PRESS RELEASE. January 7, 2021, London, United Kingdom – Stratis was created with a simple purpose – to provide businesses with blockchain as a service (BaaS) solutions designed to implement complex blockchain architecture in mainstream coding languages, used by everyday businesses outside of the crypto niche.

It does this through cloud solutions, support for building C # and .NET applications, as well as customization of tools through the open source protocol. The result of this? Stratis Unlocks the Power of Blockchain Technology for Mainstream Businesses and Unlocks the Mainstream Market for the Blockchain Industry – Two Powerful Combinations.

Businesses relying on the Stratis toolset will gain access to a less expensive and less complex blockchain building framework. Companies no longer need to purchase and operate their own full nodes, nor do they need to build a blockchain infrastructure from scratch – something that is a niche and a huge barrier to entry by installation costs for all but the largest companies. Additionally, companies requiring smart contract support will be happy to discover that Stratis supports virtual machines through Microsoft’s Azure cloud platform.

Stratis – Tailored with perfection

Stratis contains several core values ‚Äč‚Äčthat make it an optimal choice for blockchain operations – decentralization, privacy, scalability, usability, accessibility, reliability, security, and performance. To understand this better, Stratis blockchains run a number of cloud-based full nodes, so decentralization is assured. Privacy is guaranteed – cryptographic encryption keeps all transactions and communications private. Stratis is also keen to provide a customizable degree of scalability achieved through intuitive sidechain usage.

Businesses looking to harness the power of smart contracts should know that Stratis is the only platform that supports C # execution, so developers can efficiently code self-enforcement programs using their existing development tools and existing knowledge of a rich and versatile programming language. Stratis is also working to facilitate cross-chain communication between contracts running within the Stratis ecosystem and those deployed on the Ethereum blockchain, increasing their suitability for today’s interconnected world.

STRAX Swap on Binance

In September 2020, the team introduced STRAX, a more powerful protocol designed to seamlessly integrate into the platform’s existing business model. Previously minted STRAT tokens have been converted to STRAX tokens on a 1: 1 basis via Binance. After the shift, Stratis will introduce a range of other advanced features such as the STRAX SideChain, Stratis InterFlux, SegWit support, cold staking, the DeFi app library, IoT development tools and many others.

Because STRAX is based on the proof-of-stake consensus mechanism, network participants can receive token-based rewards in exchange for depositing their STRAX tokens. Stratis is well aware of the security risks of hot wallet storage, so the team decided to use cold staking for ideal token security.

2021 – The year for Stratis & BaaS

In the first quarter of 2021 Stratis launches the Unity Development Kit (which enables the integration of NFTs and decentralized identities within the gaming ecosystem), the DeFi Software Library (a catalog of C # standardized smart contracts), the Stratis DAO (a way to develop next-gen developments funding via votes), the Stratis system contracts (which introduce on-chain logic and simplify user-driven processes), and the token-supported mobile wallet (supporting tokens issued on the Cirrus Sidechain).

In Q2 2021, Stratis will launch the Python Development Kit (which allows Python coders to build on Stratis), the IoT Development Kit (intended to introduce Stratis solutions for IoT hardware), a new version of Proof-of-Stake (with improved security and additional features), Stratis Oracles (a distributed way to access off-chain data) and Dex Mobile Support (enabling mobile trading of SRC20 tokens).

In Q4 2021, Stratis will launch Ethereum Interoperability (known as InterFlux, this enables the use of wrapped STRAX tokens in the Ethereum chain), in addition to the STO & Digital Asset Platform (with the tools needed to manage token offerings) .

With so much happening last year, and so much on the horizon, 2021 looks like a promising year for Stratis. Click here to Find out more about how Stratis is changing the world blockchain by block.

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