This is a very powerful platform globally which involves the blockchain technology thus helping various institutions, companies and other financial services to grow and mature up and foster innovation for new applications. It is a flexible blockchain platform that was created to aid the financial services in the real world. Stratis, as described in various stratis reviews, has helped many institutions and companies in implementation of blockchain technology to be utilized in various operations in the world. This will help to create development and efficiency in various operations of companies and financial institutions. This has a very big aim which is to ensure that the use of blockchain technology is easy to access by everyone and various institutions. Therefore it aims at ensuring that it establishes a very big shopping site for all blockchain products. This blockchain based platform seeks to guarantee a simplified development and deployment of C # based applications on the net framework. Compared to bitcoin in terms of coding it has some basis from bitcoin but due to various innovations, it has been enhanced using various technologies and therefore it uses different coding such as c#. It is made in a special way in that it can make use of the API while at the same time utilize the framework of Microsoft. net.
Stratis is very important because it helps the various users to devise a strategy of applying the blockchain technology appropriately and efficiently and in the right kind of business operations. It varies from other blockchains projects because it allows other businesses to set up their own block chain. Therefore, it is gaining a lot of popularity and therefore over time many people and investors will endorse the technology. Stratis is very helpful since it also provides a wide platform for various companies to have a chance of trying out their applications. It has a chance for integrating blockchains for other types of cryptocurrencies such as bitcoin and Etherium. Through these characteristics, various users are not necessarily supposed to keep on maintaining a network and also they can be able to modify the technology to suit their purpose.
Why is Blockchain Technology Important?
Blockchains have grown to popularity with the revolutionary cryptocurrencies. They simply refer to a network of databases that are spread through objects that are kept in sync where there is no particular owner or controller of information. One can view blockchain as a public ledger that is decentralized and always displays information of relating to all transactions. Blockchain traces the movement of all coins in its grid.
Traditionally when people wanted to access information that was shared, they had to implement the use of a third party. One clear example is the clearing house that intermediated between two entities. Blockchain surpasses this need to involve a third party and it promises a bright future in technology. Stratis comes in as blockchain service venture that helps set up individuals but mostly business firms a blockchain with little or no trouble. It is flexible in the sense that it will permit a business to fully express its ideas using ‘side chain’ that is fully customizable. A business can tweak its side chain without fear of messing up the main blockchain. This is what makes this cryptocurrency stand out. Since every transaction is recorded, it becomes impossible to commit fraud as high levels of accountability, accuracy and transparency are sustained. This makes blockchain secure and safe. Once a transaction has happened it becomes irreversible. This means that no crypto currency coins can be duplicated, stolen or even be cloned to be fake. Businesses will appreciate this safety and security feature especially when compared to traditional approaches to settling of payments.
Current methods of data storage and interpretation are prone to leaks and breaks, missing data and differences in calculation. But blockchain especially under this currency makes it possible to have a unified secure shared data base
With stratis, blockchains immediately become efficient as it reconciles payments in real time quickly. With traditional institutions such as banks, they reconcile their payments and accounts using an in built house mechanism that is a third party. This can be long tedious and even tiring at some point. Stratis ensures that blockchains forgoes the need to have a third party involved. Transactions are super-fast and this leads to efficiency and convenience in the business setting. This speed in efficiency can be credited to the fact that Stratis helps create smart contracts.
With all the trading data published to a universal common domain, business through the help of this virtual currency can be able to have an oversight of real time trades. This can therefore help business realize systematic risks early and work to eliminating them. Traditionally business entities had to depend on massive legal documentation. But blockchain through various computer code enhanced by this virtual currency, makes it far more comprehensive and better understood than legal language.
International trade in the traditional system presented a problem of different rules and regulations that governed specific countries. Law as we have it is different in some countries as regulations and restrictions vary especially when a country opens up its borders to trade. But blockchains are characteristically decentralized in nature. This implies that there is not one single person or body controlling it. Ledgers are decentralized and this lifts all restrictions to trading with businesses or individuals placed in other continents or countries.
Using blockchains has also proved to relatively cheap as costs are lowered. This means that there are no transactions costs as miners are duly compensated when new coins are mined. Traditional institutions apply high transaction costs that could push away clients from trading. Upon developing a personal blockchain more specifically a private one, individuals and businesses can save a lot of money as fees here are low.
This Stratis review article describes how all these advantages from Stratis will be achieved. To be able to enjoy all the advantages mentioned above a form of ‘strat coin’ had to be created. This coin or token is also a virtual currency. One way is to have stratis coins which are referred to as the Strat. This currency usually, allows for low rates of inflation and emission as well. In the year 2016, there was collection of coins to fund the development of the platform. It yielded a good amount of coins that was equal to 915 bitcoins. There has been a significant rise in the price of this coin by a high percentage in a very short period of time. For example just after its launch in 2016, the value of a token went up by 49% from a quarter of a dollar to 7 dollars in just 10 months. Those are numbers that are very difficult to just walk by. This virtual currency is generally issued at a rate of one toke for every block and a new block is generically mined after every one minute. This means that trading here, one block usually is equivalent to one token and a single transaction should happen in one minute. This virtual currency has become significant in that it has joined the list of the few currencies that have been recognized by various wallets.
The Stratis private chains
A secure blockchain will use hundred or maybe thousands of computers that will run the same protocol. This blockchain service is no different. It generally involves the use of a network involving many computers connected in a block and has been found to offer a lot of advantages in that it allows for security and efficiency. Stratis being the only token which has value in the stratum technology will function more efficiently if it creates either a public or a private chain. The advantage of creating a private chain is that it creates a chance of customizing the program to how you want it to suit your needs.
This is a main advantage of building a private blockchain rather than using one over a public blockchain cryptocurrency such as bitcoin. Although understandably, businesses would want to build one over a well-known blockchain such as bit coin but there are certain disadvantages to that. For instance, bitcoin has relatively slow confirmation times that could go up to even 10 minutes. When there are periodic attacks against the networks, transactions take a major blow as the transactions are slowed down, delayed perhaps for hours and sometimes even halted before parity is restored.
Business entities have no span of control when they use a public blockchain such as the one Bitcoin uses when there are upgrades or even slight minor adjustments. Thus using this public blockchain will come at a cost that is quite significant when it comes to relating with things like flexibility and predictability.
In contrast to this, developers are allowed the freedom to customize the blockchain using the strat private chain implementing the business’ specific needs. All this is done while still adhering to the code of the parent chain. By doing this users can be guaranteed a high confidence in its security system.
There is leverage to having a really good cloud storage and computing system coupled with the advantages of having a technological system that yields blockchain technology. This leads to an appeal by multiple business entities for the need of a decentralized ledger system, modifying them to the needs of business. Blockchains removes the costly expertise and cost of maintaining hardware as that was the case with cloud storage systems of traditional payment systems. Blockchain systems run on software and applications that are highly scalable meaning they can handle a heavy workload with ease.
What BaaS does is test and deploys blockchain related applications with the help of developers with no maintenance to the network and even clients themselves. This makes it possible to highly customize blockchains, test them all without having to pay for maintenance.
One Click Deployment
With the help of Stratis, it is possible to install private blockchains easily to business entities. As the name suggests one click deployment allows developers to quickly deploy and install private chains all while maintaining the custom needs of a business.
Fiat Gate Way Integration
An added advantage relating to blockchains is that they maintain the value while tokens or coins are being transferred. This creates a problem with other profit-making entities as prices might not be stable and compliance quarrels.
What stratis does is through its system that is designed to incorporate fiat gate way integration. This makes it possible for business entities to use blockchain when transferring prevailing currencies which are freely available to users and those that are not prone to volatility. This gives organizations freedom to comply with policies in whichever way they dim fit.
The Three Tier Architecture
The platform stratis uses is three- tier architecture, and is similar to the one present in Microsoft. This is good since blockchains developed by the virtual currency are all constructed in the C++ Microsoft framework. This translates to a lot of users and potential users who are familiar with Microsoft software will be able to use this with ease.
Scalability and Performance
The large and growing demand for cryptocurrency presents a challenge in itself. Cryptocurrency software and data bases need to be highly scalable. That is, they need to put in place infrastructure that will easily handle the pressures of large workloads and transactions on the network. Think of it this way, all transactions are recorded for the purpose of accountability and transparency. This means that in a single day there could be thousands and thousands of transactions being recorded to the network. In turn, this means that the database is constantly being filled up. This could cause serious issues and problems in the blockchain.
An example is seen in Bitcoins blockchain where sometimes the blockchain has seen periods where transactions could not be completed at the time simply because the data storing chain has been filled up. This means that some businesses would suffer losses due to this delays that have proven difficult to fix. Blockchains should naturally allow for expansion in the chains simultaneously as there is a rise in the number of transactions. Luckily, Stratis addresses these concerns in different ways. First of all, it allows every blockchain to be flexible and is to be configured by the firm choosing how large each chain and block should be in accordance to their operational transactions.
This means that unlike other cryptocurrencies that use single ledgers to track down transactions, stratis develops a chain different to other business entities that can be installed by a firm depending on their custom needs.
The market cap of stratis has been shown in this Stratis review article to have grown over time with 98 million tokens in circulation currently. The price of one unit is 10.5 dollars and one positive thing that happened is that it attained a market cap of one billion dollars.
The members’ team
There are various known members who have worked hard enough to ensure that the Stratis has been a success. Therefore, these members have been named in our Stratis review article. They include one guy called Chris who is one of the co-founders of the stratis. He has a lot of knowledge in technology and has been acting a very good role where he is consulted in various technical matters. He is well known in the field of information technology and has a lot of experience in various enterprises. There is also another great person who is well known as Vanhoof. He is well known to have a lot of knowledge in developing various block chains.
There is also another important person called Bokobza who is well known for developing various software and programs that will assist in this financial business and ensure success. There is also Gershony who has a lot of experience in helping Stratis to make blockchains. There is also Nicolas who is well known to have a loving for bitcoins. He has worked strongly to see Stratis where it is now.
Buy Stratis cryptocurrency.
t is usually not possible to be able to buy this kind of cryptocurrency directly. However, users have other options of exchanging the coins with other types of other coins. For example, they can use etherium and bitcoins. Our Stratis review article shows some of the procedures that have been set aside to be followed. These include having other coins such as bitcoins to purchase the Stratis. There is also a requirement of having registered a stratis account which will help the process to run smoothly.
How to buy Stratis from exchange
There are various exchanges known and our Stratis review will explain some of them:
Cryptopia – Read Cryptopia Review HERE
Binance – Read Binance Review HERE
HitBTC – Read HitBTC Review HERE
Use of shape shift
Users are also able to utilize shape shift to exchange some of the supported cryptocurrency. Currently there are a number of cryptocurrencies about 30 that are supported
Being one of the newest cryptocurrencies, it has very few wallets. Some of the best wallets described in the Stratis review and they include the breeze wallet. This kind of wallet will be utilized by all the stratis users and it will ensure that it incorporates the stratis and the bitcoin. Another advantage related to it is that it will be able to allow exchange between the Stratis and the bitcoin. The only disadvantage is that it will not allow the use of tokens. There is ledger nano S. This kind of wallet is currently the one that is being utilized. Its advantage is that it allows for safety and also it is efficient because it is also simple to utilized. It is a hardware wallet that usually ensures the safety of tokens. Currently it has been used to store various currents such as Ripple, Zcash, ethereum and bitcoin.
This kind of wallet is very easy and safe to use but it does not allow for tokens. It is usually well compatible with various operating systems such as Linux and Mac operating systems.
The Stratis x
This is regarded as the main official wallet that has been utilized by Stratis over time and it has been shown to be an effective desktop wallet. This is according to information collected by our Stratis review article.
Use of Stratis in the world
Some of the benefits of Stratis are well explained in this article. One of the benefits includes fintech. In this field the stratis has been shown to offer good services and to have an aim in management of various forms of identity and also to control theft. It also helps to solve issues like losing the confidence of the customers. It solves this by streamlining the blockchain technology. There is also the aspect of verifying and tracking. This has caused the aspect of issues like forging original products. However, this is solvable by application of the right blockchains in stratis technology. Use of the IoT of things has helped in impacting in various sectors such as supply, transportation and other business areas using the Stratis currency. For example use of stratis to control a smart home will ensure efficiency and proper and comfortable life. There is also the aspect of fostering medical research. Through Stratis, there is ability to ensure that there is proper storage of medical records and therefore this will be able to ensure proper medical research.
A comparison of Stratis and etherium
Our article on Stratis review gives a comparison of the two types of currencies by looking into various aspects. First it is good to note that the two have a lot of similarities. One of the similarities is that they usually allow what is well known as smart contracts. However, the main differences are that etherium usually uses a different language which is solid in nature. On the other hand, stratis usually applies another kind of language which includes the c# language. This language is widely used and therefore new developers do not need to study or learn another language as the language is common. However, when compared to a developer using etherium, he will have to study a new technical language to proceed with the process. Etherium also uses blockchains in the processes. However, other contracts by Stratis usually operate through side chains. One conclusion as this issue is concerned is that both have been doing well in various processes.
The future of Stratis
The CEO of the company has shown that he has a big aim in his operations and he aims to be at the top three market cap. Therefore, he has shown that there is a great future in this project and it is likely even to do better in future. This will ensure that many people benefit from the project world-wide and ensure efficiency in various operations.
Is it feasible to invest in Stratis?
This is the biggest question that comes into everyone’s mind when they hear about Stratis. This Stratis review provides an answer to this question. The answer to this question is relative since it depends on a variety of factors. First it will depend on the objectives of the investor in the business. This is usually a major factor since every business will depend on its goals. Another big factor is the ability to evaluate and take risks. This is going to be determined by the amount of risks that the person is willing to swallow. This type of cryptocurrency is one of the newest in the market and therefore it is competing a lot with the existing currencies and other upcoming currencies. As usual, many investors need safety while venturing into a new investment. Therefore what investors need to know is that this type of cryptocurrency is doing well but they will need to ensure that they make considerations of various factors of their choice before they join the business.
The architecture of Stratis
This platform is built on various languages such as using c#, bitcoin library and Microsoft net. Of these languages, the stratis technical team chose to use this language of c#. Stratis is usually composed of various components and they usually include the bitcoin full node, the consensus, and the nbitcoin.The bitcoin fullnode is very important in that it allows for safety and verification of various transactions. The lib consensus usually allows for identification of the code thus helping to validate the block. The nbitcoin usually plays the other roles in ensuring the consensus layer is okay.
The largest competitor of the Stratis is mainly the lisk.Lisk has been shown to compete a lot and directly with the Stratis. However, one of the disadvantages of the lisk is that it does not have a capability of ensuring privacy. This discourages various investors, companies and other institutions. Being a fairly new cryptocurrency in the market, it faces stern competition from the likes of Bitcoin, Ethereum who are more industry established. However the cost of these coins is relatively high and this may discourage investors or business to start trading with them. This is why Stratis and the strat coin are a wise and an affordable investment to make.
Offering flexibility why tailoring the needs of business and individuals is the primary objective of this virtual currency. While other virtual currencies might not be able to offer the same, Stratis enables its consumers to enjoy more diversity while not sacrificing its performance. But like with other new business ventures, this virtual currency will always have the room for more improvement.
A lot of survey has been done concerning how stratis is trading. This company is well known and back in the year 2016, it held an ICO and raised a big number of coins. A track has been set to show how it has been trading. It shoots in July 2017 and fell in November. However, by December it rose again and according to analysis, it has been shown that stratis is likely to keep on doing well and this will encourage more investors in this field. This is because of a good teamwork and application of advanced technology which is making the operations of the stratis currency efficient, first and easy to trade in.
Stratis review article describes well this quality of stratis. One property which has been likened to another company called the Ark.Stratis is greatly focusing on ensuring fast transactions and smooth operations that will be facilitated by application of various types of technologies. One of the technologies is the use of a deployer that usually utilizes a one-click blockchain. This is very efficient because it has facilitated the process in that a very big network is usually just one click away.
The stratis usually is facing a lot of competition from other cryptocurrencies and through its strong management it is working hard to keep up and ensure it is doing well.