Buy Stratis in India

Stratis is a blockchain-based service platform that allows different products and services for enterprises, including driving private sidechains, working full nodes, developing and deploying smart contracts, an initial coin donation platform, and a proof of status application. The company additionally provides cryptocurrency wallets and blockchain consulting services.

Stratis operates its own blockchain-powered by a native token, STRAX, used to acquire and operate sets such as executing smart contracts, paying for sidechains, and staking as collateral to operate a Masternode a node on the system that provides a specific needed service.

The platform was first published in June 2016, and it started in August 2016. In November 2020, Stratis extended a new blockchain that uses STRAX alternatively of its former STRAT token.

Stratis Group Ltd., the company behind the Stratis platform, was founded in 2016 by Chris Trew. He started the company with the purpose of developing an enterprise-focused blockchain platform, which he felt was missing from the industry at the time. He decided to base the platform on the Bitcoin (BTC) protocol, believing that Bitcoin would become dominant in the crypto space --- meaning that its codebase would be consistently improved over time.

Before starting Stratis, Trew's background was in enterprise information technology. He taught himself the programming language C# and spent 10 years serving in various IT roles in the legal, aviation and public sectors as well as with financial institutions such as Barclays. He also operated an internet marketing and search engine optimization business.

Within the crypto and blockchain industry, Trew was a volunteer developer for the cryptocurrency project Blitz and social networking platform The Viral Exchange.

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A multitude of factors has driven the Stratis Platform development over the past four years; we are very fortunate to have a strong community of blockchain specialists and enthusiasts.

An innovative internal team complements this community with Stratis’ business development, engaging with over 50 company executives to understand the challenges and pitfalls of successfully integrating blockchain technology through digital transformation.

In addition to technological advances achieved through design and development practices, there are also crucial changes to the ecosystem and tokenomics of the blockchain.

Efforts have been made to introduce such features; however, those actions are reliant upon the Stratis Blockchain being maintained by the Stratis Full Node, and not the legacy staking wallet. Something that has not been possible due to the trust-less and decentralized nature of the Stratis Blockchain, properties that we, of course, wish to retain.

A multitude of factors has driven the Stratis Platform development over the past four years; we are very fortunate to have a strong community of blockchain specialists and enthusiasts. An innovative internal team complements this community with Stratis’ business development, engaging with over 50 company executives to understand the challenges and pitfalls of successfully integrating blockchain technology through digital transformation.

Because of challenges presented with the Stratis blockchain, we have opted to perform a Token Swap to a newly provisioned blockchain, incorporating innovative features and crucial changes to the tokenomics of the Stratis Platform. By completing a Token Swap and creating a new blockchain, multiple improvements and feature additions can be achieved without fear of maintaining a heterogeneous network and introducing multiple forks and votes. Furthermore, the minting of additional tokens will enable the continued development of the Stratis Platform and assist further growth of the platform through third-party engagements and relationships.

According to its whitepaper, the Stratis BaaS platform is designed for financial service providers and other enterprises to test, develop and deploy blockchain-based applications in a way that avoids the overhead and security concerns of operating their own networks. To do so, Stratis offers businesses the opportunity to run permissioned, private sidechains that interact with its primary chain, as well as to host decentralized applications, launch smart contracts and utilize various privacy and identity verification tools. Its whitepaper argues that this approach gives enterprises the freedom to completely customize their platforms without the limitations of relying on a major blockchain, such as Bitcoin or Ethereum.

Stratis has announced business partnerships with companies such as software giant Microsoft, technology markets intelligence firm International Data Corporation, and pharmaceutical blockchain development company MediConnect, among others. In addition, it has sponsored professional athletes as a way to raise awareness of the platform.

The creation of the STRAX Blockchain provides a vanilla environment for the STRAX Foundation to begin rapid growth, utilizing the blockchain technology platform that has been developed over the past three years. We realize that the landscape within blockchain technology is rapidly changing, creating a need for re-alignment of priorities and apparent business adoption. The existing development of a blockchain development platform, built from the ground up on the .NET Core Framework enables flexibility and allows us to develop in an agile manner without barriers, blocking development.

Step 1: Open your free crypto wallet BuyUcoin Account

Step 2: Register & Open your free Cryptocurrency account with BuyUcoin

Step 3: Visit the BuyUcoin Exchange menu in your crypto wallet to find an Strax exchange pair with STRAX-USDT pair or STRAX-INR pair.

Step 4: If you don’t have USDT or INR, add funds from your favourite UPI payment mode to buy USDT i.e Paytm, PhonePe, Mobikwik, Google Pay, Bhim Pay, Amazon Pay or credit card and debit card.

Step 5: Buy Strax in India with USDT or INR

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