Stratis (STRAT)
Stratis (STRAT) price, charts, market capitalization, history. Check Stratis live and history price in charts and tables, do analysis with special STRAT tools below. Stratis is a different type of cryptocurrency platform than some others such as Ethereum and BitConnect. Instead of serving as a transaction-oriented entity like Qtum, the mission of Stratis is to help individuals and businesses create a private blockchain, using Stratis’ existing technology,for their own personal use instead of having to start from scratch. This is a very different business model compared to other big names in this market, taking them out of the realm of “competitors” per se. Stratis is a really useful tool for companies looking to dive into this new technology since so many people are still unfamiliar with the concept and the lingo that goes along with it. The Enterprise platform, nStratis, is marketed as a simple and affordable solution tailored exactly to any company’s unique needs, and at highly competitive rates. One of the hardest parts of starting your own blockchain is creating the infrastructure.
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Stratis does this for its clients, saving time and money. They’ve done almost all of the problem-solving for you, including offering consulting services to help ensure that your new blockchain is being used efficiently for the benefit of your company. Stratis’ mode of currency is the Token, which is a Proof-of-Stake (POS) cryptocurrency with low inflation and limited emission. For example, Stratis can be effectively used by an institution of medical research by helping them exchange information and increase transparency of scientific findings.
Like the vast majority of cryptocurrencies, Stratis is purposefully designed to gradually decrease the production of Tokens, which in turn places a cap on the total amount of Tokens that will ever be in circulation. This applies the concept of scarcity, which in turn gives the currency its value. Stratis was founded by Chris Trew, who is, among other things, a technologist with over 10 years’ experience in this field. He’s a backend developer who specializes in C# and ASP.NET technologies, and has been involved in blockchain technologies since 2013. Stratis’ core team of 9 have an impressive amount of technological and cryptocurrency experience, making it no surprise that Stratis is the fastest-growing cryptocurrency platform. Their headquarters are in London, England.
As Stratis will tell you, there are plenty of advantages to creating your own blockchain and using cryptocurrency instead of traditional money. For one, a more widespread use of digital currency cuts down on the potential for identity theft. Contrary to a credit card, there is no exchange of personal information when using digital currency. Similarly, this also cuts down on fraud. Because the currency is digital, it can’t be counterfeited or arbitrarily reversed by sender. There are lower fees associated with cryptocurrency, as well as better access to a larger group of users.
"It looks promising. The team announced they are about to double the number of full-time developers. At the moment, they have over $20 M to spend on development and marketing and they have not even finished the funding round yet. The growth is going to explode now." – JPR, Stratis Investor
