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What is Stratis

What is Stratis

Stratis is one of the most reliable projects on the market. It introduces a new way of creating blockchain-based network. It allows any enterprise to build its own blockchain. Blockchain is always based on decentralisation, but huge companies and businesses nowadays are not ready to use the public blockchain networks, as they are afraid of their data security. Stratis allows businesses to build their own network, completely unlinked from the public nodes.

Stratis project held an ICO in June 2016. They have created tokens called STRAT and have raised around 915 bitcoins during ICO.

Advantages of using Stratis

Sidechains

Stratis allows to build the complete side chain that will not be disruptive to the primary network. As Bitcoin does not allow any sidechain and Ethereum still linkes any smart contract to the main network, there were no solutions for really autonomous Sidechain up until Stratis came out.

BaaS (Blockchain-as-a-Service)

Users can connect to their personal blockchains without deploying full blockchain client on their side. This is possible because Stratis hosts all the blockchains in the cloud. This frees the resources of organization and still allows to work with personal and secure blockchain.

C# compatible

Developers can easily create any application on the Stratis networks in C# without learning special new coding language. This makes Stratis project more valuable and reduces the risk of investing in it.

Stratis definitions

Cryptoasset

Stratis coin, or STRAT, can be used as the ordinary cryptocurrency. That means that it can be used as crypto asset. It can be bought, sold or kept on one of many wallets available.

Exchange

There are plenty of special platforms, allowing you to exchange cryptocurrencies. All of them are called Exchanges.

Market cap

Stratis coin can be used as the ordinary cryptocurrency. That means that it also has its own market capitalisation, measured in USD.

STRAT investment strategy

Stratis uses special algorithm allowing keepers of the STRAT tokens receive additional tokens through time. This works much like dividends in the ordinary stake company.

You can buy STRAT, watch it grow, receiving more tokens from the network, as the company progresses. When it grows and you would like to fix the profits, you can easily switch STRATs to fiat money or other coins you like via BestRate.org.

Where to keep STRAT

There are four ways to keep your Stratis coins safe. You can use Staking wallet, Stratis Electum, offline Ledger wallet or Breeze wallet, that is in beta now.

Staking wallet

Staking wallet is the best way to keep your STRATs. It is the only platform, that allows you to receive dividends from Stratis platform for just holding STRAT on your wallets.

Stratis Electrum

This is a simple online wallet, developed by Stratis company, that can be used to send, receive or store STRATs without connection to the main Stratis blockchain.

Ledger wallet

You can use standard Ledger offline wallet to keep your STRATs safe.

Breeze wallet (beta version)

This is the wallet that pays additional attention to your privacy. It includes coin shuffling and swapping technologies that help you be more anonymous than ever.

How to transfer STRAT securely

As any crypto payment is a peer-to-peer money transferring, one should be extremely careful. In every cryptocurrency transaction you are the Bank for yourself. There are some tips, that will help you to transfer STRAT safe.

Never type a wallet address manually

Always use only copy-paste operation to enter a wallet address. Any mistake can cause an error and let your money get lost in the network.

Look up the transaction fee

Any good wallet or an exchange platform will show you the transaction fee for your money transfer. Look for it anytime you send STRAT to anyone.

Double check the address

Make sure that the address of the recipient is correct and check it several times before sending off the sum, especially if you transfer big amounts of STRAT at a time.

Test before sending

Anytime you send huge amount of STRAT check the whole procedure on a small amount. When you will be sure that your partner received the money, do the same thing with the rest of the asset.