Information about Statter Network is readily available, and its official website contains numerous articles. When the mainnet goes live, it is crucial to analyze Statter’s consensus mechanism, which is Segmented Proof of Work (SPoW).
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Statter divides the calculation tasks into different segments and then distributes them to all nodes in the network. The devices in the nodes perform exhaustive calculations of random numbers, and those with correct results will be rewarded with STT; Task segmentation not only helps evade repeated invalid calculations, but also achieves a significant increase in efficiency through parallel tasks.
In this process, there are two important players: the node and the user. In addition, there is one important medium: the device. The specific process is as follows: users connect their devices to the node for working and obtain STT rewards. Superficially, it seems extremely similar to Bitcoin and early Ethereum working. However, there is also a fundamental difference in that Statter is fair in distributing working rewards and maintains a low-carbon and green working.
The Statter economic model is set to zero pre-sale, which means that all STT tokens must be generated through work.
A total of 1.861 billion STT tokens are issued, and the STT output of each block is redistributed: users get the most, 70%; nodes account for 7%; 10% of STT is allocated to the ecological construction of public blockchain; 5% is distributed to the development of global community and consensus dissemination; 5% is used for the technical development and iteration of protocol labs; and the rest 3% goes to the foundation for the operation of the project.
In other words, at the beginning of the mainnet, only a limited number of or even scarce STT tokens are circulated on the market. What is more, the economic model sets up a deflationary mechanism and a burning mechanism: 25% of STT tokens are reduced for every 12 months, and a destruction mechanism is continuously implemented through gas fees, node creation fee or buybacks, until 90% of STT tokens are destroyed, leaving only 186 million STT in the end.
The blockchain industry is acquainted with Statter’s project background and technical advantages. Transcending other rivals with its technical performances, Statter is the first to develop the drag-and-drop public blockchain technology, ranks the top in developing dApp jigsaw puzzles and cleverly designs the highly cohesive and low-coupling multi-layer structure network.
In terms of investment, earlier the Wall Street-based Holo Foundation announced a $10 million investment in Statter to support the development of metaverse technology and related ecosystem. Holo Foundation also held a press conference in New York to highlight the strategic importance of investing in Statter and invited investment bank managers and economists to participate in the discussion. Statter has already received more rounds of institutional funding.
With the launch of mainnet, Statter Network unveils the mystery of the metaverse blockchain platform and meets the test of the global developers and user community. Everyone is looking forward to what the Statter Network and STT will bring in the future.
Contact Info:
Name: Ellen Miller
Email: Send Email
Organization: Statter Network
Website: http://www.statter.io
Release ID: 89094742
