Stratis [New] STRAX Price

What is Stratis [New] (STRAX)?

Stratis [New] (STRAX) is a blockchain platform designed to facilitate the development and deployment of decentralized applications (dApps) and smart contracts. Initially launched as Stratis in 2016, the platform underwent a significant upgrade in 2021, rebranding to Stratis [New] and transitioning to a more adaptive and robust ecosystem. STRAX serves as the native cryptocurrency of the Stratis platform, enabling transactions, powering smart contracts, and incentivizing developers. The platform supports C# and .NET, making it particularly appealing for developers familiar with Microsoft technologies, and aims to simplify blockchain integration for businesses.

Who are the Founders of Stratis [New]?

Stratis was founded by Chris Trew, who has a background in software development and entrepreneurship. Trew envisioned Stratis as a solution to bridge the gap between traditional enterprises and blockchain technology, focusing on delivering user-friendly tools and services. The team behind Stratis includes a diverse group of professionals with expertise in blockchain, software development, and business strategy, contributing to the platform’s continuous evolution and innovation.

How does Stratis [New] Work?

Stratis [New] operates on a unique architecture that leverages sidechains, allowing developers to create and manage their own blockchains while benefiting from the security of the main Stratis chain. This modular approach enables enhanced scalability and flexibility, accommodating various business needs. The platform uses a Proof of Stake (PoS) consensus mechanism, which promotes energy efficiency and decentralization. Developers can write smart contracts using C# and the .NET framework, streamlining the process for those already familiar with these technologies. Additionally, Stratis offers tools like the Stratis Smart Contract Platform and Stratis Identity, further facilitating the development of secure and compliant dApps.

Top Use Cases of Stratis [New]

Stratis [New] has several prominent use cases:

• Enterprise Blockchain Solutions: Stratis allows businesses to create tailored blockchain solutions that meet specific operational needs, such as supply chain management and identity verification.
• Tokenization: Companies can tokenize assets, allowing for fractional ownership and improved liquidity. This is particularly useful in real estate, art, and other high-value assets.
• Decentralized Finance (DeFi): Stratis enables the development of DeFi applications, allowing users to lend, borrow, and trade assets in a decentralized manner.
• Gaming and NFTs: The platform supports the creation of blockchain-based games and non-fungible tokens (NFTs), providing creators with tools to build and monetize their projects.
• Identity Management: Stratis Identity enables secure and efficient identity verification processes, enhancing security and user privacy in various applications.

How to Keep your Stratis [New] Safe?

To ensure the safety of your Stratis [New] (STRAX), consider the following best practices:

• Use Hardware Wallets: Store your STRAX in hardware wallets like Ledger or Trezor, which provide offline storage and protect against hacking.
• Enable Two-Factor Authentication (2FA): Use 2FA on any exchange or wallet service to add an extra layer of security to your accounts.
• Keep Software Updated: Regularly update your wallets and any software related to Stratis to protect against vulnerabilities.
• Avoid Phishing Scams: Be cautious of unsolicited communications and only access wallets and exchanges through official websites.
• Backup Your Wallet: Regularly back up your wallet information and recovery phrases in a secure location.