ABC of Stratis cryptocurrency

The business world can also be benefited by the arrival of the blockchain and this is where the Stratis cryptocurrency stands out, which has one of its main objectives; develop new information technologies, using a private block chain to create commercial solutions for financial institutions and other corporations.

Everything you need to know about Stratis
Stratis is a cryptocurrency, whose platform is based on decentralized blockchain technology, which was created to provide financial improvements to various companies wishing to develop private blockchain-based applications.

The main offices of this project are located in London, where they offer a consultancy service to companies in the same sector, with the aim of creating strategic alliances that promote the use of block chains at the business level.

Although it is based in London, it is planned in the future to expand to places where there are opportunities for growth.

Union of Stratis and Microsoft: the strong point of this project

One of the advantages of this project is the existing alliance between the Stratis platform and Microsoft, since it gives the opportunity for companies to develop applications using the .Net framework, which is why the Stratis developers promote the use of of Microsoft products, creating tools compatible with these products.

The most important feature of Stratis: the chain of private blocks

Bitcoin's blockchain technology is one of the safest, considering that it was the first and most stable cryptocurrency today, and although it is possible to design applications in this chain of blocks, the disadvantage of this system lies in the confirmation time of transactions, which, by various factors, can lead to each transaction being confirmed in hours.

For its part, the private block chain of Stratis offers total freedom to develop the applications according to the needs of each programmer, in this sense, Stratis grants the power to the developers to carry out any transaction and place the conditions it believes pertinent. , to mention an example, users (administrators, so to speak), can perform the following things:

Define the size of the blocks according to the number of transactions to be executed, that is, the greater number of transactions, the larger the size of the blocks.

Establish the ability of the block to trade.

Determine the space of a given block, to occupy a large amount of data.

Specify the transactions that a specific user can perform.

Stratis: areas of application

The Stratis platform turns out to be very useful for any type of company, which is dedicated to a specific sector, since each company is free to create its own block chain, in which it can develop its own applications according to its convenience.

It should be noted that the applications created are stored in the Stratis blockchain, and in addition, the company must have the Stratis cryptocurrency, in this way it will be able to carry out transactions such as acquiring services and carrying out investments.

Stratis: its differences and similarity with Ethereum

It is possible to confuse in a certain way the benefits of Stratis with those offered by Ethereum, taking into account that both offer a blockchain that can be customized according to the guidelines and needs of the users, however, there are some differences which it is necessary to know :

They do not use the same programming language, Ethereum uses a more complex language called Solidity.
Smart contracts are carried out in side chains within the Stratis programming, while in Ethereum they are executed within the main blockchain, causing it to become obstructed.
The algorithm used by Ethereum is Proof-of-Work (working test), while Stratis uses the algorithmic Proof-of-Stake system (participation test).
The cryptographic token Stratis

Strat is the digital token of the Stratis platform, which began on August 16, 2016, reaching one of the largest market capitalizations. The Proof-of-Stake consensus protocol allows Stratis tokens to operate effectively within the block chain, generating interest on the currency, which translates into profits for those holding tokens.

In what way can Stratis be obtained?

Today it is not possible to get Stratis through mining, so the main way to get this cryptocurrency, is through the exchange houses, regardless of whether they are digital or physical. These are some of the exchangers that are used to obtain Stratis:

Bittrex

Poloniex

Binance

Is it worth investing in Stratis in the future?

This cryptocurrency has managed to reach more than 700% of its initial value, this surprised many, and it is estimated that its value continues to increase, since it is a very stable currency, compared to other cryptocurrency. In addition, it turns out to be an excellent option for investors, considering that this cryptocurrency is being backed by a company with a fairly solid business system.