People should realize that this is a coin/token to hold for long term. If you decide to hold it, be smart and do it at least until the roadmap finishes, that is march/april 2017. Right now the team is ahead of schedule.
The focus of Stratis is on the blockchain for banking, (multinational) companies and government. Those who still don't know what they are trading with it is going to be a token for a ready to use all in one packet fully coded in c language. And on the platform with these tokens they can code, test and deploy their blockchain programs in just about every computer language there is. In order words Stratis is like Lisk but way bigger. Lisk only focuses on java language. 10 to 15% of the banks want to make use of blockchain technology in 2017. They don't have the knowledge and tools yet, Stratis will provide that for them.
Costs and time will be reduced that way for everybody. Just think of the potential alone..
Yes that's correct and banks or companies (Stratis can be used even for book keeping purposes, small to big companies) don't need to mess with crypto, similar to Factom they will buy the service (EC in Factom and STRATS) directly with fiat. One doubt I have is how the price of Strats will affect the business side. In Factom I know entry credits have a very small fixed price so companies can buy as many as they need without being too expensive.
Anyone can clarify how this would work in Stratis?
The standard private chains will require Stratis tokens to be 'locked' as part of the 2 way peg to private chains. Stratis tokens will also be the currency utilized to pay transaction fees to miners. During POS, Stratis tokens will be used to secure the Stratis chain and the private chains.The Blockchain-as-a-Service platform will be also be fueled by Stratis tokens, users will be able to deposit digital currencies or pay via paypal and Fiat to 'credit' their account with Stratis tokens to fuel their node.Our fiat gateway technology will also charge a fee in Stratis, but note there will most likely be a fee on the fiat side also. This will be one of the centralized components of the Stratis Platform, but its the only way to have Fiat gateways and be compliant with the various regulations involved.
