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RE: What is Stratis and 4 Reasons Why It’s Exceptional
This is the second time I heard about Stratis through a Steemian. Initially, I had no idea that it dealt with smart contracts like Ethereum. I ended up investing in some Stratis primarily because I noticed it went on 20% dips and then 30-60% runs. @Kyungjaechoo could you elaborate on this statement, "Stratis has side chains which allow for smart contracts that don't bloat the network." Does Ethereum not allow for side chains? What are side chains? Are they like forks?
Sure and sorry for the late reply. Ethereum has only one main blockchain. It's like how bitcoin has its own blockchain that consists of a string of "blocks" or digital ledgers. (Those digital ledgers keep track of all transactions.) However, as you may know, Bitcoin's blockchain is congested and that poses a problem for tracking all transactions and thus creates the problem of long transaction times. Ethereum only has one main chain and so all the transactions have to go through that one chain. Sidechains for Stratis may be considered backwards compatible meaning that it isn't like a hard fork. Projects may create dedicated side chains using the Stratis platform and thus work on that specific chain. The side chain would be connected with the main chain, but wouldn't bloat the main chain.