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What is Stratis?

We are happy to see new members joining the Stratis project on a daily basis. Our community is growing and with that come new ideas and actions to help us improve. We received an excellent piece of writing by one of our community members regarding ‘What is Stratis’? We would like to share this with all of you.
It’s easy to miss the significance of The Stratis Project. Drowning in hyperbole, the cryptoverse spawns a never ending stream of next-big-things. Bitcoin Killers abound and thousands fall for promises that never deliver. Even so, among the dross, real innovation shines. A handful of projects deserve their top slots while others grow in the subsoil waiting to show the beauty of their form. Stratis is no shrinking violet; the team confident and businesslike. They walk a fine line, avoiding hype, building quietly and spreading the word through provable action. A growing community is witness to the skill, hard work and sharp vision that defines Stratis. This article comes from that community. We can praise where its due and, hopefully, help others see what we see.
Stratis is not a coin but a platform. We all know that bitcoin and the blockchain is going to impact the world in fundamental ways. The very success of bitcoin to-date has fostered a conservative approach to development, leaving room for a small army of visionaries to poke and prod with ideas good and bad in the alt coin space. We are in a golden age of early innovation and yet it is still a geek-fest. We are in the days of punch cards and green screen terminals. To fulfil its destiny, bitcoin and its sisters need designers, business people, financiers and the ingenuity of tens of thousands of non-crypto coders to humanise the space. Like it or not, we need to find our Steve Jobs, our Bill Gates and (if we’re really lucky) our Elon Musk and Jimmy Wales. Without our specialised coders, we would be nowhere but now is the time to lend them a hand – to attract experts from beyond the narrow walls of the cryptoverse – not in their hundreds but in their thousands.
When Chris Trew, Stratis’ CEO approached bitcoin developer Nicolas Dorier for help, he turned him away, uninterested in working on anything but bitcoin. Coming from the corporate world, Chris knew that the boring nuts and bolts behind millions of computers on the desks of businesses around the world relied on Microsoft’s .Net platform and its C# language. He also knew that when MS open sourced .Net and C#, the path was suddenly open to reach out to millions of experienced developers and their partners in design and business. Decades of battle-hardened operations tuned to real-world customer-focused use has formed a global infrastructure primed with easy to use tools that could change the landscape of crypto and help lead to its ultimate destination – the pockets of billions of ordinary people – rich and poor.
It is important to realise that although Stratis aims to bridge the specialised realms of blockchain and the corporate world, it is doing so in the spirit of open source where success is not a zero sum game. This is perfectly demonstrated in the relationship between Nicolas Dorier and Stratis.
After agreeing to talk to Chris and on seeing his vision, Nicolas changed his mind. He had been working for two years developing a complete bitcoin node, rewriting it in C#. A labour of love, he was unpaid and had to find the time between everything else going on in his life. The key to this change of heart? Chris did not want him to work on Stratis. He wanted to pay him to finish the work on bitcoin. Always intended to be open source, in helping accelerate Nicolas’ bitcoin project, Stratis would give something to the bitcoin community and benefit themselves from all Nicolas’ work in the two previous years. On completion, they would clone the software, rapidly accelerating the Stratis project beyond anything that could have been achieved without such open-minded collaboration.
There are two main parts to the Stratis Project. The platform itself is complemented by the formation of a company based in London. The Stratis Group is a consultancy, intended to help companies with blockchain ideas realise them quickly even as blockchain expertise is thin on the ground. By providing a suite of tools and apis, Stratis allows an entity to concentrate on what they are good at knowing that the security of the blockchain side is rock solid through the same algorithms used to secure bitcoin.
In consulting with various projects, some may require a completely separate chain. In this case, the value to Stratis token holders will be indirect. However, free to take on board innovations produced by other crypto-projects, Stratis is able to fast-track code to enable scaling, side-chains, segwit, LN, POS and other advances not yet invented. In many cases, a dedicated side chain might make sense, requiring Stratis to be bought on the market and locked for the duration of the project. To cater for companies large and small, Stratis is building a cloud solution similar to Azure, making BaaS a one-stop solution for any company to experiment or run a project to completion on the Stratis ecosystem.
It is easy to be ambitious but how do we know these guys are capable of making this happen? After all, the code is open source. Anyone can copy it – and they will. To those already following their progress, this is a no brainer. Step-by-step Chris and his team constantly impress. With modest resources, they have shown themselves capable of forming partnerships and moving with a speed that would shame others with bags of cash, half the business intelligence and a fraction of their drive. In the past few months, they have so far:
• Completed the Stratis Full Node (on test)
• Got listed on multiple exchanges including Bittrex and Poloniex
• Occupied a booth beside MS at London’s Blockchain Expo – engaging with key business players leading to follow up meetings in UK and US
• Given a talk at The Blockchain Event, Ft Lauderdale, USA
• Been added to MS Azure
• Become an official coin on Ledger Hardware Wallet with no fee paid for inclusion
• Recruited extremely impressive advisors to their board. This includes Cesar Castro, founder and managing partner of Escalate Group and Mahesh Chand, founder of C# Corner – a forum for C# developers with over two million members.
• Through Escalate, engaged the help of Seraph, a global network of investors and family offices with experience in the cryptocurrency sphere to help with their VC funding strategy.
• Secured a coveted key-note slot at one of the world’s biggest C# conferences to be held in Ghaziabad, India mid-April
It is interesting to note that the team was surprised to find that although many developers beyond the crypto fringe knew of bitcoin, few had any idea how it worked or the potential for innovation it presented to them. This bodes well for the C# conference. If they are able to convince such a body of sharp minds that this is something worth paying attention to and at the same time give them the tools to ease their path, the resulting opportunities could be enormous.
To help in this phase of their mission, they are preparing a number of proof of concepts they can demonstrate there and to future clients. From Steem-like social platforms to privacy-based wallets, customer-focused products become much faster to develop using Stratis.
There is nothing like doing it yourself to prove that your mission lives beyond mere words. As many confuse the need for privacy with nefarious deeds, no serious organisation would think of exposing confidential data on a public ledger. The need for privacy is evident in the many anon alts out there but bitcoin has been able to do this for some time. For many reasons, it has not happened so far in a package that’s usable to normal people. To push this along Stratis has agreed to build a front-end for Tumblebit, a project conceived and built as another labour of love by talented coders helping to build the bitcoin economy. The result will be The Breeze wallet.
Scheduled for completion around May 2017, bitcoiners will be able to download the Breeze wallet and use it to afford a high degree of trustless and secure transactions with privacy built in. Importantly for Stratis, the same wallet will be used to transact with that coin, too. Not only will this help bitcoin, it will expose Stratis to a potential user-base otherwise beyond its reach. In the same way that Tumblebit can swap respective coins to ensure privacy, so too, they can be used to swap with each other, providing a gateway between each coin should users find that useful. Once again, Stratis demonstrates that this is not a zero-sum game.
Recognising that praise coming from those you respect is more valuable than any other, here is a quote from nopara73, Tumblebit’s backend developer:
“I am not sure I’m the right person to answer that message, but here it goes. First note I am not a part of the Stratis team, so I am not obligated to follow the company rhetoric. But I had the idea of asking them to contribute to Breeze, because I suspected their team is probably the most competent team when it comes to C# and Bitcoin. Now I am working with them for a couple of weeks and I can say they are really working their asses off, GitHub is the proof, but also I was right on the competency question, too. I was also amazed by the professionalism, not seen in other cryptocurrencies. However I have to admit I know nothing about Stratis as the cryptocurrency, I’m too busy to catch myself up and I don’t have much interest in cryptocurrencies, other than Bitcoin. That being said I bought a significant amount of Stratis. I mean it’s not rocketscience to speculate when Breeze gets used by most of the privacy focused Bitcoin users, and they’ll have a one click convenient way to trade btc strat back and forth, that’ll have a positive pressure on the price, plus I am confident about my work, too. Bitcoin wallets are the path to customers. An altcoin implementing an innovative Bitcoin wallet is a win-win. To sum up, I am not interested in altcoins, but I am not that stupid to refuse free money when the opportunity presents itself.”
No-one can predict the success or failure of any project but we go a long way if we manage to cut through the clutter to see its vision and potential. We are often quick to latch on to something we recognise as important to the exclusion of all else. For this reason, on seeing that Stratis will have in-built privacy, some may think it is an anon coin. In targeting corporations, others might see it as tool for financiers, or fuel for the next dotcom hype wave or a bridge to gaming and VR through Unity (built with C#). While all of this may or may not come to pass, the real thing we need to keep in mind is that Stratis is not intended to be a single feature app. It is a platform cleverly constructed to marry the dynamic, exciting limitless potential of the blockchain with the powerful tools and experience already out there in the real world. It will do this with an open and collaborative mindset coupled with astute business sense. That is as powerful as it gets.
Special thanks to our community member (‘Stratisfied’) and thanks to all of you that are supporting us. For more information about Stratis take a look at our website.

Staking Stratis on a Raspberry Pi


We have some great news for all of the stakers of the Stratis network. Two of our community members (@demon and @olcko) have made a guide about how to stake your $STRAT on a Raspberry Pi. Special thanks to both of you! We encourage our community to keep taking great initiatives like this. The guide can be found over here.
The $STRAT token is a Proof-of-Stake (POS) token with limited emission and a low inflation rate. Proof of Stake attempts to provide consensus and double spend prevention. With Proof of Stake, the amount of $STRAT you hold influences the amount of reward you receive.
In return for staking your $STRAT, you get rewarded $STRAT tokens. This reward is offered because you help to keep the network stable and secure. It is possible to stake on almost any device, a laptop a desktop etc. Some of the known issues with using a desktop or laptop are that they are power consuming, hardware performance degrades over time and your $STRAT can be less secure on those devices.
An answer for these issues could be found by staking on a Raspberry Pi.

With the Raspberry Pi you have a machine that costs less electricity, has lower purchase costs, it’s small and its very secure.
If you are planning on starting to stake your $STRAT on a Raspberry Pi (a Raspberry Pi 3 in the guide) you can follow the guide step by step to get started. If you encounter any problems or have additional questions regarding staking on a Raspberry Pi please come and join our Discord and ask away.
If you are interested about the staking rewards and statistics about the $STRAT token, please take a look at our Blockchain Explorer. To work with the latest Stratis Wallet, please go to our website.
Happy staking to all of you and a big thank you to @demon and @olcko and all of you that are staking and helping to keep the network secure and stable!

Stratis at the Blockchain Expo – London, U.K.


This past week has been incredibly rewarding for the Stratis team and our community. Our participation in the Blockchain Expo held in London exceeded all our expectations. We can say today, without any doubt, that it was a resounding success: our booth was outstanding and the quantity and quality of attendees with whom we had the opportunity to interact was truly amazing.

It was also very gratifying to meet so many people that already knew about Stratis and wanted to learn more. We were particularly thrilled by the opportunity of working together in public as a team, and greet and meet in person with members of our amazing community and visitors to our exhibition booth.
From the business perspective we are very pleased to have tested and validated in the real world our assumptions about the Stratis project. We had the opportunity of pitching our project to very sophisticated business people and talented developers, and the response has been simply overwhelming.

These past two days have been some of the best I have experienced, everything I believed about the potential of Stratis has been confirmed by decision makers and many C level executives. (Chris Trew – Stratis CEO and Founder)

We received visitors from all over the world: USA, Europe, Asia. It was amazing to show Stratis for the first time to people from Japan, Thailand, Vietnam, Turkey…
We have established between 20-30 new CEO and C-level contacts from companies ranging from Fortune 500 to small startups. We’ve got very interesting exchanges with representatives from Microsoft, Jaguar, Reuters, Cashaa, AIA Group, RBC Capital Markets, Deutsche Bank, etc. From many of them we have already received follow up notes with the most positive reviews and outlining their expectations of working with us. We have even received the first indications of interest in potential financial backing to our operation going forward. We expect to continue conversations and solidifying these relationships in the upcoming days. Also we are already laying up plans to get started with the development of proof of concept requests we have received.
Similarly, we also had the opportunity of meeting with dozens of senior developers and consultants. We got a deeper understanding of how to better and faster integrate our services into Microsoft’s blockchain offering. We are working on the tech aspects for deeper integration.

Summarizing a really good day lots of nice people, many showed interest in Stratis and I had a chat with the Microsoft guys on project Bletchley. It turns out I worked with their boss a few years back (what a great connection!) looking forward for tomorrow. (Dan Gershony, Stratis Blockchain Lead Developer)


As the event wraps up, we are left with the task of developing these new relationships, with the ultimate goal of converting them into paid customers of the Stratis solutions. We will be informing the community, as our efforts mature and translate into firm partnerships and services being delivered.
Following up, the Stratis action moves to the USA. We expect to have very productive meetings between Stratis senior management and key local players, that will help us lay down the foundations for our expansion into the Americas markets. Our agenda also includes key definitions for the Stratis business model, technological development roadmap and corporate organization.
At the end of February we will be attending and exhibiting at the largest C# Developers meetup in the USA West Coast. Chris, Dan and Poly will be attending this special invitation to bring Stratis to this gathering of almost 1000 top C# developers in the USA. Additionally we will have the opportunity of developing our relationship with the C# Corner community and its founder, and explore business opportunities together in the US.
We are finishing preparations for our participation at the C# Corner Conference 2017 in India. We have been confirmed as Platinum Sponsor of the event and will have multiple opportunities of showcasing Stratis to the largest C# developer community in the world: A keynote presentation by our CEO, a session by Dan Gershony and a workshop on the eve of the event. We expect this event to set the stage for our commercial expansion in Asia, with local partnerships and hopefully a strong developer base in the region.
We want to take this opportunity to thank all the collaborators and team members that have helped us with the organization and preparation of these first steps for Stratis. The support of the community has been phenomenal through these days and motivates us to do more, faster, and better.
Last, but not least, we end the week with the nice news of Stratis being added to the reputed exchange Litebit. You can now buy, sell, deposit and withdraw Stratis at Litebit.
As we usual, we end these notes with a “Stratis Future is Bright! ” Have a nice weekend!

Photo Gallery:

Left to Right: Dan Gershony, Krushang Patel and Chris Trew


Never a dull moment for Stratis at the Blockchain Expo 2017 in London, U.K.

Thanks to Ben for this great video!

Nice organization and promotion for the Expo event organizers.

 

Stratis Ledger Wallet Now Available


We are proud to announce that Ledger Wallet now officially supports Stratis. We are number 8 to join the impressive list of cryptocurrencies that Ledger Wallet supports: Bitcoin, Ethereum, Litecoin, Fido U2F, Dogecoin, Zcash, Dash and last but not least Stratis! With the support of Stratis from Ledger Wallet another huge milestone became reality. Just by looking at the other coins that are supported by Ledger Wallet you can imagine what a big achievement this is for all of us. You can use the Ledger Wallet with our new Electrum Stratis Wallet. With the new wallet and the support of the Ledger Wallet you have the possibility to add an extra security layer for your STRAT.
With the Ledger Wallet secrets like private keys are never exposed. Transactions can’t get tampered with, they are physically verified on the embedded screen with a simple press on a button. Needless to say you can keep your STRAT more secure then ever before. Stratis is available on the Ledger Nano S. Stratis will also be available on the Ledger Blue, however at the moment the Ledger Blue is only available for pre-order.
Ledger Nano S is a Bitcoin, Ethereum and Altcoins hardware wallet, based on robust safety features for storing cryptographic assets and securing digital payments. It connects to any computer (USB) and embeds a secure OLED display to double-check and confirm each transaction with a single tap on its side buttons.
Ledger Blue is the most advanced hardware security gear on the market. It boasts multi application execution, and packs enterprise-level crypto-capabilities into a lightweight handheld device designed and crafted in France. It is architected around a Secure Element, featuring a touchscreen and USB & Bluetooth* connectivity.
To celebrate we are giving you the exclusive opportunity to buy a limited edition Stratis Genesis Edition Nano S. We have a limited supply of Stratis Genesis Edition Nano S. You can order one per person right away after this blog post is released. You can order a Stratis Genesis Edition by sending a direct message on Slack to Krushang . Only long-term Stratis supporters apply. Only 15 will be sold. So be quick if you don’t want to miss out on this unique opportunity :).
By purchasing the Limited Genesis Edition you receive the following:

  • Stratis Genesis Edition Nano S
  • USB Cable
  • Instructions and recovery sheet


For more information about Ledger Wallet we recommend you to take a look at their website. Complementing the instructions you receive with the purchase of a Stratis Genesis Edition it’s worth it to take a look at the following video.
https://www.youtube.com/watch?v=jDvoax0oxQs
And last but not least we want to remind you on the following things:

  • If you aren’t a member of our community on Slack we hereby invite you to join us.
  • Don’t forget to upgrade your Stratis Wallet to the latest version (v2.0.0.1). This update prevents older clients from connecting to the network.
  • If you still have unclaimed Stratis coins, now is the time to claim them.

For now keep your STRAT safe, the future is bright for all of us!

 

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