Develop and Deploy Blockchain Applications Readily with Stratis  

A blockchain and distributed ledger offered a new way of storing and transferring information. Distribution of information amongst all users, no doubt enhanced security, but, what if someone wants to customize the platform for business purposes? The solution is Stratis, a platform offering enterprises to test, develop, and deploy blockchain-based applications.       

What is Stratis (STRAX)? 

With the focus on blockchain streamlining business processes, the Stratis blockchain platform was introduced to the crypto space. The powerful and flexible blockchain development platform is designed for real-world financial services, businesses, and organizations expecting a future in the field of blockchain. 

The platform was introduced by Chris Trew in 2016 and the new STRAX-based blockchain was launched in November 2020.  

The mission and vision of the platform mainly rely on five factors that are enterprise-grade, modularity, security, interoperability, and expertise. Stratis’s significant efforts resulted in ensuring that developers with non-technical backgrounds can pick up and become an expert in blockchain technology.    

The Stratis Ecosystem

Stratis platform offers a feature-rich ecosystem with a wide range of software development tools and kits allowing the development, testing, and deployment of blockchain-based applications. A few of the significant tools are shown below:

Smart Contracts in C#: The platform is mainly used for companies and individuals looking for a secure, transparent, and immutable platform for developing agreements. Additionally, the transfer of funds and issuance of cryptographic tokens and NFTs become easy.   

MasterNodes: Masternodes in the ecosystem are accountable for governing the InterFlux sidechain transparently, offering a high level of decentralization. Other functionalities include voting for projects and whitelisting new contract deployment. 

Decentralized Accelerator (SDA): SDA mitigates the challenges associated with the amount of time in project development, taking the project from an idea to a fully functioning product. .NET Core and .NET developers offer a familiar and secure environment to the developers.       

Wallets: STRAX wallet is a dual-purpose wallet that helps individuals make transactions as well as stake the tokens. Also, the wallet is supported by MaxOS, TAR, DEB, x86, and x64. The mobile wallet supports Android and iOS.      

Architecture and Features 

The Stratis platform platform is composed of several layers that help keep track of valid blocks in the blockchain. The Bitcoin core deals with all the available layers. 

Interface Layer: The interface layer acts as an API for the developers to use the interface and resolve the query for the state of the node. 

Infrastructure Layer: the layer is accountable for efficiently storing and verifying blocks and transactions. 

Node Policy Layer: Node Policy layer takes care of the restrictive rules to prevent Distributed Denial of Service (DDoS) in the Consensus layer.  

Consensus Layer: the respective layer is responsible for setting rules for the block validation or rejection. 

Network Layer: the layer is accountable for keeping track of the messages that are exchanged between full nodes and the entire process. 

Apart from the secure and effective infrastructure, the platform also possesses a few of the key features. Creation of distinct, Blockchain-as-a-Service (BaaS), LISK node provisioning, on-click deployment, fiat gateway integration, and private blockchains are the main features.   

The STRAX Token

STRAX token acts as fuel for the blockchain and is considered to be a value transfer vehicle and is leveraged on Smart Contract execution. The total and circulating supply of the token is 156,432,131 STRAX and is available on top crypto exchanges, including Binance, KuCoin, Gate.io, Bitget, BingX, Upbit, BitVenus, and Tokocrypto.   

• Registering an account on the crypto exchange is the first phase. Comparing the aforementioned exchanges will help in making the right choice. 
• Account verification and fund transfer is the next step. Email and photo ID helps in account verification whereas bank transfer, cards, or third-party payment apps will help in fund deposit. 
• Choosing a trading pair, entering the amount, and hitting the buy option help users in finalizing the purchase.  

The received tokens can further be transferred to wallets such as the STRAX wallet.     

Conclusion 

The Stratis blockchain platform was introduced to the crypto world to make it effortless for developers to develop, test, and deploy blockchain-based applications. Security, interoperability, and modularity made the blockchain a standout performer. STRAX, the utility token is used for staking, platform development, and application development. Also, the token is available on a few of the exchanges including Binance, KuCoin, Gate.io, Bitget, BingX, Upbit, BitVenus, and Tokocrypto.    

FAQs 

How to buy STRAX tokens on PayPal? 

US customers can purchase the token using PayPal. Other individuals can use the platform for making transactions, selling, or cash out. 

What is the circulating supply of the token?  

The token holds a total supply of 156,432,131 STRAX and a circulating supply of 156,432,131 STRAX. 

Why Stratis is unique? 

The platform was developed to help financial service providers and businesses to test, develop, and deploy blockchain-based applications.  Also, the multi-layer infrastructure and ecosystem enhanced the effectiveness and usability of the platform, mainly for business firms.   

Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.