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Topic: Intelligent Masternodes? (Read 1008 times)

jr. member
Activity: 322
Merit: 2
June 27, 2020, 11:22:48 AM
#65
I will stick with the transaction like that if you are not offering any service apart from lighting I think those network have been here a while so basically is nothing new and doesnt solve any use case I think you need more to showcase this effectively
Lightning is fast and extremely useful for interchain/interexchange interoperability.
newbie
Activity: 97
Merit: 0
June 25, 2020, 01:22:04 PM
#64
I will stick with the transaction like that if you are not offering any service apart from lighting I think those network have been here a while so basically is nothing new and doesnt solve any use case I think you need more to showcase this effectively

The Lightning Network is just a small part of what these masternodes will support. Cross chain staking, trustless proof of stake, masternode node backed stable coin etc. etc...

Do some research buddy. Seriously.
full member
Activity: 1470
Merit: 103
COMBO 2.0
June 24, 2020, 06:53:32 PM
#63
I will stick with the transaction like that if you are not offering any service apart from lighting I think those network have been here a while so basically is nothing new and doesnt solve any use case I think you need more to showcase this effectively
newbie
Activity: 122
Merit: 0
June 24, 2020, 01:24:26 PM
#62
Intelligent masternodes is something I've never dealt with, but it sure sounds interesting. Traditional masternode projects tend to be looked at as "scams" as they serve NO purpose.

I like the fact that these masternodes are put to work, and actually provides services. It's a cool concept.

More and more projects actually starts using their masternode networks as "service centers" so to speak. It's pretty cool since it's decentralized and easily accessible for the people needing the services.

Stakenet's use case is MASSIVE though, and can't be compared with any other project out there. Node owners will surely make a killing in fees long term.
newbie
Activity: 32
Merit: 0
June 19, 2020, 07:52:57 AM
#61
Intelligent masternodes is something I've never dealt with, but it sure sounds interesting. Traditional masternode projects tend to be looked at as "scams" as they serve NO purpose.

I like the fact that these masternodes are put to work, and actually provides services. It's a cool concept.
jr. member
Activity: 60
Merit: 1
June 18, 2020, 01:42:26 PM
#60
Masternodes are but one component of Stakenet's ecosystem - a hybrid staking/MN network where block reward payout is split 45/45/10 between staking rewards (consensus), MN rewards (2nd layer), and a treasury, respectively.
This 45/45/10 split ensures a balance of representation between the MNs and the staking network by making over-representation of one over another increasingly unprofitable. There can only be so many masternodes running before the incentive to stake and pay less in operational costs becomes the better option and vice-versa.

This is not me saying a bad thing about Stakenet or Masternodes but I have had a lot of experience in staking projects,,, as an amateur and even tried to invest a little bit into getting significant stakes in some projects but my feeling after all that is that in the end only the whales can make a profit and even so at good calculations like you do.

Staking and MNs for some reason does not reward the small players enough.

Stakenet is SO cheap that you can become a "whale" for a tiny amount of money. If you look at the upside potential ($10+/coin). Staking becomes extremely lucrative, even for small holders. The fees involved which is shared among masternodes providing services is what will earn the most though.

Kind of hard knowing what's classified as a "whale", but 100k XSN seems to be a good number. That's less than 1 BTC worth, which is unheard off, haha.
newbie
Activity: 97
Merit: 0
June 17, 2020, 01:13:35 PM
#59
Masternodes are but one component of Stakenet's ecosystem - a hybrid staking/MN network where block reward payout is split 45/45/10 between staking rewards (consensus), MN rewards (2nd layer), and a treasury, respectively.
This 45/45/10 split ensures a balance of representation between the MNs and the staking network by making over-representation of one over another increasingly unprofitable. There can only be so many masternodes running before the incentive to stake and pay less in operational costs becomes the better option and vice-versa.

This is not me saying a bad thing about Stakenet or Masternodes but I have had a lot of experience in staking projects,,, as an amateur and even tried to invest a little bit into getting significant stakes in some projects but my feeling after all that is that in the end only the whales can make a profit and even so at good calculations like you do.

Staking and MNs for some reason does not reward the small players enough.

Stakenet is SO cheap that you can become a "whale" for a tiny amount of money. If you look at the upside potential ($10+/coin). Staking becomes extremely lucrative, even for small holders. The fees involved which is shared among masternodes providing services is what will earn the most though.
hero member
Activity: 2338
Merit: 953
Temporary forum vacation
June 17, 2020, 05:49:05 AM
#58
Masternodes are but one component of Stakenet's ecosystem - a hybrid staking/MN network where block reward payout is split 45/45/10 between staking rewards (consensus), MN rewards (2nd layer), and a treasury, respectively.
This 45/45/10 split ensures a balance of representation between the MNs and the staking network by making over-representation of one over another increasingly unprofitable. There can only be so many masternodes running before the incentive to stake and pay less in operational costs becomes the better option and vice-versa.

This is not me saying a bad thing about Stakenet or Masternodes but I have had a lot of experience in staking projects,,, as an amateur and even tried to invest a little bit into getting significant stakes in some projects but my feeling after all that is that in the end only the whales can make a profit and even so at good calculations like you do.

Staking and MNs for some reason does not reward the small players enough.
full member
Activity: 402
Merit: 101
June 16, 2020, 06:41:18 PM
#57
Base on the image provided it says that bitcoin transactions are expensive/high fees.

But if you are using electrum wallet, you can pay as low as 1 sat per transaction which can be confirmed within the next blocks. So, how can you say that it's a high fee if you're only paying for 1 sat. You can increase it if you want a little quicker.
beside that if any altcoin comparing with bitcoin about the fee and speed transaction they are not to compare with other altcoin where have the same fast speed in transaction like Stellar, BNB and etc
jr. member
Activity: 322
Merit: 2
June 16, 2020, 04:11:58 PM
#56
XSN's solution is capable of effectively solving the Lightning Network's current liquidity problems

How?  With Masternodes?  But they are  centralized..  masternodes make  the coin centralized



Masternodes are but one component of Stakenet's ecosystem - a hybrid staking/MN network where block reward payout is split 45/45/10 between staking rewards (consensus), MN rewards (2nd layer), and a treasury, respectively.
This 45/45/10 split ensures a balance of representation between the MNs and the staking network by making over-representation of one over another increasingly unprofitable. There can only be so many masternodes running before the incentive to stake and pay less in operational costs becomes the better option and vice-versa.

The treasury proposes development strategies and a budget. The masternode owners pay more in operational costs with the intent to offer higher-end services and use-cases. They vote on whether or not to pass the dev budget. Whether it passes or it doesn't, the staking network is the backbone that proves the worth of all efforts involved. If the staking network gets burned, it falls back on the masternodes and the treasury. If the treasury became corrupt and started proposing terrible budgets, the masternode network could vote them down. If the masternode network became corrupt and someone gained absolute authority on the treasury budget, the treasury could simply stop proposing budgets and members of the staking network could use their leverage to briefly increase MN representation for slightly lower profits - forcing the attacker to buy up increasingly unprofitable amounts of the supply at increasingly higher premiums - all to maintain majority control of one component in an ecosystem too decentralized for it to matter. To truly hijack Stakenet, you would have to corrupt all 3 of these pillars or the efforts involved would only blow up on whoever attempted a takeover and create a massive buying opportunity for everyone else. It'd be quite costly and bear no incentive to take either masternode or staking network representation beyond 45%.

Anyone can theoretically purchase 15k XSN right now, create a masternode, and host it however they'd like to. There are ways to run multiple masternodes for under $1/day.
jr. member
Activity: 196
Merit: 6
June 16, 2020, 02:08:29 PM
#55
XSN's solution is capable of effectively solving the Lightning Network's current liquidity problems

How?  With Masternodes?  But they are  centralized..  masternodes make  the coin centralized



i think you should explain me why masternodes make the coin centralized mate ?
because i don't understand what you are talking about buddy

He obviously don't have a clue what a masternode really is, let alone how Stakenet aims to solve some of the most important problems we've got in the crypto space right now. An INSTANT tradeable DEX.

True. It's gonna be a game changer for sure. This video is a MUST see for anyone who hasn't yet seen the DEX in action:

https://www.youtube.com/watch?v=wSNFhFBKmsc
jr. member
Activity: 60
Merit: 1
June 09, 2020, 12:59:33 AM
#54
XSN's solution is capable of effectively solving the Lightning Network's current liquidity problems

How?  With Masternodes?  But they are  centralized..  masternodes make  the coin centralized



i think you should explain me why masternodes make the coin centralized mate ?
because i don't understand what you are talking about buddy

He obviously don't have a clue what a masternode really is, let alone how Stakenet aims to solve some of the most important problems we've got in the crypto space right now. An INSTANT tradeable DEX.
sr. member
Activity: 1050
Merit: 250
Revolutionizing Reward Points
June 07, 2020, 03:06:48 PM
#53
XSN's solution is capable of effectively solving the Lightning Network's current liquidity problems

How?  With Masternodes?  But they are  centralized..  masternodes make  the coin centralized



i think you should explain me why masternodes make the coin centralized mate ?
because i don't understand what you are talking about buddy
jr. member
Activity: 196
Merit: 6
June 05, 2020, 04:25:12 AM
#52
XSN's solution is capable of effectively solving the Lightning Network's current liquidity problems

How?  With Masternodes?  But they are  centralized..  masternodes make  the coin centralized



First of all, why couldn't you post ONCE, instead of spam the thread multiple times? Haha.

Masternodes is FAR from centralized, they are quite the opposite actually. Masternodes makes for a very decentralized network, and the things you can set them to do while they're idle is truly fascinating when you dig down into the tech.
member
Activity: 406
Merit: 10
June 04, 2020, 06:33:20 PM
#51


is the team  of  x9 the same   of  XSN?

The X9 team founded the Stakenet Project.

XSN's solution is capable of effectively solving the Lightning Network's current liquidity problems



Here's the MNs running a DEX that natively executes instant BTC/LTC swaps!  Grin
https://www.youtube.com/watch?v=wSNFhFBKmsc

Imagine when USDT (Tether) implements Lightning to their chain. You'll be able to tether up in seconds whenever you see a massive BTC pump. As this will be available as a phone app, you'll be able to tether up while on the go. Absolutely mind blown!!

can't  this  already be  done  now  without  XSN? ''theterng up in seconds''



Sure it can, but ONLY on centralized exchanges such as Binance, Coinbase, Bittrex etc.

This is a decentralized way to tether up. BIG difference.

XSN's solution is capable of effectively solving the Lightning Network's current liquidity problems

How?  With Masternodes?  But they are  centralized..  masternodes make  the coin centralized



Masternodes is NOT centralized, as they are hosted by different people all over the world. You don't get a more decentralized setup than this, as if one node goes down, another one takes over in seconds.



Here's the MNs running a DEX that natively executes instant BTC/LTC swaps!  Grin
https://www.youtube.com/watch?v=wSNFhFBKmsc

I'd love to see actual trading bots executing orders on the DEX itself. Since we'll have a DEX aggregator combining DEX order books from other DEX's (such as Komodo), liquidity will be of no problem if you want to do some arbitrage. Pretty exciting to see how it plays out

As  far  I understand... only  orders  from decentralized exanges  can be taped into XSN... this  thing can not  compete with the  liquidity provided  by centralized  exanges


You can arbitrage trade from the DEX straight to Binance. Meaning you can buy from the DEX, and sell on Biannce for a profit in mere seconds.

Centralized exchanges will be beaten, just a matter of time.
newbie
Activity: 204
Merit: 0
May 16, 2020, 06:48:49 AM
#50
Here's the MNs running a DEX that natively executes instant BTC/LTC swaps!  Grin
https://www.youtube.com/watch?v=wSNFhFBKmsc

I'd love to see actual trading bots executing orders on the DEX itself. Since we'll have a DEX aggregator combining DEX order books from other DEX's (such as Komodo), liquidity will be of no problem if you want to do some arbitrage. Pretty exciting to see how it plays out

As  far  I understand... only  orders  from decentralized exanges  can be taped into XSN... this  thing can not  compete with the  liquidity provided  by centralized  exanges
newbie
Activity: 204
Merit: 0
May 16, 2020, 06:45:41 AM
#49
Here's the MNs running a DEX that natively executes instant BTC/LTC swaps!  Grin
https://www.youtube.com/watch?v=wSNFhFBKmsc

Imagine when USDT (Tether) implements Lightning to their chain. You'll be able to tether up in seconds whenever you see a massive BTC pump. As this will be available as a phone app, you'll be able to tether up while on the go. Absolutely mind blown!!

can't  this  already be  done  now  without  XSN? ''theterng up in seconds''

newbie
Activity: 204
Merit: 0
May 16, 2020, 06:25:19 AM
#48
XSN's solution is capable of effectively solving the Lightning Network's current liquidity problems

How?  With Masternodes?  But they are  centralized..  masternodes make  the coin centralized

newbie
Activity: 204
Merit: 0
May 16, 2020, 06:23:24 AM
#47
Stakenet's using masternodes for some interesting purposes
https://i.imgur.com/G6IypAd.png
1.) High liquidity
2.) Code agnostic dApps
3.) Native Lightning compatibility

It's a powerful mix.



is the team  of  x9 the same   of  XSN?
jr. member
Activity: 352
Merit: 3
May 16, 2020, 12:41:30 AM
#46
Anyone who hasn't seen the DEX in action before, can see a small gif displaying it here: https://imgur.com/zSxobsV

Here is an example of a user making a purchase of LTC from an ARB Aggregator which has been connected to binance (will be connected to many more DEX’s & exchanges in the future). Once it is sold in the DEX the ARB is buying on binance for a small profit.

There's also this video, which shows a live demonstration of the DEX. Pretty damn cool. https://www.youtube.com/watch?v=wSNFhFBKmsc
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