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First smart contracts launched on Microsoft’s .NET architecture

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Stratis Group Ltd which is a blockchain development firm has launched the first smart contracts on Microsoft’s .NET architecture. This will enable programmers to write smart contracts in C# on the platform.

Originally developed by Microsoft, C# is a general-purpose language within its development platform .NET. The Cirrus Sidechain Masternodes and Stratis Smart Contracts products introduced by Stratis Group are specifically designed to allow programmers to develop smart contracts in programming language C#.

Cirrus Sidechain claims to simplify high-level scalibilty

The product claims to provide a wide range of enterprise use cases from token and lending platforms to provenance and self-sovereign identity solutions. Thus, the product targets enterprises, financial services companies, government organizations, and other systems that operate within Microsoft’s .NET framework.

The Cirrus Sidechain Focuses mainly on preventing bloating of the main Stratis network and simplify high-level scalability. The release further quoted, “The Masternodes will operate on the Cirrus Sidechain using a Proof-of-Authority consensus algorithm, thereby enhancing security by adding accountability while also reducing the workload and energy consumption required for Masternodes to maintain the blockchain.”

 “Cirrus Sidechains will allow us to scale up the Stratis platform as we add functionality and deploy sidechains with use-case specific modifications, such as block time and block size. It will now be easier, cheaper and faster for developers to build DLT and smart contract functions bespoke to their business needs,” said one of the senior developers at Stratis, Gustav Stieger.

Microsoft may introduce Blockchain-based tools

In June, reports suggested that Microsoft will make blockchain-based tools available to PowerApps and Microsoft Flow Users. Along with blockchain tools, artificial intelligence will also be included in the company’s PowerApps custom application builder and PowerBI business intelligence tool.

Also, in May, Amazon’s web Services introduced the Amazon Managed Blockchain to the public, in order to enable customers to set up blockchain networks within their organizations. The retail giant further added that the blockchain-as-a-service (BaaS), will not only allow the businesses to develop their networks rapidly but at a lower cost as well by excluding the need “to provision hardware, install software, create and manage certificates for access control, and configure network settings.”