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341  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: The best Dex Exchange on: September 13, 2019, 11:12:40 PM
I never thought of Volentix being the best though. I heard of the project which claim they can solve the liquidity to which the DEX will have a volume. I don't know if the team can possibly make it but they will need the help of many DEX. The project is EOS base but this isn't the first DEX of EOS platform.

Definitely this one https://app.weidex.market/. And very soon an atomic swap widget will be released as well for trading between different blockchains.

Swapping does also solve the need for volume but if you both work together, you'd be much stronger. Developing interoperability and cross chain transaction will make both of you bigger.

Seriously, spend 10 minutes and look into what Stakenet is working on with their upcoming DEX solution. They solve: Speed, Liquidity, Decentralization, And Cross Chain Transactions

Speed: The Stakenet DEX will run on the Lightning Network by their huge masternode network of more than 2100 nodes, who's gonna be able to run lightning nodes to facilitate and route lightning payments.

Liquidity Liquidity and volume is the biggest issue with ALL DEX's, and Stakenet solves that with their DEX aggregator - Their aggregator will combine multiple order books from different exchanges together, providing TONS of liquidity and actually benefitting everyone who use's DEX's in the first place.

Decentralization: Bitcoin has had it's issues with Lightning, since nobody has an incentive to run a lightning channel, since the rewards are very low to operate one. This is not the case with Stakenet though, as that's just ONE of many features running on the whole network. There will be a multitude of different "income streams" that will be available to masternode owners, on top of block rewards. To name a few:

Block Rewards
Private Transaction Fee's
Lightning Transactions Fee's
Atomic Swap Fee's
dApp Fee's
Cold Staking Fee's (Cold staking will be faciliated by the masternode network if a staker wants to cold stake, while still being in 100% control of his private keys obviously)
Cross Chain Staking Fee's.
And more...

Cross Chain Transactions: The possibilities here is endless, but to give you a cool example, you'll soon be able to stake your XSN, but instead of recieving XSN in rewards, you'll be able to choose any other coin supported by the network. This means that in the future, you'll be able to STAKE XSN, and Recieve BTC straight to your Hardware Device 100% passively.

As always, do your own research. Stakenet's Lightning solution is miles ahead of any other DEX solution I've seen, as I'm sure nobody will bother to wait several minutes between each trade (doing atomic swaps)... Wink
342  Alternate cryptocurrencies / Altcoin Discussion / Re: Stakenet VS Komodo. Atomic Swaps / Lightning Swaps DEX on: September 13, 2019, 10:58:28 PM
Stakenet VS Komodo. Atomic Swaps / Lightning Swaps DEX

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

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 Wink

As always, do your own research on the project!
343  Alternate cryptocurrencies / Altcoin Discussion / Re: The Situation with Bitcoin and Alts on: September 12, 2019, 07:24:02 PM
BTC is king, and it always will be, but it has some major flaws, like it or not.

On-chain, Bitcoin is capped at 7 tx/sec. The more activity the network sees, the slower transactions become.
As it grows in value, fees increase as well.
Lightning allows for a theoretically unlimited number of transactions at near-zero fees, but it has seen stagnant growth because there's little financial incentive for individuals to adopt it on their own.
XSN's solution involves using its decentralized Masternode network and the collateral locked in them to rout payments, act as watchtowers, and provide a ton of liquidity for transactions.
This will bolster Lightning without centralizing it.
Most masternodes projects has no purpose, but Stakenet actually makes use of all these servers standing idle all around the world.

As XSN is inflationary, the supply will slowly increase over time and allow more masternodes to participate.
With this design and approach, BTC will be able to scale and take on much heavier workloads without hitting any major bottlenecks down the road.

Additionally, XSN's masternodes are going to use lightning to restore some of BTC's inherent privacy and anonymity that was compromised by CEXs and KYC.
By embedding TOR into the network and implementing lightning atomic swaps, anyone will be able to instantly and privately swap a wide variety of coins without ever having to send them somewhere that is out of their control. This will greatly minimize the need for businesses that accept crypto to adopt 10 different types of coins as so many of them can be instantly swapped into BTC.
Imagine a standard Bitcoin qt wallet with an extra tab that offers everything that a full scale exchange has and you have the essence of Stakenet.




I'm a huge fan of Lightning, but don't like the centralized part of it - Seems like Stakenet got a solution to make it Decentralized, which is pretty damn cool.
The project aims to enhance the user experience of BTC and LTC payments with their upcoming dApps like their Lightning DEX, and Multi Currency Lightning Wallet.

What are you guys thoughts on this? Honestly if crypto ever goes mainstream, you'd be waiting WEEKS, if not MONTHS for your BTC and LTC transactions to arrive, which is simply not sustainable, let alone the increasing high fees.
I know there are crypto alternatives like NANO, but BTC will play a HUGE role in crypto moving forward, and needs to scale properly.
344  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: Is it safe to exchange big amounts? on: September 12, 2019, 07:13:33 PM
Hey.
Is it safe to exchange big amounts on non-custodial exchangers like changelly or shapeshift, or are they designed for small transactions?
I'm a newbie and I want to know if it's safe. Also, I want to know if it's safe to exchange crypto on classical exchanges like binance.

Reading this makes me SO confident in Decentralized Exchanges, who's gonna take over soon.
Nobody should be worried when dealing with crypto, but with all these exchange hacks, phising attacks, and various scams out there, it's no wonder people are scared of losing their funds.

What if you could trade instantenously, while being in 100% control of your private keys and funds all at the same time? Take a look at Stakenet, and what they do with Lightning Transactions, it's truly a game changer.
I know I'm gonna sound like a stupid "shill" just wanting to promote the project, but do your own research man.

On-chain, Bitcoin is capped at 7 tx/sec. The more activity the network sees, the slower transactions become.
As it grows in value, fees increase as well.
Lightning allows for a theoretically unlimited number of transactions at near-zero fees, but it has seen stagnant growth because there's little financial incentive for individuals to adopt it on their own.
XSN's solution involves using its decentralized MN network and the collateral locked in them to rout payments, act as watchtowers, and provide a ton of liquidity for transactions.
This will bolster Lightning without centralizing it.

As XSN is inflationary, the supply will slowly increase over time and allow more masternodes to participate.
With this design and approach, BTC will be able to scale and take on much heavier workloads without hitting any major bottlenecks down the road.

Additionally, XSN's masternodes are going to use lightning to restore some of BTC's inherent privacy and anonymity that was compromised by CEXs and KYC.
By embedding TOR into the network and implementing lightning atomic swaps, anyone will be able to instantly and privately swap a wide variety of coins without ever having to send them somewhere that is out of their control. This will greatly minimize the need for businesses that accept crypto to adopt 10 different types of coins as so many of them can be instantly swapped into BTC.
Imagine a standard Bitcoin qt wallet with an extra tab that offers everything that a full scale exchange has and you have the essence of Stakenet.




I'm a huge fan of Lightning, but don't like the centralized part of it - Seems like Stakenet got a solution to make it Decentralized, which is pretty damn cool.
The project aims to enhance the user experience of BTC and LTC payments with their upcoming dApps like their Lightning DEX, and Multi Currency Lightning Wallet.

What are you guys thoughts on this? Honestly if crypto ever goes mainstream, you'd be waiting WEEKS, if not MONTHS for your BTC and LTC transactions to arrive, which is simply not sustainable, let alone the increasing high fees.
I know there are crypto alternatives like NANO, but BTC will play a HUGE role in crypto moving forward, and needs to scale properly.
345  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Shill Me Your Altcoins on: September 12, 2019, 07:05:14 PM
Take a look at Stakenet, seriously.

On-chain, Bitcoin is capped at 7 tx/sec. The more activity the network sees, the slower transactions become.
As it grows in value, fees increase as well.
Lightning allows for a theoretically unlimited number of transactions at near-zero fees, but it has seen stagnant growth because there's little financial incentive for individuals to adopt it on their own.
XSN's solution involves using its decentralized Masternode network and the collateral locked in them to rout payments, act as watchtowers, and provide a ton of liquidity for transactions.
This will bolster Lightning without centralizing it.

As XSN is inflationary, the supply will slowly increase over time and allow more masternodes to participate.
With this design and approach, BTC will be able to scale and take on much heavier workloads without hitting any major bottlenecks down the road.

Additionally, XSN's masternodes are going to use lightning to restore some of BTC's inherent privacy and anonymity that was compromised by CEXs and KYC.
By embedding TOR into the network and implementing lightning atomic swaps, anyone will be able to instantly and privately swap a wide variety of coins without ever having to send them somewhere that is out of their control. This will greatly minimize the need for businesses that accept crypto to adopt 10 different types of coins as so many of them can be instantly swapped into BTC.
Imagine a standard Bitcoin qt wallet with an extra tab that offers everything that a full scale exchange has and you have the essence of Stakenet.




I'm a huge fan of Lightning, but don't like the centralized part of it - Seems like Stakenet got a solution to make it Decentralized, which is pretty damn cool.
The project aims to enhance the user experience of BTC and LTC payments with their upcoming dApps like their Lightning DEX, and Multi Currency Lightning Wallet.

What are you guys thoughts on this? Honestly if crypto ever goes mainstream, you'd be waiting WEEKS, if not MONTHS for your BTC and LTC transactions to arrive, which is simply not sustainable, let alone the increasing high fees.
I know there are crypto alternatives like NANO, but BTC will play a HUGE role in crypto moving forward, and needs to scale properly.

This is just ONE dApp that will run on the Stakenet eco-system. Check out www.stakenet.io/roadmap and check what these guys are up to.
346  Alternate cryptocurrencies / Altcoin Discussion / Re: Stakenet VS Komodo. Atomic Swaps / Lightning Swaps DEX on: September 12, 2019, 06:59:04 PM
Most times "decentralization" is just a fad,what concerns people is "CONVENIENCE"

Agreed, and Stakenet is exactly that. I think you'd be surprised if you actually tried out their new multi currency wallet. (with Lightning swaps, and TOR integration). It's in beta testing, so you need to join their Discord server, and ask to test it, from what I've seen and heard, it works pretty damn well!
Still waiting for an official release Smiley
347  Alternate cryptocurrencies / Altcoin Discussion / Re: Stakenet VS Komodo. Atomic Swaps / Lightning Swaps DEX on: August 28, 2019, 04:49:40 PM
Komodo is a decent project, which I've been following since the start of 2017, had a great run and their developers seem to know what they're doing. I did see their Atomic Swap test, and was impressed by it, but quickly realized that it's gonna take some real nerds to actually believe in it, and use it for daily trading. It's slow when you think about it. 9 seconds seems like a quick trading time, but in reality, it's like using the internet with 56kbit modem back in the early 2000's.

I believe Stakenet's DEX solution is far more promising, with near instant transactions, privacy, and lower fees. Sure it's a newer project, and they have to prove themselves more than KMD, but it looks promising so far.
348  Alternate cryptocurrencies / Altcoin Discussion / Re: crypto and gold on: August 28, 2019, 03:42:00 PM
Silver is gonna outperform Gold massively. The silver to gold ratio is completely out of whack, so anyone looking to buy metals, I'll suggest you to pick up some silver.
The price of silver is already moving faster than gold as of the last few days percentage wise.

Everyone should own at least some silver, and some gold. Silver being the most undervalued asset on earth, (yeah, do your own research, if you don't believe this statement). If you look into the history of metals, silver should be way over $700/ounce compared to the price of gold by now.

Crypto is way riskier, but I agree that there are tons of profits to make (and lose potentially).

The safe bet is always BTC, but I believe peoples greedyness will soon be seen in the altcoins, since it's a fantastic way to make more BTC once alts has bottomed out, only the big boys decides when it's time though, and it's based on the products getting released to the public from these altcoin projects as well.

Personally I've diversified SOME of my BTC into XSN, who I believe will be one of the projects changing the whole crypto world with decentralized trading over lightning, which quite frankly is something everyone wants.
Instant trading, no sign-up proccess, NO KYC, all while being in control of your own private keys.


The current DEX solutions is way too slow using Atomic Swaps.

Do your own research though, not here to spoonfeed you everything Smiley Their roadmap is incredibly promising though, and they've delivered everything they promised so far.
349  Alternate cryptocurrencies / Altcoin Discussion / Re: Investing in multiple altcoins on: August 28, 2019, 03:01:58 PM
Not a bad choice of coins, but look into Stakenet, which i highly believe can be a high contender to become a HUGE project by the end of the year since that's where they'll release the worlds first Lightning DEX.

Most DEX solutions sucks ass, since they use Atomic Swaps to facilitate the trading, which takes way too much time compared to a centralized solution.
Day traders want instant trades, with as small of a fee as possible, and at the same time, wants to avoid KYC.

This is where Stakenet's Lightning DEX might take a huge lead in the future, since their Lighning DEX will be (unlike some of the other wannabe DEX solutions) completely decentralized

The concept is unique, since you make the masternodes host all the chains on DEX, this makes running a masternode slightly more expensive compared to your normal VPS, however it benefits the consumer who wants to USE the DEX. Why?

1) You DON'T need to sync with the DEX (Since the DEX is synced by the masternodes running at all times)
2) Near instant transactions between lightning compatible coins
3) Extremely low fees if you trade over lightning
4) NO KYC
5) NO Registration Process

This is just 1 dApp running on this eco-system. They built a multi currency lightning wallet as well, with 1-click lightning swaps, and TOR-integration, which is currently in BETA testing. Available soon for Android/IOS/Desktop.

Do your own research, however this has the best chance of becoming the industry standard later on, for sure!
350  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Which coin now you think had a good future on: August 28, 2019, 02:54:49 PM
I'm diversifying into XSN (Stakenet) for a lot of reasons, but the biggest reason is as follows:

Most DEX solutions sucks ass, since they use Atomic Swaps to facilitate the trading, which takes way too much time compared to a centralized solution.
Day traders want instant trades, with as small of a fee as possible, and at the same time, wants to avoid KYC.

This is where Stakenet's Lightning DEX might take a huge lead in the future, since their Lighning DEX will be (unlike some of the other wannabe DEX solutions) completely decentralized

The concept is unique, since you make the masternodes host all the chains on DEX, this makes running a masternode slightly more expensive compared to your normal VPS, however it benefits the consumer who wants to USE the DEX. Why?

1) You DON'T need to sync with the DEX (Since the DEX is synced by the masternodes running at all times)
2) Near instant transactions between lightning compatible coins
3) Extremely low fees if you trade over lightning
4) NO KYC
5) NO Registration Process

This is just 1 dApp running on this eco-system. They built a multi currency lightning wallet as well, with 1-click lightning swaps, and TOR-integration, which is currently in BETA testing. Available soon for Android/IOS/Desktop.

Do your own research, however this has the best chance of becoming the industry standard later on, for sure!
351  Alternate cryptocurrencies / Speculation (Altcoins) / Re: are you ready for the next ride on: August 28, 2019, 02:51:42 PM
Alts will recover as soon as the whales decides to move them.

Don't forget that alts are a way to make a TON of BTC in a short time frame, and you can be sure that a lot of the whales wants to push alts eventually to position themselves better in Bitcoin.
It's true that the BTC dominance is at record levels, but it's gonna turn around when Altcoin projects starts to deliver what they promise - In other words, we need to see actual products before people get confident enough to diversify some of their BTC into alts.

Personally I'm a huge fan of Stakenet, since it enhances every BTC and LTC investor out there, by facilitating Lightning transactions in a decentralized setup, which hasn't been seen before.

Most DEX solutions sucks ass, since they use Atomic Swaps to facilitate the trading, which takes way too much time compared to a centralized solution.
Day traders want instant trades, with as small of a fee as possible, and at the same time, wants to avoid KYC.

This is where Stakenet's Lightning DEX might take a huge lead in the future, since their Lighning DEX will be (unlike some of the other wannabe DEX solutions) completely decentralized

The concept is unique, since you make the masternodes host all the chains on DEX, this makes running a masternode slightly more expensive compared to your normal VPS, however it benefits the consumer who wants to USE the DEX. Why?

1) You DON'T need to sync with the DEX (Since the DEX is synced by the masternodes running at all times)
2) Near instant transactions between lightning compatible coins
3) Extremely low fees if you trade over lightning
4) NO KYC
5) NO Registration Process

This is just 1 dApp running on this eco-system. They built a multi currency lightning wallet as well, with 1-click lightning swaps, and TOR-integration, which is currently in BETA testing. Available soon for Android/IOS/Desktop.

Do your own research, however this has the best chance of becoming the industry standard later on, for sure!
352  Alternate cryptocurrencies / Speculation (Altcoins) / Re: I want to yell at the computer screen on: August 28, 2019, 02:45:36 PM
Its value was based off of HYPE - It's use case is small, considering what other projects are buildings in the crypto space.

Invest in projects that empowers, and enhances the user experience of crypto. If you look at the vast majority of crypto projects, they either have NOTHING going for them, that benefits anyone, or they are copying what everyone is doing, trying to compete with the big boys (XSPEC Vs Monero as an example)

You need to bring something NEW, and USEFUL for the average crypto investor if you want to make the big money moving forward. All these ICO scams, with nothing going for them will continue bleeding in sats.

Personally I'm eyeing Stakenet as the next big coin for several reasons.

Most DEX solutions sucks ass, since they use Atomic Swaps to facilitate the trading, which takes way too much time compared to a centralized solution.
Day traders want instant trades, with as small of a fee as possible, and at the same time, wants to avoid KYC.

This is where Stakenet's Lightning DEX might take a huge lead in the future, since their Lighning DEX will be (unlike some of the other wannabe DEX solutions) completely decentralized

The concept is unique, since you make the masternodes host all the chains on DEX, this makes running a masternode slightly more expensive compared to your normal VPS, however it benefits the consumer who wants to USE the DEX. Why?

1) You DON'T need to sync with the DEX (Since the DEX is synced by the masternodes running at all times)
2) Near instant transactions between lightning compatible coins
3) Extremely low fees if you trade over lightning
4) NO KYC
5) NO Registration Process


This is just 1 dApp running on this eco-system. They built a multi currency lightning wallet as well, with 1-click lightning swaps, and TOR-integration, which is currently in BETA testing. Available soon for Android/IOS/Desktop.

Do your own research, however this has the best chance of becoming the industry standard later on, for sure!
353  Alternate cryptocurrencies / Altcoin Discussion / Re: Stakenet makes The Lightning Network Decentralized Using Masternodes. Thoughts? on: August 28, 2019, 02:36:14 PM
Why can't people just swap directly to one another on LN? Why is a lightning node necessary?
Because opening and closing LN channels requires on-chain transactions, and because you can't possibly open channels with every single LN node on the network. This is why payment routings (and liquidity) are fundamental on the LN. All you need is to open one channel with enough local balance on it to be able to send to any other peer on the network, even if you don't have a direct connection with them, the payment will be routed through one or several LN nodes to reach its destination.
Stakenet's masternodes, which will be LN full nodes, will play this role (ensuring payment routing and providing liquidity).


These guys know a lot about the business. They will turn the blockchain industry upside down. Since all people will be able to start using bitcoin even more. I think the Lightning Network will kill the altcoin market. But it's not scary because we will be able to use bitcoin with lightning-fast transactions.
On the contrary, Lightning Network is an opportunity for Altcoins, because it simplifies atomic swaps (Lightning Swaps = atomic swaps over the Lightning Network).
Stakenet's aim is to provide a cross-chain architecture for cryptocurrencies, where users can easily operate with any blockchain simply by using Stakenetís native coin XSN, as the blockchains are connected to each other through the Lightning Network and other cross-chain technologies.
Stakenet will propose a decentralized exchange (XSN Dex), built on these cross-chain technologies, and run by its Masternodes.

You seem to know a lot about Lightning, so I assume you're following the technology movements closely.
I agree with the fact that this tech opens up a lot of possibilities for altcoins to further enhance the user experience for everyone.
When reading about Lightning and Bitcoin, there's a lot of mixed feelings, since it seems like a centralized solution, hence why I believe Stakenet's decentralized solution is a genius idea to route payments faster than anyone else in the crypto space, further enhancing the experience of BTC and LTC users, who's gonna benefit from trading on the Stakenet platform.

I can see a lot institutions wanting to move their business to lightning as well, since it provides near instant trading, without risking your millions of dollars on a centralized exchange.
354  Alternate cryptocurrencies / Altcoin Discussion / Re: Does scalping is the best way to earn when trading on a bearish market? on: August 22, 2019, 04:57:02 PM
Scalping profits on Bitcoin is risky, but extremely profitable if you know TA.

Look out for Stakenet's Multi Currency Lightning Wallet (It's in open BETA testing right now). It's gonna be available for Android/IOS, which means you'll be able to scalp profits on BTC while on the go.
Once USDT (Tether) enables lightning on mainnet, you'll be able to tether up in seconds for a lower fee than you pay on a centralized exchange, and back again to BTC, making you easy profits.

This is 100% while being in control of your own private keys, no risk of exchange hacks etc.

Do your own research on the project - Personally, I'll use it once released to scalp profits on BTC's monster pumps. I'm not keeping my BTC on any centralized exchanges, too risky these days.

Screenshot of mobile app version of the wallet:

355  Alternate cryptocurrencies / Service Discussion (Altcoins) / Re: What exchange is better than binance? on: August 22, 2019, 04:48:35 PM
Binance has a LOT of dominance currently, but if you want to stay absolutely safe in the future, you gotta trade on a reliable DEX.

Most DEX solutions sucks ass, since they use Atomic Swaps to facilitate the trading, which takes way too much time compared to a centralized solution.
Day traders want instant trades, with as small of a fee as possible, and at the same time, wants to avoid KYC.

This is where Stakenet's Lightning DEX might take a huge lead in the future, since their Lighning DEX will be (unlike some of the other wannabe DEX solutions) completely decentralized

The concept is unique, since you make the masternodes host all the chains on DEX, this makes running a masternode slightly more expensive compared to your normal VPS, however it benefits the consumer who wants to USE the DEX. Why?

1) You DON'T need to sync with the DEX (Since the DEX is synced by the masternodes running at all times)
2) Near instant transactions between lightning compatible coins
3) Extremely low fees if you trade over lightning
4) NO KYC
5) NO Registration Process

This is just 1 dApp running on this eco-system. They built a multi currency lightning wallet as well, with 1-click lightning swaps, and TOR-integration, which is currently in BETA testing. Available soon for Android/IOS/Desktop.

Do your own research, however this has the best chance of becoming the industry standard later on, for sure!
356  Alternate cryptocurrencies / Altcoin Discussion / Re: Stakenet makes The Lightning Network Decentralized Using Masternodes. Thoughts? on: August 22, 2019, 04:37:42 PM
I know BTC is king, and I know BTC and LTC are leading lightning network and I know XSN is one of the only projects innovating on lightning besides the other 2. However, I am unsure why it matters?Can someone explain to me why lightning matters? How does it work?

Why is masternodes collateral necessary?

Stakenet's idea is to put its second layers - the Masternode (MN) network and the Lightning Network (LN) - at the service of each other, and to bridge between the different blockchains with Lightning Network.

Stakenet's MN will be:
- LN nodes, providing more decentralization to the LN.
- LN watchtowers, offering more security to the LN.
- Bridge nodes between the different blockchains with Lightning Network (BTC, LTC, ...).

Stakenet's MN will use their collateral to provide liquidity to LN, i.e. instead of having the collateral 'stuck' in the MN, it will be used to open large LN channels in order to route LN payments.

Stakenet will offer Lightning Swaps, i.e. swaps between two different cryptocurrencies on the Lightning Network.
Lightning swaps - which are off-chain and therefore instantaneous and with little fees - should not be confused with Atomic Swaps which are on-chain and therefore slow (need to wait for confirmation on both blockchains) and expensive in fees.

Lightning Swaps will be the basis of Stakenet's Decentralized Exchange (DEX), which will run on Stakenet's Masternodes.

Why can't people just swap directly to one another on LN? Why is a lightning node necessary?

Users donít need their own Lightning Node to do Swaps they just connect to the network we have. You need the network to keep track of all the transactions and monitor the balances otherwise what would verify everything
357  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Is investing in crypto a good idea? on: August 21, 2019, 04:51:55 PM
Yes, and no.
If you invest in the right projects, it can be extremely lucrative, but you need to stay cautious of all the shit tokens, and scams out there with nothing going for it.

You can play it safe, by investing in BTC and ETH, but the real gains that are gonna be life changing is still in the low marketcap projects, which could potenially reach 100x again.
Finding these projects is tricky though, you need to look for projects with active development, but not only that, what they develop needs to be accounted for as well. There are a lot of small niche projects, with next to no real world demand, yet people jump on them hoping for a quick profit.

One of the most legit projects, that actually enhances BTC and LTC users the most is Stakenet (XSN). With all the recent regulation rules, KYC, and limits on peoples accounts, not to speak of exchange hackings, and frozen assets.

Decentralized exchange trading is what everyone wants, but the current DEX solutions is not really feasibly for that, since they use atomic swaps to make the trades. These swaps takes several minutes to process, and frankly, nobody wants to wait for that, especially if you're a day trader.
Stakenet has a solution that makes the Lightning Network decentralized with the help from 2000+ masternodes in their network running it.

This makes it possible to run a decentralized DEX with NO KYC, NO registration, NO syncing time with the network. Near instant transactions, with very low fees.

And this is just ONE of many dApps to run on their eco system of masternodes btw.
358  Alternate cryptocurrencies / Speculation (Altcoins) / Re: I'm now accumulating 15 altcoins, what do you think? on: August 21, 2019, 04:38:24 PM
I'd advice you to invest in XSN as well, even if it's a low cap project. It's a project that enhances the user experience of BTC and LTC massively by utilizing the Lightning Network in a decentralized way, never seen before. Through masternodes the whole setup is decentralized, and flawless.

Bitcoin will NEVER go mainstream in it's current state. Why? Here's why:

On-chain, Bitcoin is capped at 7 tx/sec. The more activity the network sees, the slower transactions become.
As it grows in value, fees increase as well.
Lightning allows for a theoretically unlimited number of transactions at near-zero fees, but it has seen stagnant growth because there's little financial incentive for individuals to adopt it on their own.
XSN's solution involves using its decentralized MN network and the collateral locked in them to rout payments, act as watchtowers, and provide a ton of liquidity for transactions.
This will bolster Lightning without centralizing it.

As XSN is inflationary, the supply will slowly increase over time and allow more masternodes to participate.
With this design and approach, BTC will be able to scale and take on much heavier workloads without hitting any major bottlenecks down the road.

Additionally, XSN's masternodes are going to use lightning to restore some of BTC's inherent privacy and anonymity that was compromised by CEXs and KYC.
By embedding TOR into the network and implementing lightning atomic swaps, anyone will be able to instantly and privately swap a wide variety of coins without ever having to send them somewhere that is out of their control. This will greatly minimize the need for businesses that accept crypto to adopt 10 different types of coins as so many of them can be instantly swapped into BTC.
Imagine a standard Bitcoin qt wallet with an extra tab that offers everything that a full scale exchange has and you have the essence of Stakenet.

I'm obviously biased, since I invested some of my portfolio in XSN, but I see huge potential in the project, since it's not a direct competitor to BTC, but rather enhances the overall user experience.
359  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Buy these altcoins!!! on: August 20, 2019, 04:53:12 PM
Bitcoin will NEVER go mainstream in it's current state. Why? Here's why:

On-chain, Bitcoin is capped at 7 tx/sec. The more activity the network sees, the slower transactions become.
As it grows in value, fees increase as well.
Lightning allows for a theoretically unlimited number of transactions at near-zero fees, but it has seen stagnant growth because there's little financial incentive for individuals to adopt it on their own.
XSN's solution involves using its decentralized masternode network and the collateral locked in them to rout payments, act as watchtowers, and provide a ton of liquidity for transactions.
This will bolster Lightning without centralizing it.

As XSN is inflationary, the supply will slowly increase over time and allow more masternodes to participate.
With this design and approach, BTC will be able to scale and take on much heavier workloads without hitting any major bottlenecks down the road.

Additionally, XSN's masternodes are going to use lightning to restore some of BTC's inherent privacy and anonymity that was compromised by CEXs and KYC.
By embedding TOR into the network and implementing lightning atomic swaps, anyone will be able to instantly and privately swap a wide variety of coins without ever having to send them somewhere that is out of their control. This will greatly minimize the need for businesses that accept crypto to adopt 10 different types of coins as so many of them can be instantly swapped into BTC.
Imagine a standard Bitcoin qt wallet with an extra tab that offers everything that a full scale exchange has and you have the essence of Stakenet.

I'm obviously biased, since I invested some of my portfolio in XSN, but I see huge potential in the project, since it's not a direct competitor to BTC, but rather enhances the overall user experience.
360  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Is investing in crypto a good idea? on: August 20, 2019, 04:50:34 PM
It's never too late to invest in crypto currencies, but you gotta invest wisely these days...

Bitcoin will NEVER go mainstream in it's current state. Why? Here's why:

On-chain, Bitcoin is capped at 7 tx/sec. The more activity the network sees, the slower transactions become.
As it grows in value, fees increase as well.
Lightning allows for a theoretically unlimited number of transactions at near-zero fees, but it has seen stagnant growth because there's little financial incentive for individuals to adopt it on their own.
XSN's solution involves using its decentralized MN network and the collateral locked in them to rout payments, act as watchtowers, and provide a ton of liquidity for transactions.
This will bolster Lightning without centralizing it.

As XSN is inflationary, the supply will slowly increase over time and allow more masternodes to participate.
With this design and approach, BTC will be able to scale and take on much heavier workloads without hitting any major bottlenecks down the road.

Additionally, XSN's masternodes are going to use lightning to restore some of BTC's inherent privacy and anonymity that was compromised by CEXs and KYC.
By embedding TOR into the network and implementing lightning atomic swaps, anyone will be able to instantly and privately swap a wide variety of coins without ever having to send them somewhere that is out of their control. This will greatly minimize the need for businesses that accept crypto to adopt 10 different types of coins as so many of them can be instantly swapped into BTC.
Imagine a standard Bitcoin qt wallet with an extra tab that offers everything that a full scale exchange has and you have the essence of Stakenet.

I'm obviously biased, since I invested some of my portfolio in XSN, but I see huge potential in the project, since it's not a direct competitor to BTC, but rather enhances the overall user experience.
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