Stratis is an open source blockchain that is designed to be customized by individual businesses. The Stratis token (STRAT) is the native asset of the Stratis blockchain and is intended to transfer value on the network.
The stratis blockchain was forked from the bitcoin blockchain and is a C# implementation of it. Nonetheless, its technical features differ from those of bitcoin in several ways.
How does Stratis work?
In addition to offering the ability to create private chains, Stratis offers customizable smart contracts and decentralized applications (dapps) that are built on the ethereum blockchain. Stratis also provides a free initial coin offering (ICO) platform for businesses.
Launch and Issuance
Stratis was founded in 2016 by Chris Trew and raised $600,000 through an initial coin offering (ICO) that concluded in July 2016.
Monetary Policy and Crypto-Economics
The total supply of STRAT is capped at 98,000,000 whereas bitcoin’s supply is capped at 21,000,000; stratis’ block time is one minute whereas bitcoin’s block time is 10 minutes; and stratis’ block reward is one STRAT, while bitcoin’s is 50 BTC.
While bitcoin utilizes only a proof-of-work algorithm, stratis utilizes a hybrid proof-of-work/proof-of-stake consensus algorithm.
Stratis is written in C# and operated within Microsoft’s .NET software framework.