On which platforms can Stratis (STRAT) be bought and sold?
Stratis is a blockchain development platform for companies. It allows them to easily create applications on specific private blockchains. The Stratis API framework allows companies to accelerate their creation process on the blockchain and simplify the associated development process.
Although the company mainly targets financial institutions, any company interested in incorporating the blockchain can benefit from the project. They have even recently entered into a partnership with a seafood company, Earth Twine.
Stratis takes a more concrete approach to implementation than other Blockchain projects. Beyond the construction of the platform, the team offers recommendation services to companies that may need advice to work with their technology. They also work with customers to create and host decentralized applications so that they can fully understand their Smart Contracts needs.
How it works: for which uses can we buy Stratis (STRAT)?
Stratis is not a coin. It is a Blockchain-as-a-Service (BaaS) platform that facilitates the development of blockchain-based applications. What does the term “Blockchain-as-a-Service (BaaS)” mean? As a BaaS platform, Stratis hosts the blockchains running on the network via the cloud. It is not necessary to manage a complete node to access or work with your specific blockchain. This frees up resources for organizations that would otherwise have spent a lot of time and resources doing so. Stratis simplifies the blockchain wholesale for you!
Similar to Ark, Stratis focuses on ease of use through the implementation of a one-click blockchain deployer. You can quickly deploy a customizable sidechain with many ready-to-use features found in the main parent chain. An entire network is available to you, and it is accessible with just one click.
Each blockchain you deploy using Stratis is a private sidechain. Side chains allow customization while taking advantage of the secure infrastructure of the parent chain. In addition, you can make changes to your specific blockchain without affecting other channels on the network.
In fact, the team is building the platform in such a way that companies can also transfer traditional currencies to the block chain. In other words, the platform will use a digital token equal to the traditional currency transferred. With this, organizations can stay compliant while taking advantage of new technology.
Slightly outside the company’s development, the team also worked on an ICO platform. With the ICO platform, you can host your own ICO on the Stratis blockchain network. Although the platform is not yet available, there is an ICO Test to allow you to try it out, and the official platform should be available soon.
Finally, Stratis is built on a Bitcoin Full node platform using C#, Microsoft.NET and the NBitcoin library. The team chose to use C# rather than C , the main language of Bitcoin Core, because it is easier to maintain and more widespread in business applications.
Our review: should we buy Stratis (STRAT)?
The answer depends on your performance objectives and risk tolerance. Even if Stratis is one of the few quality projects with a quality team, you should diversify your investment, as there are hundreds of competing crypto-currencies that are striving to be adopted. However, you must definitely consider Stratis in your portfolio.
If your objectives are aligned with profitability and your risk tolerance allows it, you can consider allocating 20% of your portfolio to Stratis. Stratis has a good project team and a good roadmap. However, watch for information about partnerships and adoption of the platform.