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RE: 💡 Stratis releases Identity App Proof of Concept Public Beta 💡 - Price going up as a result

in #cryptocurrency • 7 years ago

From my research so far, Straits a POS crypto, correct? What is the yearly return on a balance of 1000 STR at the moment?

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Yes, it's PoS. I have no clue on the return of staking, as I don't stake myself. I think the return is based on the transaction fees on the network: more usage -> higher return for staking. You can stake any amount and it scales proportionally as far as I know. I do believe currently the rewards are low, as the usage of the Stratis blockchain is still limited.

Ahh, so it's sort of like NEM. The proportional part is good as your returns grows with the network. I like this concept.

I suppose yes. The big selling point of Stratis is that it offers smart contracts in C# and .NET programming languages, similar to NEO. Stratis aims for corporations and is looking to offer enterprise-ready blockchain solutions and is available through Microsoft Azure.
Another thing that sets them apart is that they are implementing a Tumblebit privacy feature where you can anonymize Bitcoin payments.