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Statter Network: Innovation in Modularized Public Blockchain and Ambition in the Metaverse

Years of hands-on experience from public blockchain developers has made the community come to a consensus that reflects the reality: the impossible trinity (efficiency, safety and fairness) cannot be effectively solved on Layer-1 single network. When these issues outbreak simultaneously, developer have to prioritize on one or two of these three issues which have been disturbing the community for years.  

The impossible trinity is gradually dismantled by developers with the rising of multi-layer modularized network solution. Statter Network is one of the innovators on modularized public blockchain network.

Modularized Network Structure

On Satter Network, the developer modularized underlying network to effectively secure safe and efficient operation. Statter network, with similarity to the mainstream solution, is divided into: Settlement layer, Data Storage Layer and Execution Layer.

In such modularized structure, Settlement + Data Storage Layer refers to the bottom layer of Statter, or Layer-1. Its function is to execute settlement for other network layers and to storage raw and result data at the same time.

Layer-1 is the foundation of Statter public blockchain, adopting the fair MPOW mechanism, which means user could deploy mining machine to operate one node to maintain network safety and stability. The advantage of this fair mechanism is reflected by its ability to resist hashrate monopoly, allowing fair competition between ordinary user and hashrate factory. Ordinary user would not need to worry about hashrate monopoly by chip factories or reduced profits. This provides a perfect prerequisite for the decentralization and internationalization of Statter node.

This type of node mining machine usually have two additional functions — computation and storage, providing diverse services for Statter operation and thus getting more main net return.

The Execution Layer of Statter Network is responsible for operating large-scale ecological application and directly processing massive user requests. To be exact, Execution Layer could be a relatively independent public blockchain. This public blockchain could be distinctive Metaverse public blockchain, NFT, Defi or Gamefi public blockchain. This type of public blockchain is fit to run large-scale application and to process high frequency trading requests.

Execution Layer network makes up for the shortcoming of low efficiency in Statter Layer1.

Drag-and-drop Method for New Public Blockchain Construction and DAPP Development

As the multi-layer modularized network structure took shape, Statter developer then rolled out a more advanced technique – using drag-and-drop method to construct new public blockchain. In other words, the creation of numerous modules with special functions and a consensus mechanism pool enable developer to construct new public blockchain on Statter swiftly.  

It is worth noting that the function module library in this paragraph is different from the modularized network mentioned above. Here the module refers to module with special functions, such as function module for Metaverse, NFT function module, loan agreement function module etc.. These are core function module designed to make it easier for the public blockchain developer. For example, if a developers wants to construct an NFT public blockchain, they can simply drag-and-drop the NFT core modules, combine and edit on them, then a brand-new NFT public blockchain would be successfully built.

Following the same train of thought, Statter team devised a powerful component library for DAPP developers. The ideal state is to allow everyone to build their own DAPP. Once a fully-functioned DAPP component library is completed, user would only need to pick out components from the library to compile a new DAPP, just like putting pieces together in jigsaw puzzle.   

Such method greatly reduces the time and economic cost for developers and it is a remarkable feat in the public blockchain community nowadays.

The Concept of Statter Metaverse

Despite its inclusive and open ecology, Statter Network is set by the developer to be a public blockchain featuring Metaverse. Given the future prospect and primary state of Metaverse, Statter developer tries to take this opportunity to forge a narrative path of blockchain Metaverse.

Currently, Metaverse products led by blockchain and by internet technology companies are unable to offer high-quality user experience, mostly due to unrefined hardware equipment and underlying algorithm.

Satter project has three preemptive advantages to make an inroad to Metaverse: multi-layer modularized network structure, mining machines with computation and storage function and the drag-and-drop method to facilitate ecological development.

Industry players cultivates their own different concept of Metaverse, whether it is from the perspective of Gaming or Web3 as access point. Developer visualizes Metaverse from different angles, such as a Metaverse built for music or art lovers, a Metaverse designed for interaction among sport fans and more. Such diversity would be supported and presented on Statter public blockchain.

Statter will create Metaverse virtual environment with interoperability, laying the foundation for socializing, building relationship and interacting across different Metaverse. Users could interact with each other in real-time here. Interoperability makes sure that no Statter Metaverse would be isolated and users across different Metaverse can exchange objects or wealth in the unified economic and cultural context.  

Bolstered by the distributed node group hardware equipment, Statter is able to continuously provide hashrate and storage space for the network. No matter how complicated the image and how gigantic the data volume is, Statter would be capable to process them without a sweat, which will greatly improve user’s virtual-reality experience and take the blockchain Metaverse to a new level.

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