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The Upfront Utility of Stratis
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  • Blockchains today are dictated by centralized developers and/or decentralized users/stakeholders/hash power who determine the path/features that the chain will take going forward, which are not necessarily aligned with segmented users of the blockchain. Separately, companies and 3rd party developers do not like uncertainty or wide-net features/restraints, especially if all of their logistics are supported by this blockchain. Stratis is different in that it is a sidechain hosting and development service. Stratis private chains allow developers complete freedom to customize their implementation for their specific needs, whilst the underpinning โ€˜parentโ€™ blockchain is established enough to give users a high degree of confidence in its security. Side chains are created for businesses (with optional help from the Stratis consulting service, which brings business onto the platform and also reduces overhead costs for clients who do not have resources/acumen to develop in house blockchain solutions). All sidechains are linked to the main Stratis (parent) blockchain (concomitantly securing the utility/value of tokens). This set up will allow companies to develop their own reliable blockchains, specified to their needs, with little cost and also mitigate technical bottleneck.

  • Further, highly skilled C and Solidity engineers (Bitcoin and ETH) are in short supply in the corporate world, which tends to prefer higher-level/established languages like C# or Java. Higher level languages are also easier to review and learn, and it is harder to make coding mistakes.

  • Example Use cases: "For example, if a business requires large block sizes to accommodate a high volume of transactions; rapid block times to enable low-latency trading; controlled transactions so that only approved users can submit a request to the network; a given rate of inflation; or additional space for metadata in each block, any or all of these can be specified at launch."- whitepaper

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7 years ago