What is Streakk Chain?

Streakk Chain (STKC) is a distinct side chain constructed on the Streakk Main Chain, with the aim to provide a globally coherent, application-specific data structure. It operates with its own validators, who maintain a full node of the Streakk Blockchain, retain all necessary blockchain information, and produce new blocks for verification and inclusion in the MainChain. These validators are compensated with STKC tokens, and they are not required to process transactions on the Main Chain or own its native token. Streakk Chain aims to serve as a gateway to WEB3 projects, enabling them to build on the chain and benefit from the security and scalability of the MainChain.

How does Streakk Chain work?

Streakk Chain operates through a network of validators who maintain the blockchain's full node. These validators are responsible for producing new blocks and passing them to the MainChain validators for verification and inclusion. The validators are compensated with STKC tokens for their role in maintaining the blockchain. Streakk Chain also employs a proprietary consensus algorithm that combines Proof of Stake (POS) and Simple Time Protocol (STP), with the aim to facilitate extremely fast blockchain transactions. The chain's Integrated Node Cluster (INC) technology integrates this network of validators into a single crypto wallet, allowing users to receive compensation by processing their crypto transactions without relinquishing control of their funds.

What are the potential use cases for Streakk Chain?

Streakk Chain aims to utilize the potential of cryptocurrencies by providing them with excellent day-to-day utility. It is a suitable choice for Non-Fungible Tokens (NFTs), offering transactions. Streakk Chain also seeks to enhance the experience of Web3 games and Play to Earn (P2E) games. In the realm of Decentralized Finance (DeFi), users can benefit from faster processing times and increased flexibility when using Streakk Chain. Furthermore, the chain's Smart Liquidity Solution (SLS) seeks to mitigate the lock-up risk associated with processing crypto assets, providing users with the flexibility to delegate or withdraw their funds at any time.

What is the history of Streakk Chain?

Streakk Chain was conceptualized with the mission to shape the future of finance by utilizing the potential of cryptocurrencies. The project was built on the foundation of a strong team with decades of experience in developing innovative digital solutions and managing large-scale projects. Streakk Chain's development has been marked by the integration of multiple validators within the wallet itself, allowing users to receive compensation for processing their crypto transactions without handing over custody of their funds. The chain's Integrated Node Cluster (INC) technology and Smart Liquidity Solution (SLS) are key innovations that have been introduced to enhance the user experience and compensate for processing crypto transactions.