coin.price_trendingSTRAX

What Is Stratis (STRAX)?

Stratis is a fantastic blockchain development platform that is tailored to fit the specific needs of Microsoft developers who are looking to create blockchain solutions for various businesses and organizations. The platform is decentralized, secure, and highly energy-efficient, which makes it a great choice for deploying blockchain projects.

How Does Stratis Work?

Stratis is built on top of the Bitcoin blockchain infrastructure, and it utilizes a proof-of-stake mechanism to generate blocks, which results in a low carbon footprint due to its energy-efficient block production. The platform is also committed to training the next generation of blockchain developers worldwide, which will help them prepare for the growing demand for blockchain projects in different industries.

What Makes Stratis Unique?

As per its Whitepaper , Stratis boasts a significant feature in its blockchain-as-a-service (BaaS). This service offers customizable distributed ledgers to meet the unique needs of organizations, utilizing cloud computing with blockchain technology. With BaaS, developers are able to evaluate and deploy their blockchain-based applications in the cloud without the added burden of network maintenance. Stratis also offers a one-click deployment feature, which effortlessly launches private blockchains for organizations using the cloud service. This streamlined process allows for improved speed and customized blockchain needs to be met with ease.

How Is the Stratis Network Secured?

The Stratis Network is secured through a Proof of Stake (PoS) consensus protocol. Nodes are required to stake STRAX in order to participate in the block validation process. The more STRAX staked, the greater the chance of being able to create a block. This makes the network more secure because users who stake more STRAX are less likely to want to manipulate the network, as they risk losing their stake or causing the value of their stake to plummet. For a transaction to be added to the blockchain, a majority of nodes must agree that it is accurate.

Stratis has introduced new security-enhancing features with the launch of its STRAX-based blockchain. These include the ability to "cold-stake" - stake STRAX through an offline, cold wallet - which will increase network security by enabling more users to participate in the consensus process. Segregated Witness (SegWit) has also been activated, which will increase transaction security because transaction IDs are no longer malleable.

Although Stratis is a private company, its blockchain's codebase is open source, making it available for community audit.

What Is The All-time High For Stratis (STRAX)?

The highest recorded price for Stratis (STRAX) was $22.77, which occurred on Aug 12, 2016.

What Is The Price Prediction Of Stratis?

The latest Stratis price prediction suggests that the value of Stratis is expected to increase by 220.38%, reaching as high as $2.66 by the end of 2025.