| STRATIS | The first blockchain developed for businesses |Full POS

[MiBambino]

Allthough I believe Stratis is a great platform that will make blockchain integration easy and practical for businesses, what will be the main usecase for the token (outside of staking/masternodes?)?

I'm not sure what will end up being the main utility for the Strat coin, but these are some of the things it will be used for:

1) Funding sidechains. In order to use a sidechain, Strat must be sent to the sidechain federation. In return, sidechain coins will be released to the sidechain user. The Strat is locked up until the sidechain coins are sent back to the federation, at which point the Strat will be redeemed by the user.

2) As gas for smart contracts. Stratis has a similar gas solution to Ethereum in that the gas is the coins of the chain to which the smart contracts are deployed. So in order to use a smart contract which is deployed to the Stratis mainchain, the user must spend some Strat as gas. Similarly, to use a smart contract deployed to one of Stratis's sidechains (which is where most smart contracts will be deployed) you must spend some sidechain coin as gas. Since this sidechain coin is pegged to Strat (via the cross-chain relationship above), this translates to utility for Strat itself: you need Strat in order to receive sidechain coins with which to use smart contracts (UX of this process need not be so technical, this is just the underlying economy).

3) As received funds through the ICO Platform. The Stratis ICO Platform allows investors to invest in an ICO using all of the major cryptocurrencies (something like 50+ of the most liquid coins). Any of these currencies which are not Strat or BTC will be automatically converted into Strat via Changelly. Changelly automatically buys Strat from exchanges with the other currencies. Projects can receive up to 400 BTC as well, which is to help alleviate the impact on the Strat markets of projects liquidating funds to pay for development post-ICO. Besides this BTC, the projects running ICOs/STOs through the ICO Platform will receive Strat.

Then there are specific use cases which are periphery to the core platform. For example, Strat is used to perform attestations in Stratis Identity. Those kinds of utilities are for applications built on top of the Stratis Platform, so who knows what utilities could be dreamt up, which is why I'm not really including them in what I think of as the core utilities for Strat.

May as well take a punt at what could be the main use case for Strat. If I had to make a guess, I'd probably go for "funding sidechains". The smart contracts will be deployed to a PoA sidechain network which is coming out this month. To use these smart contracts, Strat will have to be locked up in return for the sidechain coins. These coins will in turn be used as gas for the smart contracts. Even the token issuing contracts alone could see a lot of Strat being used for funding sidechains.

if the ICO's that are built on strat see significant advantages compared to ethereum, I'm guessing we'll see a massive usecase in the stratcoin that way, but like you said i think all of them will play a part in the success of the token

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[MrZ28s]

Allthough I believe Stratis is a great platform that will make blockchain integration easy and practical for businesses, what will be the main usecase for the token (outside of staking/masternodes?)?

I'm not sure what will end up being the main utility for the Strat coin, but these are some of the things it will be used for:

1) Funding sidechains. In order to use a sidechain, Strat must be sent to the sidechain federation. In return, sidechain coins will be released to the sidechain user. The Strat is locked up until the sidechain coins are sent back to the federation, at which point the Strat will be redeemed by the user.

2) As gas for smart contracts. Stratis has a similar gas solution to Ethereum in that the gas is the coins of the chain to which the smart contracts are deployed. So in order to use a smart contract which is deployed to the Stratis mainchain, the user must spend some Strat as gas. Similarly, to use a smart contract deployed to one of Stratis's sidechains (which is where most smart contracts will be deployed) you must spend some sidechain coin as gas. Since this sidechain coin is pegged to Strat (via the cross-chain relationship above), this translates to utility for Strat itself: you need Strat in order to receive sidechain coins with which to use smart contracts (UX of this process need not be so technical, this is just the underlying economy).

3) As received funds through the ICO Platform. The Stratis ICO Platform allows investors to invest in an ICO using all of the major cryptocurrencies (something like 50+ of the most liquid coins). Any of these currencies which are not Strat or BTC will be automatically converted into Strat via Changelly. Changelly automatically buys Strat from exchanges with the other currencies. Projects can receive up to 400 BTC as well, which is to help alleviate the impact on the Strat markets of projects liquidating funds to pay for development post-ICO. Besides this BTC, the projects running ICOs/STOs through the ICO Platform will receive Strat.

Then there are specific use cases which are periphery to the core platform. For example, Strat is used to perform attestations in Stratis Identity. Those kinds of utilities are for applications built on top of the Stratis Platform, so who knows what utilities could be dreamt up, which is why I'm not really including them in what I think of as the core utilities for Strat.

May as well take a punt at what could be the main use case for Strat. If I had to make a guess, I'd probably go for "funding sidechains". The smart contracts will be deployed to a PoA sidechain network which is coming out this month. To use these smart contracts, Strat will have to be locked up in return for the sidechain coins. These coins will in turn be used as gas for the smart contracts. Even the token issuing contracts alone could see a lot of Strat being used for funding sidechains.

if the ICO's that are built on strat see significant advantages compared to ethereum, I'm guessing we'll see a massive usecase in the stratcoin that way, but like you said i think all of them will play a part in the success of the token

Now that the crypto market is struggling it would be a real tough test for Stratis to survive and see if the team will continue to hold on and keeps working it. Some projects already gave up and hopefully this one remains.

[Khilone7]

https://twitter.com/Khil0ne/status/1070724562617319424

A new update from our Smart Contracts team by @Rowan

Hey everyone,

A new SC test network is live now - v0.13.0-beta.  This release brings our testnet in line with the latest SC and FN code, which includes a lot of changes, improvements and bug fixes.

Check out the the sc/v0.13.0-beta branch on GitHub: https://github.com/stratisproject/StratisBitcoinFullNode/tree/sc/v0.13.0-beta

You shouldn't have to clear any old data, as we've configured the network to use a new folder name, however you will need to recreate your wallets.

We've added several new nodes to the network too - you can connect to these using dotnet run -- -addnode=stratis.smartcontracts.pw -addnode=52.189.213.175 -addnode=52.187.247.137

Finally, docs are not fully updated yet (we're working on that), but feel free to ping us here with any questions.

Major SC Changelog:
- Move to PoA network architecture
- Add support for IStandardToken
- Change Address implementation
- Improvements to receipts
- Changes to gas accounting
- Additional validation rules
- Improve transaction serialization
- Finalize method param types
- Add serialization support
- Fix bug with issuing refunds
- Add ability to execute calls locally
- Add memory limits
- Various API structure changes

Also, here's a video walking through setting up a node, creating a wallet, getting funds, and deploying and interacting with a smart contract.
https://youtu.be/6PgcwuHDdms

[99shitcoins]

.000003 low.

Now the whales are ditching this crap, order book doesnt have enough willing buyers for this crap coin so the price actually tanked to $.01 lmaooooo.

Feel bad for the fools calling $15 eoy, including mods. Here comes $.10.

Told ya guys, shitcoin is a shitcoin .

[hush]

.000003 low.

Now the whales are ditching this crap, order book doesnt have enough willing buyers for this crap coin so the price actually tanked to $.01 lmaooooo.

Feel bad for the fools calling $15 eoy, including mods. Here comes $.10.

Told ya guys, shitcoin is a shitcoin .

I would like to wait for this moment to let's see how this prediction will work. It is very easy to predict it could fall more deep when situation is still bearish but this is still most promising project and worth to buy dip.

[99shitcoins]

No, dont buy the dip. Youll never see $1 again.

[JerryPower]

can't believe i fellfor this scamcoin

[MoneyJ]

It is early 2017 again but Stratis has gone a very long way in terms of Development.  So as for those WHO fomo like me, let US wait for the bottom then we rake cheap Stratis coins.

[mcfom]

New website has more professional look and when landing page lets impression of easiness. What I want to say is, you don't feel that you reached at something complicated by point of view of someone with basic knowledge about blockchain. That update with advancement on smart contracts in those mentioned areas is something interesting. I would like to remind those panicked already quality project with good support are here to stay. It isn't hard to see projects with future.

[Acetmesis]

Allthough I believe Stratis is a great platform that will make blockchain integration easy and practical for businesses, what will be the main usecase for the token (outside of staking/masternodes?)?

I'm not sure what will end up being the main utility for the Strat coin, but these are some of the things it will be used for:

1) Funding sidechains. In order to use a sidechain, Strat must be sent to the sidechain federation. In return, sidechain coins will be released to the sidechain user. The Strat is locked up until the sidechain coins are sent back to the federation, at which point the Strat will be redeemed by the user.

2) As gas for smart contracts. Stratis has a similar gas solution to Ethereum in that the gas is the coins of the chain to which the smart contracts are deployed. So in order to use a smart contract which is deployed to the Stratis mainchain, the user must spend some Strat as gas. Similarly, to use a smart contract deployed to one of Stratis's sidechains (which is where most smart contracts will be deployed) you must spend some sidechain coin as gas. Since this sidechain coin is pegged to Strat (via the cross-chain relationship above), this translates to utility for Strat itself: you need Strat in order to receive sidechain coins with which to use smart contracts (UX of this process need not be so technical, this is just the underlying economy).

3) As received funds through the ICO Platform. The Stratis ICO Platform allows investors to invest in an ICO using all of the major cryptocurrencies (something like 50+ of the most liquid coins). Any of these currencies which are not Strat or BTC will be automatically converted into Strat via Changelly. Changelly automatically buys Strat from exchanges with the other currencies. Projects can receive up to 400 BTC as well, which is to help alleviate the impact on the Strat markets of projects liquidating funds to pay for development post-ICO. Besides this BTC, the projects running ICOs/STOs through the ICO Platform will receive Strat.

Then there are specific use cases which are periphery to the core platform. For example, Strat is used to perform attestations in Stratis Identity. Those kinds of utilities are for applications built on top of the Stratis Platform, so who knows what utilities could be dreamt up, which is why I'm not really including them in what I think of as the core utilities for Strat.

May as well take a punt at what could be the main use case for Strat. If I had to make a guess, I'd probably go for "funding sidechains". The smart contracts will be deployed to a PoA sidechain network which is coming out this month. To use these smart contracts, Strat will have to be locked up in return for the sidechain coins. These coins will in turn be used as gas for the smart contracts. Even the token issuing contracts alone could see a lot of Strat being used for funding sidechains.

if the ICO's that are built on strat see significant advantages compared to ethereum, I'm guessing we'll see a massive usecase in the stratcoin that way, but like you said i think all of them will play a part in the success of the token

Now that the crypto market is struggling it would be a real tough test for Stratis to survive and see if the team will continue to hold on and keeps working it. Some projects already gave up and hopefully this one remains.

With version 1 of the Stratis Platform just around the corner, they will begin to generate revenue and move away from relying on the funding they received from the ICO + allocation of Strat post-ICO. I know that the goal is to become independent from those funds, hence the consultancy, premium services etc. Management seem confident they can achieve this.

[bitcircle]

No, dont buy the dip. Youll never see $1 again.

That is very legit comment maybe this guy have more deep knowledge than anybody. I have totally different thought about this coin I think this is good chance to make entry with safe position.

[JerryPower]

If strat whole usecase is "we do ico's" then they are doomed. ICO's are 90% scams and SEC is cracking down hard.

[Khilone7]

If strat whole usecase is "we do ico's" then they are doomed. ICO's are 90% scams and SEC is cracking down hard.

It's way more than that.

Have a read -> https://medium.com/@acetmesis/why-im-excited-about-the-stratis-platform-from-an-investment-perspective-3034da691097

[Acetmesis]

If strat whole usecase is "we do ico's" then they are doomed. ICO's are 90% scams and SEC is cracking down hard.

Main focus is enterprise blockchain solutions. Even large to enterprise companies get seduced by "easy funding", so the Stratis ICO Platform is catering to those that are, but it's periphery to the core platform

[JerryPower]

If strat whole usecase is "we do ico's" then they are doomed. ICO's are 90% scams and SEC is cracking down hard.

It's way more than that.

Have a read -> https://medium.com/@acetmesis/why-im-excited-about-the-stratis-platform-from-an-investment-perspective-3034da691097

"Smart Contracts, SIDECHAINS, MASTERNODES, ICO PLATFORM" yup that's a shitcoin

[buta]

If strat whole usecase is "we do ico's" then they are doomed. ICO's are 90% scams and SEC is cracking down hard.

It's way more than that.

Have a read -> https://medium.com/@acetmesis/why-im-excited-about-the-stratis-platform-from-an-investment-perspective-3034da691097

"Smart Contracts, SIDECHAINS, MASTERNODES, ICO PLATFORM" yup that's a shitcoin

Retarded guy.

[99shitcoins]

.

[JerryPower]

If strat whole usecase is "we do ico's" then they are doomed. ICO's are 90% scams and SEC is cracking down hard.

It's way more than that.

Have a read -> https://medium.com/@acetmesis/why-im-excited-about-the-stratis-platform-from-an-investment-perspective-3034da691097

"Smart Contracts, SIDECHAINS, MASTERNODES, ICO PLATFORM" yup that's a shitcoin

Retarded guy.

Note the death wick on Binance Dec 6th daily chart with your gigantic brain.

[Acetmesis]

If strat whole usecase is "we do ico's" then they are doomed. ICO's are 90% scams and SEC is cracking down hard.

It's way more than that.

Have a read -> https://medium.com/@acetmesis/why-im-excited-about-the-stratis-platform-from-an-investment-perspective-3034da691097

"Smart Contracts, SIDECHAINS, MASTERNODES, ICO PLATFORM" yup that's a shitcoin

Retarded guy.

Note the death wick on Binance Dec 6th daily chart with your gigantic brain.

I'd be happy to go over any criticisms you have about Stratis with you. I'm sure it would be good for both of us

[muleroaa]

Has there been any more chatter about further MasterNode tiers? Maybe in one of the chat channels? It's not on the roadmap but I was wondering if this plan is still in the works? Is there also a closer ETA to Stratis Cold Staking?