Let’s hope that this next altcoin bull run pushes us into the STRATosphere…
Was that another cheesy pun segue for today’s coin of the day?
Today we will review Stratis.
Let’s dig in…
Stratis (ticker: STRAT)
Wtf is this shit?
Stratis is a Blockchain as a Service (BaaS) platform to provide blockchain solutions for enterprises. They will offer consulting service to build and deploy private blockchains for businesses, as well as provide API’s and light clients for businesses to build their own solutions.
All of the private chains created for businesses will act as side chains, which allows for further scalability and customizability, while using the parent chain for its secure infrastructure. Each side chain (which is implied to be private) can be customized without affecting any other chains in the network.
They will also offer quick deployment of standard side chains (virtually one click deployment) similar to Ark and other UX focused platform projects.
Some technical jargon: the Stratis platform is known to be built off of the NBitcoin library (a pretty much complete, C# and .NET version of the Bitcoin Core code), with their own development on top of it for Stratis specifically. Compared to C++, the language used in Bitcoin Core, they find the .NET framework much easier to maintain. Meh, not our favorite development framework :P
They have different layers, such as application layers, node policy layers, interface layers, API management layers and more, to stay organized and allow for better scalability.
Stratis is the native currency which will ultimately fuel the entire network.
They also have masternodes.
Stratis was an ICO, that raised around 915 Bitcoin.
Who tf is behind this shit?
Chris Trew is the CEO and founder. He has 10 years IT experience, particularly in the financial, legal and government sectors. He created a platform called Fitalize, some fitness rewards app. Otherwise, they have a large team spread across the world, that has been hitting milestones. Let’s keep them accountable!
Anyways, Mid-Tier shitcoin. Offering a practical business model based off of consulting is good, but raising money in such a public way to fund private enterprise blockchain technology is a bit strange. We feel that many of the best use cases for blockchain are public and truly decentralized. But hey, let’s see how the market speaks.
Hope you learned some shit.
- Mike and Aaron