What Is Stratis? Should I Buy and Invest In Stratis?
Almost everyone is talking about cryptocurrency. Although Ethereum has the best long-term potential of any cryptocurrency, there are many others that you should consider diversifying your investment. One of them is Stratis. If you are wondering if you should buy and invest in Stratis, read this article to find out more.
Disclaimer: The content on this site is provided as general information only and should not be taken as investment advice. The opinions expressed in this article are the personal opinions of the author at the time of publication.
What Is Stratis?
Stratis is a Blockchain-as-a-service (BaaS) Platform, created to provide solutions for corporations in the financial sector that want to enjoy the benefits of Blockchain technology.
A blockchain is a distributed database that maintains a continuously growing list of ordered records called blocks. Each block contains a timestamp and a link to a previous block. That means it’s capable of tracking other types of data in private blockchain networks in addition to money.
Stratis allows companies to create their custom blockchain applications with the features they require, making the development process simpler and accelerating the development lifecycle for blockchain projects.
Stratis allows the creation of distinct, private blockchains, which can be launched by third party organizations which can customize them to their needs. These blockchains (sidechains) are secured on the main Stratis blockchain. They can be accessed via lite clients and APIs.
In short, Stratis make blockchain easy for corporates. Their enterprise-grade development platform nStratis is a simple and affordable end-to-end solution for native C# and .Net blockchain applications. That means they provide solutions tailored exactly to specific needs and requirements.
Stratis recently got the highest level support from companies like Microsoft. Their aim is to be the one-stop shop for all things blockchain, essentially becoming a Blockchain As A Service (BAAS) platform.
Microsoft unites various platforms that provide a possibility to create personal decentralized applications within their partner program BaaS (Blockchain-as-a-Service).They have added Stratis to the cloud service, Azure to provide the whole functionality for creating blockchain-applications.
Stratis is actually specialized in developing tools customized for Microsoft products. So it is natural that their platform has been added to the list of blockchain-platforms that are already present in the cloud. Their main goal is to provide instruments for the shift of financial institutions to the work in blockchain to improve workability and reliability.
What Are The Differences Between Stratis and Ethereum?
They are similar to Ethereum in concept but also very different. Stratis runs on the Bitcoin blockchain. But, where Stratis makes itself unique is that it offers developers the ability to code in C# which opens up a ton of possibilities for app and other developers.
Stratis is similar to Ethereum in that both are platforms for developing blockchain-based applications and smart contracts. Stratis is different from Ethereum in that its native language is C#, which means developers don’t have to learn an entirely new language to begin developing those apps and smart contracts.
Stratis facilitates contracts on the sidechain. If you have ever looked at the data size on the block when you send an Ethereum smart contract, you will notice that all of that data is now traveling on the main highway and could cause a traffic jam if there is too much data on the main highway. Stratis wants to be able to facilitate those contracts on side chains so the main network is able to move seamlessly without getting clogged full of data.
There are some other differences between Stratis and Ethereum. They are summarized in the infographic below.
Who Is Behind Stratis?
Stratis has a worldwide presence, comprised of a distributed team of business managers, developers, consultants, marketing and sales experts. Coordinated by a strong team of blockchain experts, they combine a solid corporate structure for best business practices with the flexibility for rapid prototyping and deployment. Headquartered in the U.K. and incorporated as Stratis Group Ltd.,
#1 Chris Trew is the CEO, the founder of Stratis. He is a consultant, architect, and technologist with over 10 years’ experience in Enterprise IT. Chris’s background includes extensive experience in the financial sector, working for some of the top financial institutions as well as in the Legal, Aviation and Local government sectors.
Chris has worked as a volunteer developer in his free time on the Blitz project, in the course of which he has developed The Viral Exchange, a social exchange that allows people to earn BTC and Blitz by completing social interactions such as tweets, sharing, and likes. He also created the Fitalize platform that allows people to earn Blitz by walking, using hardware fitness trackers such as Fitbit.
#2 Nicolas Dorier, a Stratis Bitcoin framework developer. He was a Microsoft Certified Trainer, teaching companies best development practices in .NET technology, when he first discovered Bitcoin.
#3 Dan Gershony, a Stratis blockchain developer. He has over 10 years of development experience on the MS stack mainly in C# .NET with Microsoft Certificates in WCF, Winforms, and BizTalk. He has been contracting as a software integration engineer for companies like Microsoft, Fujitsu, and SolidSoft and was a development engineer at Blinkbox for 4 years working on the core platform and API.
#4 Pieterjan Vanhoof, a Stratis blockchain developer. He has extensive experience as a Full Stack .NET Developer. At the beginning of 2013 he learned about the disruptive capabilities of Bitcoin and has been hooked on the possibilities of Blockchain Technology ever since. As an active contributor to the blockchain sphere, he has been responsible for tailoring solutions to specific clients’ needs, porting innovative developments between cryptocurrencies or redesigning user-facing applications among other things.
#5 Jeremy Bokobza, a Stratis blockchain developer. He is a top caliber software developer, with a thorough and extensive knowledge of .NET technologies and architecture as well as C# development. He has been involved in EAI (Enterprise Application Integration) with Microsoft BizTalk Server for more than 10 years, working with Microsoft Consulting Services in the Czech Republic and the U.K.
What Is Stratis Roadmap?
Stratis has set itself up to become the largest Blockchain-as-a-service (BaaS) Platform for decentralized services in the market. Stratis is making progress on its road map to support these services for years to come.
When it comes to cryptocurrency investment, I would suggest you read up the background of the project as well as their roadmap. Below is the most updated Stratis Development Roadmap 2017.
According to their recent updates, they are doubling their development team and have $17m in the bank.
Should I Buy and Invest In Stratis?
The correct answer depends on your objectives and risk tolerance.
Even though Stratis is one of few really quality projects and quality teams, you should diversify your investment because there are hundreds of competing cryptocurrencies striving to gain adoption in the approaching crypto age. It is always wise not to only invest in one cryptocurrency, but to diversify so your winnings can make up for your loses.
If your objectives are aligned with making money great again, and your risk tolerance allows, I would say that from a risk/reward basis that 5% of your investment should go to Stratis, 30% on Bitcoin, 40% on Ethereum and the rest across other altcoins.
The reason you should allocate a larger portion on Bitcoin rather than Stratis is that they’re even more useful as a store of value than as a means of payment.
You certainly don’t want to invest in something that is just there to speculate and don’t offer something different like technical improvements over another coin. However, Stratis has a good project team and a great road map. It is relatively safer to bet your money in Stratis.
How Can I Buy Stratis?
For most people in the U.S., Coinbase would be the easiest option to buy Bitcoin. After verifying your account, you can add a number of payment methods including credit or debit cards, U.S. bank accounts, or even wire transfers of funds.
If you are looking for some of the newer coins like Stratis that are making big movement but haven’t made their way to the aforementioned exchange sites, you can look into Poloniex or Bittrex. You can transfer Bitcoin or Ethereum to these platforms from Coinbase and then exchange it for any other digital currency that you want.
The reason I encourage my readers to buy BTC from Coinbase because you will get $10 free BTC once you trade your first $100 through Coinbase.
Coinbase is often recommended to newcomers as one of the easiest ways to acquire their first bitcoins. Their extensive banking partnerships allow transactions to be made via EFT payment, ACH / SWIFT / SEPA transfer and, as a recent introduction, major credit cards and PayPal.
If you’re wary of leaving substantial sums of fiat or crypto on an exchange, Coinbase is probably one of the more secure options.