What is Stratis (STRAT)?
Future of STRAT Cryptocurrency and know how to buy STRAT

#1: Stratis: The Basics

What is Stratis?

  1. Stratis is a powerful blockchain-based development platform for enterprises and industries. Stratis simplifies the process of developing, testing and deploying C# applications above a .NET framework on the Stratis blockchain.
  2. The platform helps the industry and enterprises to use the blockchain tech for different use cases. Stratis started off as a platform for providing Blockchain-as-a-service (BaaS), and has some very active development to now be competing with other crypto platforms like Ethereum, Lisk and Waves that offer similar solutions with different approaches.

Stratis Development

  1. STRAT as a token was designed to run on the Stratis Platform. It is a native cryptocurrency of the Stratis blockchain.
  2. Stratis started off as an ICO in 2016 in which it raised around 915 bitcoin ($650k). It was one of the most successful ICOs of the year.
  3. Technically, Stratis does not have a maximum supply but its protocol has been designed in a way that its supply is ever decreasing with every Stratis mined. Its current supply in circulation stands at 98,956,502 as of August 1, 2018.
  4. Stratis uses Proof-of-Stake (PoS) to verify transactions on its network. The staking rewards are 1 STRAT for every 60 seconds. This reward is distributed among holders who have staked their coin.
  5. Stratis allows third party organisations to create, launch and deploy their own distinct private blockchains.

The Team

  1. Chris Trew (CEO, Founder) – Chris has over 10 years of experience in Enterprise IT. He has extensive experience in Legal, Aviation, and local government sectors. Other than that, he is a developer who codes in C# and ASP.NET. In the past, he has created projects like The Viral Exchange and Fitalize.
  2. Nicolas Dorier (Bitcoin Technical Development Advisor) – Nicolas is a .NET ninja. He was a Microsoft Certified Trainer in which he used to teach the best development practices of .NET to companies. He has made his contributions to the Bitcoin Core source code on OP_CSV and Segwit. He has also developed tools that have helped developers in understanding Segwit technology.
  3. Dan Gershony (Stratis Blockchain Developer) – Dan has worked for Microsoft, Fujitsu, and SolidSoft in the past as a software engineer. Dan has also founded a multi crypto hybrid wallet focused on security. He has been working on the C# stack for over 10 years.

 

#2: What are the benefits of Stratis?

  • Ease of Usability

Stratis makes it very easy for developers and enterprises to start using the platform quickly. Blockchain-based apps are easier to create since Stratis uses C# and .NET frameworks. This essentially removes the learning gap for developers, enterprises and industries.

  • Proof-of-Stake

Stratis may be more of an industry focused cryptocurrency but it hasn’t at all forgotten about its investors and users. Stratis is a proof-of-stake cryptocurrency that incentivizes its investors for staking coin on the Stratis Staking Wallet. Stratis issues 1 STRAT every 60 seconds (block solving time) as a reward to users for staking their coins and securing the network.

  • Private Chains

Stratis Private Chains provide the developers the independence to make tailored changes according to their needs and keeping the parent blockchain intact enough providing the users the confidence of security.

  • Stratis Breeze Wallet

The Stratis Breeze Wallet is a unique wallet which uses Tumblebit Technology which enables the blockchain and the network to be private and trustless. Not restricted to just Stratis, people will also be able to use the Breeze Wallet to tumble their bitcoins. Tumbling a cryptocurrency is a process which makes the coin unrecognizable from its previous address which it has followed to reach the wallet. Besides tumbling, users can also seamlessly transfer coin between Stratis and the bitcoin blockchain.

  • One Click Deployment

Stratis enables enterprises to deploy their private blockchains rapidly like never before. Multiple variables like block time, metadata, size and space are easily customizable.

  • Nbitcoin Protocol

Stratis is near-complete port of the Bitcoin protocol in C# and .NET. This provides a few advantages to the Stratis Platform. Using C# and .NET makes it easier to maintain the source code. C# is more widely used & adopted language than C++ in business enterprises. This whole protocol is designed by Nicolas Dorier.

  • Fiat Gateway Integration

Stratis is designed in a way that financial companies does not have depend on a particular cryptocurrency or token. Financial Companies or Enterprises can use blockchain to transfer already readily accepted currencies worldwide. This gives the enterprises the freedom to use their own payment method, as to their likings.

 

#3: How to buy and store Stratis?

How to buy Stratis?

  1. Stratis is available on more than 13 international trading websites and enjoys a volume of 1,106 BTC ($8.4 million) as of August 1, 2018. Its market capitalization is at $249 million. You can use the 13+ international exchanges by trading your BTC, ETH or USDT balance for STRAT.
  2. If you don’t want to go through the hassle of sending your bitcoin to the exchange, trading them and then transferring the STRAT back into your wallet, you can use the  largest cryptocurrency conversion platform - CoinSwitch. It has 300+ cryptocurrencies and uses aggregate rates from multiple cryptocurrency exchanges. Thus, letting the user choose the best rate that suits their budget.
  3. What’s more! You don’t have to go through the hassle of transferring the tokens back and forth as all the transactions takes place from your private wallet.



How to store Stratis?

  1. Stratis offers plenty of options for storing the STRAT token. There are official and community-driven wallets available on the internet. Two wallets are listed on the official Stratis website.
  2. The first is a Staking Wallet which the users can download if they want to send, receive and stake the token on the Stratis blockchain in order to secure the network.
  3. The other is the Electrum wallet made for light-weight users. You can also store Stratis on the Ledger Nano S. Ledger Nano S is a hardware wallet that helps in storing multiple cryptocurrencies securely on a hardware wallet.
  4. Breeze Wallet is another option that users will soon be able to use as soon as it comes out of the beta state. Breeze Wallet will come with multiple options other than storing like Tumbling and Seamless Transfer of bitcoins.

 

#4: What is the future of Stratis?

Stratis is currently ranked at 44 by market cap. Stratis has lined up many new releases in 2018. It has already completed a full production release of its ICO Platform in May 2018. The ICO is likely to help raise funds easily. It is also going to do an alpha release of Smart Contracts and sidechains in Q1-Q2 of 2018. Finally, the Breeze Wallet is also supposed to come out of the beta stage.

Also Read: Complete Analysis of Stratis | Live Stratis (STRAT) Price Charts And Predictions

Price History

Date

Open*

High

Low

Close**

Volume

Market Cap

31-Jul-18

2.83

2.84

2.5

2.52

20,184,300

280,489,978

01-Jul-18

2.63

2.92

2.52

2.81

6,421,990

260,464,160

30-Jun-18

2.39

2.66

2.39

2.64

4,350,890

236,425,424

01-Jun-18

4.44

4.48

4.29

4.39

4,141,950

438,847,488

31-May-18

4.32

4.53

4.29

4.43

4,072,820

427,484,224

01-May-18

6.78

7.31

6.36

7.22

19,303,800

669,642,752

30-Apr-18

7.15

7.26

6.7

6.77

18,585,700

706,380,736

01-Apr-18

3.71

3.76

3.27

3.38

5,151,710

366,995,584

31-Mar-18

3.66

3.84

3.64

3.71

4,169,080

361,120,192

01-Mar-18

7.38

7.65

7.03

7.6

8,010,730

728,712,000

28-Feb-18

7.8

7.98

7.35

7.35

7,101,400

770,470,208

This coin has seen many ups and down in its market value but its technological value has been strong since day one and it’s still goingstrong. The coin displays huge future potential and is coming up with many new releases which will make it even better.

 

#5: Why is Stratis different from other cryptocurrencies?

  1. One of the primary reasons Stratis got traction during its ICO was its cutting-edge backend technology and the solutions it tried to offer. Developing an app on the Stratis blockchain is fairly simple because it does not require the developers to learn a whole new language.
  2. Ethereum offers a similar solution to develop apps on the blockchain but it requires the developers to code through a whole new language called Solidity. It ends up limiting their possibilities since they are not experienced in the code.
  3. Stratis is a complete rewrite of the bitcoin source code in C# and .NET. It has also moved away from Proof-of-Work(PoW) and is using the Proof-of-Stake(PoS) model for securing its blockchain.
  4. Using Stratis, a developer who already knows C# and .NET can get started in a matter of minutes.

#6: Should you invest in Stratis?

Stratis has seen many up rallies with its price going as up as $12. As of August 2018, its priced at around $2.44-$2.50 and has been moving sideways for quite some time.

  1. Stratis has partnered with Earth Twine Group. Together they are working on the first blockchain technology to seamlessly track origin data and tracking data required for IUU fishing compliance. The global seafood industry is worth above $100 billion.
  2. Stratis Platform is also on Microsoft Azure BaaS program in which Stratis has integrated Azure into its platform. The recently released ICO platform also uses Microsoft Azure for easy deployment.
  3. Startis with its robust development team and a strong roadmap, it’s safe to say that it has a bright future ahead.

If Stratis gets closer to success in its goal, multiple industries - from medical to finance - may migrate on to the Stratis blockchain.

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