Contrary to many opinions, Bitcoin is not the sole cryptocurrency in circulation (even though it is the most famous apart from Ethereum). It is easy to get confused in the wave of cryptocurrency, but various currencies are increasing in popularity in the scene, such as Stratis (STRAT).
What is Stratis?
Stratis is not simply a cryptocurrency coin; it utilizes blockchain technology, and acts as a bridge to the corporate sphere. It aims to provide users with their individual custom blockchains.
It seeks to make development of enterprises affordable and easy through the grade-development platform nStratis. This is a solution for .net and C# blockchain apps, and all this is at very affordable rates. The primary blockchain on the platform utilizes the latest security advances in Bitcoin, and combines them with the latest developments in scalability, network speeds and customization.
Why is Stratis different?
Blockchain technology is very important, and many currencies are increasingly adopting it as a means of basic operations. Stratis wants to close the gap of the corporate sphere and the blockchain world. This is due to several features below:
Build that optimizes .net framework and C# – Microsoft is the developer of .net software, and provides a base for many applications on Windows OS. On the other hand, C# is a language that is object-oriented, which allows for a assortment of safe and strong applications running on this model. As a result, Stratis allows for easy integration into businesses, especially those that rely on the Microsoft .net platform.
Stratis Army (the user community) – a helpful group of individuals who give various pieces of advice regarding the coin’s use and the platform, it is growing steadily.
Project breezes – this is an update of the Stratis protocol (which implements TumbleBit – makes transactions untraceable and private). It is also compatible with Bitcoin protocols, so it can be useful on Bitcoin infrastructure.
Strong potential – possible returns on investments in the platform might be big. Stratis receives many comparisons to Ethereum – after all, they have similar structures – and among the similarities is use of smart contracts. These do not bloat the network, and guarantee you high speeds of transaction processing, making it a one-stop shop for every type of business. It is currently in the top 10 cryptocurrencies on coinmarketcap.com, and has real promise.
Alternative coins to use
Stratis has the potential for increasing popularity with time. However, other coins provide viable alternatives, and we have put a list of some of them.
Lisk – founded in 2016, it aims to simplify development of blockchain technology, therefore allowing for faster transactions.
Bitcoin/XBT – the most famous cryptocurrency, from 2009. It is similar to Stratis because of blockchain application system.
Ripple/XRP – based on open-source internet protocol currency, and formed in 2012.
Cardano – thought to be an open-source digital currency, and constantly evolves itself from research and scientific philosophies.
Ethereum/ETH – this is a 2015 decentralized software platform allowing smart contracts to operate without interference from third parties.
NEM – this is another blockchain currency from 2015, and utilizes Java script in its coding.
How Stratis works
This currency works on a POS (Proof of stake) method, which is different from proof-of-work that Ethereum and Bitcoin use.
PoS is an algorithm that requires a blockchain network to have distributed consensus. This means instead of ‘mining’ the blocks, you either ‘forge’ or ‘stake’ them. You can achieve this through the official Stratis wallet client, but this will require a permanent internet connection and open digital wallet. An important breakthrough was the act of Microsoft integrating the platform into their Azure BaaS program – this allows for provision of Stratis blockchain nodes on Microsoft Azure programs.
Stratis prices and trading history
Since the platform is recent, it does not have an extensive trade history – but so far, the indications have been positive in terms of the security it gives its users. Its value rose sharply in less than a year (2016-2017), achieving 49% increase in value. Certain exchange providers adopt the currency in their services – these are Ledger hardware wallets, Poloniex, Changelly and Jaxx, among others.
The market cap of the currency is 98 million, while the current price is $6.286. It has already achieved the $1 billion market cap value, and is still increasing gradually. Stakes (dividends) allow you to earn interest on your holdings, and depending on your ‘staked’ amount, ranges from 0.5 to 1% per year.
Is it worth trading in it?
This answer to this question is complicated, since even experts generally see investing in cryptocurrency as a risky venture with low returns.
The success of investment will however, depend on the uptake by individuals and businesses. This platform offers you a wide range of benefits, so we consider it a wise investment to make, provided you conduct your research properly.
Stratis gives its users a better future, particularly concerning interconnection of blockchains therefore, easier value transfer. This gives it high potential because it allows anyone to thrive, but its success will boil down to implementation ultimately.