Stratis Could Be The Next Cryptocurrency To Make A Big Impact

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.

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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