Support for DeFi, DEXs, Hyerledger, and Ethereum Added by Stratis
As per the latest report, Stratis, which is a Blockchain as a Service (BaaS), has made a huge announcement for the entire crypto-sector. The platform has announced that it will be providing support to public and private blockchains.
On top of that, the platform is planning to do the same for Hyperledger and Ethereum (ETH). The firm has revealed that it has done this in order to bring in more exposure to the entire cryptocurrency industry. It is aiming to bring in more investors to the DeFi, DEX, Hyperledger, and Ethereum sectors.
The firm has announced that with the launch of the new ecosystem, it will be able to attract more mainstream businesses and institutions towards the platform.
Stratis is a platform that has been introduced to provide businesses from all over the world access to blockchain services. With an aim to achieve more than that, the firm is now supporting interoperability with Ethereum (ETH). With this, the businesses can use the services and technology provided by the Stratis platform. Furthermore, the businesses can interact with millions of Ethereum (ETH) users and several services and features offered by the network.
The platform has recently announced the launch of its wrapped token, titling it as “wSTRAX”. With the launch of the wrapped token, the platform is aiming to bring in more exposure to the decentralized finance (DeFi) sector. It has been confirmed that the wSTRAX and Stratis’s native token STRAX will be linked by a ratio of 1:1. This means that a user will be able to acquire 1 wSTRAX by spending 1 STRAX.
Furthermore, the users will be able to use the wSTRAX wrapped token on the platforms and applications that are built on the Ethereum (ETH) network.
Stratis has been developed with C# language on Microsoft .NET Core Framework and is known for providing a blockchain solution that is Enterprise-Grade.
The Stratis framework focuses on modular blockchain solutions for private blockchain solutions and public blockchain solutions.
When it comes to offering the solution, Stratis offers a Blockchain-as-a-Service (BaaS) solution to the users. This solution has been introduced in order to rule out any complexities or difficulties that can be faced at the time of the launch of a decentralized chain.
For businesses and companies, Stratis provides the best solution as it allows them to provide their users with blockchain-based services. However, businesses and companies do not have to host or administer blockchain environments. This is where Stratis comes in and offers companies the convenience of handling their businesses while Stratis handles the blockchain maintenance and administration.
In order to facilitate the interoperability between Stratis and Ethereum blockchains and make it more efficient and secure, Stratis has recently launched a new protocol named InterFlux.