Stratis (STRAT) is one of such coins in the digital market sphere that has shown signs of making impacts in the blockchain industry. It is no longer news that Ethereum launched to fill Bitcoin’s living loopholes after the latter suffered scalability issues.
Following the same trend, Stratis came into existence to salvage existing problems in the Ethereum platform.
The duo had been consistently placed at parallel lines with analysts purporting Ethereum’s triumph at the end. Sorry to disappoint this school of thought as Stratis keeps adding giant strides to its platform. It is barely two months after it launched its Academy. The Stratis Academy is a scholarly platform for those who wish to learn the basics of the blockchain technology.
Scaling through existing loopholes is one out of many reasons why technology keeps making massive break-ins in many sectors. The blockchain technology has come to stay and like a chick coming home to roost while cryptographic currencies are on its taillight.
Recently, Stratis in a developmental news announced the launch of its Alpha Version with the aim of increasing the efficiency of its blockchain. It should be recalled that Stratis had promised to replace the Ethereum blockchain in terms of scalability.
Its Alpha Version really actualizes the core aim of the blockchain and also meets the standard of the distributed ledger technology (DLT) – Decentralization. Stratis’ Alpha Version reduces the work-load on main blocks of its platform.
What we have here on the Alpha Version is a side-chain that allows creation of new blocks and codification of the .Net and C# frameworks.
Is There Need For Stratis (STRAT)?
Apparently yes! For the blockchain to have come this far and issues arising from different quarters, there’s need to look into these problems. It is ironical for Ethereum to propose solving blockchain issues and only added fire to the furnace.
You might perhaps be wondering what makes Stratis special. Isn’t it same as Ethereum? Won’t it fail as others did? These are pertinent questions that every keen blockchain enthusiast has to pose. The answers will solve a whole load of doubts.
There is actually need for a platform as Stratis. Stratis is bringing new features to the blockchain and what’s more? It will transform how transactions are carried out.
A New Face for the Blockchain
When it boasted of literally tossing Ethereum to the abyss of blockchain oblivion, many thought the project is a pipe dream. The perception is however changing. Stratis came up with what it termed Blockchain-as-a-service (BaaS).
You’ll agree that we have had many consensus algorithms such as Proof of Work (Bitcoin) and many others such as Proof of Authority and Proof of Stake.What Stratis is bringing to the table is worth more than what any of these might have offered in the past.
Stratis’ BaaS platform aims at improving developments of decentralized applications (DApps). Consistently, developers have complained of Ethereum’s slow pace, coupled with high transaction fees. Coming up with meaningful services such as DApps is as hard as a camel wishing to pass through the eye of a needle.
The coming of Stratis leveled all scalability mountains. Aside making the blockchain secured, Stratis concentrates on other key areas that will make the platform buoyant. The Blockchain-as-a-service (BaaS) platform can be applied in real-life business situations. With this, developers can create cloud-based DApps which will in turn release the pressure on the blockchain.
In the same vein, scalability issues have been surmounted. Thanks to its Alpha Version, Stratis allows users create side-chains.
What many blockchain users failed to understand was that the platforms scalability issues was because there were many blocks on the chain.
Stratis through its BaaS platform decentralizes and distributes blocks. The next time you start a transaction on its ecosystem; have in mind that you have created a new block that’ll function as the main block.
Stratis (STRAT) Partnering With Microsoft?
Rumors were rife that Stratis was attempting to extend its operations. One of such extensions was, its poise to partner with Microsoft. The plan seems to be true and subsequent indications proved rumor to be true.
The rumor was confirmed when Stratis was added to Microsoft’s Azure Cloud service. Perhaps, this partnership might open the flood gates to blockchain’s adoptions in reality. Top on expected achievements of this partnership is empowerment of DApps creation by interested persons and companies.
Bottom Line – Marketability
Stratis leaves no doubt to its amazing prospects for the blockchain industry. Like a professional con artist that knows his onion, Stratis has succeeded in winning the trust of many as it replicated with seeming partnerships with Microsoft.
Its market size will certainly be greater than Ethereum’s. Backed by impressive frameworks such as .Net and C#, it is only a matter of time before it entirely takes over from Ethereum and other competing blockchains. To have made wide marks in CoinMarketCap, Stratis is indeed a great project to look out for.