Review on Stratis by francis fernandez
STRATIS: a tool to optimize organizational processes through a chain of blocks
STRATIS, whose currency has the acronym STRAT, is a platform that serves as a tool for those organizations that seek to implement and optimize business processes through the use of blockchain technology.
In this sense, the network provides blockchain services to interested companies to provide less complex solutions based on trust, security, scalability and compatibility and reducing costs for the purchase or rental of node system servers.
Technology:
STRATIS is an open source blockchain capable of running on its own chain that allows it to host other private chains on its main chain (sidechains) without affecting its own performance. It also uses Cloud-Hosting technology to safeguard information in its cloud.
Due to the use of frameworkNET and the BaaS system owned by Microsoft, it is possible to create blockchain applications of any organization in the STRATIS network and connect them to mobile devices through an accessible interface.
This network also uses the C # programming code and a software fork known as SegWit to execute smart contracts of the Bitcoin chain, to optimize the functions within the network and establish the parameters within a negotiation or bet with total fairness and transparency.
The digital asset has application programming interfaces that allow interaction with external data sources, graphics processors, hard drives and other chains.
Mining - Consensus Mechanism:
STRATIS uses the POS (proof of stake) algorithm in order to reduce energy consumption while simultaneously lowering costs and reducing the transaction validation procedure.
Utility:
STRATIS's main function is to offer a blockchain service to any company for the optimal performance of its corporate and technological processes, in addition to providing solutions in terms of identity protection and to validate the origin of the supply chain, services and information.
Pros
- Allows you to create secondary blockchains on their main chain and mobile applications.
- Allows organizations to simplify business operations.
- Provides a useful tool for developers
Cons
- Their cryptocurrency does not work as a payment mechanism in banks or web pages.
