Stratis Price

Stratis (STRAX) is a blockchain platform cryptocurrency ranked 438 in the market with a current price of $0.04621. It focuses on enterprise blockchain solutions, offering a flexible platform for businesses to develop and deploy blockchain applications. Stratis utilizes a hybrid consensus mechanism combining Proof-of-Authority (PoA) and Proof-of-Stake (PoS), making it energy-efficient while maintaining security. The platform supports smart contracts, DeFi applications, sidechains, and enterprise solutions. Key features include: • Enterprise-focused blockchain development • Smart contract functionality • Staking capabilities • DAO governance structure • Sidechain technology With a market cap of $91.52M and 24-hour trading volume of $246.99K, Stratis has shown +6.86% price movement in the last 24 hours. The current circulating supply is 1.98B STRAX out of a total supply of 2.05B STRAX. Originally launched in August 2016, Stratis has evolved to become a comprehensive blockchain platform catering to both enterprise and decentralized applications.

Stratis was created on August 12, 2016. Originally launched as Stratis (STRAT), it underwent a token swap in October 2020 to become STRAX, representing a significant upgrade to the blockchain platform. This transition marked an evolution in the project's architecture while maintaining its core focus on providing blockchain solutions for enterprises. Since its creation, Stratis has developed into a platform supporting various functionalities including smart contracts, DeFi applications, sidechains, and enterprise solutions.

Stratis was founded by Chris Trew, who serves as the CEO and lead architect of the project. He established the platform in 2016 with a vision to provide blockchain solutions for enterprises. The project began as Stratis Platform and later rebranded to Stratis in 2020 with an upgraded blockchain architecture. Chris Trew has extensive experience in enterprise IT and financial services, which he leveraged to create a blockchain platform specifically designed to meet the needs of businesses and organizations. Under his leadership, Stratis has developed into a comprehensive blockchain-as-a-service platform offering smart contracts, sidechains, and enterprise solutions.

Stratis operates on a hybrid consensus mechanism combining Proof-of-Authority (PoA) and Proof-of-Stake (PoS). As a blockchain platform, STRAX enables the development of enterprise-grade decentralized applications through its C# and .NET-compatible smart contract architecture. The network utilizes sidechains to enhance scalability while maintaining security on the main chain. STRAX supports various DeFi functionalities including staking, where token holders can participate in network validation and earn rewards. With a current price of $0.04621 and market cap of $91.52M, STRAX facilitates enterprise blockchain solutions, masternodes, and DAO governance. The platform's architecture allows businesses to create private blockchains that can interact with the public STRAX network, making it particularly suitable for enterprise adoption while maintaining the benefits of decentralization.

Stratis operates on a hybrid architecture combining Proof-of-Authority (PoA) and Proof-of-Stake (PoS) consensus mechanisms. The platform is built on a C# blockchain framework with a focus on enterprise solutions. Its technical structure includes: 1. Sidechains: Allows businesses to create customizable private blockchains that connect to the main STRAX chain 2. Smart Contracts: Supports C# smart contracts, making development accessible for enterprise developers 3. Stratis Identity: A decentralized identity management system 4. InterFlux: Cross-chain functionality enabling interoperability with other blockchains 5. Stratis DeFi: Infrastructure for decentralized finance applications The architecture prioritizes scalability through its sidechain implementation while maintaining security through its consensus mechanisms. The platform also features a DAO governance structure, allowing stakeholders to participate in network decisions. This technical design makes Stratis particularly suitable for enterprise blockchain applications.

Stratis has an ambitious roadmap focused on blockchain interoperability and enterprise adoption. The project is developing its Stratis InterFlux technology to enable cross-chain transactions and DeFi capabilities. By 2025, STRAX aims to expand its enterprise solutions with improved smart contracts and sidechains for businesses. Key upcoming milestones include enhancing the DAO governance system, scaling the masternode infrastructure, and launching new DeFi products. The team is also working on improving staking rewards and implementing more PoA consensus mechanisms for enterprise clients. With a current market cap of $91.52M and growing at +6.86% in the last 24 hours, STRAX is positioning itself as a versatile blockchain platform for both corporate and retail applications. The project's focus on enterprise blockchain solutions and interoperability could potentially drive significant adoption by 2030.