implementation of Stratis is completely decentralized and trustless; transactions are conducted in an autonomous and fair manner.

In recent months, more than $10 million has been traded through Stratis’ existing solutions. Stratis InterFlux is built on this mature function within the framework of Stratis blockchain technology.

“Although this version mainly focuses on the release of InterFlux v2, the use of Stratis oracles excites the people inside Stratis; because the applicability of other use cases using Stratis Oracles has become a vivid reality. Query external services (such as Bloomberg) The ability to use data points provided by world-renowned data providers has opened up many use cases. In the future, Stratis will compile and present use case studies, focusing on the benefits of using Stratis Oracles.”
– Stratis team

The updated wallet version is accompanied by the InterFlux v2 version; the complete production version STRAX wallet It is now available so that anyone can easily perform wSTRAX conversion. wSTRAX tokens can also be exchanged back into STRAX tokens effortlessly in the following ways InterFlux web application.

Source link

More to explorer

Understanding Key Factors in Accidents

Pedestrian Safety Statistics Pedestrian safety is an urgent concern worldwide, with over 1.3 million people dying in traffic accidents annually. Pedestrians account