Stratis Coin: A Cryptocurrency for Enterprise Blockchain Development
Stratis Coin (STRAX) is a cryptocurrency that launched in 2016 as an ERC-20 token on the Ethereum blockchain. Its main function is as a blockchain-as-a-service (BaaS) platform, with the ability to host and support decentralized applications (DApps) and smart contracts. Its native token is STRAX. Stratis Coin is developed by Stratis Group Ltd., a company based in London that specializes in fintech services and C#-based blockchain development. Stratis Coin is based on the Bitcoin (BTC) protocol, but with several modifications and enhancements to suit the needs of enterprises.
Coin Introduction and Features
One of the main features of Stratis Coin is its accessibility. Stratis Coin allows enterprises to develop and deploy blockchain-based applications using the popular programming language C#, which is widely used in the software industry. This means that enterprises do not need to learn a new language or hire new developers to use blockchain technology. Moreover, Stratis Coin provides various tools and frameworks, such as Stratis Identity, Stratis Smart Contracts and Stratis Sidechains, to simplify and accelerate the development process.
Another feature of Stratis Coin is its scalability. Stratis Coin uses a layer-2 architecture to create sidechains that can run independently from the main chain, while still being secured by the proof-of-stake (PoS) consensus mechanism. This allows Stratis Coin to handle more transactions per second and reduce the network congestion and fees. Furthermore, Stratis Coin supports various interoperability and cross-chain solutions, such as InterFlux, which enables the exchange of tokens and data between different blockchains and platforms.
A third feature of Stratis Coin is its security. Stratis Coin uses the Bitcoin protocol as its base, which ensures the stability and reliability of the blockchain. Stratis Coin also implements several upgrades and innovations to enhance its security and performance, such as Segregated Witness (SegWit), which increases the block size and enables the Lightning Network, a second-layer solution for instant and cheap payments, and Cold Staking, which allows users to stake their coins offline and earn rewards.
Market Analysis and Trends
Stratis Coin is one of the most established and liquid cryptocurrencies in the market, with a market capitalization of over $242 million and a daily trading volume of over $28 million1. Stratis Coin is widely accepted and supported by many platforms, merchants and services, such as PayPal, Coinbase, Binance, Travala, BitPay and more23. Stratis Coin also has one of the most active and vibrant communities in the crypto space, with over 300,000 followers on Twitter, over 70,000 subscribers on Reddit, and over 20,000 members on Telegram.
Stratis Coin has shown a bullish trend in the recent market analysis, as it has increased by over 17% in the last 24 hours and reached a new high of $1.60 USD1. Stratis Coin is expected to benefit from the bullish sentiment and momentum in the crypto market, especially as Bitcoin and Ethereum reach new highs and attract more attention and adoption. Stratis Coin is often seen as a complementary and alternative asset to Bitcoin and Ethereum, as it offers a blockchain-as-a-service platform for enterprises, while maintaining a high level of compatibility and functionality. Stratis Coin is also expected to benefit from the upcoming launch of Stratis InterFlux, which will enable the interoperability and exchange of tokens and data between Stratis and Ethereum.
Project Updates
Stratis Coin has announced several project updates and announcements for its coin project. Some of the recent ones are:
- Stratis InterFlux: Stratis InterFlux is the name of the upcoming interoperability and cross-chain solution of Stratis Coin, which will enable the exchange of tokens and data between Stratis and Ethereum. Stratis InterFlux will use the Stratis Intermediary Chain, a sidechain that acts as a bridge between the two blockchains, and the Wrapped STRAX (wSTRAX) token, an ERC-20 token that represents STRAX on the Ethereum network. Stratis InterFlux will also support other blockchains and platforms in the future, such as Binance Smart Chain and Polkadot. Stratis InterFlux is expected to launch in the first quarter of 2021.
- Stratis Decentralized Accelerator: Stratis Decentralized Accelerator is the name of the decentralized project incubator and accelerator of Stratis Coin, which aims to support and fund innovative and promising blockchain projects that use the Stratis platform. Stratis Decentralized Accelerator will provide various resources and benefits to the selected projects, such as mentorship, marketing, funding, exposure and access to the Stratis network and community. Stratis Decentralized Accelerator will also allow the STRAX token holders to vote and participate in the governance and decision-making of the accelerator.
- Stratis Unity SDK: Stratis Unity SDK is the name of the software development kit of Stratis Coin, which enables developers to create and integrate blockchain-based games and applications using the popular game engine Unity. Stratis Unity SDK will allow developers to use the features and services of Stratis Coin, such as Stratis Identity, Stratis Smart Contracts and Stratis Sidechains, to create immersive and interactive gaming experiences that leverage blockchain technology. Stratis Unity SDK will also support various platforms and devices, such as Windows, Mac, Linux, Android, iOS and more.
Analysis and Recommendations for Investments
Stratis Coin is a cryptocurrency that enables enterprises to develop and deploy blockchain-based applications using the popular programming language C#. Stratis Coin has the potential to become a leading blockchain-as-a-service platform that can cater to the needs and demands of various industries and sectors, such as finance, gaming, health, education and more. Stratis Coin also has the potential to offer more scalability, security and interoperability to its users, thanks to its sidechain, interoperability and cross-chain solutions. Stratis Coin is not only a digital currency, but also a digital asset that can store and transfer value across the world.
We recommend Stratis Coin to investors who are looking for a cryptocurrency that offers a blockchain-as-a-service platform for enterprises. Stratis Coin has a proven track record, a loyal fan base, and a promising future. Stratis Coin has a positive outlook for both the short-term and the long-term, as it is expected to benefit from the bullish sentiment and momentum in the crypto market, as well as from the upcoming launch of Stratis InterFlux, Stratis Decentralized Accelerator and Stratis Unity SDK. Stratis Coin is not only a cryptocurrency, but also a movement that strives to create a more accessible and efficient digital world for everyone.
Outlook and Community Response
Stratis Coin has a positive outlook for both the short-term and the long-term, as it is expected to benefit from the bullish sentiment and momentum in the crypto market, as well as from the upcoming launch of Stratis InterFlux, Stratis Decentralized Accelerator and Stratis Unity SDK. Stratis Coin has a loyal and supportive community, which is active and engaged on various social media platforms, such as Twitter, Reddit and Telegram. The community is also involved in the governance and development of the project, as they can vote and propose changes to the network parameters and the treasury fund allocation. The community is also enthusiastic and optimistic about the future of Stratis Coin, as they believe that Stratis Coin will become a leading blockchain-as-a-service platform that can cater to the needs and demands of various industries and sectors.