Post
Topic
Board Speculation (Altcoins)
Re: Lightning Network - Thoughts?
by
BTCXRPADA
on 14/06/2020, 09:01:32 UTC
It's indeed a very interesting approach they've going on here, and from the tests I've seen on the DEX itself, I can safely say that it's going to be a game changer.

Anyone will be able to trade freely, instantly, and with very low fees, between all their favourite coins and tokens, doesn't get any more convienent than that!
each exchange has a different advantage. some have a large list of assets. of course, that means there is support from many communities. There are also few assets but with low transaction costs. but DEX always provides the best for daily traders who want to buy and sell quickly and in high volume.

You'll be able to buy from centralized exchanges via the Stakenet DEX. It runs through an API, so you can arbitrage back and forth, instantly over the Lightning Network. It's gonna be a real game changer, no doubt.
it looks like in the future this kind of trading will indeed be very in demand. all traders are looking for profit, and now we can see ways to make a profit more easily.

Trading instantly between "heavy" chains such as BTC and LTC is pretty important, and most likely why we haven't seen any REAL usage of DEX's as of lately. CEX's are just way faster to transact on, which is why people just use them instead.
The Lightning Network isn't easy to deal with as well as a standalone thing on top of BTC, so what these guys are working on, is pretty important for ALL DEX's in general.