Quote from: hermesesus on August 25, 2019, 07:42:23 AM

Quote from: wolfington12 on August 20, 2019, 09:07:33 PM

Why can't people just swap directly to one another on LN? Why is a lightning node necessary?

Because opening and closing LN channels requires on-chain transactions, and because you can't possibly open channels with every single LN node on the network. This is why payment routings (and liquidity) are fundamental on the LN. All you need is to open one channel with enough local balance on it to be able to send to any other peer on the network, even if you don't have a direct connection with them, the payment will be routed through one or several LN nodes to reach its destination.
Stakenet's masternodes, which will be LN full nodes, will play this role (ensuring payment routing and providing liquidity).

Quote from: m0Ray on August 24, 2019, 03:29:36 PM

These guys know a lot about the business. They will turn the blockchain industry upside down. Since all people will be able to start using bitcoin even more. I think the Lightning Network will kill the altcoin market. But it's not scary because we will be able to use bitcoin with lightning-fast transactions.

On the contrary, Lightning Network is an opportunity for Altcoins, because it simplifies atomic swaps (Lightning Swaps = atomic swaps over the Lightning Network).
Stakenet's aim is to provide a cross-chain architecture for cryptocurrencies, where users can easily operate with any blockchain simply by using Stakenets native coin XSN, as the blockchains are connected to each other through the Lightning Network and other cross-chain technologies.
Stakenet will propose a decentralized exchange (XSN Dex), built on these cross-chain technologies, and run by its Masternodes.

You seem to know a lot about Lightning, so I assume you're following the technology movements closely.
I agree with the fact that this tech opens up a lot of possibilities for altcoins to further enhance the user experience for everyone.
When reading about Lightning and Bitcoin, there's a lot of mixed feelings, since it seems like a centralized solution, hence why I believe Stakenet's decentralized solution is a genius idea to route payments faster than anyone else in the crypto space, further enhancing the experience of BTC and LTC users, who's gonna benefit from trading on the Stakenet platform.

I can see a lot institutions wanting to move their business to lightning as well, since it provides near instant trading, without risking your millions of dollars on a centralized exchange.