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I've seen so much buzz around this project on Twitter. What's really the deal with this one?
They claim they'll make crypto easy, that's all I could gather from all the tweets. Got some insights on this one?
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As mentioned above this post, Stakenet is working in private repositories to prevent other projects from stealing their work, which has been under development for the past 2 years now. 10x from here is actually not that unlikely, in fact I believe this project will 50x once it truly launches their DEX with Ethereum integrated, as it will pretty much make Uniswap obsolete. Instant BTC + ETH trading with close to zero fees is hard to beat.  It goes without saying that crypto is a wild west and a lot of projects both big and small have no qualms with shamelessly ripping an idea off and calling it their own. I hope X9 fights back after they published a proposal for EPOS (exertive proof of stake) to have Microsoft file patents for it shortly after. I doubt it, since taking legal actions is pretty costly. Pretty hard to fight versus Microsoft. It's not the point though. The point is that this project will make Unswap and a ton of other DEX's obsolete with instant trading between BTC and ETH pairs, which is pretty fucking amazing  |
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I assume this is just a mockup, right? $1000 on chain fees doesn't sound right  Looks good though, still waiting for the public release of this. The open beta version has been good so far! |
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There are many new exchanges available today that could replace UNISWAP like TOMOCHAIN's tomodex, KOMODO's atomic swap, Solana's SERUM DEX, and a few more coming in the future. They provide good service and have quite a high volume of transactions and are of particular interest to the community.
Stakenet may be a new project with a great idea but it needs a specific product with strong community interest. So far I have just learned about this project. This will hardly guarantee their success.
They are on-chain DEX's, which means high trading fees, and slow trading. Doesn't compare the slightest to Stakenet What does "on-chain" DEX's mean? I've seen these discussions for a while, and don't understand the logic behind on-chain and off-chain. Is it something related to The Lightning Network? A bit confused here.  I just made an inquiry for you. And got a little more explanation about your question here: Onchain DEXs: eg Komodo DEX, uniswap, block dex etc: atomic swaps that happen onchain. So they are limited to blocktime (btc blocktime: 10 minutes), every swap has to be confirmed by every miner, so you have to pay a normal transaction fee to the miners (rember Uniswap fees in july which were like 50-100 USD swap), is not very private as you can see every adress in every explorer and not scalable Offchain DEX: eg Stakenet Dex, they are using Lightning Network and Connext. These are layer 2 solutions, so it is network built on Blockchains (layer 1 == massive security by mining power), a network between nodes. So no miners are involved here, it is offchain=> more privacy as every tx is only stored in your node, never gets broadcasted to the public explorer. Less fees as you dont have to pay the miners, more scalable (eventually up to 1 Mio TX / second) and faster (~ instant) as you dont depend on block limit or blocktime. I hope I have helped you further with this. You can always test the dex yourself or wait for the SSUI of the mclw to be live for everyone. More info can be found in our discord. Thanks a lot for the explanation man. Helped a lot. Might do some extra research into this project. Looks promising! |
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There are many new exchanges available today that could replace UNISWAP like TOMOCHAIN's tomodex, KOMODO's atomic swap, Solana's SERUM DEX, and a few more coming in the future. They provide good service and have quite a high volume of transactions and are of particular interest to the community.
Stakenet may be a new project with a great idea but it needs a specific product with strong community interest. So far I have just learned about this project. This will hardly guarantee their success.
They are on-chain DEX's, which means high trading fees, and slow trading. Doesn't compare the slightest to Stakenet What does "on-chain" DEX's mean? I've seen these discussions for a while, and don't understand the logic behind on-chain and off-chain. Is it something related to The Lightning Network? A bit confused here. |
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Never really heard about this project before, but sounds pretty promising. Have they made successful ETH swaps on The Raiden Network yet? That's all I want to know XSN decided to go with Connext instead of Raiden because it is stable, you can use real ETH instead of wETH and they actively work towards 3rd party integration.  According to the Connext devs, ETH interop has been running in production for 3+ weeks with 0 downtimes. Been reading about this project on 4chan/biz as of lately. Been seeing a lot of FUD, but nothing with much substance in it though. What's the timeline for connext to be integrated into their project? It looks quite promising. X9 has been working on integrating ETH private keys into the DEX since mid-Summer at the latest. They announced that it was coming to private builds at the start of this month. I wouldn't be surprised if we saw it by EOY. Sounds awesome! Thanks  This is definitely on my watch list! |
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If Stakenet can make instant ETH transcactions it's gonna blow up real hard. The majority of the volume would move from Uniswap to Stakenet's DEX just to save on huge transaction fees, and benefit on instant transactions. Pretty exciting It's listed on some pretty awful exchanges though, latest news from their announcement states a new top tier exchange is coming soon though, which is good I guess. Komodo worked on a similar DEX, but they enforced KYC as of lately, so it's not really decentralized anymore |
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Infura seems like a very bad setup for Ethereum. Never been aware of this, and made me curious about Blocknet, which I remember from back in early 2018. Did a quick glance at it, but never really paid too much attention to the project. Thanks for sharing this useful info, time to do some research! If Infura is so bad, why does ETH rely so much on it? Seems fucking dumb, guess nobody cares, lol. I wonder if Blocknet will ever fix this, if they do this project will 500x in price over night, haha The vast minority of Ethereum users have any ideas of how it works, let alone what Infura really is. Most people is investing to get rich quick these days. It's all that matters, profit. Blocknet node owners could make some serious money off of the traffic from Ethereum, just need to be integrated on sites like Metamask etc. "Lots of money" how much are we talking here? Been following this project for the past week or so, and the community seems very active, which is great to see. The upside on this one is huge, I'll definitely take advantage of that! If the network get a small fraction of Infuras daily volume, you can make some SERIOUS bank with this. Millions of dollars is processed in fees every week through Infura, imagine if you could get a tiny fraction of that. 1 node would be enough to make a living |
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I'm accumulating BLOCK right now, since it hasn't been this cheap since the february 2017. It's a gamble, but so is most altcoins right now. I really like the project because of it's tech. Hasn't been hyped up over nothing, the devs has just been keeping the developments running to a point where a lot of the stuff they've been working on is about to be finished. Xlitewallet - Multi Currency with their DEX built into it, for easy and convenient trading + holding all your assets: https://xlitewallet.com/aBlock - ERC20 token, which is gonna be listed on Uniswap real soon, to add liquidity to the project. XRouter - Which is a decentralized oracle network, very similar to Chainlink. Overall this one is my personal 100x bet |
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Why we need another one DEX? traditional DEX like IDEX are not popular anymore nowdays. And we have Yniswap and a lot hardfork of it which support multi-blockchains..
It's crazy how this project hasn't blowned up yet, gives you an idea of how uneducated people in crypto really is when it comes to tech. I see where you are coming from. Although, to be fair it went 30x from March to August this year. T 30X? I've been holding since summer 2018, and I didn't see any 30x gains. The price has been at like $0.05 at it's lowest points, and saw a top around $0.70. That's not even close to 30x |
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Never really heard about this project before, but sounds pretty promising. Have they made successful ETH swaps on The Raiden Network yet? That's all I want to know XSN decided to go with Connext instead of Raiden because it is stable, you can use real ETH instead of wETH and they actively work towards 3rd party integration. According to the Connext devs, ETH interop has been running in production for 3+ weeks with 0 downtimes. Been reading about this project on 4chan/biz as of lately. Been seeing a lot of FUD, but nothing with much substance in it though. What's the timeline for connext to be integrated into their project? It looks quite promising. |
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Never heard of this project, but I'm pretty interested in DEX's since I try to avoid KYC at all costs.
The fact that you can earn from the trading fees as an investor is interesting, something which could jack the price up significantly in the right environment.
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