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Coins to Invest In 2018: Stratis (STRAT) and Its Sidechains

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Stratis
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Although Stratis has received some criticism from the users in the past few months, the features of the crypto coin are worth investing in it. In fact, the development team recently issued a statement saying that they are currently focusing on the marketing aspect signals that the coin is preparing for future.

Stratis was initially designed as Blockchain-as-a-service platform (Baas) and its objective was to provide logical solutions to companies and institutions that want to benefit from blockchain technology. They can customize the blockchain applications by adding new features. The private blockchains or sidechains customized by the clients have a secured backing of the main Stratis blockchain.

APIs and lite clients are the ways to access these distinct sidechains. This means that there are no such complications and costs in developing and maintaining network infrastructure for the private blockchain applications. Furthermore, the developers can also add advantageous features from blockchains like Ethereum and Waves to the captive sidechains.

Stratis ICO

During the ICO phase of Stratis, the company had raised 915 Bitcoin whose value currently is near around $675 thousand. After the launch of the Stratis tokens (STRAT), they have shown a massive growth on the price charts (705%). At the beginning of the ICO, the investors in Stratis had enjoyed a bonus of 20%. Statistics say that approximately 98 million coins were distributed after the ICO phase. 85.7% of the STRAT were distributed among the ICO investors and the rest remained with the core team for development in future.

Sidechains and Smart Contracts

Sidechain is the best feature of Stratis blockchain undoubtedly. It is noteworthy that Bitcoin’s attempt to implement sidechains was a complete failure. Ethereum, in this case, is one step ahead of Bitcoin and offers smart contracts to build multiple applications on the main blockchain. But, Stratis was the ‘first’ to offer sidechains or private blockchains to their clients. This allows the clients the flexibility and independence to develop their blockchain as per their requirement. This is just one reason to invest in the crypto coin.

Stratis Platform

Stratis is associated with the Stratum platform and the link is required for developing and fuelling the sidechains. This way the captive blockchains or sidechains are compatible with the transfers between the two chains. As Stratis was created with the popular language C#, a large number of people belonging to the software industry can build a wide variety of secure applications using the Stratis blockchain. One big problem faced by Ethereum was Solidity. It is complex and a comparatively new language and not every developer has the knowledge. Therefore, the companies seeking the Ethereum blockchain did not always have the independence to add new features to the applications on their own.

Breeze Wallet and Masternodes

Breeze Wallet will prove to be a game changer for Stratis (after the criticism), as it the first wallet that has a built-in Tumblebit. After the launch of Breeze Wallet, it has become more fruitful to run a Stratis masternode according to the cryptocurrency developers. This is mainly due to the presence of Tumblebit. A masternode requires at least 250,000 Stratis coins to operate. This is one reason for the people having large volumes of Stratis coins to store their coins. Therefore, as more and more Stratis coins are occupied in the masternodes, the price of Stratis coins will automatically increase and the demand will also increase in future.

Stratis Market

Since its launch in the cryptocurrency market, the price of Stratis was below $1. In May 2017 there was a sudden rise, past $10. However, the price had fallen back to $2.41 later. Last week, the price of Stratis had traded up to 6.2%. The price of Stratis as of 6th March 2018 is approximately $7.62. It seems that Stratis is slowly but steadily moving forward.

https://coinmarketcap.com/currencies/stratis/

Stratis focuses more on the blockchain technology and its application in the corporate industry. Studying the experiences of the Bitcoin blockchain and Ethereum blockchain, Stratis developers have been giving shape to their blockchain. Thereby, the concept of sidechain and complete independence to their clients. Thus, the features of Stratis are worth following its movements in future.

We will be updating our subscribers as soon as we know more. For the latest updates on STRAT, sign up below!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency.

Image courtesy of tradingacademy.com

Altcoins

Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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Altcoins

KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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