Stratis
Stratis
Token: STRAT


Stratis was developed to help organisations develop their own private blockchains.

ICO dates
Start date: 2016-06-21
End date: 2016-07-26

Registrated in: United Kingdom

Platform: Stratis

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Table of Contents
Summary .......................................................................................................... 2
Blockchain: a distributed ledger............................................................................ 3
What is the blockchain? .................................................................................... 3
Bitcoin, blockchain 2.0 and the growth of distributed ledger technology .................. 4
Cloud computing ................................................................................................ 5
What is cloud computing? ................................................................................. 5
What is the Stratis platform?................................................................................ 6
Overview ........................................................................................................ 6
Architecture and development ........................................................................... 7
Architecture of th...

Summary
Blockchain or Distributed Ledger Technology (DLT) offers a radically different paradigm
of storing and managing information online. Decentralised ledgers lack the points of
failure and associated security issues of traditional databases and top-down protocols,
whilst at the same time posing their own unique challenges for effective deployment and
maintenance.
The advantages in terms of costs, transparency, immutability, security and confidence
that are characteristic of blockchain solutions mean that financial businesses,
government departments and other organisations are exploring applications of all kinds
with a view to delivering services more profitably and efficiently. However, reliable
deployment of a new blockchain fit for purpose entails extensive overheads in terms of
network infrastructure, development, security and ongoing maintenance. Moreover, use
of an existing blockchain (such as Bitcoin) comes with numerous problems for a
mainstream business, not least because users h...

Blockchain: a distributed ledger
What is the blockchain?
A blockchain or distributed ledger is new way of storing and transferring information.
Centralised databases have been employed for many years by financial corporations and
other organisations to store customer details and record transactions of one kind or
another. These are carefully-guarded and closed systems in which only privileged
operators are allowed to make entries. When a customer transfers money from one bank
account to another, they make a request to the bank to do so on their behalf rather than
engaging directly with the database that holds information about balances. Centralisation
is inherent in the paradigm.
This carries certain implications. A centralised system is one that by definition has a point
of failure. It is also one that implies a power differential because the privileged operators
have the prerogative to intervene - for example, by unilaterally reversing a transaction
or imposing new charges.
The bloc...

Bitcoin, blockchain 2.0 and the growth of
distributed ledger technology
Although Bitcoin is very successful at transferring
value and is an effective form of decentralised
money, from the outset it was recognised that the
same approach could be used to record information
of almost any kind on the same shared basis. As
well as cash, strings of characters on the blockchain
could represent simple messages, ownership of
physical or digital assets or securities, voting
decisions, and so on.
This broader application was developed by a
number of ‘2.0’ platforms including Nxt and
BitShares, amongst others. To date, however, all of
these have been relatively limited in one way or
another, and lack suitability in their current forms
for adoption by real-world financial businesses.
Case study:
Proof of Existence
The immutable and transparent
nature of the blockchain lends
itself to applications in which the
existence of a file or docume...

Cloud computing
What is cloud computing?
Cloud computing refers to the practice of accessing data and IT resources via a remote
provider, rather than relying solely on in-house hardware and software.
In the internet era, businesses and individuals no longer need to purchase and maintain
their own hardware, or even run their own software platforms. Instead, these can be
housed by third parties in dedicated data centres and accessed as and when required.
The benefits of such an approach are extensive. It means that resources can be allocated
and paid for according to need, rather than purchased inefficiently and in advance;
economies of scale are inherent in cloud provision. This allows for far greater flexibility
and control over budgets, as well as enabling companies to scale rapidly when required.
Consequently, almost all of us now use cloud computing in some form, particularly for
email (including popular webmail platforms like Gmail and Yahoo) and storage (cloud
drives such as AWS, OpenDr...

What is the Stratis platform?
Overview
Stratis is a powerful and flexible blockchain Development Platform designed for the needs
of real-world financial services businesses and other organisations that want to develop,
test and deploy applications on the blockchain. Stratis blockchain apps can be developed
in pure C# and can also utilize the Microsoft .NET framework, while also taking advantage
of the powerful Stratis APIs and framework. Stratis significantly simplifies the
development process for creating Blockchain applications and accelerates the
development lifecycle for blockchain development projects. Stratis private chains allow
businesses to deploy their own customised blockchains without the overheads inherent
in running their own blockchain
network infrastructure. Stratis’s turnkey solution enables
developers and businesses to create, test and deploy blockchain-based applications
quickly and easily, all without the costs and security concerns that would otherwise arise
fr...

Architecture and development
The Stratis platform will be built on the C# Stratis Bitcoin Full node platform and
framework. The Stratis Bitcoin Full node will be developed on top of the NBitcoin
library,[6] a near-complete port of Bitcoin Core written in C# and .NET by blockchain
developer Nicolas Dorier. There will also be a C++ Wallet and full node version based on
Bitcoin Core, though the majority of nodes on the network will be NStratis (C#) nodes.
NBitcoin is a complete and proven blockchain framework that is already in use, and will
enable accelerated development.
Stages in NStratis development will include:
1. Development of the Stratis Bitcoin Full Node
2. Fork the Stratis Bitcoin Full Node for NStratis
3. Implement the required changes to NStratis and port Elements sidechains to C#.
Benefits
There are several advantages to building Stratis on the NBitcoin platform.[7]

It was developed in pure C# and it utilizes the Microsoft .NET framework, which
is easier ...

Architecture of the Stratis Bitcoin Full Node
A full node is an application whose goal is to keep track of valid blocks in the blockchain.
It is essentially composed of several layers:

Network Layer
- this deals with which messages are exchanged between full
nodes, and how.

Consensus Layer
- this sets the (blockchain-wide) rules for what is considered a
valid block.

Node Policy Layer
- this adds more restrictive rules than the Consensus Layer to
prevent DDoS (node-wide rule).

Infrastructure Layer
- governs how to store and verify blocks and transactions
efficiently.

Interface Layer -
API for developers to query the state of the node, and/or user
interface.
Interface Layer
Infrastructure Layer
Stratis Bitcoin Full Node (C#)
Node Policy Layer
Consensus Layer
Network Layer
LibConsensus (C++)
NBitcoin (C#)
Bitcoin Core
(C++)
Whi...