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Stratis (STRAX) is a blockchain-as-a-service (BaaS) platform that lets developers build their own protected blockchains using the popular .NET framework and C# programming language. 

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Microsoft’s .NET framework and the C# programming language, an integral part of it, are among the most popular tools in the software development world. Stratis (STRAX) is a blockchain development platform that leverages these tools to enable organizations to create and customize their own fully functional sidechains. As the business world increasingly adopts blockchain technology, platforms like Stratis are becoming instrumental in enabling this growth.

) platform that lets developers build their own protected blockchains

. The custom, protected blockchains built using the Stratis development framework operate as sidechains, with the Stratis chain providing the core operational and security mechanism.

Stratis leverages both Microsoft’s .NET development framework and the C# programming language. Using C#, blockchain developers can easily write 

 code on Stratis-based sidechains. Thanks to the popularity and prolific use of these technologies in the development world, Stratis creates the opportunity for wider adoption of blockchain technology by businesses.

Stratis is best known in the blockchain world for its BaaS-based sidechain development tools. However, Stratis also operates as a blockchain consultancy firm, offering businesses a variety of other decentralized cloud-based products. In most cases, these products leverage Stratis’s core network but are designed for business clients who don’t need (or prefer not to launch) their own full-scale sidechain networks.

Stratis’s development tools and consultancy services make it one of the most versatile business-oriented blockchain platforms in the crypto industry.

The Stratis blockchain platform has adopted many of 

’s architectural features, including the 

 transaction model, one of two major account models used in modern blockchains (the other one being the account-based model employed by Ethereum). UTXO has a number of advantages over the account-based system, of which the security of transactions is probably the major one. Since Stratis positions itself as a platform for corporate use, the security for blockchain transactions is an important consideration.

However, unlike Bitcoin, the Stratis core chain uses proof of stake (

) transaction validation, which has the benefit of being faster and more energy-efficient than Bitcoin’s proof of work (

) consensus mechanism. At the same time, custom-developed sidechains linked to the Stratis chain aren’t limited to PoS validation. For example, the main sidechain of Stratis, the Cirrus sidechain developed by the project’s own team, uses proof of authority (

Full nodes on the Stratis platform are the key pillars maintaining network consensus and operations. A full network node on Stratis is written using the .NET framework in C#, in line with the project’s focus on supporting these technologies. Full nodes process and validate transaction blocks on the main Stratis chain. They may also be used in the block validation process on sidechains linked to Stratis.

Stratis’s full nodes are incredibly versatile, as they can support three different validation models: PoS, PoW and PoA. If PoW validation is enabled on a Stratis full node, that node can even participate in mining blocks on the Bitcoin blockchain.

The Stratis platform can be used to develop smart contract–capable sidechains. By design, the main Stratis chain doesn’t support smart contracts, which helps ensure the security of the overall ecosystem. Smart contracts — again, written in the C# programming language — can be integrated into custom-built sidechains on the platform. For instance, the Cirrus sidechain (mentioned above) is a smart contract–capable network.

Stratis sidechains are connected to the main Stratis chain using the 

 interoperability protocol. The Cirrus chain is the first sidechain linked to the Stratis blockchain, and serves as the primary showcase platform to demonstrate the overall functioning of the entire ecosystem.

Users who need to enable smart contract operations and pay for gas fees can deposit STRAX to the Cirrus sidechain and receive CRS in return. We’ll cover the STRAX coin in a later section.

Masternodes are another type of node used within the Stratis ecosystem. While full nodes are primarily used to secure the main chain of the platform, Masternodes’ key function is to validate transaction blocks on the Cirrus sidechain. Any user can become a Stratis Masternode by depositing 100,000 STRAX and paying a joining fee of 500 CRS.

Although Masternodes’ key functionality is to process blocks on the sidechain, they also receive half of the amount from the validation rewards on the Stratis chain. In addition to paying the deposit, Masternodes need to ensure that they maintain their online presence as much as possible to help process transactions. Only active Masternodes receive block validation rewards of 9 STRAX, generated every 45 seconds per block. Masternodes can also stake their STRAX deposits on the main chain to earn additional rewards.

Stratis offers several custom blockchain applications to businesses that don’t need (or want to develop) their own full sidechains.

This is a decentralized identity management product for user authorization and authentication. Companies can use Stratis Identity to ensure that their access management and control are based on a secure, decentralized storage platform.

The aptly named Distributed Ledger is Stratis’s decentralized database solution. By using the Stratis Distributed Ledger, organizations can store, access and update their databases in a secure, trustless and decentralized mode. This provides the benefits of blockchain-based cryptographic security, data immutability and protection from hacker attacks on centralized corporate systems.

Stratis STO (Security Token Offering) Platform is a solution for the issuance and comprehensive management of security crypto tokens. Security tokens provide their holders with a stake in a new crypto project, similar to ownership shares in IPOs conducted in the stock market. Startups and other businesses can use the STO Platform to raise early capital for their crypto initiatives.

This is a decentralized solution from Stratis to help businesses set up goods-tracking and payment processing along their supply chains, without having to develop a full-scale supply chain management system.

Stratis Unity 3D SDK and Unreal Engine SDK

Unity and Unreal are two popular development engines used by programmers to create sophisticated, visually rich games for a variety of platforms, including on blockchains. Stratis offers two SDK (software development kit) products — Unity 3D SDK and Unreal Engine SDK — for game programmers specializing in the respective engines. Using these SDKs, programmers can create blockchain-based games and integrate features like NFTs and fungible tokens into their gaming environments.

, a process used to validate transaction blocks on its network. Stakers need to lock their STRAX funds on the platform in order to participate in staking, for which they earn block rewards. Stratis uses the standard staking model — the more STRAX you lock on the platform, the higher your chance of receiving the next block of transactions to validate.

A distinct feature of Stratis’s staking is so-called “cold staking,” whereby validators can process transaction blocks while having their staked STRAX held in cold storage (i.e., in a wallet that’s disconnected from the internet). This adds a higher degree of security to the staking process.

In order to participate in staking, you’ll need to use the STRAX Wallet, which can be configured for the cold staking mode mentioned above.

Stratis also offers another wallet within its ecosystem — Cirrus Core — which is used to store, send and receive tokens issued on the Cirrus sidechain.

The STRAX coin’s core function on the Stratis platform is to help validate transaction blocks via staking. Block rewards are paid in STRAX. Masternodes also need to use STRAX as a deposit when joining the platform.

The STRAX coin also has some governance functionality. For instance, in a recent announcement, the Stratis team outlined 

, a platform designed to make Stratis interoperable with Ethereum. Part of the StratisEVM is a new STRAT coin. Holders of STRAX have been encouraged to vote on the new coin’s tokenomics.

As of Nov 1, 2023, STRAX is trading at $0.94, a 95.79% drop from its ATH of $22.77 registered on Jan 8, 2018, and over an 8,000% increase from its all-time low of $0.011 on Aug 12, 2016.

STRAX’s price outlook is bullish, particularly in the long term. DigitalCoinPrice 

 at $3.47 by 2025 and $10.02 by 2030. PricePrediction, meanwhile, 

 in the short term, estimating STRAX will reach $1.43 by 2025 but anticipating a substantial surge to $9.29 by 2030.

When it comes to investment potential, STRAX has several factors that work in its favor:

1. Long-term price predictions for the coin are all strongly bullish.

2. STRAX’s recent market performance also supports optimism toward the coin, its price appreciating in tandem with Bitcoin (BTC) and recording an estimated growth of over 100% within the past year.

3. Stratis is a unique project that opens blockchain and smart contract development opportunities to the vast army of .NET and C# programmers.

4. As a wider platform, Stratis maintains a strong focus on corporate blockchain solutions, an area that’s ripe for growth.

Naturally, crypto investors shouldn’t treat this assessment as financial advice, and are encouraged to further explore the coin’s potential as part of their comprehensive decision-making processes.

. If you don’t yet have an account on Bybit, 

 is quick and easy. When you open your Bybit account, you’ll receive access to STRAX and hundreds of other crypto assets in both the Spot and Derivatives markets.

The corporate world is moving toward broader adoption of blockchain technology, and Stratis only stands to benefit from this development. Businesses serious about blockchain will find a diverse choice of solutions on the platform, from smart contract–capable sidechains to various ready-made blockchain products.

Stratis is also deeply committed to easing the point of entry for the mainstream developer community. The ability to create sidechains written in the popular .NET framework and C# language opens up opportunities for a more extensive base of programmers to participate in blockchain development.

With a strong focus on applied business solutions, a developer-first mentality and a network that features great security features, such as the UTXO model and cold staking, the sky’s the limit for the Stratis team and their platform.

Stratis (STRAX): Custom Blockchains Made Easy

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