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Multi-Currency Wallet and Lightning Swaps — Stakenet Solution

Whilst a lot of blockchain projects are struggling with scalability and trying to prove their decentralization, Stakenet (XSN) is swiftly moving forward in creating interchain capabilities and services that will help in fulfilling its vision of a trustless profit-driven economy. In this article, we will be discussing two important pillars that we are pioneering to provide a highly secure interchain economy for cryptocurrencies and making the world free of centralization.
>Stakenet Multi-Currency Wallet

A cryptocurrency wallet is an important and integral component of the cryptocurrency universe. It is a secure digital wallet which helps in storing and transacting digital currencies like Bitcoin and Ethereum. Most of the coins and tokens have their official wallets but with changing times a lot of independent third-party wallets have surfaced providing a variety of features. Here comes the problem; for every cryptocurrency that a user holds, he also requires a wallet to store it, thus making it cumbersome for the holder to have so many wallets.

Stakenet provides a solution to this problem as Stakenet’s Masternode Network will hold databases and run full nodes of multiple blockchains allowing Stakenet to create a wallet that can securely send, receive and confirm a transaction on separate blockchains. These separate blockchains are held in the second layer which communicates with the first layer nodes providing users a single wallet which can house multiple wallets.

Multi-Currency Wallet and Lightning Swaps — Stakenet Solution

Whilst a lot of blockchain projects are struggling with scalability and trying to prove their decentralization, Stakenet (XSN) is swiftly moving forward in creating interchain capabilities and services that will help in fulfilling its vision of a trustless profit-driven economy. In this article, we will be discussing two important pillars that we are pioneering to provide a highly secure interchain economy for cryptocurrencies and making the world free of centralization.
>Stakenet Multi-Currency Wallet

A cryptocurrency wallet is an important and integral component of the cryptocurrency universe. It is a secure digital wallet which helps in storing and transacting digital currencies like Bitcoin and Ethereum. Most of the coins and tokens have their official wallets but with changing times a lot of independent third-party wallets have surfaced providing a variety of features. Here comes the problem; for every cryptocurrency that a user holds, he also requires a wallet to store it, thus making it cumbersome for the holder to have so many wallets.

Stakenet provides a solution to this problem as Stakenet’s Masternode Network will hold databases and run full nodes of multiple blockchains allowing Stakenet to create a wallet that can securely send, receive and confirm a transaction on separate blockchains. These separate blockchains are held in the second layer which communicates with the first layer nodes providing users a single wallet which can house multiple wallets.

Multi-Currency Wallet and Lightning Swaps — Stakenet Solution

Whilst a lot of blockchain projects are struggling with scalability and trying to prove their decentralization, Stakenet (XSN) is swiftly moving forward in creating interchain capabilities and services that will help in fulfilling its vision of a trustless profit-driven economy. In this article, we will be discussing two important pillars that we are pioneering to provide a highly secure interchain economy for cryptocurrencies and making the world free of centralization.
>Stakenet Multi-Currency Wallet

A cryptocurrency wallet is an important and integral component of the cryptocurrency universe. It is a secure digital wallet which helps in storing and transacting digital currencies like Bitcoin and Ethereum. Most of the coins and tokens have their official wallets but with changing times a lot of independent third-party wallets have surfaced providing a variety of features. Here comes the problem; for every cryptocurrency that a user holds, he also requires a wallet to store it, thus making it cumbersome for the holder to have so many wallets.

Stakenet provides a solution to this problem as Stakenet’s Masternode Network will hold databases and run full nodes of multiple blockchains allowing Stakenet to create a wallet that can securely send, receive and confirm a transaction on separate blockchains. These separate blockchains are held in the second layer which communicates with the first layer nodes providing users a single wallet which can house multiple wallets.

Multi-Currency Wallet and Lightning Swaps — Stakenet Solution

Whilst a lot of blockchain projects are struggling with scalability and trying to prove their decentralization, Stakenet (XSN) is swiftly moving forward in creating interchain capabilities and services that will help in fulfilling its vision of a trustless profit-driven economy. In this article, we will be discussing two important pillars that we are pioneering to provide a highly secure interchain economy for cryptocurrencies and making the world free of centralization.
>Stakenet Multi-Currency Wallet

A cryptocurrency wallet is an important and integral component of the cryptocurrency universe. It is a secure digital wallet which helps in storing and transacting digital currencies like Bitcoin and Ethereum. Most of the coins and tokens have their official wallets but with changing times a lot of independent third-party wallets have surfaced providing a variety of features. Here comes the problem; for every cryptocurrency that a user holds, he also requires a wallet to store it, thus making it cumbersome for the holder to have so many wallets.

Stakenet provides a solution to this problem as Stakenet’s Masternode Network will hold databases and run full nodes of multiple blockchains allowing Stakenet to create a wallet that can securely send, receive and confirm a transaction on separate blockchains. These separate blockchains are held in the second layer which communicates with the first layer nodes providing users a single wallet which can house multiple wallets.

>Multi-Currency Wallet and Lightning Swaps — Stakenet Solution

Whilst a lot of blockchain projects are struggling with scalability and trying to prove their decentralization, Stakenet (XSN) is swiftly moving forward in creating interchain capabilities and services that will help in fulfilling its vision of a trustless profit-driven economy. In this article, we will be discussing two important pillars that we are pioneering to provide a highly secure interchain economy for cryptocurrencies and making the world free of centralization.

>Stakenet Multi-Currency Wallet

A cryptocurrency wallet is an important and integral component of the cryptocurrency universe. It is a secure digital wallet which helps in storing and transacting digital currencies like Bitcoin and Ethereum. Most of the coins and tokens have their official wallets but with changing times a lot of independent third-party wallets have surfaced providing a variety of features. Here comes the problem; for every cryptocurrency that a user holds, he also requires a wallet to store it, thus making it cumbersome for the holder to have so many wallets.

Stakenet provides a solution to this problem as Stakenet’s Masternode Network will hold databases and run full nodes of multiple blockchains allowing Stakenet to create a wallet that can securely send, receive and confirm a transaction on separate blockchains. These separate blockchains are held in the second layer which communicates with the first layer nodes providing users a single wallet which can house multiple wallets.

>Multi-Currency Wallet and Lightning Swaps — Stakenet Solution

Whilst a lot of blockchain projects are struggling with scalability and trying to prove their decentralization, Stakenet (XSN) is swiftly moving forward in creating interchain capabilities and services that will help in fulfilling its vision of a trustless profit-driven economy. In this article, we will be discussing two important pillars that we are pioneering to provide a highly secure interchain economy for cryptocurrencies and making the world free of centralization.

>>20863340
>>20863350
>>20863373
>Stakenet Solution

Crypto exchanges are the mainstay support for the cryptocurrency market as they allow trading of coins thus providing liquidity. Even after being such an important component of the crypto markets, most exchanges are centralized and are operated out of a single central server making them vulnerable to hacking or forced closure by the regulatory authorities. Also, once a user places a trade with a centralized exchange, their coins leave their possession and are stored with the exchange, thus making the user lose the utility and benefits that one receives from the coins. These are some of the potential risks which Stakenet aims to answer with its proposed Stakenet dx (Cross-Chain Lightning Swaps).
With important components such as the Multicurrency wallet and Lightning Swap in place, we are only a few steps away from creating this solution. There are some DEX’s which are currently operating but all of them have some vulnerabilities of centralization, whereas Stakenet would be the first to operate a completely decentralized solution which would be entirely run by Masternodes and not supported by a centralized entity.