Blockchain of the Future? STRAT Prediction 2018
STRAT, or Stratis, could be the future of complex blockchain applications. Based out of London, England, the company launched in 2016 primarily as a Blockchain-as-a-Service, or BaaS, but has since blossomed into a full-blown development network that competes with the bigger Ethereum, Lisk, or Neo systems.
Stratis was one of the first successful ICOs in the history of crypto, and because of this led to the eventual ICO platform back in May of 2018. Stratis looks to introduce a familiar programming language to achieve the same backbone blockchain as Ethereum. The BaaS is the foundation of how Stratis operates.
Can this model of cloud-based development tools and networks prove to be a worthy investment for years to come, or will it simply fade into the dust like other ICOs so commonly do?
The Basis of Stratis
If you’re unfamiliar with how blockchain works, the best way to understand is by spreadsheets. Rather, thinking about the information involved in creating them. For blockchain, think of a spreadsheet that has been recreated across thousands of computers along the same shared network. Now, take that same spreadsheet and update it every 20, or so, seconds. Essentially, it’s a big, constantly updated database of information, otherwise known as a ledger.
So, taking that definition to the next level, Strat’s responsibility is to create these ledgers for businesses or organizations. Stratis looks to make blockchain easy for the consumer. STRAT, as the company is known on the exchange markets, allows for the development of C# and .Net blockchain applications. This includes specific solutions tailored to parties who’re looking to build specific blockchain programs.
To put it in simpler terms, the company offers blockchain-as-a-service solutions. The currency that powers the platform was successfully funded during its initial IOC, as mentioned before, and because of this, paved the way for Stratis to create a new platform for development.
There Are Multiple Parts of the Strat Network
For starters, the Stratis platform is composed of different systems. The company has its own crypto token, which is used to fuel their own development platform. There is a full blockchain hosting environment, Cloud Stratis, as well as tools like Stratis Development Framework and nStratis, which both work to enhance the blockchain development.
STRAT, as it’s known on the market, is the power and security behind the Stratis blockchain. This new cryptocurrency token is used to pay fees on transactions. It also is openly traded on exchanges as a cryptocurrency and is one of the more secure and reliable tokens you’ll find today, as it’s based on the Bitcoin consensus algorithm. Ultimately, it’s a proof-of-stake crypto that contains limited emissions and low inflation stats, making it valuable across different investors worldwide.
As for the development platform itself, the Strat enterprise network offers full-service capabilities for designing, as well as management, of blockchain applications across C# on the .Net network. The .Net framework is Microsoft proprietary, making it a big industry. Why is that the case? Think about how many different PC’s across the world run Microsoft’s operating system. It’s a large chunk of the industry, over one billion machines run Windows, and the programming behind them is what makes Stratis unique.
Another part of the Stratis development package allows for testing of blockchain nodes. Due to the whole network being under the same Cloud Stratis platform, businesses and organizations can easily roll-out their blockchain-driven applications in the cloud. It may not sound like much, but not having to worry about maintaining the client or network themselves is crucial.
Predicting What Strat Will Become in 2018
Strat’s whole platform is built for the future, as computing and blockchain applications don’t seem to be going anywhere in the future.
This doesn’t mean success is guaranteed though. One of the hardest outcomes for any technology is sustaining its relevance well-beyond the start date. For Stratis, that was back in the later part of 2016 when the development company first launched. Even though the landscape has shifted dramatically since then, and the system has changed for the better, there are still ways Strat is staying relevant.
The Mobile Development Can Be a Gamechanger
For starters, the developer has recently announced a beta program for developing mobile-based blockchain applications. This would, in turn, mean that the same developers behind the blockchain programs made for Microsoft platforms would be available via mobile. With this, titled Stratis Identity, the company boasts the premise of sharing your blockchain ideas and identities across.
One of the best parts of this Stratis Blockchain Solution comes from integration. As we see with most programs or applications released, there is some sort of support for existing providers for social logins. The biggest ones are often Google, Microsoft, Apple, LinkedIn, and Facebook. With Stratis Identity, you can sign up using Google, Microsoft, and LinkedIn from the start, with more options on the way.
Of course, the product release wouldn’t be complete if it wasn’t for Apple devices, and the Stratis Identity application for iOS can be downloaded too. Using all mobile operating systems gives Stratis the edge in completing their goal of bringing simplicity to the adoption of blockchain. Streamlining how you verify identities and share them securely without compromising personal data.
This all is good for the company’s outlook, and hopefully when the program launches for other devices. The service is in open beta, and more information is available regarding the full release.
Breaking Down STRAT as a Cryptocurrency
As covered before, the basis of Stratis is the STRAT cryptocurrency. This token has a market cap of around $130 million, with a circulating supply of almost 100 million tokens. The most recent exchange rate had the coin at approximately $1.32 apiece. These numbers have been trending downward since June 2018, and because of this, many investors are starting to shy away from the token.
One of the harder challenges that STRAT faces is due to it being a Proof of Stake blockchain. This limits what miners can mine, and how much value can be drawn into the market, because they can only mine to a proportion of their current coin supply. Also, to take over the entire network, the mining pools must control over 51%, which helps keep the market and network stable.
This fact alone could be a defining factor in whether STRAT survives and performs over a long-term basis. Also, of note is that the currency steadily performs better than the US dollar, giving it a fiat currency to aim above.
How Microsoft Can Power STRAT to the Top
If it wasn’t already obvious, Stratis stems from the Microsoft architecture almost exclusively.
Back in May, the Stratis ICO Platform was released on Microsoft Azure. For the unfamiliar, Microsoft Azure is a Windows-based application based on cloud computing services. The design of Azure meshes well with what Stratis is trying to do and makes sense why the team favored Microsoft in this matter.
Using the global network of Microsoft-managed data centers, Azure gives Stratis access to development tools and services through the cloud-based network that other can’t match. Integration within the Microsoft ecosystem is crucial to the long-term success of STRAT. It provides the Stratis platform with greater visibility on projects and functionalities are easily showcased across a variety of devices this way.
Predicting What STRAT Can Do in 2018 Isn’t Easy
Of course, all of that said, there’s really no telling what might happen by the end of the year. It’s easy to see that the overall impressions of STRAT, as a cryptocurrency, are down currently. The trading value has decreased each of the past few months, and it’s hard to believe how low the market has fallen.
The good news, though, is that the coin continues to contain a concurrent base of its 98 million tokens. If this wasn’t the case, cause for alarm could be in order, as it’s always a good sign to have almost all shares of something snatched up all the time. Regardless of if you enjoy the Microsoft platform or not, they seem to be the key to just how high STRAT can rise on its own. The whole idea behind the Stratis platform is that all interfaces among ICOs on the network must comply with those set of rules. Simplicity is key, and Stratis does seem to understand that.
Of course, only time can really tell us what to expect for the future of STRAT, in 2018 or beyond, so we will have to wait and see. The future could have a positive outlook, though.