Stratis’ InterFlux Protocol Adds Support for Ethereum, Hyperledger, DEXs & DeFi – Press release Bitcoin News

PRESS RELEASE. Blockchain as a Service (BaaS) platform Stratis’ support to private and public blockchain solutions, Ethereum and Hyperledger, opens the ecosystem to mainstream adoption by businesses.

London, United KingdomStratis is developed to help make blockchain services accessible for businesses worldwide. In pursuit of that aim, it now supports interoperability with Ethereum, allowing firms to tap into the ease of use provided by Stratis Technologies while reaching out to millions of Ethereum users. The launch of its wrapped token (wSTRAX) also brings in a boom for the DeFi sector. Locked in a 1:1 ratio with the Stratis’ native STRAX Token, platforms built on Ethereum can utilize wSTRAX in their DeFi products.

Stratis provides an Enterprise-Grade Blockchain Solution developed in C# on the Microsoft .NET Core Framework focusing on Modular Blockchain Solutions for Public and Private Blockchain Solutions. Stratis offers Blockchain-as-a-Service (BaaS) to remove the complexities associated with launching a decentralized chain. Industry-leading Infrastructure-as-a-Service (IaaS) providers are supported to enable rapid deployment of services. Stratis BaaS allows organizations to embark on Blockchain solution development without the expense of administering and hosting an environment.

Introducing InterFlux

Stratis is very aware of developments that have taken place within the public-blockchain space. This has become prevalent with the exponential growth of decentralized finance (DeFi) offerings such as UniSwap, Maker and Curve. This focus has led to the further development of Stratis’ interoperability solution. Stratis InterFlux will provide interoperability between the Stratis (STRAX) Blockchain and the Ethereum blockchain, bringing xETH to Stratis Blockchain Technologies and, importantly, wSTRAX to the Ethereum Blockchain. In a nutshell, Stratis InterFlux enables a seamless exchange of the STRAX…

Read More