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Statter Network (STT)

Statter Network (STT) is a full-service public platform for the ecosystem. It aims to build a high-performance and highly secure infrastructure for metaverse developers, creators, and players.[1][7]

Overview

Statter has developed drag-and-drop technology for creating public blockchains, which simplifies the process for developers. This technology meets the requirements of metaverse applications, supports cross-chain digital identities with DID aggregation protocols, achieves high transaction throughput with 100,000 TPS on the main chain, and offers quick transaction confirmations through and [3] technology.[1][2]

Statter's infrastructure also features a multi-layer structure for scalability, supports parallel multi-chain and multi-consensus, and serves as an open ecosystem and platform for various applications, including 3D engines, GIS, edge computing, decentralized storage, digital twin, and computer vision. It provides comprehensive services for metaverse development through its multi-chain operation platform and plugin App Market.[2]

Technical Highlights

Multi-layer Structure

Statter Network functions as a high-performance public blockchain platform featuring a multi-layer network design. The foundational protocol layer prioritizes network security and decentralization. The core layer offers decentralized digital ID management, adaptable , a secure engine, cross-chain data sharing, and decentralized ledger storage. The application layer expands transaction capacity, computing capabilities, storage options, and network transmission services.[3]

Cross-chain DID Interoperability

Statter Network utilizes a decentralized identifier (DID) aggregation protocol, offering DID data indexing, verification, connection, and aggregation services. It consolidates digital ID information from various chains within the ecosystem, achieving cross-chain DID interoperability through a standardized digital approach.[3]

Generating Blockchain by Drag and Drop

Blockchain requirements vary across different metaverse businesses. For instance, GameFi demands high TPS performance, while financial applications prioritize security and decentralization. Statter is adaptable to diverse application needs. Developers can select specific modules, components, and consensus algorithms within the system, tailoring their blockchain through a flexible "drag and drop" approach. Statter simplifies blockchain development, making it as straightforward as assembling building blocks and as swift as token issuance.[3]

Multi-chain and Multi-consensus Parallel System

Apart from its own SPoW consensus mechanism, Statter Network also supports , , and other consensus algorithm pools. In the future, the system will support the submission of new consensus algorithms by developers.[3][4]

Mining

The SPoW (Segmented Proof of Work) consensus mechanism divides computational tasks among , where mining rigs within these pools engage in exhaustive computations of random numbers. SPoW mitigates redundant and inefficient calculations by employing parallel processing, leading to enhanced efficiency. This SPoW consensus mechanism reduces the level of computational competition. Low-carbon home mining helps prevent hardware and electricity resource wastage.[3]

Scaling with Sharding and DAG

Statter achieves task parallelism using technology and pairs it with high-speed asynchronous DAG () technology to enable concurrent transaction processing. This results in a single chain achieving a transaction throughput of 100,000 TPS and rapid transaction confirmation within seconds.[3]

Tokenomics

STT Token

STT is the mainnet token of the Statter Network, which is generated by and can be circulated and applied in any link in the ecosystem. 0% of STT tokens will be destroyed through , pool creation fees, etc.[5]

Mining Mechanism

SPoW (Segmented Proof of Work) consensus mechanism is used to segment computing tasks and assign them to all mining pools to guarantee a fair mining activity.[4] The Mining output is as follows:

  • Block Time: 12 seconds
  • Block Reward: 120 STT
  • Reduction Rule: Block rewards for STT miners are reduced by 25% for every 12 months

Token Allocation

The tokens generated by each block are allocated in the following proportions:

  • Miner Reward: 70% for the maintenance of network security and decentralized storage of data.
  • Mining Pool Reward: 7% for mining pool incentives.
  • Ecological Construction: 10% for ecology construction and supporting ecological Apps.
  • Community Construction: 5% for global community construction and consensus delivery.
  • Protocol Labs: 5% for the R&D, upgrade and iteration of Statter's, protocol labs.
  • Foundation: 3% of the working capital of the foundation.[5]

Staking Mechanism

Statter nodes retain all ledgers to prevent data loss as long as network are active. Mining rigs not only package ledgers but also store DApp-generated data and content. This data is automatically sharded and distributed across multiple miners globally. The loss of any mining rig may result in data or content loss.

With numerous public blockchains and decentralized storage DApps on the Statter platform, data security and integrity are at risk if mining rigs go offline without preparation. To safeguard network security and data integrity, Statter employs an economic pledge penalty mechanism. If a mining rig remains offline for an extended period (including normal withdrawals), a specified amount of pledge coins is deducted (no penalties before mainnet 2.0).

Consequently, miners are required to stake a set amount of STT for each mining rig before mining (no pledges during the beta testing phase). After a 180-day lock-up period, staked STT can be redeemed at any time.[5]

Burning Mechanism

Statter plans to through various means, such as mining pool creation fees, fees from Statter's main chain, and gas fees from Satellite Chains. The deflation objective is to retain 10% (186.1 million tokens) in circulation while burning the remaining 90% of the total STT supply.[5]

Most tokens are burned when covering gas fees incurred by the Statter chain, especially those from Statter's drag-and-drop public blockchain creation function, which generates a significant portion of the chain's gas fees. With numerous chains and users on the Statter platform, transaction fees accumulate, resulting in substantial token burns. Once the desired deflation level is achieved, mining pool fees will support ecological and community development and gas fees will be distributed as rewards to miners.[5]

Roadmap

Snow Crash (Q1 2022 - Q2 2023)

  • Launch the Official Website, and release the economic model of mining
  • Launch the Official Wallet
  • Launch the Blockchain Explorer
  • Publish Whitepaper 1.0
  • Launch the testnet of the public blockchain
  • Establish the supporting fund for Statter ecology
  • Launch the global ecology construction series of activities[6]

Code Charter (Q3 2023 - Q4 2023)

  • Launch the mainnet of the public blockchain
  • Support Apps for the blockchain ecology
  • Launch the Technology Contribution Rewarding Plan
  • Launch the project to develop drag-and-drop technology for blockchain generation[6]

Cyberpunk (Q1 2024 - Q4 2024)

  • Upgrade the mainnet of the public blockchain to version 2.0
  • Launch the public blockchain generation platform based on the drag-and-drop technology
  • Launch the decentralized storage
  • Support Apps of the blockchain ecology
  • Satellite Chain Program[6]

Time Traveling ( Q1 2025 - Q4 2025)

  • Launch the platform for modularized DApp
  • Start the construction of Statter Metaverse City
  • Auction land and private space in the Metaverse[6]

Higher-Dimensional Civilization (Q1 2026)

  • Start the trial of integrating the digital twin, XR, and other technology into the real world
  • Facilitate people's entry into the metaverse via hardware technologies such as brain-computer interfaces or iris recognition interfaces
  • Explore and investigate other forward-looking technologies[6]
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Statter Network (STT)

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