/biz/ - Business & Finance

Anyone else waiting for Stakenet's Lightning DEX? This is a dApp that will run on Stakenet's masternode network, which is pretty cool, since lightning nodes doesn't have any incentive to run on Bitcoin core (Not profitable enough). These masternodes are already profitable, and lightning transactions on top of the network, only provides even more profit.

Their Multi Currency Wallet with inbuilt Lightning Swaps, and TOR-integration is in beta testing right now, and is another dApp that will run on masternodes. Both of these dApps will be a combined application you can run on your desktop and your mobile phone, from which you can store/send/recieve/and TRADE your coins, while on the go.
Transactions are instant, with basically unlimited transactions/s.

>inb4 but muh.. No volume!

Stakenet's DEX Aggregator combines multiple DEX order books, benefitting all DEX's out there, as it ads a ton of liquidity.
Thanks to the Lightning Network, XSN will be accepted as payment everywhere, where BTC lightning transactions is accepted, since you can swap your XSN for BTC on the fly.

>Stakenet will enhance BTC and LTC, making it even easier to trade without risking your funds on centralized exchanges.

None of them...

XSN will outperform it long term by a long shot.
This project will enhance BTC and LTC once they release the worlds first Lightning DEX, which is pretty soon.

It's a project that evolves around a decentralized masternode network, which will benefit from dApp fees, transaction fees (including privacy), cold staking fees, and more.

Not gonna spoon feed you more than this..

Check their roadmap, and do some digging anon

http://www.stakenet.io/roadmap

On-chain, Bitcoin is capped at 7 tx/sec. The more activity the network sees, the slower transactions become.
As it grows in value, fees increase as well.
Lightning allows for a theoretically unlimited number of transactions at near-zero fees, but it has seen stagnant growth because there's little financial incentive for individuals to adopt it on their own.
XSN's solution involves using its decentralized Masternode network and the collateral locked in them to rout payments, act as watchtowers, and provide a ton of liquidity for transactions.
This will bolster Lightning without centralizing it.
Most masternodes projects has no purpose, but Stakenet actually makes use of all these servers standing idle all around the world.

As XSN is inflationary, the supply will slowly increase over time and allow more masternodes to participate.
With this design and approach, BTC will be able to scale and take on much heavier workloads without hitting any major bottlenecks down the road.

Additionally, XSN's masternodes are going to use lightning to restore some of BTC's inherent privacy and anonymity that was compromised by CEXs and KYC.
By embedding TOR into the network and implementing lightning atomic swaps, anyone will be able to instantly and privately swap a wide variety of coins without ever having to send them somewhere that is out of their control. This will greatly minimize the need for businesses that accept crypto to adopt 10 different types of coins as so many of them can be instantly swapped into BTC.
Imagine a standard Bitcoin qt wallet with an extra tab that offers everything that a full scale exchange has and you have the essence of Stakenet.

Thoughts? Could this pull a Raiblocks, or AntShares? Their DEX is 80% completed on their roadmap, and their Multi Currency Wallet is in open BETA.

On-chain, Bitcoin is capped at 7 tx/sec. The more activity the network sees, the slower transactions become.
As it grows in value, fees increase as well.
Lightning allows for a theoretically unlimited number of transactions at near-zero fees, but it has seen stagnant growth because there's little financial incentive for individuals to adopt it on their own.
XSN's solution involves using its decentralized MN network and the collateral locked in them to rout payments, act as watchtowers, and provide a ton of liquidity for transactions.
This will bolster Lightning without centralizing it.

As XSN is inflationary, the supply will slowly increase over time and allow more masternodes to participate.
With this design and approach, BTC will be able to scale and take on much heavier workloads without hitting any major bottlenecks down the road.

Additionally, XSN's masternodes are going to use lightning to restore some of BTC's inherent privacy and anonymity that was compromised by CEXs and KYC.
By embedding TOR into the network and implementing lightning atomic swaps, anyone will be able to instantly and privately swap a wide variety of coins without ever having to send them somewhere that is out of their control. This will greatly minimize the need for businesses that accept crypto to adopt 10 different types of coins as so many of them can be instantly swapped into BTC.
Imagine a standard Bitcoin qt wallet with an extra tab that offers everything that a full scale exchange has and you have the essence of Stakenet.