Quote from: Ucy on September 18, 2019, 07:08:19 PM

Have you checked to see how long it now takes to transfer on komodo? I assume transactions took that long in the past because it was being tested...

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1) Nobody needs to sync with the DEX to use it, since all the chains is held by the masternodes running the DEX.

I guess the masternodes are rewarded for this?

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Not a fan of the whole "Binance DEX", since it's not a DEX in the first place. All the transactions is verified by Binance themselves (they own all the nodes), which isn't decentralized at all.

This doesn't even qualify as decentralized exchange. Shouldn't have been called a DEX.
I bet the developers would say they took this route for the sake of speed and capacity.

Well, it transaction times depend on the coin pairs you want to trade, but I can assure you that none of those trades will be even remotely close to being instant, which bothers me a lot, as I don't see why anyone would sit there and wait, when they could trade instantenously on a centralized exchange?

Yes, the masternodes are rewarded for any dApp they run. The DEX is just ONE dApp which will run on Stakenet. Another dApp currently in open BETA testing is their multi currency wallet with inbuilt lightning swaps, and TOR-integration. The DEX will be implemented into it later on, so you'll have everything in one place. This allows for a lot of cross chain transaction capabilities, including but not limited to: CCPOS (Cross Chain Proof Of Stake), which means you'll be able to STAKE XSN, and be rewarded in BTC if you'd like.

Quote from: bluntlee on September 18, 2019, 09:26:15 PM

I dont know much about stakenet but do they have any actual products or DEX to try?

Komodo just made their atomic dex beta public. So that is a product you can get your hands on and test right now.
Seems like stakenet still has a long way to go before any tangible product is out.

https://atomicdex.io/

works on both ios device and android

Stakenet's Lightning DEX is actually close to being finished, and their multi currency wallet is in open BETA currently. These will be 2 dApps, powered and run by the masternodes.

Komodo has been in the game for much much longer than Stakenet, yet Stakenet is progressing extremely fast, considering the things they build is worlds first.

To name a few:

TPOS - Trustless Proof Of Stake. First Cold staking solution, invented and coded by the Stakenet team
Multi Currency Lightning Wallet, with inbuilt lightning swaps, (litteraly with a push of a button), and integrated TOR-integration
Lightning DEX which is the first DEX in the world to be powered by a huge network of masternodes, which is gonna route payments through the lightning network.
And much more to come...

Do your own research, Komodo is a very promising project, but it's got a marketcap 17X of Stakenet's. Wink

Which is more than enough of a reason to pay attention to this gem of a project.