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What is Stratis and how does it work?

Stratis allows companies to create their custom blockchain applications with the features they require, making the development process simpler and accelerating the development lifecycle for blockchain projects.

What is Stratis blockchain?

Stratis is a Blockchain-as-a-service (BaaS) Platform, created to provide solutions for corporations in the financial sector that want to enjoy the benefits of Blockchain technology. A blockchain is a distributed database that maintains a continuously growing list of ordered records called blocks.

Who are Stratis’s main competitors?

The competition for Stratis exists in Ethereum, Ark, Lisk, and Rise. Lisk is arguably the biggest direct competitor to Stratis in offering sidechains. However, unlike Stratis, Lisk is written in JavaScript. The blockchains are also public and use the delegated Proof-of-Stake (DPOS).

Is Stratis a cryptocurrency?

As mentioned, Stratis isn’t actually a cryptocurrency; however, it does have its own crypto coin attached to it. This BaaS platform hosts blockchains by running on the network via the cloud.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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