How much fees asked there for simple BTC to ethereum convertion ? Is this one working the same as shapeshift where you only need to transfer amount and you will recieve it in provided address .i use that website in early 2017 when they are not requiring kyc for easy trade but not now. Is that exchange also asking to be verified with identity required?
Can you also trade in that exchange from ethereum to BTC and vice versa?
Afaik, if you start with standard BTC you pay the on-chain tx and a tiny channel rental fee once (all automated) to move it to L2 and swap it into ETH. From there, it's on L2. The same is true in the case of Ethereum. Start with ETH on L1, pay the on-chain fee and tiny channel rental fee once. The rest is done on L2. Was shapeshift a mixing coin mixing service? I remember there were a few places that acted as custodians and triggered exchanges immediately, but they are in a rather murky area legally-speaking and are also capable of pulling an exit scam. The biggest appeals to using Stakenet DEX are: no accounts, no KYC, non-custodial wallets, fast sync times, and no need to manually download individual blockchains for every coin you want to swap into. Your wallets and your keys are always yours and yours alone. Stakenet's simple swap service actually looks a LOT like Shapeshifts layout. Works pretty much the same, so it's a great alternative to how Shapeshift used to work (before KYC).  |
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I can't see that Stakenet can go to 10x yet, there are some factors that are stuck,
in Github development, I don't see them updating, about development, because it should be important for a project,
take a look at Github Waves or Algorand, they really update on Github and the price of these two coins is greatly affected because of that,
if Stakenet is able to do an intense update on Github, then I am sure 10x can be achieved.
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.  |
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Blocknet is a huge gamble, but if you really want to gamble, it's a good one to bet your money on, since they've been around for so long, and have kept developing for so many years. Could explode next run. Holding a small bag, in case it takes off.  |
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Stakenet is really a great DEXs platform that can support Defi projects, but at the moment Stakenet doesn't have many real users. Although the above articles are quite complete about the introduction of features and technology of Stakenet, that is not enough. It's best to create a bounty campaign and do AMA in communities in which you feel important.
So if you want to do AMA in large communities please contact me, I am managing a sizable community of about 13k people and lots of Vietnamese KOLs.
My telegram username: @ payheree88
Don't hesitate to PM me to get the big discount.
Well, the DEX volume has increased a lot the past few months, more and more people trades on their platform, and I'm sure as soon as ETH is integrated that a LOT of Uniswap users will move over to a cheaper and faster alternative  I think most of that volume is bot stress testing, so they can push the lightning network more and see what it is capable of. This also allows them to show that lightning can scale. True, however the overall volume was pretty impressive before they even started stress testing considering it was in closed beta. I'm sure the simplicity of the DEX has a lot to say. Convenience plays a huge factor when you look at an exchange and how successful it really is. Uniswap is a great example of that, despite slow and expensive. |
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Why would anyone ever want to keep using centralized exchanges, especially when their volume becomes irrelevant?
Wow, didn't realise this post is 1 year ago Although DEX didn't dominant and convert all people from CEX to DEXs But we still see good progress Uniswap/Balancer are all doing fine This also create new market opportunity like Defi lending market(no central organization controlling), Defi margin trading, Defi Options and more Uniswap got popular but too many people complain about transaction fees, which makes sense. Gonna be interesting to see if XSN can pull it off with their new Connext partnership. |
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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 |
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26% gains today. Not bad.
The recent news seems to be what everyone invested in XSN has been waiting for.
Exchange news
News on Ethereum integration
DEX stats page
Simple Swap progress
Best performer in my portfolio for today, wish I bought more when it dipped a few days ago.
Indeed pretty good news. I wonder which exchange these guys have been making deals with. A top tier exchange would definitely help this project gain some serious traction. |
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On Dec 22, 2017, the average BTC transaction was $55. See https://bitinfocharts.com/comparison/bitcoin-transactionfees.htmlETH was about $5 per transaction at its peak. Why did this happen? Transactions were all being done on chain and it got congested. Uniswap currently has more than 200 mio daily volume, but transactions are on-chain so ETH gas fees are through the roof. Stakenet is solving this by implementing the Raiden Network, AND the Lightning Network to perform instant off-chain transactions which are way cheaper. All the fees that are collected from people trading is used to pay masternode owners, AND to buy up XSN and burn it from the total supply. In other words, XSN will be deflationary, just like Bitcoin. Once people realize how EASY it is to use their DEX, volume is going to go through the roof. It's currently in BETA, but is being soft launched at the end of the month. . you write this thread at august 19 this year, wich mean the dex alreacy already launched right ? because you wrote this "but is being soft launched at the end of the month" then how is the dex now ? does the dex this work properly ? thanks The DEX can be downloaded from the Stakenet Discord channel, it's still in open beta, however you can trade BTC LTC and XSN. Ethereum is being integrated right now, with a bunch of testers working to remove any possible flaws and bugs. |
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Take a look at Stakenet - XSN. Stakenet is working on exactly this problem, and have been the leading project in Lightning Network developments since the past 2 years. They built their own DEX, which is integrated in a multi currency wallet. This makes it easy to use it, and very convenient as well. The Lightning Network is hosted by Stakenet's 2700+ masternodes, which makes the whole setup decentralized. Instant BTC/LTC/XSN trading is already working fine, next thing they work on is Ethereum integratiion via the Connext protocol. Once this is enabled, you'll have a fully functional DEX, which works pretty much the same way as Uniswap, but transactions will be instant and with extremely low fees. Not only that, but this DEX had liquidity providers, meaning you can trade through centralized exchanges such as Binance, without needing an account on there, hence NO KYC. This project isn't as known as it probably should be, but I believe once ETH is integrated, that people will start noticing it, since the biggest problem on Uniswap right now is: Failed transactions High Gas Fees Slow transactions Wrapping up BTC is like trading with a condom on. It's not really ideal when you can trade the real thing on a 2nd layer solution, as provided by Stakenet. Here's a picture of how it looks like for reference:  This is great; why they worked so under the radar? Stakenet Dex is a full package! I think they solved the biggest problem of BTC scalability by introducing Stakenet DEX! Decentralized Exchange, Instant trades, low fee, no KYC, and liquidity providers. This is DEX, which feels like CEX! I guess they've just waited with marketing until they had a good product to show, which is getting close to a full release now. Indeed it feels like a CEX, that's the whole point they're aiming for. Uniswap got very popular very fast, but the transaction fees is crazy high because the Ethereum network is too congested. |
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Take a look at Stakenet - XSN. Stakenet is working on exactly this problem, and have been the leading project in Lightning Network developments since the past 2 years. They built their own DEX, which is integrated in a multi currency wallet. This makes it easy to use it, and very convenient as well. The Lightning Network is hosted by Stakenet's 2700+ masternodes, which makes the whole setup decentralized. Instant BTC/LTC/XSN trading is already working fine, next thing they work on is Ethereum integratiion via the Connext protocol. Once this is enabled, you'll have a fully functional DEX, which works pretty much the same way as Uniswap, but transactions will be instant and with extremely low fees. Not only that, but this DEX had liquidity providers, meaning you can trade through centralized exchanges such as Binance, without needing an account on there, hence NO KYC. This project isn't as known as it probably should be, but I believe once ETH is integrated, that people will start noticing it, since the biggest problem on Uniswap right now is: Failed transactions High Gas Fees Slow transactions Wrapping up BTC is like trading with a condom on, it's not really ideal when you can trade the real thing on a 2nd layer solution, as provided by Stakenet. Here's a picture of how it looks like for reference: |
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XSN Dev Update November 20 This month, the team have been working to prepare the light wallet, DEX stats page, designs for the public release of the DEX client and software as well as a website for the launch. This work has included stabilizing swap interfaces (which involved working with our closed beta group), development of our DEX stat tracker, running continuous stress testing of the DEX and more. https://medium.com/stakenet/xsn-dev-update-november-20-215bfac3d127Screencap from discord, seems like a new exchange is on it's way soon  |
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There are tons of newbie accounts writing here, which tells me just one thing, stakenet team is working overtime on marketing and going viral, they want to spend as much time and effort on getting their name heard as they spend on development of it. I am sure they have enough money to spend on marketing and this is why they are spending it on people to do these type of topics but there is a billion topics about stakenet here that we do not really need at all.
I would say smarter way of doing marketing would be airdrops and bounties because that way they could at least get everyone involved instead of hiring people to create bitcointalk accounts and writing here about their coins. It is definitely not a bad project, it is a cool idea if they can get attraction but this is not the way of it.
Stakenet's community is pretty damn huge.. The community is extremely active overall - Twitter especially where Stakenet has more engagement than Binance, which is impressive as fuck. Don't believe me? Go check for youself. Stakenet is a promising project with a ton of investors behind, naturally they want to talk about it at places like here. The problem is when there's multiple threads about Stakenet here and a lot of posts from the same members and newbies in every one of those threads it gives the impression of a handful of bagholders trying to pump the price which might of worked a few years ago but nowadays people are far more careful and selective in which projects they invest in. Stakenet certainly looks like a promising project but there are better ways of promoting it. There's a handful of very bullish people promoting Stakenet on Twitter, that's all I know. I'm VERY excited about the project, which is why I try to share it here. I agree there's quite a few threads regarding Stakenet here, but I guess a good project gets talked about. There's quite a few Chainlink threads here as well, both projects are being discussed a lot on 4chan as well, both having a very large community. There's hardly anyone investing in alt's right now, which makes sense with BTC's run lately, but XSN did 10x in august, which shows how much potential this project has. It did retrace quite a bit, but so did all major alt's even LINK and ADA, just to name a few. |
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After this recent announcement, a 100x is possible as well. Uniswap is extremely popular, but trading isn't feeless, or instant. Stakenet's DEX will be Uniswap on steroids, no kidding. Gained 20%+ over night.. Seems to keep its momentum. |
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Now imagine that volume if Ethereum could be sent instantly and with virtually zero gas fees? That's what Stakenet is working on, and they already achieved instant BTC transactions btw . Cool thing is, investors profit off of the trading fees on their instant tradeable DEX. It's a win/win for everybody! |
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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..
I'll tell you why. 1) IDEX is NOT decentralized. They enforced KYC, and so did a LOT of other "DEX's". Even Binances DEX isn't decentralized, as it's backbones is controlled by Binance themselves. Uniswap, and the majority of DEX's out there is based on Ethereum, which means they DO NOT support BTC, LTC, ADA, XMR and a TON of other projects. They ONLY support ERC20 tokens, which sucks! On top of that the ETH network is getting SO congested, that it's no longer viable to trade on these DEX's because of the abnormal high fees. Stakenet offers INSTANT virtually FEELESS trading It's Uniswap but on STERIODS. Liquidity is pulled from Binance, Kraken, Poloniex, etc. through liquidity providers. This means you'll be able to arbitrage as well. If you don't see the value in this, I give up.. 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. |
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There are tons of newbie accounts writing here, which tells me just one thing, stakenet team is working overtime on marketing and going viral, they want to spend as much time and effort on getting their name heard as they spend on development of it. I am sure they have enough money to spend on marketing and this is why they are spending it on people to do these type of topics but there is a billion topics about stakenet here that we do not really need at all.
I would say smarter way of doing marketing would be airdrops and bounties because that way they could at least get everyone involved instead of hiring people to create bitcointalk accounts and writing here about their coins. It is definitely not a bad project, it is a cool idea if they can get attraction but this is not the way of it.
Stakenet's community is pretty damn huge.. The community is extremely active overall - Twitter especially where Stakenet has more engagement than Binance, which is impressive as fuck. Don't believe me? Go check for youself. Stakenet is a promising project with a ton of investors behind, naturally they want to talk about it at places like here. |
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Stakenet is working with 2 second layer protocols - The Lightning Network, and The Raiden Network. Both of these protocols makes BTC and ETH transactions instantaneous in a truly decentralized setup using masternodes as payment routers. Here's what they've achievved thus far: 1) They helped the Litecoin team with Lightning Network integration on the LTC chain, and thus formed a partnership. Source: http://litecoin-foundation.org/lightning-network-collaboration-with-x-9-developers/2) Stakenet is the industry leader in terms of Lightning Network developments, building and improving the technology in a way that benefits everyone - Investors as well as consumers. Their new Lightning DEX, which is an integrated part of a multi currency wallet they've been working on for the past year is bound to be a huge success for the following reasons:
Speed
Ease Of Use
Option To Hold And Trade Multiple Coins
Trade Through Binance, Bittrex, Kraken and many other exchanges WITHOUT ever logging in to any of these exchanges.- This is done through liquidity providers who runs trading API's anyone can tap into and use for their own, as well as the liquidity providers benefit. The whole eco-system is ran by masternodes, who will do the dirty work (routing transactions back and forth over the Lightning Network + The Raiden Network), this means that Lightning + Raiden node operators already have an incentive to keep them running, since the masternodes is profitable to run from the get-go already. Ethereum is getting integrated, as well as a lot of it's popular tokens. This will be Uniswap on steriods, any traders wet dream.
This is just a small, yet important part of Stakenet, do your own research if you want to know what else they're working on. Stakenet actually invented cold staking (back in 2017), which means that you can stake XSN through their "Trustless Proof Of Stake" protocol. Please do yourself a favor, and watch this small presentation video which demonstrates how the DEX actually works: https://www.youtube.com/watch?v=wSNFhFBKmscThis will be a HUGE player on the market from my perspective, what about you guys? |
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Stakenet is by far one of the most promising projects I've seen as of lately. You'd have to have followed the project to truly understand it's potential, but I'll try to explain it briefly here. Stakenet is working with 2 second layer protocols - The Lightning Network, and The Raiden Network. Both of these protocols makes BTC and ETH transactions instantaneousHere's what they've achievved thus far: 1) They helped the Litecoin team with Lightning Network integration on the LTC chain. 2) Stakenet is the industry leader in terms of Lightning Network developments, building and improving the technology in a way that benefits everyone - Investors as well as consumers. Their new Lightning DEX, which is an integrated part of a multi currency wallet they've been working on for the past year is bound to be a huge success for the following reasons: Speed
Ease Of Use
Option To Hold And Trade Multiple Coins
Trade Through Binance, Bittrex, Kraken and many other exchanges WITHOUT ever logging in to any of these exchanges.- This is done through liquidity providers who runs trading API's anyone can tap into and use for their own, as well as the liquidity providers benefit. The whole eco-system is ran by masternodes, who will do the dirty work (routing transactions back and forth over the Lightning Network + The Raiden Network), this means that Lightning + Raiden node operators already have an incentive to keep them running, since the masternodes is profitable to run from the get-go already. USDT, Ethereum (and it's tokens) will be integrated as well. This is just a small, yet important part of Stakenet. Stakenet invented cold staking, which means that you can stake XSN through their "Trustless Proof Of Stake" protocol. Please do yourself a favor, and watch this small presentation video which demonstrates how the DEX actually works: https://www.youtube.com/watch?v=wSNFhFBKmscStakenet is likely to take ALL the liquidity from Uniswap, and reward it's holders with transaction fees. Want to get in on that? Well then you gotta take a better look into this project.
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Stakenet is really a great DEXs platform that can support Defi projects, but at the moment Stakenet doesn't have many real users. Although the above articles are quite complete about the introduction of features and technology of Stakenet, that is not enough. It's best to create a bounty campaign and do AMA in communities in which you feel important.
So if you want to do AMA in large communities please contact me, I am managing a sizable community of about 13k people and lots of Vietnamese KOLs.
My telegram username: @ payheree88
Don't hesitate to PM me to get the big discount.
Something about this statement just seems fishy. If you truly want to help out the project, you wouldn't be charging money to do so. You're better off messaging the devs personally though Discord, as they aren't reading these threads here. They've got more important stuff to do. |
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Honestly I don't think Chainlink would be anywhere today if not for their huge exposure given by the major sites. Chainlink for example has been on the front page of Coindesk for months alongside BTC and ETH and XRP (weird, right?).
Guys like me can't tell the difference from one type of defi coin to another so we kinda see them all as to avoid:)
True, tons of meaningless "partnerships" has increased exposure towards the project. However don't see Chainlink actually used anywhere, lol. Blocknet does have alot, its really curious that its not bigger, hmmm
in the end i think the majority of crypto users dont give a fuk, plain and simple.
They are here to make money, and how or why or what project does it with what tech, most dont care about all that
alot of people are also BTC maximalists, they only see alts as a way to make more BTC, so theres that too : /
in 20 years we will see what happens, tho imo, we should watch for the big places (the ones making the actual blockchain patents yearly) to bring services that make waves
will BTC just have all these features? or will a single alt do it? or many?
I agree with you, we need to move towards bigger things. We've been here and we've seen everything unfold, exactly what i see, even if i make a profit, people will still want more money than altcoins, the future of this market's top blockchain platforms will prevail, i think time will sift through the best. Blocknet, i think will have a role in building blockchain platforms to become stronger, and such projects will be the kind of ecosystems for different platforms. Good point. Ethereums outage yesterday could have been avoided if the ETH network made use of Blocknet's own decentralized infura solution. I'm sure they could be integrated into metamask to make decentralized data available to their users. |
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