Statter Network– the Public Blockchain for Metaverse: Creating a New Public Blockchain Like Building Blocks
With constant technology development, information exchange in the Internet no longer satisfies the users and the business society requires experience with a higher standard.
In response to the demand of such society, the metaverse comes into being.
Many people have heard of the metaverse, but few of them understand the essence of it. From commercial, practical, and technological perspectives, research institutes believe that the metaverse should show following features:
The fusion of virtual and reality goes beyond reality. First, the virtual world will interact and integrate with the reality: in the long run, the two worlds will be closely related to and influence each other, and users can easily shift from the virtual world to the reality, or vice versa. These two elements exist in harmony and cannot be separated. Secondly, users may use two ways to freely enter the metaverse: the first is through digital tools, including portable and wearable AR/VR devices. The second is using brain-computer interface (BCI), which acquires brain signals and translates them into electrical signals to enable real-time and barrier-free information exchange.
The development path of the blockchain metaverse
Although the fast-growing metaverse has become a hot topic, this article will not focus on its commercial end-product, but on the blockchain applications and technological innovations behind it.
The well-known blockchain metaverse projects, such as Decentraland and Sandbox etc., are the forerunners of the blockchain metaverse, but their users experience, interactive technology, and applications in the ecosystem are still very plain. This is because they lack the support from a powerful blockchain as the underlying layer, which makes them hard to meet the demand from rapidly growing ecosystems. As all projects work in isolated ecosystems, no industrial integration has ever been formed.
Statter network developed by American technology geek team. Its innovation includes a blockchain-based underlying platform for the metaverse. The team manages to integrate the different metaverse ecosystems in blockchain and blaze a trail for the development of such blockchain.
Blockchain Use Case in the Metaverse: Statter Network
Before we discuss the vision of Statter Network, let’s first study whether it has a powerful enough underlying foundation.
Creating a New Public Blockchain Like Building Blocks
Diversity is one of the characteristics of the metaverse. To highlight this feature, Statter Network will create numerous functional components, including NFT, battle game, play-to-earn, virtual experience etc.… Developers do not have to start from scratch If they want to create their own public blockchain. Instead, they can opt for a more efficient and energy-saving way — dragging all necessary modules from the Statter Network component library. In just one click, developers can create their public blockchains like building blocks. This function greatly saves time and money.
Modular DAPP development
Statter Network’s functional component library opens to all component developers and application users. This open-source feature helps the library quickly accumulate numerous modular components. In this way, a developer can build a simple and user-friendly DAPP with all necessary functions as quickly as creating a customized game. This is one special advantage of Statter Network.
A Fair Working Mechanism
As a member of blockchain, Statter Network follows the path of bitcoin and adopts MPOW as its mainnet working mechanism, the maintenance of which are jointly done by the master nodes and regular nodes. To avoid the hashrate monopoly problem in the bitcoin network, the Statter algorithm embraces a fair reward system and gets rid of chip competition. Under such settings, even professional mining groups with specialized computer chips cannot exert hashrate pressure on normal users. In this way, all return rates are fair and nodes at the Statter Network are kept decentralized and distributed globally.
Efficient Double Layer Network
As we all know, despite that POW can maintain the network security, its working efficiency is so low that bitcoin can only have advanced contract by far. Although smart contracts can be run on Ethereum using POW, it still gets blamed for its low-efficiency and high costs.
Learning from the industrial practice and academic research about the blockchain, Statter Network creates an unprecedented hybrid mechanism to offer both security and efficiency to the users.
At the underlying layer, Statter Network adopts a fair MPOW mining mechanism. This mechanism has attracted nodes around the world to guarantee the network security. At the application layer, Statter Network has created a hybrid mechanism pool, in which every developer can independently choose a mechanism to develop their special public blockchains.
Statter’s metaverse blockchain vision is supported by innovations at the underlying layer. Its fair working mechanism, efficient double-layer network and component-dragging function are powerful competitive edges, which help it quickly grow into the mother of public blockchain to serve the metaverse and other ecosystems in the industry.