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Stratis Could Be The Next Cryptocurrency To Make A Big Impact

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Cryptocurrency has recently become a hotly debated subject as its popularity rises, especially with the rapid surge of cryptocurrencies such as Bitcoin and Ethereum. However, there are new players that are showing a lot of promise. One of them is Stratis.

Research also shows that most of the investors who have invested in the major ones such as bitcoin have also invested in other cryptocurrencies. This is because the top ten cryptocurrencies have all been increasing in value. Investors are therefore eager to find new investment opportunities to diversify their digital currency portfolio and Stratis is currently believed to be one of the best upcoming cryptocurrencies to buy right now.

Why Stratis might be a good consideration

The past two or three weeks have been characterized by significant jumps in the value of bitcoin. In fact, its value has risen so much that key people in the industry have warned about the high volatility of bitcoin. The cryptocurrency was characterized by massive surges about a week ago with prices going from below $7,000 to more than $11,000, then declining back to $9,000. However, the price went back up above $15,000.

This kind of volatility is one good reason for investors to look into another cryptocurrency that shows a lot of promise. Ethereum would be a good alternative but it has also been having its fair share of problems such as the lack of adequate security which led to the DAO hack. However, Stratis employs a secure network and its pricing has also exhibited growing strength.

Price stability

The main reason why cryptocurrencies came about is to facilitate easier monetary transactions on the internet. For this reason, it is important that a digital currency is stable just as the same case applies to regular legal tender. This is especially important for those transacting regularly via the internet. A rapid depreciation in value for example for Bitcoin could lead to a significant loss of revenue.The value of Stratis has been relatively stable especially compared to its more popular counterparts with the prices being pushed down when the value goes up too high. The price has, for the most part, remained below $10.

The programming language

The programming language used to create a cryptocurrency plays a significant role. Ethereum requires a complex coding language and this has been one of its biggest downsides. Fortunately, Stratis is written in C# which is a programming language that is popular.

Sidechains or smart contract

Most cryptocurrencies such as Bitcoin have a lot of limitations when it comes to sidechains. The latter refers to a mechanism that makes it possible for tokens to be securely taken from one blockchain, used in a different blockchain and then returned to the initial chain. This is especially tricky when it comes to the coding. Customers want a solution that ensures the safety of their tokens and Stratis particularly shines in handling sidechains.

New generation digital currencies

While cryptocurrencies are relatively still in their early stages, the newer cryptocurrencies such as Stratus have more comprehensive features that make them more attractive compared to their older counterparts.

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

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.

Image courtesy of Jim Makos via Flickr

Altcoins

Unifi Farms Beta Launches on Unifi Protocol to Pioneer No-Stake Farming

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Singapore, Singapore, 26th February, 2021, // ChainWire //

Unifi Farms Beta Launches on Unifi Protocol to Pioneer No-Stake Farming

Unifi Protocol announces the launch of Unifi Farms. The most revolutionary part of Unifi Farms is there is no staking of the liquidity token required. The public beta launch of Unifi Farms V1 will take place on not one, not two, but six different blockchains at once. 

Unifi is proud to announce the upcoming public beta launch of Unifi Farms V1 on Binance Smart Chain!

Unifi Protocol is not a clone of other DeFi projects, which has led to some very unique innovations.  Unifi Farms will continue this tradition of shattering expectations and introducing features on Unifi Farms not being offered anywhere else in DeFi!   

Unifi Farms will have several advantages over old-fashioned DeFi farms.  The one that will likely be the most revolutionary with Unifi Farms is there is no staking of the liquidity token required! Welcome to the world of true auto-farming on Unifi, where we refer to it as No-Stake Farming.

Why is farming without staking so revolutionary?

Savings! Everyone agrees the high network fees on Ethereum have a large impact on the farming rewards earned by liquidity providers.  Even on low cost networks such as Binance Smart Chain, the network fee is a cost that reduces the benefit of farming. 

To participate in most farms, the user pays at least five network fees.…

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Altcoins

DeFi Wizard Raises $750k from Blockchain Investment Bigshots, to Simplify Multi-chain DeFi Legos

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Bengaluru,, India, 24th February, 2021, // ChainWire //

In order to give shape to their ‘one-click DeFi contracts creation’ dream, Defi Wizard has raised a total of $750,000 from X21 Digital, AU21 Capital, Amsterdam-based TRG Capital, DeltaHub Capital, NGC Ventures, and ExNetwork.

Speaking on latest development Defi wizard founder and CEO, Anand Kamath said: 

“It gives us immense pleasure to announce that our platform, DeFi Wizard has attracted the attention of leading blockchain investors and funds.”

DeFi Wizard aims to help cryptocurrency companies and businesses seamlessly create digital assets, without any hassles, with the objective of becoming an all-in-one token creation platform. 

Investment Usage

This recently concluded fundraising round is an important milestone for Defi Wizard. It will fuel the development of the platform along with operations/maintenance.

Other ways in which Defi wizard will receive assistance is with liquidity bootstrapping for Uniswap listing, alongwith added global and regional promotional efforts to generate awareness for the platform. 

About Defi Wizard

Defi wizard is a dashboard for building DeFi (decentralized finance) smart contracts with a few clicks. It offers real-time programmer analytics and allows users to create smart contracts for ERC20 / BEP20 / EDST, staking, yield farming, governance, cross-chain bridge, gasless relayer baked in.

As per the latest statistics, more than five projects are already using DeFi Wizard’s staking services and more than $100M AUM has been locked through the smart contracts generated through the…

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Altcoins

99Bitcoins takes over the “Dead Coins” project to become the cryptocurrency undertaker

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Singapore, Singapore, 17th February, 2021, // ChainWire //

99Bitcoins, an educational website that maintains a list of Bitcoin obituaries made by the media, has taken over the Dead Coins project as well. This move effectively crowns 99Bitcoins as “The undertaker of the cryptoverse”.

Deadcoins.com was established in late 2017 to document the death of thousands of altcoins that popped up during the cryptocurrency mania of that time. The idea was simple – create a list of coins that have ceased to exist after the hype died down.

A coin can become “dead” due to a variety of reasons such as its development being halted, having no one that uses or trades it, being exposed as a scam and more. While the project was initially maintained only by its founders, it was later outsourced to the cryptocurrency community which was allowed to add their own dead coins.

“I think the dead coins project is a brilliant idea that needs a bit of polishing” says Ofir Beigel, owner and founder of 99Bitcoins. “The fact that anyone can add a dead coin themselves made the list of coins very inaccurate. We’ve spent days going through the complete list and sifted out all of the coins that were buried alive, so to speak. For example, Bitcoin, Tron, Dogecoin and Tether are just some of the coins that were listed when we took…

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