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Stratis is a cryptocurrency launched in 2016. Conceived as a blockchain-as-a-service platform, it targets financial services enterprises seeking to build, test, and deploy decentralized applications without the overhead of managing custom infrastructure.

The protocol streamlines application development through native C# and .NET integration, lowering the barrier for corporate teams already fluent in Microsoft’s ecosystem. Private sidechains give businesses confidential, permissioned environments while still anchoring to a public mainchain. This architecture addresses a concrete friction: the cost and complexity of standing up an independent blockchain network for prototyping or production use.

Stratis operates on its own blockchain, a codebase forked from Bitcoin’s core and rewritten in C#, settled through a proof-of-stake consensus. The switch from Bitcoin’s energy-intensive model allows token holders to participate in validation directly, securing the ledger by staking rather than mining.

The network uses the X13 hashing algorithm, a chained series of thirteen cryptographic hash functions. It supports smart contract execution, decentralized autonomous organization voting, and masternode operation, all within a sidechain-capable framework that keeps sensitive enterprise data isolated.

Chris Trew, a former enterprise IT specialist and volunteer developer for the Blitz project, founded Stratis and led its initial coin offering in June 2016, raising 915 Bitcoin. The team disperses across the United Kingdom and beyond, with deep expertise in .NET and C# development. The platform entered a competitive BaaS market early, positioning alongside rivals like Lisk—though Stratis’ codebase in C# and emphasis on proprietary sidechains gave it a pitch toward corporations wary of exposing intellectual property.

Long term, Stratis aims to be a one-stop ecosystem for blockchain adoption, abstracting the operational heavy lifting so organizations can focus on application logic. That vision frames the network as infrastructure middleware, not a standalone consumer product.

The native STRAX token fuels transaction fees, powers smart contract executions, and serves as the staking asset for validators who secure the chain. Holders lock tokens in masternodes or delegate to governance proposals, directly influencing protocol upgrades without intermediaries.

Corporate developers spend STRAX to deploy their sidechains, leveraging the main chain’s security while maintaining bespoke block parameters. Stakers earn protocol emissions for validating blocks and finalizing transactions, creating an incentive loop that aligns network health with economic participation. Service providers that run API nodes or full archival infrastructure also settle in the native token, extending its utility beyond pure speculation.

Stratis has a total supply of 2,158,290,440.79 tokens. Currently, 2,158,290,440.79 are in circulation. The full supply is already distributed, with no maximum cap beyond the issued amount. With a market capitalization of $28,245,372, Stratis ranks #702 among all cryptocurrencies.