Stratis (STRAT) is a Blockchain-as-a-Service (BaaS) platform that helps businesses to implement blockchain technology and build their own private or public blockchains for enterprise use.
The platform is based on Bitcoin’s core code, but instead of being written in C++, it is programmed in C#, as .. Show more ▼
Stratis (STRAT) is a Blockchain-as-a-Service (BaaS) platform that helps businesses to implement blockchain technology and build their own private or public blockchains for enterprise use. .. Show more ▼
Stratis (STRAT) is a Blockchain-as-a-Service (BaaS) platform that helps businesses to implement blockchain technology and build their own private or public blockchains for enterprise use.
The platform is based on Bitcoin’s core code, but instead of being written in C++, it is programmed in C#, as it’s more sustainable and more predominant in business applications.
The platform was launched in 2016, aimed at combining the model of cloud computing with blockchain so as to make things easier for businesses to constantly maintain a full-running blockchain.
In this article, you will be able to find how does Stratis works and how you can use it for payments at online gambling websites.
STRAT is the native token of the Stratis platform, and while the platform is based on BTC code, the network uses a PoS consensus process with low inflation and restricted issuance.
It is a proof-of-stake cryptocurrency, which means that users who keep coins in their Stratis Staking Wallet for a period of time receive new STRATs. The staking reward is 1 STRAT every 60 seconds (block solving time).
Transaction wise, STRAT works just like Bitcoin or any other crypto derived from it, as you can store and transfer it to and from other compatible wallets. It should be noted that Stratis was not developed to become a store-of-value asset like Bitcoin but to power the transactions and apps of its native platform.
The platform enables the creation of custom blockchain-based applications just like Ethereum, but it also combines other features from Bitcoin and Waves blockchains.
Stratis reduces traffic congestion by deploying sidechains, which enable you to customize your chain without affecting others and taking advantage of the security architecture of the main chain. Another notable feature is the one-click deployer that can be used beyond the Stratis blockchain. Clients are able to deploy a sidechain to other major platforms, such as Bitcoin, Ethereum, Lisk, and BitShares, and use the features of these chains.
Advantages and Disadvantages
The main benefit of this coin is that it is inexpensive to purchase and works on a chain which prevents slow transaction processing times. Also, if you stake the crypto, you easily get rewards at a fast rate.
The biggest disadvantage would be that the coin is not widely adopted by many online platforms, including those from the gambling industry.
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