Stratis (STRAT) has seen a massive rise in recent months off its lows just over a penny to recent highs over $10 a coin. Currently on the rise again after a brief dip to just over $3 a coin STRAT is moving up fast as the coin begins to attract mainstream investor attention.
Trading volume on STRAT has skyrocketed over the past few months from several dollars a day to easily topping $15 million dollars in daily trade volume.
Stratis (STRAT) is a blockchain platform launched in August 2016. It permits developers and enterprises to test and deploy Blockchain-based applications, equipping programmers with a Blockchain building interface using C# and the Microsoft.NET Framework. The cryptocurrency of the same name started life as a proof-of-stake token (using the X13 range of hashing algorithms), but it became a pure proof-of-stake coin at block 12,500. Stratis’ initial wallet was a standard Qt-based application forked from Blackcoin, but the project also develops a custom, privacy-oriented wallet (called Breeze) which uses TumbleBit, payment hub that allows parties to make fast, anonymous, off-blockchain payments through an entrusted intermediary called the Tumbler. Initial announcement.
STRAT aim is to be be the one-stop shop for all things blockchain, essentially becoming a Blockchain As A Service (BAAS) platform. They recently got the highest level support from companies like Microsoft. Stratis has made itself indispensable to developers as it gives them the ability to code in C# which opens up a ton of possibilities for app and other developers. Technology wise, STRAT is a clone of Bitcoin’s core code, with a few enhanced features and written in C# language instead of C++.
Stratis initially raised $600,000 USD via a Bitcoin crowdfund and said they would use the funds to create the first blockchain development platform that ‘businesses can actually use’. Blockchain is a system for storing and updating information of almost any kind that has significant implications and future uses for a wide range of organisations from financial services to retail and governmentt.
Stratis (STRAT) was developed by Chris Trew who is currently CEO. He is a consultant, architect, and technologist with over ten years of experience in enterprise IT. Also on the Stratis team are Nicolas Dorier who developed the Bitcoin core for Stratis in C# language, Dan Gershony, Jeremy Bokobza and Pieterjan Vanhoof.
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Chris Trew, Founder, Stratis recently stated “We looked at what the barriers were for businesses and then looked at how we could address those. Primarily the key factors are cost followed by security concerns and lack of developers all of which we set out to tackle through Stratis”
Earlier this year the Stratis team released the highly anticipated alpha version of the Breeze Wallet on the BTC testnet. Breeze Wallet is a proof of concept on the utilization of C# / .Net programming languages into cryptocurrencies, combined with the Stratis Platform capabilities.
The Breeze wallet is the first full SPV Wallet written in C#. This initial version will allow to execute test transactions with Bitcoin (BTC) on the BTC testnet. From this alpha-release the development team expects to gather information about the user experience, and potential issues and bugs in the Breeze Wallet. These would then be addressed before offering a stable, ready for production version.
Currently trading at a $859,842,013 total market valuation Stratis has an available supply of 98,497,749 STRAT. Stratis early price movement was helped along by the Poloniex platform which is the go-to place to trade STRAT. Bittrex is also bringing in a significant amount of trade volume. STRAT is currently running up the charts back towards its recent all time highs on significant daily trade volume which regularly tops $15 million USD.