FAQ BitCore

Welcome to r/STRAKS!

Welcome to STRAKS!

This thread is built to help users joining STRAKS and the STRAKS community. Please make sure to follow our rules (posted in the sidebar and below). Feel free to use this thread to introduce yourself and ask questions no matter how dumb :). This thread should be considered up to date. However, if you find something that is incorrect, out of date, or simply missing then please contact me or other moderators so we can update it. Thank you!

Getting Started

What is STRAKS?

STRAKS (STAK) is a cryptocurrency platform with only one goal in mind. Innovate e-commerce with the use of digital currency to facilitate smooth, instant, and secure e-commerce transactions.
With e-commerce sales projected to reach over $2.8 trillion in 2018 and $4.8 trillion in 2021 and Bitcoin showing signs of failure due to increasing fees and the inability to process large amounts of transactions, STRAKS seeks to take hold with the ability to process over 11 million transactions a day, 40 times the amount Bitcoin can process. This ensures that STRAKS will be able to handle every single transaction with a low fee. This keeps your transactions in a secure and trusted blockchain where miners keep your transactions and the networks secure and safe, making it the easiest and cheapest way to securely purchase goods online.
 
The main attributes of STRAKS are:

E-commerce

  • With quickly growing global e-commerce sales STRAKS seeks to assert itself by implementing relevant technologies achieved through development that will help make sure e-commerce transactions are smooth and quick.

Open Source

  • Open Source development allows anyone to contribute by simply making a pull request through GitHub. With anyone contributing innovation will lead to rapid product enhancements that will strengthen STRAKS market relevance.

Decentralized Ownership

  • Devolved ownership and access rights, this ensures that the application and STRAKS lifespan are not dependent on a single individual. This allows STRAKS future to be safeguarded, but also your investment and partnerships.

Community Oriented

  • Focusing on the importance of its community, the STRAKS development team is collecting feedback and suggestions from the community. Future implementations such a STRAKS-Vote is on the road-map that will allow STRAKS users to propose suggestions then vote on them. Coins collected from voting will form the basis of funding the idea.

Speed

  • With constant optimization towards transaction speeds you can send and receive STRAKS instantly. With the inclusion of Segwit that increase block-size and capacity it will ensure that the network grows. Segwit with the combination of a block interval of just 60 seconds ensures that your transaction with be confirmed quickly and safely.

Privacy

  • Nothing is more important to STRAKS than its community and investors. Safe-guarding both is key. To ensure that the currency remains fungible the Zerocoin protocol will be implemented. The currency will maintain equal values irrespective of past transactions, as transactions will remain untraceable and anonymous. This allows STRAKS to protect its long-term market position.

Self-funded

  • STRAKS seeks to be 100% self-funded, it has one of the lowest PoW fees on the market. A 5% fee on PoW insures that STRAKS is well-funded through its entire lifespan. This will allow STRAKS to support product development, business development, and operational expenses.
 
Differences Between Other Cryptocurrencies:
Comparison Chart STRAKS Bitcoin Bitcoin Cash Dash ZCash Vertcoin
Bitcoin Version 0.14.2.0 0.16.0 0.14.1.0 0.12.2.0 0.11.2.0 0.13.1.0
Block Size (MB) 4 1 8 1 2 1
Segwit Block Size (MB) 16 4 n/a n/a n/a 4
Block Time (Seconds) 60 600 600 150 150 150
Coin Base Maturity (Confirmations) 100 100 100 100 100 100
Transactions Per Second 133.3 3.3 26.7 13.3 13.3 13.3
Difficulty Algorithm D106 KGW D106 DGW Digishieldv3 KGW
Hashing Algorithm Lyra2rev2 SHA256 SHA256 X11 Equihash Lyra2rev2
ASIC Resistant x x x
Segwit x x x
Segwit2x x x x x x
Segwit4x x x x x x
Lightning Network Compatible x x x
Instant Payouts LN LN x InstantX x LN
Atomic Swaps x x x
Max Coin Supply (Millions) 150 21 21 21 21 84
Budget Funding 5% 0% 0% 10% 20% 0%
Masternodes x x x x
Zerocoin Protocol WIP x x x x x
Zk-snarks x x x x x

Wallet Downloads

Useful Links

Block Explorer: https://straks.info
Discord Channel: https://discord.straks.tech
STRAKS Discord Forums: https://straks.co
STRAKS ANN: https://bitcointalk.org/index.php?topic=2433318.0
STRAKS Facebook: https://facebook.straks.tech
STRAKS GitHub: https://github.com/straks/straks
STRAKS News: https://straks.tech/insight/
STRAKS Telegram: https://telegram.straks.tech
STRAKS Twitter: https://twitter.straks.tech

Exchanges

BarterDEX: https://github.com/KomodoPlatform/BarterDEX
BitexLive: https://bitexlive.com/exchange/BTC-STAK
Coinhouse: https://coinhouse.eu/markets/stakbtc
Crex24: https://crex24.com/exchange/STAK-BTC
CryptoBridge: https://wallet.crypto-bridge.org/market/BRIDGE.STAK_BRIDGE.BTC
Stocks.Exchange: https://stocks.exchange/trade/STAK/BTC
SouthXchange: https://www.southxchange.com/Market/Book/STAK/BTC

Mining Information

Mining Pools

Software

Nvidia:

AMD:

Tutorials

STRAKS Tips

  • The easiest way to find your own STRAKS address is in the STRAKS Core wallet under the File -> Receiving Addresses tab.
  • Encrypting your wallet with a secure password helps ensure that your STRAKS can't be stolen. Do not leave your wallets unencrypted!
  • A community member currently hosts a STRAKS faucet found at https://straks.network . Please be sure to thank MrMcMichael for this service!
submitted by DalmationCadet to straks [link] [comments]

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