Xertra (STRAX) — price, overview & secure storage

What is Xertra and who created it?

Stratis is a powerful and flexible Blockchain Development Platform designed for the needs of real-world financial services businesses and other organizations that want to develop, test, and deploy apps on the blockchain. It significantly simplifies the development process for creating Blockchain applications and accelerates the lifecycle for Blockchain development projects. Stratis private chain allows businesses to deploy their own customized blockchain without the costs of running their own blockchain network infrastructure.

Key features of Xertra blockchain

The vision of the Stratis platform is to become a one-stop shop for all blockchain things, mostly becoming a blockchain-as-a-service (BAAS) platform. Technology-wise, it is a clone of Bitcoin’s core code, with a few enhanced features and written in C# language instead of C++. The team is based in the United Kingdom but has a decentralized structure with members spreading across the world. Several people on their management team are well-versed in enterprise software development using .NET and C# – a positive sign considering those are the project’s two primary languages.

How Xertra transactions work

Stratis is competing against other BaaS projects in an increasingly saturated but gigantic space. Lisk may be the largest direct competitor in offering sidechains for businesses. However, Lisk is written in Javascript (not C#) and has sidechains that are more publicly available. The decreased privacy may be a turnoff to corporations looking to keep their code proprietary. The company held an ICO in June 2016 and managed to raise 915 Bitcoin.