Analysis of Stratis, a blockchain service platform that doubled in one day

朱老师区块链 · 2023-10-08T11:39:52.000Z

Today we continue to talk in order of market value. This project has been growing well recently. You can see that it doubled in one day yesterday, from 0.4 to 0.8. He is strax, a provider of basic blockchain services. The current market value It only has 120 million U.S. dollars and ranks around 180+. Let’s take a look today. Introduction Stratis is a Blockchain as a Service (BAAS) platform that makes building blockchain easier. Stratis allows companies to customize and adjust the blockchain according to the company model and scale. Everything from building the blockchain model to the encryption algorithm to the issuance interest rate can be easily operated, and you can also customize your own side chain. Stratis also provides developers with a testing environment for testing Dapps and smart contracts. Its slogan is to make developing blockchain applications easier. And the Stratis Crypto Token (STRAX) powers the Stratis platform and serves as a value transfer vehicle in the Stratis Marketplace.

Today we continue to talk about the projects in order of market capitalization. This project has seen a good growth recently. It can be seen that it doubled in one day yesterday, from 0.4 to 0.8. It is Strax, a company that provides basic blockchain services. Its current market capitalization is only 120 million US dollars, ranking around 180+. Let’s take a look at it today.
Introduction
Stratis is a blockchain as a service (BAAS) platform that makes it easier to build blockchains. Stratis allows companies to customize blockchains based on their company model and size. Everything from building blockchain models to encryption algorithms to issuing interest rates can be easily set up, and you can also customize your own sidechain. Stratis also provides developers with a test environment for Dapps and smart contract testing. Its slogan is to make it easier to develop blockchain applications. And the Stratis crypto token (STRAX) powers the Stratis platform and acts as a value transfer tool in the Stratis market.
Stratis is characterized by the ability to write applications in C#, which is particularly suitable for enterprises that run services in Windows/Microsoft environments. Users can not only easily get started, but also customize their own sidechains and combine existing functions in other blockchains (such as Ethereum or Waves), saving the complexity and cost of designing a blockchain system by themselves.
Consensus Protocol: Proof of Stake (POS)
Stratis itself does not have many new concepts. Its main contribution is to write a full Bitcoin node in C# and take out the development framework. This provides more possibilities for developers. Developers can use C# code to write Dapp functions and quickly develop blockchains. Moreover, the Stratis network can be accessed through a simple client and a proof-of-stake system, which does not require high-performance hardware and is easy to operate.
The founding team of Stratis is mainly composed of technical personnel. Stratis CEO Chris Trew also has a technical background. He has rich technical experience and has worked in top financial companies. Moreover, before founding Stratis, he participated in the Blitz project in his spare time and created the Fitalize platform, which allows people to track fitness with Fitbit hardware and reward Bitcoin. These rich experiences are beneficial to his management and operation of Stratis. In addition, there are former Bitcoin core developers in the team, who have a very professional knowledge background.
STRATIS Products
1. Digital identity:
Stratis Identity provides a complete end-to-end solution for decentralized authentication and authorization. In essence, it is IAM (Identity and Access Management) on the blockchain.
Users can use Stratis SSO (Single sign-on Server) to seamlessly log in to various applications and websites without having to enter a password. Users can also obtain and provide claims about their identity to third parties, sharing specific information they choose to share. Stratis Identity supports decentralized identity management, that is, personally identifiable information (PII) is not stored in third-party databases and is managed only by the person who owns the information.
2. Distributed ledgers. Traditional centralized databases have been used for years by entities ranging from governments to global institutions to store data and record any type of transaction. These are now very old and backward, and current banking operations require the storage of distributed ledgers.
3. STO Platform
The Stratis STO (Securities Token Offering) platform is a turnkey blockchain solution that provides user compliance, fund management, and simple management of token issuance. The solution can be quickly deployed in all known enterprise environments and established IaaS providers. Raise funds and realize your business ambitions through the free-to-use Stratis STO platform.
4. Game SDK: With the launch of several popular game money-making models, the application of blockchain technology in the game industry has become increasingly evident. Stratis Unity Game SDK enables game developers to design, build, and deploy games using existing programming languages ​​in a familiar environment. Currently, game SDKs for Unreal and Unity are available.
Competitive Advantage
1. Simple and convenient development, saving costs
There is a global shortage of talent who truly understand blockchain technology development.
The Stratis development platform allows enterprises and organizations to develop blockchain applications in C# using the Microsoft .NET Framework. This opens the door to one of the largest development communities for line-of-business applications.
#Corneris the largest online community for C# and Microsoft developers, with nearly 3 million registered members. This is simply good news for blockchain companies, as it means you don’t need to have any experience in blockchain development technology to get started with blockchain.
Enterprises will be able to deploy blockchain applications in-house, leveraging their own development resources and existing business infrastructure;
2. Safe, convenient and unique
Nbitcoin protocol developed by Nicolas Dorier (Bitcoin core developer), the lead framework developer of Stratis: NBitcoin replicates the security and consensus model of Bitcoin, making it superior to other blockchain development platforms. It retains the most valuable features of blockchain technology, its distributed, decentralized and immutable nature, but still allows for personalization and customization, making it unique in its approach;
Additionally, Stratis will transform Blockchain as a Service (BaaS) by implementing custom private sidechains, which can reduce the time and resources required to clone the Bitcoin blockchain while providing organizations with the full functionality of blockchain technology ready to deploy at the click of a button.
3. Customized according to needs and personality
Stratis also enables enterprises to easily tailor sidechains to their specific needs, whether public or private, and launch their own tokens and asset classes, all secured by the Stratis mainchain.
Customized versions of Stratis full nodes are deployed throughout the network and form the blockchain. These blocks can be mined using either Proof of Work or Proof of Stake mining. Wallets can be tagged with the enterprise’s custom coins/assets and contain the enterprise’s custom coin address scheme.
Customization will also be available for enterprises with custom requirements, such as larger block sizes, different block intervals, or new consensus rules. And because these customizations can be developed quickly on .NET Core in C#, this opens up a wide range of possibilities for enterprises.
New public blockchains are also supported.
4. Other advantages
Stratis is taking advantage of the first mover advantage in the rapidly growing market for blockchain solutions.
STRAT is cheaper than BTC or ETH, which increases the comparable affordability of enterprise solutions;
Stratis does not have the technical challenges faced by other existing platforms (such as Ethereum, DAO, HF, etc.).
The Stratis blockchain generation technology can be used with Microsoft Azure or can be deployed on Ethereum or other cloud network infrastructures.
Stratis Token
STRAT is the fuel that supports and secures the Stratis blockchain. It is used to pay for every transaction and serves as a tool for value transfer between Stratis market participants.
Stratis was first funded in August 2016, with a cost of less than $0.01. The maximum supply is 154,006,911 STRAX, and the current price is $0.7. The highest price in history was $4.67 (21 years ago), so it has increased many times, but the distribution of tokens has not been queried, which is bad.
Finally, let's summarize. There is relatively little information about this project. The only source of information is its website and white paper. Overall, it looks a bit like a project done by a small software development company, because its products are common products on the market and can be sold separately. To be frank, these products are not very closely related to its main network, but the products are indeed useful and not fabricated out of thin air. The team also has certain technical capabilities and is a more pragmatic team. They will not make big promises, but the things they develop are also common. Therefore, from the perspective of the overall situation, it is a bit small-scale, and the overall fundamentals are average. It is not a very high-quality project.