What is Stratis?

tl;dr

• Stratis is a blockchain development platform focused on building, testing, and deploying blockchain applications.
  
• It has transitioned to a Layer-1 blockchain platform utilizing Ethereum's codebase and integrated zkSync's Layer-2 scaling technologies.
  
• The platform is set to launch Solplex, a blockchain-based city-building game that incorporates AI.
• Regulated Virtual Asset Provider in Europe, offering crypto-to-fiat payment solutions for businesses.

What is Stratis

Stratis is a versatile blockchain development platform designed to meet the needs of global organizations aiming to build, test, and deploy blockchain applications. Recently, Stratis has transitioned to a Layer-1 blockchain platform utilizing Ethereum's codebase. By integrating zkSync's Layer-2 scaling technologies, Stratis has significantly enhanced transaction throughput and reduced operational costs.

Learn more about: Layer 1 & Layer 2 in Blockchain

Stratis has also introduced its stablecoin solution, called GBPT, which mirrors the UK pound in value. The solution adheres to regulatory standards within the respective jurisdictions, emphasizing compliance and security.

In the gaming sector, Stratis is set to make a significant impact with the launch of Solplex, a blockchain-based city-building game that incorporates artificial intelligence. Developed over a year, Solplex promises to offer a unique and immersive gaming experience by leveraging blockchain technology. The game will enhance gameplay elements such as asset ownership and real-time transactions, showcasing the practical applications of blockchain in the gaming industry.

How Does Stratis Work? 

Stratis operates as a leading blockchain platform built on .NET Core technology, tailored for Microsoft environments. It pioneers genuine .NET Smart Contract execution and offers developers a robust ecosystem with comprehensive tools and SDKs. By focusing on C# and .NET developers, Stratis fosters a global community, equipping them to create blockchain solutions seamlessly. Initiatives like the Decentralized Accelerator support new projects, promoting growth and innovation.

Stratis emphasizes energy efficiency and security, offering multiple consensus algorithms and enterprise-grade governance. Recent innovations include an EVM-based blockchain powered by STRAX, integrating Ethereum's capabilities for enhanced interoperability and DApp development. Stratis continually advances blockchain possibilities, supporting diverse industries with innovative solutions and maintaining a strong commitment to excellence and community-driven development.

Features and dApps from Stratis Ecosystem

The Stratis ecosystem boasts a diverse array of dApps and functionalities that cater to various needs and industries. We've highlighted some of the most intriguing aspects below.

Ticketsphere

On March 29th, 2023, Stratis launched Ticketsphere, a blockchain-based solution that revolutionizes traditional ticketing at events. Traditionally, event tickets are physical pieces of paper that are prone to loss, fraud, and scalping. Ticketsphere transforms this experience by issuing event tickets as NFTs. This ensures secure ownership and eliminates the need for custodial management.

Event organizers and performers using Ticketsphere gain a powerful platform to create and distribute tickets digitally. Each ticket is represented as an NFT, providing unique benefits like immutable ownership and enhanced interaction possibilities through Web3 technologies. Users can purchase tickets using familiar payment methods such as debit/credit cards or bank transfers via Open Banking, bridging the gap between traditional finance and blockchain.

The Ticketsphere mobile app complements the platform, allowing ticket holders to manage and display their tickets digitally. At event venues, organizers utilize the app to verify ticket authenticity efficiently, enhancing security and attendee experience. Beyond entry validation, Ticketsphere empowers organizers to engage attendees with exclusive content, merchandise, and special offers, fostering a deeper connection between event hosts and participants.

Ticketsphere aims to expand its footprint to established venues, catering to a growing demand for ticketing solutions that leverage blockchain's transparency.

Solplex

Solplex is a play-to-earn Web3 game developed on the Stratis blockchain. In a constantly evolving sci-fi universe, Solplex brings together strategy with city-building. Players start with a modest colony and aim to expand into a vast empire. The game revolutionizes city builder games by adding an economic dimension with an in-game currency token. This currency can be earned, traded, and exchanged for real money, adding real-world value to gameplay. 

The game leverages Artificial Intelligence to enhance interactions with NPCs in newly discovered cities. The game employs LLMs to create unique in-game assets, including terrain, characters, and items in real-time. 

Solplex is set to enter beta testing in September 2024, offering early access to a limited number of players.

https://www.youtube.com/watch?v=OCWCbrdOGP4

GBPT Token - A Stablecoin Solution

GPBT is a fiat-backed stablecoin mirroring the UK's GBP in value, developed specifically for the Stratis blockchain. It is regularly audited and managed with transparency. While not as well-known or dominant as other stablecoins, GPBT is the native stablecoin for the Stratis ecosystem.

The History and People Behind Stratis

Stratis' journey began with an ICO that concluded on August 12, 2016, successfully funding its development. Founded by Chris Trew, Stratis aimed to create a flexible blockchain tailored to the needs of global organizations. Chris Trew, with a background in enterprise IT and C# programming, joined forces with Nicolas Dorier, a Bitcoin developer, to bring their vision to life. 

The StratisEVM was later launched on mainnet on March 21st, 2024, marking a significant milestone in its development. This transition to an Ethereum-based codebase enhanced its capabilities in DeFi and gaming, solidifying Stratis' position in the blockchain space.

Stratis Token - STRAX

The Stratis Token or STRAX serves as a gas token on the Stratis blockchain, facilitating transactions and smart contract executions. Additionally, STRAX can be staked to generate passive income, offering holders the opportunity to earn rewards.

Where to get STRAX

You can get STRAX from various widely recognized exchanges, including Binance, Bithumb, Crypto.com, Upbit, and Gate.io. These platforms offer easy access for buying, selling, and trading STRAX tokens.

How to Store STRAX

To store STRAX, you can use any major web3 wallet including MetaMask, Rabby and other wallets that support custom networks

ChainPort and Stratis

ChainPort now supports Stratis for token bridging, so dApps can easily migrate tokens between ecosystems. In addition to dApps, ChainPort supports bridging USDT, USDC, and wETH to Stratis. 

Final Thoughts

Stratis is poised for a bright future with upcoming dApps like Solplex nearing completion. These developments showcase the platform's potential to revolutionize blockchain gaming and expand its ecosystem. 

With innovative projects on the horizon, Stratis is paving the way for exciting advancements.