Stratis (STRAT) 2018-05-04T17:56:31+00:00

Stratis (STRAT)

Project Description

A neutral description of the cryptocurrency Stratis based on a collection of content created by its team and other writers.

Purpose

Stratis is a flexible and powerful Blockchain Development Platform designed for the needs of real-world financial services businesses and other organizations that want to access the benefits of Blockchain technologies without the overheads inherent in running their own network infrastructure.

Stratis offers a turnkey solution that enables developers and businesses to develop, test and deploy blockchain-based applications quickly and easily, and without the costs and security concerns that would otherwise arise from an in-house implementation.

It is meant for companies to create permission blockchains inside the enterprise in order to tokenize elements of their business processes, essentially become a blockchain-as-a-service (BAAS) platform.

Strengths

-Their ICO platform allows developers to create apps in C# and .Net. which are more widely known languages than solidity and other blockchain languages

-They are associated with Microsoft Azure, which means that they are backed by their whole infrastructure.

Weaknesses

-All the ICOs created on the Stratis platform need to be funded with Stratis tokens.

-The STRAT tokens’ only uses are to be staked for dividends or to fund ICOs on the
Stratis network.

Network Status

The ICO platform is live but you must contact the team to make an ICO. It will be live on Microsoft Azure in the coming weeks and you will no longer have to contact them.

Governance

Uses a Proof-of-Stake model with masternodes to verify transactions. You need 250 000 Stratis to own a masternode.

Similarities

STRAT is a clone of Bitcoin’s core code with a few enhanced features and written in C# instead of C++. It is similar to Lisk in that they both allow users to create private blockchains.

Notable partnerships

Currently in partnership with Microsoft Azure and Earth Twine.

Exchange

Traded on Bittrex, Binance and Poloniex.

Stratis Stack

Stratis is a blockchain layer.

Community

Reddit: 8 974 subscribers
Twitter: 104k followers

Price history

Jan-26-2018: 11,79 USD
Dec 2017: 5,48 USD
Sept 2017: 7,70 USD
July 2017: 6,21 USD

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This document is intended for informational purposes only. The views expressed in this document are not, and should not be construed as, investment advice or recommendations.

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