1. Brief Introduction of Statter Network
1.1 Introduction of Statter Network
Statter Network is the world's first full-service blockchain platform for the metaverse ecosystem. Statter Network aims to build a high-performance and high secure infrastructure for metaverse developers, creators and players. Generating a new blockchain is as easy as building Lego with Statter's pioneering drag-and-drop technology, and putting your business on the blockchain quickly. Creators only need to focus on the innovation and R&D of their own business.
Statter adopts a multi-layer structure with high cohesion and low coupling, and supports multi-chain and multi-consensus parallelism, realizes cross-chain digital identity intercommunication by using DID aggregation protocol. Speed up and expand by sharding and DAG technology, a single chain can achieve 100,000 TPS and confirm transactions within seconds.
Statter is an open ecological platform that will provide or integrate metaverse infrastructure such as edge computing, edge rendering, decentralized storage, digital twin, and computer vision, etc.. Statter will promote the metaverse from theoretical construction to the leap beyond reality, and provide a full range of services for the metaverse ecology.
1.2 Core Strengths of Statter Network
The first infrastructure of the metaverse: providing a full range of services for the metaverse ecology.
The positioning of Statter Network is to become the first infrastructure of the metaverse. All technology development and ecological construction are carried out around the above positioning and goals. The self-developed “blockchain generation by drag-and-drop technology” allows everyone to build a new blockchain easily. Using DID aggregation protocol to realize cross-chain digital identity interoperability, and adopting sharding and DAG technology to greatly improve the operation speed of the main chain. Statter Network also provides or integrates metaverse infrastructure resources such as edge computing, edge rendering and decentralized storage, etc.
The blockchain factory in the Web3 era allows everyone to build a new blockchain, to achieve “one-click chain issuance”.
The drag-and-drop technology pioneered by Statter makes blockchain development accessible. In order to meet the diversified business of metaverse and the diversified demand of blockchain performance, developers can quickly generate a blockchain according to their business needs based on Statter’s drag-and-drop and modular blockchain technology.
As a pioneer, Ethereum allows everyone to issue tokens, realizing “one-click token issuance”. Statter allows everyone to build a blockchain, realizing “one-click chain issuance”.
Talent team are from Google and other leading tech companies.
The metaverse is a new civilization journey for mankind, but there are still many technical difficulties to overcome. Statter’s team is composed of several professionals in blockchain and metaverse fields. The team members have a deep grasp of the practical difficulties and key aspects faced in the development of metaverse, such as smooth experience, edge rendering, diversified demands on blockchain base performance, etc. Based on the precipitation of the team members in related fields, the overall architecture is designed to overcome the technical difficulties one by one.
1.3 Statter Network Team Information
The Statter Network team consists of several professionals in the fields of blockchain and metaverse, and the team is based in Silicon Valley, USA. They are rich in experience of blockchain development, chip technology, game visualization and metaverse project.
1.4 Official links of Statter Network
- Website: http://www.statter.io
- Twitter: https://twitter.com/statter_global
- Telegram: https://t.me/statter_network
- Medium: https://medium.com/@statter_global
- Linktree: https://linktr.ee/statter_network
- YouTube: https://www.youtube.com/c/StatterNetwork
2. Technical Highlights of Statter Network
An overview of Statter Network technology highlights.
2.1 Multi-layer Structure with High Cohesion & Low Coupling
Statter Network is a high-performance public blockchain platform that adopts multi-layer network structure. It uses basic protocol layer to ensure the security and decentralization of the network. The middle-layer (core layer) to provide decentralized digital ID management, pluggable consensus, safe and smart contract engine, cross-chain data sharing and decentralized ledger storage. The application layer to achieve extendable transaction, computing, storage and network transmission services. This multi-layer structure makes the functions of all layers clearer, which is beneficial to have a high cohesion and low coupling.
2.2 Cross-Chain DID Interoperability
Statter Network adopts decentralized identifier (DID) aggregation protocol, providing DID data index, DID verification and connection, and DID data aggregation service to congregate digital ID information from different chains of the ecosystem. Moreover, it uses unified digital method to announce and verify the standard, realizing cross-chain DID interoperability in the ecosystem.
2.3 Generate Blockchain By Drag And Drop
The requirements on the blockchain often change for different metaverse businesses. For example, the blockchain that serve GameFi need to have great TPS performance and the one that serves financial applications need to be very secure and decentralized. Statter can meet the requirements of various applications. Developers can choose different basic modules, components and consensus algorithms in this system based on the features of their own businesses. The combination is so flexible that a blockchain can be easily created by “drag and drop”. Statter makes the development of a suitable blockchain as easy as building blocks and as quick as issuing a token.
2.4 Multi-chain and Multi-consensus Parallel System
Apart from its own SPoW consensus mechanism, Statter Network also supports PoW, PoS and other consensus algorithm pool. (In the future, the system will support the submission of new consensus algorithms by developers). When developers are generating a blockchain, they can freely select consensus algorithms. The multi-chain and multi-consensus parallel structure has features of extendibility, isolation, high-performance and inter-connectivity. It is more adaptable to the metaverse DApps in a broader range.
2.5 Highly Efficient, Fair and Low-carbon Home Mining
The SPoW (Segmented Proof of Work) consensus mechanism is used to segment computing tasks and assign them to all mining pools. Mining rigs in the mining pools perform exhaustive computation of random numbers. SPoW avoids repetitive and ineffective computing and significantly improves the efficiency through parallel tasks. A fairer SPoW consensus mechanism reduces computational competition to a certain extent. Low-carbon home mining effectively avoids the waste of hardware and electricity resources.
2.6 Scaling With Sharding And DAG
Realizes task parallelism through sharding technology, and combined with DAG (Direct Acyclic Graph) high-speed asynchronous technology to write transactions concurrently. A single chain can achieve 100,000 TPS and confirm transactions within seconds.
3. Economic Model of Statter Network
3.1 Token Info
STT is the token of Statter Network with a total supply of 1.861 billion. STT token has no ICO, all tokens are generated through mining.
3.2 Mining Mechanism
Mining Information:
- Block Time: 12 seconds
- Block Reward: 120 STT
- Reduction Rule: Block reward for STT miners are reduced by 25% every 12 months.
3.3 Block Reward Allocation
Tokens generated in each block are distributed as following:
- Miner Reward: 70%
- Mining Pool Reward: 7%
- Ecological Construction: 10%
- Community Construction: 5%
- Protocol Labs: 5%
- Foundation: 3%
3.4 Staking Mechanism
There will be numerous public chains running on the Statter Network, as well as storing data and content generated by dApps in various industries. In order to guarantee that the miner can run stably 24 hours a day, a staking penalty mechanism is added (no penalty before the main network 2.0).
Miners must stake a certain amount of STT for each mining rig before participating in mining(testnet mining without staking STT). Miners can apply to redeem STT at any time after the staking period expires 180 days (redemption complete in 10 working days).
3.5 Token Deflationary Mechanism
There are many ways to reflect the value of tokens, the most directly ones are in supply and demand. Reducing the circulation of STT tokens by destroying them has become the most direct means to increase the value of tokens.
90% of STT tokens will be destroyed through pool creation fees, gas fees and other ways, with deflation to 186,100,000 STT (10% of the total amount).
After reaching the deflation goal, the pool creation fee will be used for ecological and community construction. All gas fees will be awarded to miners.
3.6 Application Scenarios of Token
STT is a freely convertible general-purpose token within the ecosystem, which can be applied to pool creation fee, staking, gas fee, gas fee of ecological dApp, stablecoin issuance collateral, ecological general-purpose token, and DAO governance voting, etc.