Comparing Stratis (STRAT) with Ethereum (ETH) may seem stupid to many considering the current position of STRAT is 39 and that of ETH is 2. (coinmarketcap.com, as of 2nd May 2018). But, check out the progress of both the crypto coins. The price of Stratis (STRAT) at the time of writing shows approximately $7.55 USD (13.37%) while Ethereum (ETH) displays $679.99 USD (1.71%). Compared to ETH, STRAT had a rise of 13.37%.
A Little on Stratis (STRAT)
The Stratis blockchain is basically aimed at easing up the process of developing, testing and installing C# blockchain applications on the.Net framework. The blockchain-as-a-service platform of Stratis enables various businesses to apply blockchain technology on several use cases across industries. The aim of the Stratis platform is to develop as a one-stop solution for everything related to the blockchain. It is quite similar to Bitcoin when seen from the core code perspective but STRAT has many advanced features. Instead of C++, Stratis uses C# language.
Stratis blockchain will be able to prevent publication and research disputes in the field of medical science by offering a secure record system. The reviewer, researcher, and publisher can access information but cannot tamper the legitimacy of the record. With the Stratis platform, the supply chain, transportation, and inventory will be incorporated and they will be updated in real time by the internet consensus. In the Fintech sector, Stratis will work to solve issues like identity theft, identity management, and Escrows trust issues. Stratis had developed an identity verification app that will help the companies to verify the background and identity of a potential employee or a potential partner. The methodology can also be applied to services that require KYC compliances.
Stratis (STRAT) or Ethereum (ETH)
Like the Ethereum blockchain, the platform of Stratis can support smart contracts and decentralized apps or dApps. Ethereum was developed using the first Turing complete programming language for blockchain and it is the first decentralized platform to offer smart contracts and dApp. Stratis, on the other hand, is a BaaS or blockchain-as-a-service platform that was created keeping in mind the issues of financial sector corporations. Stratis claims to be the first to offer private blockchains or sidechains to the users along with dApps and smart contracts. Being introduced in the cryptocurrency market on 12th August 2016, it can be said that the developers had the opportunity to study the shortcomings of the Ethereum blockchain and design accordingly.
Ethereum Virtual Machine (EVM) has been utilized by the Ethereum blockchain to run blockchain based dApps. They are, in turn, executed using network nodes that record the same information for the same dApps with minimal downtime, high fault tolerance, and permanence. Ethereum smart contracts have been used by many developers to create and launch their own tokens. Most popular ERC20 tokens include EOS and Tron. Tron by launching its own mainnet will most likely move away from the Ethereum platform. The smart contracts of Stratis are tested, audited and can only then be approved for business use and the blockchains offered can be customized by the users. The sidechains or private blockchains can be developed and executed by organizations, according to their requirements, that are outside the main blockchain. However, they are secured by the main blockchain. The white paper of Stratis claims that setting up a sidechain can take as little as 10 minutes. Stratis, according to its white paper, will be keeping fiat gateways that will enable smooth transmission of fiat currencies like GBP and USD from point to point.
Ethereum is still stuck at 8 to 25 transactions per second while Stratis implements more advanced technology to execute nearly 20,000 transaction requests per second. However, the Ethereum team is planning on implementing sharding technology that is expected to increase the number of transactions per second by at least 1,000. Sharding is basically the technique to divide a blockchain network into several groups or shards to enhance the network speed and scalability.
In early April of 2018, Abra had announced that it will list 7 more altcoins on their list. Stratis (STRAT), Stellar (XLM), Bitcoin Gold (BTG) are some of the newly listed crypto coins here. Previously, BTC, BCH, ETH, ETC, XRP, LTC, DOGE, GNT, OMG, VTC, and ZEC were the only cryptocurrencies that Abra (digital wallet app) users could buy, sell and hold. The USP of Stratis (STRAT) is sidechains and the fact that it is based on C# language. The market volume of STRAT at the time of writing shows approximately $746,634,436 USD (from coinmarketcap.com). Considering, the comeback of the crypto coin from the bearish trend in the first quarter, it is probably a good time to invest in STRAT.
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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 and read our full disclaimer.
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XNO Token of Xeno NFT Hub listed on Bithumb Korea Exchange
Hong Kong, Hong Kong, 25th January, 2021, // ChainWire //
Xeno Holdings Limited (xno.live ), a blockchain solutions company based in Hong Kong, has announced the listing of its ecosystem utility token XNO on the ‘Bithumb Korea’ cryptocurrency exchange on January 21st 2021.
Xeno NFT Hub (market.xno.live ), developed by Xeno Holdings, enables easy minting of digital items into NFTs while also providing a marketplace where anyone can securely trade NFTs.
The Xeno NFT Hub project team includes former members of the technology project Yosemite X based in San Francisco and professionals such as Gabby Dizon who is a games industry expert and NFT space influencer based in Southeast Asia.
NFT(Non-Fungible Token) technology has recently gained huge focus in the blockchain arena and beyond, making waves in the online gaming sector, the art world, and the digital copyrights industry in recent years. The strongest feature of NFTs is that “NFTs are unique digital assets that cannot be replaced or forged”. Unlike fungible tokens such as Bitcoin or Ether, NFTs are not interchangeable for other tokens of the same type but instead each NFT has a unique value and specific information that cannot be replaced. This fact makes NFTs the perfect solution to record and prove ownership of digital and real-world items like works of art, game items, limited-edition collectibles, and more.
NFTs are already being actively traded in markets globally. For…
Should Crypto Projects Devote Resources to Community Growth and Marketing?
2020 has been an incredible year for crypto as investors have generated windfall profits and crypto projects have seen their businesses gain the spotlight they’ve been looking for. While Bitcoin has received most of the attention after major institutional investors announced they were accumulating the increasingly scarce asset, many altcoins have also seen their fair share of glory. When looking at all the big winners of the past year, the first project that probably comes to mind is Chainlink, having appreciated by more than 550% YTD and now valued at over $4.5 billion. But, the actual biggest winner of the year is HEX with a YTD return of over 5,000%.
I mention both of the above projects as they have each taken slightly different paths to achieve greatness. Chainlink has devoted resources toward building a fundamentally sound business with many strategic partnerships while HEX has spent vast sums of money on marketing and promotion. Both approaches are valid, but one thing is certain, it is absolutely imperative for crypto projects to let the crypto community know what makes them special. Of course, one of the reasons that makes crypto so valuable is the powerful blockchain technology that most projects are utilizing.
Cryptocurrency vs. Blockchain Technology
It’s important to make a distinction between blockchain technology and cryptocurrency. Although they are often used interchangeably, they are different. Blockchain technology and crypto were both created after the 2008 financial crisis, but cryptocurrency…
XENO starts VIP NFT trading service and collaborates with contemporary artist Hiro Yamagata
Hong Kong, Hong Kong, 24th December, 2020, // ChainWire //
The XENO NFT Hub (https://xno.live) will provide a crypto-powered digital items and collectables trading platform allowing users to create, buy, and sell NFTs. Additionally it will support auction based listings, governance and voting mechanisms, trade history tracking, user rating and other advanced features.
As a first step towards its fully comprehensive service, XENO NFT Hub launched a recent VIP service to select users and early adopters in December 2020 with plans for a full Public Beta to open in June 2021.
“NFTs are extremely flexible in their usage, from digital event tickets to artwork, and while NFTs have a very wide spectrum of uses and categories XENO will initially focus its partnership efforts and its own item curation on three primary areas: gaming, sports & entertainment, and collectibles.”, said XENO NFT Hub president Anthony Di Franco.
He also added “This does not mean we will prohibit other types of NFTs from our ecosystem However, it simply means that XENO’s efforts as a company will be targeted into these verticals initially as a cohesive business approach.”
Development and Procurement Lead, Gabby Dizon explained, “Despite our initial focus, we found ourselves with a unique opportunity to host some of the works of Mr. Hiro Yamagata. We are collaborating with Japanese artist Hiro Yamagata to enshrine some of his artwork into NFTs.”
Mr. Yamagata has been…