The Stratis Coin, also called STRAT, is the crypto currency of the Stratis platform, which wants to become the blockchain for companies. Companies should be able to build private blockchains based on Stratis and develop and use their own programs using simple programming languages.
Stratis Coin – What is this Bitcoin code?
The Stratis crypto currency is primarily used to maintain the Bitcoin code network. Besides, the coin can also be used to pay transaction fees or to be stored as an asset. The coin can also be sent as a token to transfer values between participants in the network. Stratis uses the proof-of-stake process to verify transactions and add new blocks to the Bitcoin code blockchain. Proof-of-stake is the process by which a consensus is established between different endpoints over a peer-to-peer network to verify transactions and add them to the database. In return, the users “stack” coins on their Stratis Wallet. By chance they get the chance to get a few coins as a reward. The more coins there are on the wallet, the higher is the chance that you will get some paid out. The yield should be between 1 and 4 % per year.
The main focus of the development lies on the Bitcoin profit
Within a short time it should be possible to create and use own, private blockchains based on the Stratis blockchain. These can be stored on the blockchain of Stra/tis. The aim of STRAT’s development is to make blockchain technology more accessible not only to large companies, but also to medium-sized and small companies and to deliver a wide range of applications. Possible areas of application include database management, the Internet of Things or verification.