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Check this proposal from Stakenet Team about the initial architecture for the upcoming Stage 3 "Hydra" network upgrade
https://medium.com/stakenet/hydra-dex-network-upgrade-proposal-4b00a3a3fb8
The most exciting part of the Hydra stage is:
a percentage of all trading fees from the DEX will go to the Masternode network running the DEX as a commission payment for running infrastructure and the DEX/orderbook itself.
https://medium.com/stakenet/hydra-dex-network-upgrade-proposal-4b00a3a3fb8
The most exciting part of the Hydra stage is:
a percentage of all trading fees from the DEX will go to the Masternode network running the DEX as a commission payment for running infrastructure and the DEX/orderbook itself.
The majority of posts in all those threads are from newbies who seem to be very knowledgeable about crypto, dex's and stakenet which in itself is a red flag.
I would hazard a guess that a lot of those newbies are Alts of other more senior members holding bags of XSN.
I wouldn't invest a single cent in staknet regardless of how good it might be when it's so heavily shilled.
I just talked about the project, share my information about xsn.
No one can force you to buy anything. this is your choice.
Let's talk about the projects and information that you have, not just your account age.
I don't know why everyone here trying to show that they are old bitcoiners and all other people are stupid.
I just talked about the project, share my information about xsn.
No one can force you to buy anything. this is your choice.
Let's talk about the projects and information that you have, not just your account age.
I don't know why everyone here trying to show that they are old bitcoiners and all other people are stupid.
No one can force you to buy anything. this is your choice.
Let's talk about the projects and information that you have, not just your account age.
I don't know why everyone here trying to show that they are old bitcoiners and all other people are stupid.
Hey guys.
In this post, I want to talk about the Stakenet(XSN) project and explain that what are they doing in this project.
Stay with me.
Stakenet is a Lightning Network-ready open-source platform for decentralized applications with its native cryptocurrency – XSN. It is powered by a Proof of Stake blockchain with trustless cold staking and Masternodes. Its use case is to provide a highly secure cross-chain infrastructure for these decentralized applications, where individuals can easily operate with any blockchain simply by using Stakenet and its native currency XSN.
Ok... but what does it actually do and solve?
The moonshot here is the DEX (Decentralised Exchange) that they are building. This is a lightning-network DEX with interchain capabilities. That means you could trade BTC directly for ETH; securely, instantly, cheaply, and privately.
Right now, most crypto is traded to and from Centralised Exchanges like Binance. To buy and sell on these exchanges, you have to send your crypto wallets on that exchange. That means the exchanges have your private keys, and they have control over your funds. When you use a centralized exchange, you are no longer in control of your assets, and depend on the trustworthiness of middlemen. We have in the past of course seen infamous exit scams by centralized exchanges like Mt. Gox.
The alternative? Decentralized Exchanges. DEX's have no central authority and most importantly, your private keys(your crypto) never leaves your possession and are never in anyone else's possession. So you can trade peer-to-peer without any of the drawbacks of Centralised Exchanges.
The problem is that this technology has not been perfected yet, and the DEX's that we have available to us now is not providing cheap, private, quick trading on a decentralized medium because of their technological inadequacies. Take Uniswap for example. This DEX accounts for over 60% of all DEX volume and facilitates the trading of ERC-20 tokens, over the Ethereum blockchain. The problem? Because of the huge amount of transactions that is occurring over the Ethereum network, this has lead to congestion(too many transactions for the network to handle at one time) so the fees have increased dramatically. Another big problem? It's only for Ethereum. You cant, for example, Buy LINK with BTC. You must use ETH.
The solution? Layer 2 protocols. These are layers built ON TOP of existing blockchains, that are designed to solve the transaction and scaling difficulties that crypto as a whole is facing today(and ultimately stopping mass adoption) The developers at Stakenet have seen the big picture, and have decided to implement the lightning network(a layer 2 protocol) into its DEX from the ground up. This will facilitate the functionalities of a DEX without any of the drawbacks of the CEX's and the DEX's we have today.
Heres someone much more qualified than me, Andreas Antonopoulos, to explain this
https://streamable.com/kzpimj
'Once we have efficient, well designed DEX's on layer 2, there won't even be any DEX's on layer 1'
Progress
Please see the latest Developer Update (11/1/21) https://medium.com/stakenet/xsn-core-update-jan-2021-1f2b1f585b58
We are approaching the full release of the Stakenet DEX which will occur before the end of Q1 2021. The Stakenet team were the first to envision this grand solution and have been working on it since its conception in June 2019. They have been making steady progress ever since and right now, the DEX is in an open beta stage where rigorous testing is constant by themselves and the public. For a project of this scale, stress testing is paramount. If the product were to launch with any bugs/errors that would result in the loss of a users funds, this would obviously be very damaging to Stakenet's reputation. So I believe that the developers' conservative approach is wise.
As of now (26/1/21), Connext has been integrated into the DEX and the final stages of testing before full release are underway. Connext is a layer 2 solution for Ethereum which will enable ERC-20 tokens to be tradeable on the DEX. The first BTC-USDT(the biggest trading pair in crypto) trades our now taking place on the DEX!
https://twitter.com/XSNofficial/status/1347258023434018816
Where Can I Buy Stakenet?
Stakenet(XSN) is now available on one of Crypto's biggest tier 1 exchanges, Bitfinex.
https://coinmarketcap.com/currencies/stakenet/markets/
Tokenomics
2.6 Metrics overview (from whitepaper)
Name Stakenet.
Ticker: XSN. Currency Type: Coin.
Consensus: Minting Proof of Stake, Trustless Proof of Stake.
Coinage: Enabled, 24 hours.
Encryption Algorithm: X11.
Block generation time: 60 seconds.
Block size: 1-4 MB.
Final block reward: 20 XSN.
Block reward distribution: 45% Masternodes, 45% staking, 10% treasury.
Masternode collateral: 15 000 XSN.
Governance: Decentralized democracy.
Funding: Decentralized treasury, no initial coin offering, no premine.
Lightning Network: Activated on mainnet.
On-chain scalability: 240 tx/s. On-chain transaction costs: ~0.00001 XSN/kB.
Off-chain scalability: Theoretically infinite tx/s.
Off-chain transaction costs: Virtually zero.
Cross-chain interface: Lightning Swaps, Tokenization Swaps.
XSN is slightly inflationary, much like ETH as this is necessary for the economy to be adopted and work in the long term. There is however a deflationary mechanism in place - all trading fees on the DEX get converted to XSN and 10% of these fees are burned. This puts constant buying pressure on XSN and acts as a deflationary mechanism. XSN has inherent value because it makes up the infrastructure that the DEX will run off and as such Masternode operators and Stakers will see the fee's from the DEX.
Conclusion
We can clearly see that a layer 2 DEX is the future of cryptocurrency trading. It will facilitate secure, cheap, instant and private trading across all coins with lightning capabilities, thus solving the scaling and transaction issues that are holding back crypto today. I don't need to tell you the implications of this, and what it means for crypto as a whole. If Stakenet can launch a layer 2 DEX with Raiden Integration, It will become the primary DEX in terms of volume.
Stakenet DEX will most likely be the first layer 2 DEX(first-mover advantage) and its blockchain is the infrastructure that will host this DEX and subsequently receive its trading fees. It is not difficult to envision a time in the next year when Stakenet DEX is functional and hosting hundreds of millions of dollars worth of trading every single day.
To reiterate, Key highlights of Stakenet’s Layer 2 DEX:
At $30 million market cap, I can't see any other potential investment right now with this much potential upside.
This post has merely served as in the introduction and a heads up for this project, there is MUCH more to cover like vortex liquidity, Masternodes, TOR integration... for now, here is some additional reading. Resources
Whitepaper https://stakenet.io/Stakenet_Whitepaper.pdf
Quick rundown https://medium.com/stakenet/multi-currency-wallet-and-lightning-swaps-stakenet-solution-7d0dafe99105
X9's contributions to LTC https://medium.com/stakenet/litecoin-foundation-and-x9-developers-announce-collaboration-510ca985b6
Exertive Proof of Stake https://medium.com/stakenet/exertive-proof-of-stake-epos-4a999807f9e4
Great write-up of Cross Chain Proof of Stake (i.e. stake XSN, receive BTC) https://medium.com/stakenet/posw-weekly-ccpos-cross-chain-proof-of-stake-de1ac87055cd
The Cypherpunk Standard of Banking https://medium.com/altcoin-magazine/the-cypherpunk-standard-of-banking-88f84a834180
Most recent Dev Update https://medium.com/stakenet/xsn-core-update-jan-2021-1f2b1f585b58
Further reads https://medium.com/stakenet
TLDR; No. Do you want to make money? I'd start with learning how to read.
In this post, I want to talk about the Stakenet(XSN) project and explain that what are they doing in this project.
Stay with me.
Stakenet is a Lightning Network-ready open-source platform for decentralized applications with its native cryptocurrency – XSN. It is powered by a Proof of Stake blockchain with trustless cold staking and Masternodes. Its use case is to provide a highly secure cross-chain infrastructure for these decentralized applications, where individuals can easily operate with any blockchain simply by using Stakenet and its native currency XSN.
Ok... but what does it actually do and solve?
The moonshot here is the DEX (Decentralised Exchange) that they are building. This is a lightning-network DEX with interchain capabilities. That means you could trade BTC directly for ETH; securely, instantly, cheaply, and privately.
Right now, most crypto is traded to and from Centralised Exchanges like Binance. To buy and sell on these exchanges, you have to send your crypto wallets on that exchange. That means the exchanges have your private keys, and they have control over your funds. When you use a centralized exchange, you are no longer in control of your assets, and depend on the trustworthiness of middlemen. We have in the past of course seen infamous exit scams by centralized exchanges like Mt. Gox.
The alternative? Decentralized Exchanges. DEX's have no central authority and most importantly, your private keys(your crypto) never leaves your possession and are never in anyone else's possession. So you can trade peer-to-peer without any of the drawbacks of Centralised Exchanges.
The problem is that this technology has not been perfected yet, and the DEX's that we have available to us now is not providing cheap, private, quick trading on a decentralized medium because of their technological inadequacies. Take Uniswap for example. This DEX accounts for over 60% of all DEX volume and facilitates the trading of ERC-20 tokens, over the Ethereum blockchain. The problem? Because of the huge amount of transactions that is occurring over the Ethereum network, this has lead to congestion(too many transactions for the network to handle at one time) so the fees have increased dramatically. Another big problem? It's only for Ethereum. You cant, for example, Buy LINK with BTC. You must use ETH.
The solution? Layer 2 protocols. These are layers built ON TOP of existing blockchains, that are designed to solve the transaction and scaling difficulties that crypto as a whole is facing today(and ultimately stopping mass adoption) The developers at Stakenet have seen the big picture, and have decided to implement the lightning network(a layer 2 protocol) into its DEX from the ground up. This will facilitate the functionalities of a DEX without any of the drawbacks of the CEX's and the DEX's we have today.
Heres someone much more qualified than me, Andreas Antonopoulos, to explain this
https://streamable.com/kzpimj
'Once we have efficient, well designed DEX's on layer 2, there won't even be any DEX's on layer 1'
Progress
Please see the latest Developer Update (11/1/21) https://medium.com/stakenet/xsn-core-update-jan-2021-1f2b1f585b58
We are approaching the full release of the Stakenet DEX which will occur before the end of Q1 2021. The Stakenet team were the first to envision this grand solution and have been working on it since its conception in June 2019. They have been making steady progress ever since and right now, the DEX is in an open beta stage where rigorous testing is constant by themselves and the public. For a project of this scale, stress testing is paramount. If the product were to launch with any bugs/errors that would result in the loss of a users funds, this would obviously be very damaging to Stakenet's reputation. So I believe that the developers' conservative approach is wise.
As of now (26/1/21), Connext has been integrated into the DEX and the final stages of testing before full release are underway. Connext is a layer 2 solution for Ethereum which will enable ERC-20 tokens to be tradeable on the DEX. The first BTC-USDT(the biggest trading pair in crypto) trades our now taking place on the DEX!
https://twitter.com/XSNofficial/status/1347258023434018816
Where Can I Buy Stakenet?
Stakenet(XSN) is now available on one of Crypto's biggest tier 1 exchanges, Bitfinex.
https://coinmarketcap.com/currencies/stakenet/markets/
Tokenomics
2.6 Metrics overview (from whitepaper)
Name Stakenet.
Ticker: XSN. Currency Type: Coin.
Consensus: Minting Proof of Stake, Trustless Proof of Stake.
Coinage: Enabled, 24 hours.
Encryption Algorithm: X11.
Block generation time: 60 seconds.
Block size: 1-4 MB.
Final block reward: 20 XSN.
Block reward distribution: 45% Masternodes, 45% staking, 10% treasury.
Masternode collateral: 15 000 XSN.
Governance: Decentralized democracy.
Funding: Decentralized treasury, no initial coin offering, no premine.
Lightning Network: Activated on mainnet.
On-chain scalability: 240 tx/s. On-chain transaction costs: ~0.00001 XSN/kB.
Off-chain scalability: Theoretically infinite tx/s.
Off-chain transaction costs: Virtually zero.
Cross-chain interface: Lightning Swaps, Tokenization Swaps.
XSN is slightly inflationary, much like ETH as this is necessary for the economy to be adopted and work in the long term. There is however a deflationary mechanism in place - all trading fees on the DEX get converted to XSN and 10% of these fees are burned. This puts constant buying pressure on XSN and acts as a deflationary mechanism. XSN has inherent value because it makes up the infrastructure that the DEX will run off and as such Masternode operators and Stakers will see the fee's from the DEX.
Conclusion
We can clearly see that a layer 2 DEX is the future of cryptocurrency trading. It will facilitate secure, cheap, instant and private trading across all coins with lightning capabilities, thus solving the scaling and transaction issues that are holding back crypto today. I don't need to tell you the implications of this, and what it means for crypto as a whole. If Stakenet can launch a layer 2 DEX with Raiden Integration, It will become the primary DEX in terms of volume.
Stakenet DEX will most likely be the first layer 2 DEX(first-mover advantage) and its blockchain is the infrastructure that will host this DEX and subsequently receive its trading fees. It is not difficult to envision a time in the next year when Stakenet DEX is functional and hosting hundreds of millions of dollars worth of trading every single day.
To reiterate, Key highlights of Stakenet’s Layer 2 DEX:
- It provides instant and virtually feeless cross-chain trading.
- Users retain full custody of their funds at all times as they own the private key for their wallet.
- Projects and users can run their own hub of the DEX which adds further liquidity to it and can support their chosen currencies.
- “Vortex” enables the DEX to share liquidity with other exchanges, both centralized and decentralized.
- It is run entirely on their decentralized Masternode network.
- The community members who run a master node will earn a share of the fees earned from the DEX.
At $30 million market cap, I can't see any other potential investment right now with this much potential upside.
This post has merely served as in the introduction and a heads up for this project, there is MUCH more to cover like vortex liquidity, Masternodes, TOR integration... for now, here is some additional reading. Resources
Whitepaper https://stakenet.io/Stakenet_Whitepaper.pdf
Quick rundown https://medium.com/stakenet/multi-currency-wallet-and-lightning-swaps-stakenet-solution-7d0dafe99105
X9's contributions to LTC https://medium.com/stakenet/litecoin-foundation-and-x9-developers-announce-collaboration-510ca985b6
Exertive Proof of Stake https://medium.com/stakenet/exertive-proof-of-stake-epos-4a999807f9e4
Great write-up of Cross Chain Proof of Stake (i.e. stake XSN, receive BTC) https://medium.com/stakenet/posw-weekly-ccpos-cross-chain-proof-of-stake-de1ac87055cd
The Cypherpunk Standard of Banking https://medium.com/altcoin-magazine/the-cypherpunk-standard-of-banking-88f84a834180
Most recent Dev Update https://medium.com/stakenet/xsn-core-update-jan-2021-1f2b1f585b58
Further reads https://medium.com/stakenet
TLDR; No. Do you want to make money? I'd start with learning how to read.
Unfortunately, every day bad news came out about XRP. Many exchanges delist the XRP. Right now is hard to tell that XRP will be able to reach the $1. but we should know that in the crypto market future belongs to the Decentralized project.
0.2 BTC in hand.. One Altcoin to invest? Please share your thoughts.
Cardano ADA could be good for Big market cap.
Stakenet XSN could be good for Low market cap.
Stakenet has been working on Lightning Network and other Layer-2 developments. Stakenet DEX is in the public beta phase and is the first one making instant off-chain trades possible.
Noticed this project here, on Reddit, Facebook and through a few Medium articles.
It sure looks promising with a DEX offering instant trading for BTC, LTC, ETH and it's tokens.
I've been trading on Uniswap for a good amount of time, and got the airdrop as well, which was pretty damn cool.
But, it got me wondering. Since trading fees on Stakenet's DEX is shared among node owners, + another part used to buy up and burning XSN from the total supply, you have the best of both worlds:
Deflationary coin, due to coin burn
Incentive to hold onto the coin, as you're rewarded from people using their dApp.
What do you guys think?
If it breaks $1, it's close to a 10x from here, which doesn't seem TOO impossible for a project with these ambitions.
It sure looks promising with a DEX offering instant trading for BTC, LTC, ETH and it's tokens.
I've been trading on Uniswap for a good amount of time, and got the airdrop as well, which was pretty damn cool.
But, it got me wondering. Since trading fees on Stakenet's DEX is shared among node owners, + another part used to buy up and burning XSN from the total supply, you have the best of both worlds:
Deflationary coin, due to coin burn
Incentive to hold onto the coin, as you're rewarded from people using their dApp.
What do you guys think?
If it breaks $1, it's close to a 10x from here, which doesn't seem TOO impossible for a project with these ambitions.
I think they could reach $1. in early 2021.
One of the important factors of coins ranking on Coinmarketcap is the number of exchanges that they listed. Stakenet announced that XSN will be listed in a big CEX and some midrange CEX, making it an even more loveable coin, and their ranking would be around 100.
The team is working under the radar so far, and we are hearing good news about Stakenet DEX, which using Lightning Network to make instant trade possible, and once they run the final version of DEX. The interesting thing is that we can trade BTC/USDT pair on a DEX for the first.
Stakenet DEX will be run by +2700 Masternode, which makes it completely decentralized, and no one could shout it down.
I suggest Stakenet (XSN) Project for long-term investment, and it worth buying. They are working on 2nd layer DEX to solve the ETH and BTC scalability problems using the Lightning Network+ Connext network that makes instant trade possible, with the lowest fees on the market. Stakenet DEX will be run by +2700 Masternode that make it completely decentralized, Moreover,
Masternode owners will be able to profit off of the dApps being built on the Stakenet eco-system. The whole Masternode eco-system will grow and host many dApps, from which they can make passive income through fees.
Masternode owners will be able to profit off of the dApps being built on the Stakenet eco-system. The whole Masternode eco-system will grow and host many dApps, from which they can make passive income through fees.
Looked into Stakenet, and was impressed with their overall roadmap, and through some digging realized they are building their own DEX as well, but not any DEX (Atomic Swaps), but a Lightning based one.
This is pretty cool, since Lightning has seen SO much hate and critisism since the very beginning. There isn't really much of an incentive to run a Lightning node on the Bitcoin network, since it isn't profitable, but when utilizing it on a masternode network, already being paid in the first place to run (block rewards), you have a setup which quite frankly seems genius to me.
Their DEX is an integrated part of a multi currency wallet, currently in open beta testing. You can trade pretty near instantly, and it feels just like a centralized exchange, since you don't need to wait for blockchain confirmations.
Thoughts? This is just a small part of the overall Stakenet project, so it's crazy that this project isn't discussed more than it is.
This is pretty cool, since Lightning has seen SO much hate and critisism since the very beginning. There isn't really much of an incentive to run a Lightning node on the Bitcoin network, since it isn't profitable, but when utilizing it on a masternode network, already being paid in the first place to run (block rewards), you have a setup which quite frankly seems genius to me.
Their DEX is an integrated part of a multi currency wallet, currently in open beta testing. You can trade pretty near instantly, and it feels just like a centralized exchange, since you don't need to wait for blockchain confirmations.
Thoughts? This is just a small part of the overall Stakenet project, so it's crazy that this project isn't discussed more than it is.
I think the future belongs to Decentralized exchanges. where no one can ban your account or suspends withdrawal and ask you for KYC. Stakenet DEX is pretty interesting from this point of view.
Binnace is indeed one of the candidates for the future exchange,
but considering DEX has been quite popular recently, I conclude that Binance is not yet going to be the future exchange,
but there is a chance they can, because Binance has Binance DEX.
but considering DEX has been quite popular recently, I conclude that Binance is not yet going to be the future exchange,
but there is a chance they can, because Binance has Binance DEX.
In my opinion, a Centralized Exchange couldn't be a future exchange. Future belongs to Decentralized Exchanges.
Binance DEX is not really Decenterlized and still controlled by Binance, but Stakenet DEX will be run by +2700 Masternode that makes it completely Decenterlized that no one can control it or shut it down.
Re: Is it possible value of other digital currency will high than Bitcoin
Is it possible value of other digital currency will high than Bitcoin.
People are request to talk about it.
People are request to talk about it.
Yes, yearn finance already surpasses bitcoin in the past & present. It's possible in cryptocurrency to surpass bitcoin price at any time but that doesn't mean it can overtake bitcoin marketcap.
Re: Thoughts on Stakenet? Masternode based DEX and Multi Currency Wallet
Why is it always the low level accounts that keep promoting stakenet? I mean at the end of the day we are talking about something that has a promising future as long as there is an interest to it, without interest and users it will die because it requires volume to stay above threshold in order ot make it work.
All of that problem causes it to require a ton of marketing and that is why people keep shilling it, but it makes no sense to do it here over and over again. Look at this section for example, you will find 10 topics of HEX and stakenet everywhere and anywhere.
However I am not against stakenet I want to make that clear, the "idea" and the development shows that it is something that would be awesome, it is like uniswap type of deal but for everything, I would love it if there were a ton more volume and it would be very easy to use it thanks to that but right now it is not that common and it doesn't really shine that much.
All of that problem causes it to require a ton of marketing and that is why people keep shilling it, but it makes no sense to do it here over and over again. Look at this section for example, you will find 10 topics of HEX and stakenet everywhere and anywhere.
However I am not against stakenet I want to make that clear, the "idea" and the development shows that it is something that would be awesome, it is like uniswap type of deal but for everything, I would love it if there were a ton more volume and it would be very easy to use it thanks to that but right now it is not that common and it doesn't really shine that much.
Just a high-level account can talk about projects here? :|
everyone can talk bout the project that they follow.
Stakenet will shine. need more time.
$ADA, I think after the recent announcement of Cardano, they are making great progress. Exciting roadmap and updates which will definitely pump the Cardano's price.
$ATOM, Cosmos is one of the important projects in the crypto market, which is very powerful. I guess they will break ATH in 2021.
$XSN, Stakenet recent announcement shows that they are doing unique things. They are developing a game-changing DEX, which is completely decentralized. +2700 Masternode will run Stakenet DEX. they are working on Lightning Network (For BTC) and Connext Network(For ETH and ERC20 Tokens) to solve the scalability problem. This DEX will make instant transactions possible with the lowest fees, which feels like a CEX! they will definitely break their ATH in 2021!
$ATOM, Cosmos is one of the important projects in the crypto market, which is very powerful. I guess they will break ATH in 2021.
$XSN, Stakenet recent announcement shows that they are doing unique things. They are developing a game-changing DEX, which is completely decentralized. +2700 Masternode will run Stakenet DEX. they are working on Lightning Network (For BTC) and Connext Network(For ETH and ERC20 Tokens) to solve the scalability problem. This DEX will make instant transactions possible with the lowest fees, which feels like a CEX! they will definitely break their ATH in 2021!
I think Bitcoin will break the 20K before the end of the year.
After a successful lunch of ETH 2.0, In 2021, Ethereum will break ATH.
Cardano's new ATH is not far away due to their recent updates.
I've monitored the Stakenet(XSN) project recently. Sounds like a promising project to me. Their roadmap is unique and interesting. They are working on their own DEX, which will run by +2700 Masternode, making it completely decentralized and secure. I think this project has the potential to break their ATH in 2021.
After a successful lunch of ETH 2.0, In 2021, Ethereum will break ATH.
Cardano's new ATH is not far away due to their recent updates.
I've monitored the Stakenet(XSN) project recently. Sounds like a promising project to me. Their roadmap is unique and interesting. They are working on their own DEX, which will run by +2700 Masternode, making it completely decentralized and secure. I think this project has the potential to break their ATH in 2021.
Re: Which DEX do you believe will be the most used 2 years from now, and why?
The title says it all basically. The DEX competition is HUGE, so many projects seems to be competing in this field.
The first DEX on the market was Blocknet, pretty decent DEX, but there are so many out there.
What do you guys think?
The first DEX on the market was Blocknet, pretty decent DEX, but there are so many out there.
What do you guys think?
I think Stakenet DEX will change the way we trade these days.
A Lightwallet multi-currency wallet with DEX build into and run by +2700 Masternode who will profit from the DEX trading fees. So it is completely decentralized. No KYC.
Stakenet DEX using Lightning Network(For BTC) and Connext Network (For ETH and ERC20 tokens) to solve the scalability problems and make the Instant transactions possible (off-chain on 2nd layer) with the lowest fees.
This is a DEX but feels like a CEX!
Re: Stakenet (XSN) The KING of DEFI - Scaling solution for BTC and ETH
You're welcome, it's at the very bottom of that announcement.
Really excited to see which exchange they've made deals with!
I'm sure it will make it much more appealing for new investors to get onboard.
I'm more excited about the article they published on ETH scalability. A small part here:Really excited to see which exchange they've made deals with!
I'm sure it will make it much more appealing for new investors to get onboard.
Quote
What makes Connext the best choice for our DEX infrastructure is their recently released protocol, Vector, a cross-chain routing network that can bounce between other L2s, ETH shards, primary blockchains and even EVM-compatible chains such as Binance smart chain, Ethereum classic, TOMO chain, and others.
Vector supports conditional transfers routed over intermediary nodes, instant cross-chain and cross-asset transactions, plugin support for non-EVM turing-complete chains, zkRollups, easy deposit/withdraw interface, and low gas costs. All of this is packaged in a lightweight program, containing no more than 2500 lines of code.
Other advantages of Connext are client stability, supporting all operating systems including Windows, and live support for ETH, USDT and DAI. All these mean we will be able to easily add further pairs once we successfully implement and test Vector protocol, making us the first DEX adding support for BTC/USDT and other crypto-stablecoin pairs, without any need for wrapped coins on Ethereum mainnet.
A lot more is in play than I expected. Vector supports conditional transfers routed over intermediary nodes, instant cross-chain and cross-asset transactions, plugin support for non-EVM turing-complete chains, zkRollups, easy deposit/withdraw interface, and low gas costs. All of this is packaged in a lightweight program, containing no more than 2500 lines of code.
Other advantages of Connext are client stability, supporting all operating systems including Windows, and live support for ETH, USDT and DAI. All these mean we will be able to easily add further pairs once we successfully implement and test Vector protocol, making us the first DEX adding support for BTC/USDT and other crypto-stablecoin pairs, without any need for wrapped coins on Ethereum mainnet.
Interesting, do you have a link to that article by any means? I really want to take a deeper look into it
Check this out!
https://medium.com/stakenet/ethereum-scalability-solutions-connext-and-stakenet-xsn-research-4edb29267bb6
After a long time, i am back on the crypto world.I want to hold some coin so please suggest me some good and real project and share your experience.
I have $XSN in my portfolio, I have been monitoring the price for days and it seems XSN already started the rally after their last announcement. They are working on 2nd layer DEX to solve the ETH and BTC scalability problems by using Lightning network (for BTC) + Connext network (for ETH) and make instant trade possible which feels like CEX! They worked under the radar.
read that the team is active and tight partnerships, I think there will be a change in trend soon, what do you think?