Article Summary, Automatically Generated By AI
About Cirrus
- The Cirrus Token fuels the Stratis Smart Contract Sidechain.
- The CRS token acts as gas on the sidechain to fund smart contracts interaction.
- The CRS token is pegged to the Stratis Mainchain (STRAX).
- CRS tokens can only be issued by locking STRAX tokens through a cross-chain transfer.
- This process is trustless and decentralized, with the exchange being processed autonomously.
-
More information:
https://www.stratisplatform.com/2021/11/19/explaining-the-cirrus-token/
</ul
About Cirrus
At the forefront of innovation, Cirrus is a pioneering force in the realm of cryptocurrency and blockchain technology.
The Cirrus Token serves as the fuel that powers the Stratis Smart Contract Sidechain. The CRS token functions as gas, facilitating the interaction of smart contracts on the sidechain. Notably, the CRS token is pegged to the Stratis Mainchain (STRAX), ensuring a stable and reliable connection. The issuance of CRS tokens is contingent upon the locking of STRAX tokens, a process made possible through a trustless and decentralized cross-chain transfer. This autonomous exchange is executed entirely independently, without the need for intermediaries.
For further insight, please refer to:
https://www.stratisplatform.com/2021/11/19/explaining-the-cirrus-token/