Stratis, a highly decentralized blockchain development platform; built to enable Microsoft developers to develop blockchain solutions in a language they know and love which provides a feature-rich ecosystem with tooling and Software-Development-Kits which allows solutions to be built with confidence and assurance has set a swift interoperability bridge as it plans to launch Interflux 2.0 on the 9th of March, 2022.
The Stratis eco-friendly system is a Decentralized, highly secure, and energy-efficient platform that presents the ideal platform to deploy blockchain projects. To make a more viable system, it deployed its seamless architecture and based it on Bitcoin, the most secure blockchain to date as the Bitcoin Blockchain has further combined with Stratis’ implementation of Proof-of-Stake, thereby producing a low carbon footprint.
Why Interflux is Indispensable
Worthy to note is that InterFlux is an important development for Stratis, bridging the gap between Stratis Blockchain Technologies and other popular Blockchain platforms, such as Ethereum. This unique functionality of Interflux was first introduced last year when the wSTRAX (Wrapped STRAX) contract was created on Ethereum. Going further, it enabled the seamless exchange of STRAX to a ‘wrapped’ ERC20 equivalent which enabled STRAX holders to utilize Ethereum-based DeFi protocols, such as UniSwap.
Cross-matching the open-end possibilities which Interflux is set to still offer, InterFlux has enabled bi-directional transfers of ERC20 Tokens to SRC20 Tokens. This is very important to providing a genuine scaling solution for Ethereum and creating a more diverse ecosystem within Stratis through the ability to leverage well-established and liquid tokens, such as USDT and wBTC (Wrapped Bitcoin).
The Wine and Dine; Interflux 2.0
As earlier stated, the InterFlux Bridge will be updated on Wednesday, 9th March, to support some listed tokens, bringing ERC20 token support that includes $wETH, $wBTC, $USDC, $USDT, $LINK, and $SHIB. A total of six ERC20 Tokens will be supported and available through the InterFlux Bridge; the list of supported tokens will continue to grow through community demand and market sentiment.
In addition, an updated version of Cirrus Core will be unveiled, offering support for exchanging back to ERC20 for those that wish to do so. Without a doubt, It’s truly an exciting time at Stratis; with the recent success of the first commissionless NFT Platform and the further development of its interoperability solution. All these great strides by Stratis have only been made in this first quarter of the year.
Creating a More Robust System
The availability of additional tokens that offer rich liquidity is also a benefit to Opdex, the first platform that delivers decentralized exchange protocols in the Stratis ecosystem. Users of the Opdex protocols will leverage these tokens in liquidity pools, enabling efficient, trustless, and decentralized swaps of the Cirrus Token to popular tokens on Ethereum.
This provides additional utility for the Cirrus Token and an attractive alternative to popular DeFi protocols such as Uniswap. In a more realistic sense, this has been made possible because of the significant reduction in gas costs when transacting on Opdex and within the Stratis ecosystem, gearing the need for being thankful.