Buy Stratos (STOS)
What is Stratos?
Stratos is a decentralised data mesh that provides a scalable, reliable, and self-balanced platform for storage, database, and computation networking. It is designed to facilitate easier data storage and adoption for blockchain and Web 3.0 applications. Stratos aims to enhance the adoption of decentralised data by integrating features like trustlessness, traceability, verifiability, and privacy.
How does Stratos work?
Stratos operates using a three-layer architecture consisting of the blockchain layer, the resource layer, and the meta service layer. Each layer employs a distinct consensus algorithm to address the blockchain trilemma of decentralisation, security, and scalability. The Blockchain Layer uses the Practical Byzantine Fault-Tolerant (PBFT) consensus, the Resource Layer employs Proof-of-Traffic (PoT), and the Meta Service Layer uses Proof-of-Authority (PoA). This multi-consensus approach ensures efficient and secure data processing, and supports smart contracts and decentralised applications (DApps).
What are the potential use cases for Stratos?
Stratos has numerous use cases, including decentralised storage for hot data such as video, audio, and documents. Additionally, it supports blockchain and Web3 applications by providing a distributed environment for DApps and smart contracts. In the financial sector, Stratos is involved in decentralised finance (DeFi) projects, offering decentralised yield and credit protocols. The platform also supports projects in AI-powered DeFi, decentralised data analytics, IoT, identity verification, and security, showcasing a wide range of potential applications.
What is the history of Stratos?
Stratos' development includes significant milestones such as the launch of the Tropos and Mesos testnets, and the mainnet launch in September 2023. Founded by Bin Zhu, Stratos focuses on providing a decentralised infrastructure for blockchain applications. It has introduced innovations like its three-layer architecture and proof-of-traffic consensus mechanism. The company also announced a 1 million STOS developer grant to support projects building on its network. Stratos continues to evolve, with an active community and strategic partnerships aimed at enhancing decentralised cloud solutions.
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Frequently Asked Questions (FAQs)
What is the current price of Stratos (STOS)?
The Stratos price is $0.73007664 AUD, representing a +0.85% from the day prior.
Where is the best place to buy Stratos (STOS) in Australia?
The best place to buy Stratos (STOS) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Stratos (STOS) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Stratos (STOS)?
The trading volume of Stratos (STOS) is $759.7K AUD in the last 24hrs, representing a +0.85% from the day prior.
How can I buy Stratos (STOS)?
Stratos (STOS) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Stratos (STOS)?
The current market cap of Stratos (STOS) is $46.7M AUD.
Can I convert Stratos (STOS) to cash?
Yes - With Coinstash you can convert your Stratos (STOS) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Stratos (STOS) are there?
The current circulating supply of Stratos (STOS) is 65.7M.
Is Coinstash a safe place to buy Stratos (STOS) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Stratos (STOS) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices.