Post
Topic
Board Speculation (Altcoins)
Re: Lightning Network - Thoughts?
by
nelson4lov
on 08/04/2020, 17:57:18 UTC
Seen a lot of people argue that DEX's are bad for 2 obvious reasons:


1) Speed of trading
2) Liquidity/volume


Stakenet solves both of these problems with their Lightning Network compatible DEX, which is an integrated part of their multi currency wallet. Off-chain trading is instant, which solves the speed issue.
Next issue is liquidity, which is solves by integrating a "DEX Aggregator", which basically combines other DEX orderbooks into Stakenet's, adding TONS of liquidity, with USDT adding Lightning soon, you'll be able to scalp BTC profits instantly while on the "go", since this will be available as a phone app as well.

It still leaves much to be desired in my opinion. The issue of speed seems to be taken care of but whatever about liquidity? Not so sure. This is why centralized exchanges have always been ahead of decentralized exchanges.  Orderbooks in DeXs are usually thin. I hope stakeNet solves this soon. Kudos to the StakeNet team. They seem to be the only ones concerned about the future of decentralized exchanges.