Overview

02/10/18 10:06 UTC-4

Stratis – currency for corporate applications

Stratis in the corporate environment
Stratis in the corporate environment

The Stratis community actively promoted ICO in the middle of 2016, at the same time 915 Bitcoin was collected and a decentralized platform for various kinds of enterprises building on blockchain technology was formed. The platform uses dApps applications and the Stratis API, thanks to which organizations can greatly simplify the process of creating a chain of blocks.

 

WORK PRINCIPLES

The main users of Stratis are financial institutions and business structures that need to optimize their internal processes. At its core, Stratis is not a traditional cryptocurrency, while the network greatly simplifies the creation of decentralized applications. Thus, Stratis users have access to the capabilities of the Blockchain-as-a-Service (BaaS) shell, which means the location of the network blocks in the cloud service. The ease of using the platform is to use a single-purpose unit, where, as an add-on, you can develop a side chain with the necessary functionality for the job. To do this, the network uses Sidechains, which makes it possible to regulate the private chain of blocks, ensuring the safety of the mother's shell. As a payment mechanism, the digital currency is used, which is equated to the existing fiat money signs.

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The Stratis developers created a network infrastructure on the Bitcoin Full node. In doing so, the C # and Microsoft.NET programming languages ​​ were used, as well as the NBitcoin database. In practice, Stratis is managed by three functional nodes. The first one is called LibConsensus and is something like the transaction confirmation code. Nbitcoin aims to eliminate any complications that arise when a consensus is reached and is responsible for processing messages between blocks. The most important node on the network is Stratis Bitcoin Full Node, which is responsible for the interface and integrates it into the Blochein.

 

CAPITALIZATION

The headquarters of Stratis is located in the UK, but despite this, platform users are scattered all over the world. Given that Stratis does not try to speculate on its tokens, we can confidently state the seriousness of this project in the cryptocurrency market. One of the most likely competitors for Stratis is the Lisk project, which was created in Javascript and just like Stratis, it has lateral block chains, but is more accessible to the public.

Stratis uses an algorithm for confirming operations known as Proof-of-Stake, which distinguishes it from competitors, whose work is built on the algorithm of empowering other participants of the network based on the allocated quotas.

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You can buy Strat tokens on such large exchanges as Bittrex or Binance. Most often, as an exchange for coins, Strat is offered Bitcoin or Ethereum. To save the cryptocurrency, you can use various options of digital wallets.

Without a doubt, Stratis has a number of technological advantages over larger platforms, while the network is managed by a professional development team, for which the development of the Backend-as-Service functionality is important. For the first quarter of 2018, the capitalization of Stratis exceeded seven hundred million dollars. Behind this indicator, the network enters the top thirty cryptocurrencies in the world market.

Editor: Yuliya Soroka

#Stratis #Strat #cryptocurrency

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