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Topic: Stakenet VS Komodo. Atomic Swaps / Lightning Swaps DEX (Read 527 times)

jr. member
Activity: 322
Merit: 2
I am a supporter of Stakenet project and I think in the end they will outcome every DEX we currently have on the markets. True , Komodo has 1-2 years ahead of Stakenet when it comes to oldness but if we compare the 2 roadmaps , stakenet could be years away in front of komodo once the roadmap is completed. Lighting Swaps DEX is a future that will attract a lot users to their dex so even Waves and Blocknet are gonna have competitive technology at some point this is why I gather all 3 of them besides Komodo.

Komodo runs on Atomic Swaps
Stakenet on Lightning

Big difference here is speed. Stakenet will be pretty much instant, (like a centralized exchange would be), and personally I believe that's what people wants.
Lightning for speed.
Aggregation for volume.

How can it be beat?
jr. member
Activity: 352
Merit: 3
I am a supporter of Stakenet project and I think in the end they will outcome every DEX we currently have on the markets. True , Komodo has 1-2 years ahead of Stakenet when it comes to oldness but if we compare the 2 roadmaps , stakenet could be years away in front of komodo once the roadmap is completed. Lighting Swaps DEX is a future that will attract a lot users to their dex so even Waves and Blocknet are gonna have competitive technology at some point this is why I gather all 3 of them besides Komodo.

Komodo runs on Atomic Swaps
Stakenet on Lightning

Big difference here is speed. Stakenet will be pretty much instant, (like a centralized exchange would be), and personally I believe that's what people wants.
legendary
Activity: 3346
Merit: 1203
I am a supporter of Stakenet project and I think in the end they will outcome every DEX we currently have on the markets. True , Komodo has 1-2 years ahead of Stakenet when it comes to oldness but if we compare the 2 roadmaps , stakenet could be years away in front of komodo once the roadmap is completed. Lighting Swaps DEX is a future that will attract a lot users to their dex so even Waves and Blocknet are gonna have competitive technology at some point this is why I gather all 3 of them besides Komodo.
jr. member
Activity: 196
Merit: 6
It's surprising how many people in crypto don't know what Lightning swaps are.

If you search for it, you'll get TONS of FUD results though. Lightning is kind of technical (like the rest of the crypto world), so I guess we need so see lightning in real use cases, before people actually start to care that much about it, it's a shame though, since Lightning is such a powerful invention, which will change the way we transact with cryptocurrencies moving forward.
Right now, the only people adopting Lightning are in it for the tech. Everyone who's in crypto for the money - i.e. the vast majority - don't see the incentive just yet.
The projects that do decide to build on Lightning to make it more accessible and profitable... The crypto world is their oyster. No one sees it coming just yet.
Lightning will probably blossom into something quite nice in the near future and it may just take a lot of people by surprise.

True, I believe Lightning will be HUGE moving forward. A great example is a game made as spin off on Fortnite, just running on Lightning instead. Check: Lightnite.io
By playing this game, you can earn actual BTC through gaming, which is something that got's everyones attention. Pretty cool  Grin
jr. member
Activity: 322
Merit: 2
It's surprising how many people in crypto don't know what Lightning swaps are.

If you search for it, you'll get TONS of FUD results though. Lightning is kind of technical (like the rest of the crypto world), so I guess we need so see lightning in real use cases, before people actually start to care that much about it, it's a shame though, since Lightning is such a powerful invention, which will change the way we transact with cryptocurrencies moving forward.
Right now, the only people adopting Lightning are in it for the tech. Everyone who's in crypto for the money - i.e. the vast majority - don't see the incentive just yet.
The projects that do decide to build on Lightning to make it more accessible and profitable... The crypto world is their oyster. No one sees it coming just yet.
Lightning will probably blossom into something quite nice in the near future and it may just take a lot of people by surprise.
jr. member
Activity: 196
Merit: 6
It's surprising how many people in crypto don't know what Lightning swaps are.

If you search for it, you'll get TONS of FUD results though. Lightning is kind of technical (like the rest of the crypto world), so I guess we need so see lightning in real use cases, before people actually start to care that much about it, it's a shame though, since Lightning is such a powerful invention, which will change the way we transact with cryptocurrencies moving forward.
jr. member
Activity: 322
Merit: 2
It's surprising how many people in crypto don't know what Lightning swaps are.
jr. member
Activity: 352
Merit: 3
I’m really excited about that Lightning Dex Tech.
As i read today in their discord something will happen very soon.
Can’t wait for the first comparsion of Lightning Swaps vs Atomic Swaps

Me neither, as far as I'm aware they would do a video on it. Comparing the two. That's gonna be funny to see!
newbie
Activity: 34
Merit: 0
I’m really excited about that Lightning Dex Tech.
As i read today in their discord something will happen very soon.
Can’t wait for the first comparsion of Lightning Swaps vs Atomic Swaps
hero member
Activity: 1008
Merit: 501
You are right about Komodo and the decentralized exchanges. Day by day DEX will get more investors and it's populary is being increased gradually. Most of the big altcoins are already planning to launch their own Decentralized exchanges. This year we have seen Biance DEX, ViteLabs DEX, Populous Dex and so on and recently McAfee announced his own DEX exchanges. So, Komodo is a safe investment for sure. But I am not sure about the Stakenet, But I would prefer Atomic swap than Lightning Swaps.
member
Activity: 406
Merit: 10
Disclaimer: I'm an investor in both projects, so I'm biased.

So recently I've been reading up A LOT on decentralized trading, and peer to peer transactions. All these complaints on KYC submissions on various exchanges makes me confident that DEX's is gonna blow up in the future. This is EXACTLY why I decided to buy into Komodo, since I believe they'll be a huge player in the next alt season. Their Atomic DEX provides peer to peer trading via atomic swaps, but their recent test transactions took about 9 minutes, and that's quite som time to sit and wait compared to centralized exchange trading, hence why I understand why people don't like the DEX solutions currently available.

Next we got Stakenet, who's building a Lightning DEX, providing offchain peer to peer transactions, with near instant transactions, and lower fees. Lightning hasn't been easy to implement on Bitcoin, and there's a lot of doubters, but from what I've seen, this looks extremely promising, for a lot of reasons:

1) Nobody needs to sync with the DEX to use it, since all the chains is held by the masternodes running the DEX.
2) No KYC
3) No Registration process, just straight trading.

Comparing these 2 projects is hard, but it's obvious that I'm actually starting to be way more bullish on Stakenet, since I believe instant transactions will make people actually USE the DEX.

Not a fan of the whole "Binance DEX", since it's not a DEX in the first place. All the transactions is verified by Binance themselves (they own all the nodes), which isn't decentralized at all.

I'll hold both projects, since Komodo is the "safer" investment for now I guess, but I'm sure Stakenet will eventually outperform them.
Thoughts? Smiley

I'd agree with your general sentiment.

Yes, Stakenet could potentially be very successful. But the amount of shills for this project that i've seen based off browsing this section of the forum is a bit too much for my liking in my personal opinion. It could just be investors, but it could also be official parties trying to use the forum as a guerilla marketing tactic.

Komodo on the other hand has been around for longer, and has had a proven team and track record. Perhaps lower returns, but much lower risk as well.

I've been an investor in Stakenet since it's very beginning, and it's frustrates me that projects with a LOT less going for them sits on marketcaps worth hundreds of millions of dollars, with absolutely 0 use cases, or utilities whatsoever.
I've been posting about Stakenet here a lot, truly because I love the project, and believe in it. I'm in no way part of the actual team, just want to make people aware of the project, that's basically it.

Komodo is a decent project as well, as stated, I do hold some - since I believe both projects will do well on their own. Smiley
hero member
Activity: 1666
Merit: 753
Disclaimer: I'm an investor in both projects, so I'm biased.

So recently I've been reading up A LOT on decentralized trading, and peer to peer transactions. All these complaints on KYC submissions on various exchanges makes me confident that DEX's is gonna blow up in the future. This is EXACTLY why I decided to buy into Komodo, since I believe they'll be a huge player in the next alt season. Their Atomic DEX provides peer to peer trading via atomic swaps, but their recent test transactions took about 9 minutes, and that's quite som time to sit and wait compared to centralized exchange trading, hence why I understand why people don't like the DEX solutions currently available.

Next we got Stakenet, who's building a Lightning DEX, providing offchain peer to peer transactions, with near instant transactions, and lower fees. Lightning hasn't been easy to implement on Bitcoin, and there's a lot of doubters, but from what I've seen, this looks extremely promising, for a lot of reasons:

1) Nobody needs to sync with the DEX to use it, since all the chains is held by the masternodes running the DEX.
2) No KYC
3) No Registration process, just straight trading.

Comparing these 2 projects is hard, but it's obvious that I'm actually starting to be way more bullish on Stakenet, since I believe instant transactions will make people actually USE the DEX.

Not a fan of the whole "Binance DEX", since it's not a DEX in the first place. All the transactions is verified by Binance themselves (they own all the nodes), which isn't decentralized at all.

I'll hold both projects, since Komodo is the "safer" investment for now I guess, but I'm sure Stakenet will eventually outperform them.
Thoughts? Smiley

I'd agree with your general sentiment.

Yes, Stakenet could potentially be very successful. But the amount of shills for this project that i've seen based off browsing this section of the forum is a bit too much for my liking in my personal opinion. It could just be investors, but it could also be official parties trying to use the forum as a guerilla marketing tactic.

Komodo on the other hand has been around for longer, and has had a proven team and track record. Perhaps lower returns, but much lower risk as well.
newbie
Activity: 34
Merit: 0
Looks like TPoS from Trezor is in his finishing.
Seen TPoS Tab now on xsnexplorer.io

member
Activity: 406
Merit: 10
i am a huge fan of stakenet because devs of stakenet doing incredible job in lightning network. Currently they are working on MCLW and the true lightning  dex. Mobile version of stakenet wallet is in progress (95%) and  mobile wallet will be compatible on all devices and allow users to access our wallet and its features directly from their mobile device. Many many more features

Cross Chain Proof Of Stake (CCPOS) is something I'm very excited about as well. Should be able to work with Ledger and Trezor, as a cold staking solution. Which means, you can hold XSN, and recieve passive BTC transactions daily on your Ledger, that's something I believe will get a lot of hype eventually. Smiley
newbie
Activity: 3
Merit: 0
i am a huge fan of stakenet because devs of stakenet doing incredible job in lightning network. Currently they are working on MCLW and the true lightning  dex. Mobile version of stakenet wallet is in progress (95%) and  mobile wallet will be compatible on all devices and allow users to access our wallet and its features directly from their mobile device. Many many more features
jr. member
Activity: 352
Merit: 3
KmD is not lightning network based right? Just atomic swaps? I am at a bit of loss understanding why they went this route instead of lightning network like XSN?

Correct. Atomic swaps is used on all DEX solutions this far (unless we're talking about a fake DEX)

Lightning is instant, Atomic Swaps is not.

Are both techs incompatible?

Well, there is a huge difference between the projects. Stakenet's Multi Currency Wallet, will have the DEX itself integrated into it, this means you'll have everything in the same place, making it extremely convenient, and user friendly.
You'll be able to store/send/recieve, and trade all once. Pretty cool when the Multicurrency Lightning Wallet get's released as a mobile app as well, which makes it possible to trade on the go.

Beats Komodo by a long shot, but Stakenet is yet to release their DEX, and Komodo already has one running, so there's that. Smiley
full member
Activity: 173
Merit: 100
Are both techs incompatible?
newbie
Activity: 17
Merit: 0
KmD is not lightning network based right? Just atomic swaps? I am at a bit of loss understanding why they went this route instead of lightning network like XSN?
newbie
Activity: 34
Merit: 0
Here also a helpfull link to understand the bigger picture  Cool

https://link.medium.com/0qRwjPtJs0
jr. member
Activity: 352
Merit: 3
Dig into the Whitepaper  Cool
They use a tokenization Process for non lightning Coins.


Cool, sounds like a workable solution. Guess I'm gonna read the white paper as well to understand the bigger picture here.

Thanks Mike.  Grin
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