Stratis (STRAT) is a blockchain-based platform that provides simple and affordable end-to-end solutions for development, testing and deployment of native C# blockchain applications on the .NET framework. Stratis’s main focus is on the financial services industry, but the platform can be used for a variety of other applications as well.
Stratis is a blockchain development platform built on the Bitcoin protocol. It provides full node software, a wallet, and a blockchain explorer, and is designed to enable developers to create their own decentralized applications, or DAPPs, on the Stratis blockchain. Stratis also provides a suite of tools that simplify the process of creating, deploying, and managing blockchain-based applications.
Stratis has its own native token, STRAT, which is used to pay for transaction fees on the Stratis blockchain. It can also be used to purchase goods and services on the Stratis marketplace, and to stake in order to earn rewards. Stratis also has a partnership with Microsoft, which allows developers to deploy their applications on the Azure cloud.
The Stratis blockchain is powered by a consensus protocol called Tangle, which is based on the Directed Acyclic Graph (DAG) algorithm. This algorithm allows for faster transaction speeds and lower transaction fees than traditional blockchain protocols. Additionally, Stratis also features smart contracts, which are digital contracts that automatically execute when certain conditions are met.
Overall, Stratis is a promising blockchain platform with a wide range of applications. It has a strong focus on the financial services industry, but it can also be used for other applications. Stratis’s partnership with Microsoft and its native token, STRAT, provide additional benefits for developers and users alike.