Stakenet (XSN) is defs that shows a huge amount of potential and one to keep an eye on. Here’s why:
- They invented TPoS which is arguably the best offline staking solution.
- They were the first POS/MN coin to implement Segwit, Atomic Swaps and Lightning Network
- They were the first to perform Lightning Swaps on mainnet and publish a guide so anyone could try
- They have confirmed integration with Ledger and Xeeda wallets for Cold Staking
- They formed a partnership with Litecoin Foundation to develop Lightning Network - https://litecoin-foundation.org/lightning-network-collaboration-with-x-9-developers/
- They launched their Cloud Staking platform supporting XSN, PIVX and Stratis currently with more on the way
- They launched their Masternodes as a Service platform which they setup, maintain and update your MN for you. It is a trustless service so you keep your collateral safely in your own wallet
- They launched Masternode monitoring and RSB services.
Now that was all 2018 and was to lay the foundation for what’s coming this year. They just released their roadmap for 2019 and its awesome:
https://stakenet.io/roadmap/ The next release is going to be their Multi-currency Light Wallet which is going to be special. Their MN network is going to host all the Blockchains so the wallet doesn’t need too, you interact with the Blockchains by signing Lightning Invoices. This keeps the wallet lightweight as it only needs to hold your private keys so can be put on any device.
https://medium.com/stakenet/multi-currency-wallet-and-lightning-swaps-stakenet-solution-7d0dafe99105The next thing is their DEX which is also run via the MN network and utilises their Lightning Swap tech. This will mean P2P trading, straight from wallet to wallet, not having to trust a third party with your funds. They also have Frank Amato helping with the design to make sure it is fully featured exchange that has everything a pro trader would need.
They have even more coming as well like privacy features, CCPoS and Dapps hosting. They also have their own Hardware Division which is also going to be bringing new and unique products to market.
The big picture here is that they have a hell of a lot of potential, their Lightning Swap tech alone is game changing. For example a retailer accepts BTC but you have LTC you can pay no problem, the Lightning Swap tech will convert your LTC for you as you make the payment to BTC for the retailer. Oh and the best part is that every services running on the MN network will collect fees for providing the services and all of those fees go back to the MN holders. So for example all the trading fees from the DEX get paid back to MN holders, this provides MNs multiple revenue streams for passive income.
Stakenet are a top tier project with a low tier market cap of around $7M, even going to $14M Mcap is 100% gain and that's still laughably low for what they have already achieved let alone what's to come. Lightning Network is already making a lot of buzz lately and is shaping up to be the hot topic for 2019 and Stakenet are at the forefront of that technology so naturally they will rise up from all of the developments they are making in that field. As this years releases start dropping and people begin to notice things will pick up rapidly. If you look on Ledgers Github you can see they working on a XSN integration right now.
https://github.com/LedgerHQ/lib-ledger-core/pull/79There aren’t many if any projects that have more potential for this year than XSN in my opinion.