It does look promising as a project "supporting" BTC and LTC in a way.
There are so many projects out there - It's hard to predict which way the market is turning short term, but in the long term I'm sure XSN will do just fine.
Topic: If you're a huge fan of BTC and LTC, You might want to take a look at Stakenet. - page 2. (Read 319 times)
September 17, 2019, 12:42:07 PM
September 16, 2019, 01:53:17 PM
When reading on social networks like Twitter and Facebook, it's clear as day that people are worried about Bitcoins future. I see these questions all the time:
"Do you see Bitcoin as a store of value, OR digital Cash?".
Why can't it be BOTH?
With increasing demand for Bitcoin, it has it's obvious limits, and scaling issues. Lightning is a great fix for that, but the incentive to run a lightning node just isn't there. This is one of the many reasons people don't like Lightning at all.
Stakenet is a "new" project (Launched march 2018) that has been working on Lightning since it's very beginning. In fact, they helped the Litecoin team implementing Lightning on mainnet.
Stakenet is not a "competitor" to Bitcoin at all, quite the opposite actually. Stakenet aims to ENHANCE the user experience of BTC and LTC. How? Stakenet is a masternode coin, which will run the first Lightning DEX protocol in the world, only by utilizing masternodes. This is a genius way to use lightning, since masternodes are paid in multiple ways.
Block rewards
Lightning Transactions
Privacy Transactions
dApps, like The Multi Currency Lightning Wallet
Cold Staking Contracts
And more
So in this setup, there is an actual incentive to run a lightning node, since you already have a server running (your masternode) in the first place!
This means, you'll be able to send and recieve BTC/LTC/XSN over lightning in seconds, and hold them in Stakenet's Multi Currency Wallet. (Which will be available on IOS and Android as well).
This also means, that XSN is accepted as payment everywhere where BTC or LTC is accepted, since you can swap during payment in mere seconds.
Once USDT moves to Lightning as well, you'll be able to trade BTC/USDT straight from your wallet, without EVER moving your funds outside your own wallet. You wont even need an exchange in this case, and it SHOULD really give anyone the peace of mind, that they wont be victim of any exchange hacks moving forward.
What do you guys think? Before anyone comments about the "liquidity" issue of the DEX, go read about their DEX aggregator solution, (order book combining from multiple exchanges) first.
"Do you see Bitcoin as a store of value, OR digital Cash?".
Why can't it be BOTH?
With increasing demand for Bitcoin, it has it's obvious limits, and scaling issues. Lightning is a great fix for that, but the incentive to run a lightning node just isn't there. This is one of the many reasons people don't like Lightning at all.
Stakenet is a "new" project (Launched march 2018) that has been working on Lightning since it's very beginning. In fact, they helped the Litecoin team implementing Lightning on mainnet.
Stakenet is not a "competitor" to Bitcoin at all, quite the opposite actually. Stakenet aims to ENHANCE the user experience of BTC and LTC. How? Stakenet is a masternode coin, which will run the first Lightning DEX protocol in the world, only by utilizing masternodes. This is a genius way to use lightning, since masternodes are paid in multiple ways.
Block rewards
Lightning Transactions
Privacy Transactions
dApps, like The Multi Currency Lightning Wallet
Cold Staking Contracts
And more
So in this setup, there is an actual incentive to run a lightning node, since you already have a server running (your masternode) in the first place!
This means, you'll be able to send and recieve BTC/LTC/XSN over lightning in seconds, and hold them in Stakenet's Multi Currency Wallet. (Which will be available on IOS and Android as well).
This also means, that XSN is accepted as payment everywhere where BTC or LTC is accepted, since you can swap during payment in mere seconds.
Once USDT moves to Lightning as well, you'll be able to trade BTC/USDT straight from your wallet, without EVER moving your funds outside your own wallet. You wont even need an exchange in this case, and it SHOULD really give anyone the peace of mind, that they wont be victim of any exchange hacks moving forward.
What do you guys think? Before anyone comments about the "liquidity" issue of the DEX, go read about their DEX aggregator solution, (order book combining from multiple exchanges) first.
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