Exploring the New World of Metaverse: Statter Network Whitepaper Global Release

As a big hit project in blockchain+metaverse, Statter Network’s development has attracted wide attention from investment and the industry. Over the past six months, the limited official information and media reports could piece together a vague version of the metaverse of Statter, including drag-and-drop generation of public chain and puzzle DApp construction, etc. after numerous builds and speculations, this mysterious project finally opened its doors, and showcase its ambition and innovation to the whole world.

Statter officially released the project whitepaper, as the first full-service public chain platform for the metaverse ecology, Statter relies on its drag-and-drop generation public chain technology + multi-public chain operation platform + metaverse plug-in application market to provide more convenient services for developers. After reading this whitepaper carefully, some key information was abstracted to provide reference for understanding Statter Network.

1. What is Statter Network?

Statter Network is the world’s first full-service public chain platform for the metaverse ecology, with the aim of serving metaverse developers, users and creators and building a high-performance and highly secure metaverse infrastructure.

Centering on the infrastructure positioning, Statter innovatively created drag-and-drop technology for public blockchain generation, with which developers could build new public blockchains as easily as playing with LEGO. The drag-and-drop public blockchain generation technology satisfies metaverse application’s demands for a multi-functional public blockchain; research and develop DID aggregation protocols to achieve interoperability of cross-chain digital identities; with the scalability of sharding and DAG technology, it achieves 100,000 TPS on the main chain and transactions are confirmed within seconds; adopts a multi-layer structure with high cohesion and low coupling; and supports parallel multi-chain and multi-consensus.

Statter is an open ecological platform that connects the infrastructure of 3D engines, GIS, edge computing, edge rendering, decentralized storage, digital twinning, computer vision, and so on to the plug-in application market. Relying on drag-and-drop generation public chain technology + multi-chain operating platform + Metaverse plug-in application market, it aims to provide a full range of services for metaverse developers.

2. Why build metaverse blockchain infrastructure?

   There is no doubt that the metaverse has become another great revolution after Internet information. Among the development paths of the metaverse, blockchain is inevitable. At present, the application of blockchain in the meta-universe is single, simple and fragmented, which cannot form a complete industry relationship. The establishment of Statter aims to solve this problem.

The large-scale application of blockchain technology creates a public chain, and involves a series of development and debugging issues such as the establishment of development environment, smart contract code writing, deployment of public chain operating environment, application interface docking, purchase and docking of infrastructure supporting resources, and so on. At the same time, it also needs to meet the requirements of blockchain with high security and sound performance. Only by providing developers with a comprehensive service of “drag-and-drop generation public chain technology + multi-chain operating platform + metaverse plug-in application market”, can the above problems be solved.

  3. Core technological edge of Statter

Statter has a lot of core technological advantages in order to be the king in the  Web3 era.

Multi-layer structure with high cohesion and low coupling: Statter is a high-performance public chain platform with a multi-layer network structure to ensure security and decentralization through the basic protocol layer. The middle layer (core layer) provides decentralized digital identity management, pluggable consensus mechanism, secure smart contract engine, cross-chain data interaction and decentralized ledger storage; The application layer provides scalable trading, computing, storage and network transmission services; in the multi-layer structure, each layer’s function is clearly deyermined, conducive to the realization of high cohesion and low coupling.

Drag-and-drop generation public chain technology: different metaverse businesses have different requirements for public chains. Therefore, for different business needs, developers can select and match basic functional modules, components and consensus algorithms with their own business, and generate public chains like building blocks the through drag-and-drop operation; it makes public chain development as easy and fast as Token issuance.

Multi-chain and multi-consensus parallel architecture: In addition to its own SPoW consensus mechanism, Statter also supports consensus algorithm pools such as PoW, PoS, PoC and DPoS (in the future, developers will be supported to submit new consensus algorithms to the consensus pool). When generating public chains, creators or developers can freely choose different consensus mechanisms. Such multi-chain and multi-consensus parallel architecture have the characteristics of scalability, isolation, high performance and interconnectivity, which can be applied to a wider range of metaverse applications.

Cross-chain DID interoperability: Statter adopts the DID (decentralized identifier) aggregation protocol to provide DID data index, DID verification and association, and DID data aggregation services to aggregate digital identity information on different chains within the ecosystem. By issuing and verifying standards in a unified digital way, cross-chain digital identities within and outside the ecosystem can be connected; Statter’s cross-chain bridge implements protocol conversion, adapts other public chain protocols to its cross-chain protocols, and achieves unified protocol communication. It also supports tokens, smart contract instructions and information transfer between different public chains; Through cross-chain bridge technology and ecological universal token STT, Statter can realize the free exchange and circulation of values or assets inside and outside the ecosystem.

Scalability through sharding and DAG technology: The sharding technology is used to achieve task parallel, and the transaction is concurrently written with the Direct Acyclic Graph (DAG) high-speed asynchronous technology. The single chain can achieve 100,000 level TPS, and transactions are confirmed in seconds.

Integrated metaverse plug-in application market: Metaverse is the integration of the virtual world and the real world. Statter connects 3D engines, GIS, edge computing, edge rendering, decentralized storage, digital twinning, cloud computing, artificial intelligence, computer vision, and other infrastructure into the plug-in application market. The plugin marketplace is integrated into the Statter public chain platform. All plug-ins are available on the fly for developers.

Efficient, fair, and low carbon home mining: SPoW (Segmented Proof of Work) was used in Statter’s new fair and low carbon consensus; The calculation tasks are divided into segments, and the segmented tasks are allocated to all mining pools in the network. The mining devices in the pool perform random exhaustive calculations. Task segmentation can not only avoid repeated invalid calculations, but also greatly improve efficiency through task parallel. SPoW consensus mechanism is fairer and can reduce computing power competition to a certain extent and realize low-carbon home mining.

4.Tokenomics 100% produced by mining

    Statter’s token, STT, is probably the fairest token allocation model after Bitcoin. The total amount of STT is 1.861 billion, all of which are extracted by mining, and the annual production reduction is 25%.

Token staking model

The economic model of staking greatly solves the scarcity of STT tokens. It is expected that most of the tokens mined in the early stage will be used for the stake, and there will be very few tokens in circulation on the market(the first batch of staked tokens comes from testnet mining, and testnet mining does not require stake).

Fair token distribution

The tokens produced by each block are distributed fairly. The tokens of foundations and protocol labs only account for 8%, and miners and communities (miners + mining pools + community construction + ecological construction) account for 92%. Miners And the community occupies the absolute distribution weight.

Token deflation model

Numerous satellite chains are generated based on Statter’s drag and drop generation, each of which is used by thousands of users every day. In addition, there are also mainnet GAS fees, mining pool creation fees and other ways to destroy STT, aiming to destroy 90% of the total circulation.

5. The roadmap offers a glimpse of Statter’s ambitions

Nautical chart: In the whitepaper, Statter publishes a roadmap for the next few years and beyond, and like Ethereum, Statter has given these stages artsy names: Snow Crash, Code Charter, Cyberpunk, Time Traveling, High-Dimensional Civilization. These phases clearly map out Statter’s path and goals.

Ecological construction: The Statter Foundation will establish an ecological support fund, launch the global ecological construction and technology contribution award program, and vigorously support the ecological application and construction in metaverse culture, finance and entertainment; it supports creators or developers to create more metaverse applications on Statter’s platform through the Satellite Chain building program.

DAO Governance: When Statter’s metaverse ecology takes shape, the Foundation and Protocol Labs will initiate DAO governance, return management rights to the community, and allow participants to become public chain platform owners. Statter will become a global open-source public chain platform governed by DAO. DAO management and operation rules will be written into smart contracts, enabling DAO governance to operate autonomously without centralized control or third-party intervention. Through intelligent management and token economic incentives, DAO can be self-operated, self-governed, and self-evolved, thus achieving governance capability beyond the organization.

Previous articleHistoryDAO Presents Coaching Teams To Victory: A Dialogue With Football Legend Bora Milutinović
Next articleV5 Foreign Exchange Officially Launched Worldwide