CloudWalk Launches Open Source Blockchain and Aims for Global Scale

São Paulo, November 2024 – CloudWalk, a global fintech specializing in payments, announced today the successful implementation of Stratus, its next-generation proprietary blockchain, marking a significant leap in the company’s payment processing infrastructure. Developed in-house by CloudWalk, Stratus can process up to 1,800 transactions per second (TPS), representing a substantial improvement over its previous capacity.

"With Stratus, we’ve made a quantum leap in our transaction processing capabilities," said Thiago Scalone, CTO of CloudWalk. "We’ve moved from a framework that restricted our growth to a solution that not only meets our current needs but also prepares us for exponential expansion. Stratus is not just an incremental improvement; it introduces new concepts, never before utilized in blockchains, such as indexing, or optimized organization for data access."

The ability to process over a thousand transactions per second in production and the potential for continuous growth make Stratus highly scalable. Additionally, its compatibility with the Ethereum protocol allows for the creation of smart contracts, adding advanced functionalities to financial transactions.

Another standout feature of Stratus is its open-source code, publicly available to foster innovation and collaboration within the developer community. This openness facilitates global expansion, enabling integration with various technological and financial solutions.

Scalone added, "Stratus excels not only in transaction speed but also in building a smarter and more flexible financial infrastructure. With the capability to program functionalities directly onto the blockchain, we are opening up new possibilities for innovative financial products and enhanced user experiences."

The implementation of Stratus positions CloudWalk at the forefront of payment technology, empowering the company to expand its operations globally while maintaining high standards of efficiency and security. The company plans to continue developing Stratus, focusing on further increasing TPS capacity and introducing new features to meet the growing demands of the digital payments market.

Key Highlights of Stratus:

• High Scalability: Capable of processing over 1,000 TPS in production, with potential for continuous growth.
• Ethereum Compatibility: Enables the creation of smart contracts, adding advanced functionalities to financial transactions.
• Enhanced Security: Stratus provides greater control and security for financial operations.
• Open Source: The publicly available code promotes innovation and collaboration within the developer community, facilitating global expansion.

‍