Quote from: matteo_invst1 on November 23, 2020, 05:17:44 PM

Quote from: Marckolind on November 23, 2020, 04:01:11 PM

Quote from: matteo_invst1 on November 22, 2020, 05:47:13 PM

Quote from: Marckolind on November 22, 2020, 05:05:04 PM

Take a look at Stakenet - XSN.

Stakenet is working on exactly this problem, and have been the leading project in Lightning Network developments since the past 2 years.

They built their own DEX, which is integrated in a multi currency wallet. This makes it easy to use it, and very convenient as well. The Lightning Network is hosted by Stakenet's 2700+ masternodes, which makes the whole setup decentralized.

Instant BTC/LTC/XSN trading is already working fine, next thing they work on is Ethereum integratiion via the Connext protocol. Once this is enabled, you'll have a fully functional DEX, which works pretty much the same way as Uniswap, but transactions will be instant and with extremely low fees.
Not only that, but this DEX had liquidity providers, meaning you can trade through centralized exchanges such as Binance, without needing an account on there, hence NO KYC.

This project isn't as known as it probably should be, but I believe once ETH is integrated, that people will start noticing it, since the biggest problem on Uniswap right now is:

Failed transactions
High Gas Fees
Slow transactions

Wrapping up BTC is like trading with a condom on. It's not really ideal when you can trade the real thing on a 2nd layer solution, as provided by Stakenet.

Here's a picture of how it looks like for reference:

https://i.imgur.com/hNtP3yd.png

This is great; why they worked so under the radar?
I think they solved the biggest problem of BTC scalability by introducing Stakenet DEX!

Decentralized Exchange, Instant trades, low fee, no KYC, and liquidity providers. This is DEX, which feels like CEX!

I guess they've just waited with marketing until they had a good product to show, which is getting close to a full release now. Indeed it feels like a CEX, that's the whole point they're aiming for.
Uniswap got very popular very fast, but the transaction fees is crazy high because the Ethereum network is too congested.

I like Unispaw but as you mentioned it has very high transaction fees. Also, you can't trade with real bitcoin. they create Wrapped version which is not feels good!

Uniswap is a total mess, good liqudity but the transaction fees are WAY too high, which is why I'm thinking Stakenet will at least take a decent marketshare if they can pull this off.