What is Stratis and 4 Reasons Why It’s Exceptional
Success is not a zero sum game.
I want you guys to understand the significance of Stratis. It’s very easy to get swamped by the cryptocurrency wave and frantically look for the next big thing. Stratis is a platform and not just some digital coin that you can invest in. We all know that the blockchain technology will fundamentally change the way we interact in this world. Stratis attempts to bridge the blockchain domain with the corporate sphere. It has an ambitious team with a great goal. Now let's move onto some specs and more information.
1. Built For .NET framework and With C#
.NET is a software framework that was built by Microsoft and provides the groundwork for many applications
C# is an elegant and type-safe object-oriented language that enables developers to build a variety of secure and robust applications that run on the .NET Framework.
As a result, Stratis has the ability to hook into business software and have a real use case for businesses. If you’re reading this then you’ve probably used or at least know about a computer that had Windows on it. Even on my Mac, I have Windows Office, Excel, etc.
Wouldn’t it be nice if you could enable your company on the blockchain while using a programming language that many are familiar with? Well Stratis allows for easy integration with businesses that rely on Microsoft’s .Net platform and its C# language
2. Frequent Flow of Updates/Project Breeze
Project Breeze was announced recently. It’s an update to the Stratis protocol that implements TumbleBit. TumbleBit makes transactions completely private and unlinkable. This is great for businesses who wish to engage in guaranteed private transactions. It’s also compatible with the bitcoin protocol and thus can build upon Bitcoin’s already established infrastructure.
You can also check out their GitHub and trust that the developers are working non-stop. In addition to the new Breeze Wallet, Stratis also has many upcoming updates that you’ll want to follow. Here’s the Roadmap.
3. Stratis Army/Slack (Community)
A coin may be extraordinary as a result of its technology, but what really brings it to life is the community that it’s built around. More exposure to the coin means more questions and maybe even problems. I recently joined the community’s slack channel and they are a very happy bunch. They call themselves the “Stratis Army” and they’re willing to support anyone who comes. Whether you have a question about the technology itself or just want to chat, the Stratis Army is there for you.
Not many people give credit to the team members in a cryptocurrency slack. They're the ones who interact with others in real time. The community is what brings great demand to the supply. It's a blessing to witness a growing community.
4. Frothy Market Potential
Not only is the technology exceptional, but the possible returns on Stratis will be massive. I remember when Ethereum was just $5 earlier this year. I decided to buy some at $20 and sold all my coins at $40. Now it’s $250. Okay, I also bought some more at $50. In any case, you don't want to miss out.
Stratis is often compared to Ethereum. One of the predominant similarities is that they both have smart contracts. Aside from Stratis being .NET and C# compatible which makes very enticing, one crucial difference is that Stratis has side chains which allow for smart contracts that don't bloat the network. To elaborate, this keeps data on separate chains so that the main chain is clean. Stratis is a one-stop shop that works for all applications for businesses. Seeing as how cryptocurrencies are moving, I think it has the potential to reach ETH’s current market cap within the next year.
The price of Stratis is rapidly rising and for a good reason. Stratis is rank #8 on coinmarketcap.com, but you may soon find it at #7. Expect a breakout soon. There's a steady stream of announcements coming up and the price is rising healthily. Stratis is extraordinarily promising.
Summary
Here's an FAQ page for Stratis and a TL:DR video:
Sources: BreezeWallet/TumblerBit, Stratis Wiki, Stratis Website
If you like what I’ve written and thought it was informative then feel free to follow me at @kyungjaechoo and leave a comment if you'd like.
Thanks for this post...I recently heard about Stratis and haven't had a chance to research the details yet... perfect timing! upvoted :)
Thanks for commenting! Yes stratis looks very promising and unique. It's definitely a long term coin to hold :D.
Interesting post. I was about to start a similair discussion. The price of a coin should depend on the quality of the product, the team behind it, if proffesional investors believe in it, and a lot more facets. Does anyone know about: https://www.coincheckup.com Supposingly they researched every crypto coin in the scene based on: the team, the product, advisors, community, the business and the business model. They even score the coins stengths. For example: https://www.coincheckup.com/coins/Stratis#analysis To check Stratis Investment analysis.
seen your post in chat. read this. following now. good luck on steemit sir!
Stratis is just simply the best for me. I have made a nice amount of profit. I love their projects too.
Nice post! I've been studying Stratis also and one thing I am still insure about is their monetary policy. How many coins will they ultimately issue and at what rate will they be issued?
Nice post! I googled stratis and your post came up! Upvoted, eager to see your future work on other cryptos. Cheers!
This is the second time I heard about Stratis through a Steemian. Initially, I had no idea that it dealt with smart contracts like Ethereum. I ended up investing in some Stratis primarily because I noticed it went on 20% dips and then 30-60% runs. @Kyungjaechoo could you elaborate on this statement, "Stratis has side chains which allow for smart contracts that don't bloat the network." Does Ethereum not allow for side chains? What are side chains? Are they like forks?
Sure and sorry for the late reply. Ethereum has only one main blockchain. It's like how bitcoin has its own blockchain that consists of a string of "blocks" or digital ledgers. (Those digital ledgers keep track of all transactions.) However, as you may know, Bitcoin's blockchain is congested and that poses a problem for tracking all transactions and thus creates the problem of long transaction times. Ethereum only has one main chain and so all the transactions have to go through that one chain. Sidechains for Stratis may be considered backwards compatible meaning that it isn't like a hard fork. Projects may create dedicated side chains using the Stratis platform and thus work on that specific chain. The side chain would be connected with the main chain, but wouldn't bloat the main chain.
Thanks for posting my faq! Hopefully it helps those still learning about Stratis and wanting to know more.
Thanks for creating a succinct FAQ that's informative and easy to understand!
Congratulations @kyungjaechoo! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honnor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOPBy upvoting this notification, you can help all Steemit users. Learn how here!
Nice article!
I will definitely do research on it, this sounds a great idea.
Slack brought me here. Nice. Followed.
I'm glad I could inform you! I'll be writing more about cryptocurrencies. I plan on giving an overview of actual white papers in a way that'll interest both technical and non-technical people