Stratis’ approach to achieving cross-chain transactions is not a new concept, with Stratis being one of the first within the blockchain space to fully integrate trustless cross-chain support through its Smart Contract Sidechain(s). Unlike other cross-blockchain solutions that rely upon a centralized service to handle cross-chain transaction requests, Stratis’ implementation is wholly decentralized and trustless, with transactions being conducted in an autonomous and unbiased manner. Stratis InterFlux builds on top of this well-established feature within the Stratis Blockchain Technologies framework.
Stratis’s interoperability solution, Stratis InterFlux, applies dynamic fees through the introduction of Stratis’ Oracles, resulting in drastically lower fees for the end-user. Stratis’ Oracle queries real-time pricing of both the current Ethereum gas price, which is highly volatile, and in addition, the current USD value of the STRAX Token. These crucial metrics enable a dynamic fee to be applied to all trustless conversion requests, resulting in fair and consistent fees being applied based upon actual market data.
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