What Is Stratis Blockchain

The Stratis ICO Platform allows you to deploy an ICO in minutes and is available free of charge.

Sidechains

The Stratis Full Node now supports sidechains. This is achieved using a Two-Way Federated Peg solution. This means that STRAT can be passed to and from the sidechain and the gateway through which they pass is controlled by a federation. The federation consists of 3 or more members who have control of the sidechain.

Like the Stratis Full Node, Stratis sidechains are written in C# using the .NET Core platform. Although this material does not cover any programming tasks, a working knowledge of blockchain topics such as transactions and wallets will be very useful.

To enable users to get started, Stratis has created a sidechain running on the Stratis testnet. It has 5 federation members supporting it drawn from the Stratis Platform internal team. The sidechain has its own token called the APEX. Users can deposit STRAT on the sidechain and in return they receive APEX to spend on the sidechain. Stratis provides a modified STRAT wallet and an APEX wallet to help facilitate this.

One way of understanding sidechains is to think of a sidechain as a foreign country and the Stratis mainchain as the user’s home country. The federation secures an amount of the foreign currency (in this case APEX), which it can loan to sidechain visitors in return for depositing STRAT. When a user returns home, they can relinquish their APEX and withdraw the equivalent amount in STRAT on the mainchain.

Wallets

Stratis Wallets are used to store and transfer STRAT, a cryptocurrency used on the Stratis platform. Stratis provides two wallets.

Staking Wallet

When diving into the world of STRAT, this wallet is perfect to get you started. Send, receive or stake your coins.

Stratis Electrum

Syncing a blockchain can be time-consuming depending on your internet connection and other factors. If you just want to send and receive, then our Electrum client is just for you. Blazing fast and ready to receive in seconds.

Stratis Identity

Stratis Identity is used to create a single identity that can be used to verify a user via their social media accounts including LinkedIn, Microsoft, and Google. Stratis Identity iOS app allows users to attest their identity on an immutable ledger and share that data with others.

Stratis Identity app creates a permanent, unique record of a person or organization’s identity on the Stratis blockchain and provides permission-only access to that identification. Each online social media profile has information linked to it (username, e-mail, job title, etc.) stored by the account provider.

Key features of the Stratis Identity app include:

• Creation of a unique Stratis Blockchain identity, registered and secured on the Stratis blockchain
• Attest your identity by logging into a selection of social media accounts such as Microsoft, Google and LinkedIn
• Proof of ownership of online accounts via sharing your unique public addresses and transaction hashes
• Validate other people’s Stratis Identities using the built-in verification tool

STRAT Token

STRAT token is the cryptocurrency that fuels Stratis platform. STRAT was launched in 2016 and currently being traded at $1.41 USD. STRAT’s circulating supply is 98.98 million tokens. Stratis current market cap is roughly $139 million according to CMC.

STRAT is publicly traded on various crypto exchanges including Poloniex, Bittrex, and Bittylicious.

The Team

Stratis was founded by Chris Trew in 2015. Stratis has a team of close to 40 members distributed all over the world. The key members of the team that are listed on the websites.

References

https://stratisplatform.com/

https://coincentral.com/stratis-beginner-guide/

Stratis Announced The Production Release Of Stratis Core Wallet

Recently, Stratis announced the production release of the Stratis Core Wallet. The new release is available for download and installation from the wallets page.

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