Topic: Stakenet VS Komodo. Atomic Swaps / Lightning Swaps DEX - page 2. (Read 535 times)

Dig into the Whitepaper 
They use a tokenization Process for non lightning Coins.

Will ERC20 tokens be supported assets as well? I'd love that since I'm a pretty big holder of Chainlink among other tokens.

Got it 

You can backup your wallet using a random combination of 12 words, it's the same way the Exodus wallet functions, if you're familiar with it. 

So as there is nobody involved within my wallet then, will there be a Backup functionality to save my fundings?

No, there is no such thing as accounts, registrations, or any personal details needed.

You also don't need to sync with the network, manage multiple wallets at once, or anything like that. You've got everything in one place basically.

And there is no KYC right?
That annoys me much.
Specialy since all that Exchange hacks.

Yeah, it definitely would have saved me a ton of money seeing BTC drop as heavy as it did yesterday. It was down like 18%? Could have saved at least 10% of that loss using tethering up instantly.

Usdt Sounds interesting to me.

So it would be possible to thether up in Wallet.

Would be a very nice feature in times like this 

Not entirely sure yet, but I believe to start off we'll have the following coins supported:

BTC
LTC
XSN

USDT will hopefully be added as well (and other stable coins perhaps). Groestlcoin is also a project that has caught interest, as they are on lightning too.

Is it known what kind of pairs would be available at Launch?

Nice to hear about that progress.
Cant wait for the first reviews on that.

They've got their staking platform for a while now. Cloud.Stakenet.io - XSN, Stratis, and PIVX is supported - Centralized solution to get newbies started with staking.

They invented TPOS - Trustless Proof Of Stake. Works by staking through a merchant who will run a VPS for you, and take a commission for it.  (Both parties gotta accept the percentage fee). The merchant wont be able to spend, or move your coins, just stake it. You can be your own merchant, or find someone who wants to stake your coins.

Next in line is their multi currency lightning wallet - Which is gonna beat most other multi wallets out there, by providing lightning transactions by clicking on a button, no technical stuff needed. Masternodes will route the transactions in the backend. No need to sync, TOR-integration for privacy, and the DEX is gonna be integrated in the wallet later on.
The multi currency wallet is completed, but currently in open BETA, will be released very soon.

Well, it transaction times depend on the coin pairs you want to trade, but I can assure you that none of those trades will be even remotely close to being instant, which bothers me a lot, as I don't see why anyone would sit there and wait, when they could trade instantenously on a centralized exchange?

Yes, the masternodes are rewarded for any dApp they run. The DEX is just ONE dApp which will run on Stakenet. Another dApp currently in open BETA testing is their multi currency wallet with inbuilt lightning swaps, and TOR-integration. The DEX will be implemented into it later on, so you'll have everything in one place. This allows for a lot of cross chain transaction capabilities, including but not limited to: CCPOS (Cross Chain Proof Of Stake), which means you'll be able to STAKE XSN, and be rewarded in BTC if you'd like.



Stakenet's Lightning DEX is actually close to being finished, and their multi currency wallet is in open BETA currently. These will be 2 dApps, powered and run by the masternodes.

Komodo has been in the game for much much longer than Stakenet, yet Stakenet is progressing extremely fast, considering the things they build is worlds first.

To name a few:

TPOS - Trustless Proof Of Stake. First Cold staking solution, invented and coded by the Stakenet team
Multi Currency Lightning Wallet, with inbuilt lightning swaps, (litteraly with a push of a button), and integrated TOR-integration
Lightning DEX which is the first DEX in the world to be powered by a huge network of masternodes, which is gonna route payments through the lightning network.
And much more to come...


Do your own research, Komodo is a very promising project, but it's got a marketcap 17X of Stakenet's. Which is more than enough of a reason to pay attention to this gem of a project.

I dont know much about stakenet but do they have any actual products or DEX to try?

Komodo just made their atomic dex beta public. So that is a product you can get your hands on and test right now.
Seems like stakenet still has a long way to go before any tangible product is out.

https://atomicdex.io/

works on both ios device and android

Have you checked to see how long it now takes  to transfer on komodo? I assume transactions took that long in the past because it was being tested...

I guess the masternodes are rewarded for this?


This doesn't even qualify as decentralized exchange. Shouldn't have been called a DEX. 
I bet the developers would say they took this route for the sake of speed and capacity.

It's nice to see a lot of DEX solutions launching these days.
The Saturn.Network, does it ONLY work with ERC20 tokens? Kind of sucks if it doesn't even support LTC, BTC, or any of the other major coins out there?
Also, I doubt trading is instant, since it would be a centralized solution in that case. Only way to do instant transactions on a DEX, is by using Lightning to route payments back and fourth.

I'll do my own research on the project, thanks for posting man

Not all projects that called themselves a DEX are the same.  Saturn.Network for example is a true DEX, don't Trust - Verify..
"Saturn Network is decentralized exchange for trading Ethereum & Ethereum Classic tokens. Saturn Network is censorship free featuring automated token self-listing and wallet to wallet trading with no deposits or withdrawals required. All paid trading fees are reimbursed with SATURN tokens, and all collected trading fees are shared among SATURN token holders."
1. NO KYC
2. All on change orderbooks
3. Projects are free to self list

Which is EXACTLY why Stakenet is such an awesome project. The Stakenet DEX don't need your personal info, accounts, or anything like that, but one of the best parts is, you don't need to sync up with the network before you start trading either, as all the chains is hosted by the nodes running the DEX.
Not only that, but you'll be able to trade instantenously, with very very low fees.

THAT's "CONVENIENCE" to me at least

There are 2 types of ways you'll be able to trade.

Atomic Swaps
Lightning Swaps

You can do atomic swaps with a lot of coins, way more projects have integrated atomic swaps, compared to Lightning Swaps (For now).

To begin with, you'll be able to trade: BTC/LTC/XSN over Lightning, and as soon as USDT moves to Lightning as well, it's gonna be added as well I'm sure.
This means that you'll be able to spend XSN EVERYWHERE where BTC is accepted as payment. These cross chain transactions will make XSN useful in many ways, including Cross Chain Staking (Check their roadmap). It basically means, you'll be able to STAKE XSN, but instead of recieving XSN, you can choose to recieve BTC or LTC payments instead. So by holding your XSN on a hardware device, you'll be able to make passive BTC gains in the future, which is pretty damn cool

As always, do your own research on the project!

What coins can you trade on first and what coins can you trade n second exchange? Can you list them please.