[ANN][XSN] Stakenet - The World's First Trustless Proof of Stake Coin

[nightflightcourt]

Is there a conf file for this coin with nodes?

Yes. There's a masternode.conf file located in the same Local Appdata directory as the wallet.dat.

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[falce]

Is there a conf file for this coin with nodes?

Yes. There's a masternode.conf file located in the same Local Appdata directory as the wallet.dat.

  anyway - there is a bootstrap [https://github.com/X9Developers/XSN/releases/tag/v1.0.21] if you have synching issues, else i can write you (pm) the list of nodes i am connected to as well.

[nightflightcourt]

The only time I ever open up my masternode.conf file is when I'm adding a new masternode via MNaaS

[TDLM]

Any news on simple swap for the open beta group?

[nightflightcourt]

Any news on simple swap for the open beta group?

I hope it comes shortly. The SSUI has made a lot of progress over the past few weeks - so much so that I don't think I need to use a CEX to buy XSN anymore. 

[yurez]

If you have any questions, it's time to ask them!

"We are happy to announce our upcoming AMA!
Do you have any questions, suggestions etc.  you'd like to ask us?  Let us know!  High voltage symbol
We'll be collecting questions from 6th to 10th December in a Discord channel and releasing the summary in a medium article for everyone to read."
https://twitter.com/XSNofficial/status/1334971407776817153

[IamCristita]

If you have any questions, it's time to ask them!

"We are happy to announce our upcoming AMA!
Do you have any questions, suggestions etc.  you'd like to ask us?  Let us know!  High voltage symbol
We'll be collecting questions from 6th to 10th December in a Discord channel and releasing the summary in a medium article for everyone to read."
https://twitter.com/XSNofficial/status/1334971407776817153

Saw the new about the last Saturday, AMA is now within arms reach. This will be a good one.

What I like to Stakenet is their DEX. A DEX where you can trade all major coins and tokens, instantly, virtually feeless and completely decentralized. And before anyone comes in and says '"But there is no liquidity'" - Through the use of liquidity providers, Stakenet will make a gateway that have access to all major exchanges through the DEX.

You Attending?? Let's beAMAzing

[nightflightcourt]

If you have any questions, it's time to ask them!

"We are happy to announce our upcoming AMA!
Do you have any questions, suggestions etc.  you'd like to ask us?  Let us know!  High voltage symbol
We'll be collecting questions from 6th to 10th December in a Discord channel and releasing the summary in a medium article for everyone to read."
https://twitter.com/XSNofficial/status/1334971407776817153

Good idea.

[vladn00ne]

Any news on simple swap for the open beta group?

I hope it comes shortly. The SSUI has made a lot of progress over the past few weeks - so much so that I don't think I need to use a CEX to buy XSN anymore. 

Irony: using CEX to buy DEX lol

Before we are told that the safer the investment, the lower the profit. And right now is the good time to buy. Old saying says, "Be greedy when everyone is afraid and be afraid when everyone is greedy." The best time to buy crypto is when people are uncertain of it. (Maybe in the few days cause of the mt gox narrative manipulation.)

I have no reason to suspect that crypto isn't here to stay, and I'm even more so bullish now considering how much money the Fed has been printing. As strange as it sounds, I want the volatility and potential for large gains that come with the crypto space. So I'm turning to Stakenet who's soon ready with a DEX of their own featuring BTC LTC ETH XSN and many other projects. This is the ONLY instant tradeable DEX in the world as it makes use of 2nd layer transactions. Uniswap-like interface, but instant, and virtually feeless trading.

The DEX only has BTC LTC and XSN right now,but Ethereum is being integrated shortly. If you really want to be the guy selling shovels this coming bullrun,get yourself a masternode,and profit off of the trading fees on the DEX. This is by far one of the best ''DEFI" projects out there, and getting listed on a top 20 exchange real soon, so expect a nice rise in price from that as well.

A personal fan of Stakenet brilliant innovations here since last week 

[Bear_Hug]

 Today doesn't appear we have much to worry about.
 Institutions are pumping out BTC revenue growth like crazy again

 Done preparing a decent bag of XSN. I'm interested in Stakenet Staking and you should not miss out next year for the future XSN holds.

[paramind22]

Here is another exchange possibility.

SPECIAL PROMOTION UNTIL DEC 31, 2020!

No listing fees for any asset we approve for listing between now and December 31st, 2020! Yes, you heard that right.... Oh, and no other weird fees either...

[TDLM]

Here is another exchange possibility.

SPECIAL PROMOTION UNTIL DEC 31, 2020!

No listing fees for any asset we approve for listing between now and December 31st, 2020! Yes, you heard that right.... Oh, and no other weird fees either...

What's this?

Also will the Cryptopia stuff effect xsn? There are a lot of coins on there from what I understand.

[yurez]

The Stakenet team has posted a written guide on how to stake your XSN securely on your Trezor device!
Stakenet invented "Trustless Proof of Stake" in 2018 which made staking on cold storage possible.
https://medium.com/stakenet/trezor-tpos-guide-fb9ea90382fd

[yurez]

Stakenet AMA - Part I

https://medium.com/stakenet/stakenet-ama-part-i-bdfcb8997d6d

[nightflightcourt]

AMA in plain-text:

Q: How many people are actually involved in the overall project? Including websites, cloud-service, etc.? and How many people work for X9? and How many people make up the team and how many are developers?

A: In total there are circa 40 people who are involved with the project, which includes team members, 10 developers, website maintenance etc.

Q: Has a new big exchange been approached? Can we expect this in Q1 2021? When will we be listed and what stage are we currently at with them?

A: Due to NDA’s we cannot state an exact date about the exchange listing, but we are working hard to get it done asap.

Q: When will the DEX be launched?

A: You are able to test the current version of the DEX as we type this. The DEX is in open Beta which is a vital stage as this allows us to gather feedback from the community and find as many bugs as possible. We will release the DEX from the open Beta stage once we have integrated and tested ETH & ERC-20 tokens. Once this has been done and everyone is happy with how the DEX performs, then we will be able to give an exact date however; it is fully functional in its current Beta state.

Q: Even though we realize it is complicated to pin down exact dates, is it planned to at least give estimates on achieving the milestones of the roadmap? Since the percentage of approximate completion can be confusing and frustrating (because there is no indication on how long the current progress persists), maybe quarters would be more convenient. and Why not list things on the roadmap that are achievable in a year?

A: Thanks for the feedback and the critic!

We have learned from the past mistakes when using estimates within our roadmap. Innovation is at the forefront of what we do so the majority of the work we do is built from scratch so this requires time and can be very hard to estimate as we have nothing to compare against.

There are times where we rely on third parties, such as Ledger, which can cause unexpected delays and roadmap targets to be missed. Previously we use to have quarters on the roadmap which did not work as we moved targets around.

We understand our roadmap is ambitious roadmap as it includes not only innovation from our developers but also what is being researched. We will keep the roadmap as it stands and we relish the opportunity to complete it!

Q: Could you disclose any plans to audit the DEX and XSN Blockchain or other verifiable assurances or security?

A: At this point the code of MCLW and DEX is closed source, so we won’t have an audit there soon.

We are currently in contact with a code reviewer who might audit the core wallet and also get an audit of the security aspects of our MCLW and lightning DEX later.

Q: Is it possible to be listed on an exchange in Turkey?

A: Previously we listed on a Turkish Exchange, Sistemkoin. This exchange caused a lot of issues (delayed wallet/node upgrades, delaying withdrawals for users, strange price peaks and so forth). We as a team, and in agreement with our Turkish community, requested that we get delisted from their exchange.

Q: Can you elaborate on the utilization of the TOR Network and how exactly it comes into play regarding the Wallet/User anonymity?

A: With TOR Network your IP gets hidden by a decentralized server system, so your crypto wallet addresses can’t be traced back to your home IP. In the future, the wallets’ TOR system will be run by XSN Masternodes.

Q: Is there an ETA on the Cloud-UI polish/update? (staking/ scaling/ filtering/ graphs/ statistics…)

A: The Stakenet Cloud will receive not only a UI update but an overall update in the coming weeks and a much bigger update in the coming months. It will remain mostly MNaaS-focused from there on.

Q: Will the DEX be easy to use when released? Because the current system is very complex.

A: Yes, that’s what we have been working on the last months — it is called simple swap UI (SSUI). All you need to do is load your wallet with funds and only click “exchange” — and your work is done.


Q: Will the dex support XRP/ XLM/ Stablecoins in the future? and Any chance we will see Monero (XMR) on the DEX?

A: We have to be specific here: XLM (Stellar) has lightning enabled and should be possible to add eg after we have finished ETH and ERC-20 tokens integration. XRP (Ripple) isn’t lightning swap compatible, but still by using our hubs we will be able to add any coin, as long as we have a way to interact via a wallet or a node. Specially the ones that have high tx/s rate, low block time and cheap tx fees (e.g. XRP). In those cases, an on-chain instant low fee trade would be feasible (e.g. Lightning BTC <> on-chain XRP).

Stablecoins, eg USDT, USDC and DAI are ERC-20 tokens, so they will be added by using the Connext Network, especially USDT will be one of the very first tokens we are going to add.

XMR (Monero) is working at the moment on becoming atomic swap compatible, which is the base for becoming lightning compatible (read more here: https://www.reddit.com/r/Monero/comments/gx2ow6/ccs_funding_required_monero_atomic_swaps_research/ ). If XMR won’t become lightning compatible, we will add it to our Atomic-Swap tab.

Q: How long does it take to get the aggregator connected to a new exchange?

A: It mostly depends on the exchange to be integrated as there are different aspects to check:

•     How similar their API design is to other already integrated exchanges
•     How many open source clients are available for their API and in what programming languages they are written
•     How active / responsive their tech support is
•     How the requests limits and trading rules defined
•     What are the reporting tools they offer

Considering a fair amount of testing, it might need up to 2 weeks — months for any exchange to be fully integrated for an aggregator.

Once the exchange is connected and flexible configurations are implemented, it technically only takes seconds to add new pairs. However the hub aggregators will make sure everything runs stable, so they will test, add funds to the exchanges etc. before releasing it to the public.[/i]

Q: How important does the X9 Team consider Privacy Coins? Can we count on coins that have a Privacy by Default blockchain, like ZK-Snark technology or RingCT or Mimblewimble? (Not lightning capable, partially Atomic-Swap capable)

A: Privacy is very important to us, this is why we are using TOR and Lightning Network swaps (offchain => not visible to anyone outside). When we have our Atomic Swap tab ready we will also implement atomic swap compatible privacy coins. Also the privacy coin Beam coin might become lightning compatible. Furthermore we are actively watching privacy technology like Mimblewimble we could integrate into our own blockchain too.

Q: (How) will the Stakenet blockchain be connected to the DEX? What services can masternodes contribute to the DEX and the XSN ecosystem?

A: The XSN blockchain will be integrated at stage 3, called hydra, and will play an important role in the monitoring and policing of hubs. The blockchain will be used to set rules and regulations for the DEX operators that ensure good behavior and reliable service. In return for the blockchains service to act as “referee” for the operator, payment must be made in the native currency XSN (the extra work for the additional conversion does not lie with the users, but with the operators / DEX hub nodes).

To explain this, we have to go back a little: there is currently a problem in the Lightning network, because you don’t really know whether a hub or a blockchain service made many mistakes in the past or failed to perform swaps.

This problem could be solved along the lines of “karma” points. So if a hub causes a lot of errors and fails to meet user swaps, it has “bad karma”, if it behaves well it has “good karma”.

This is the perfect and ideal job for a blockchain, as this is some kind of auditing work (watching the hubs & services) you get rewarded for (like miners get rewarded for auditing work).

So the result would be that hubs running on the XSN network are reliable and have a reputation (= good karma) for good service. Users then prefer to connect and trade through these hubs (with “good karma”) when they do. Hubs (= liquidity providers) in turn earn fees, which gives operators an incentive to provide liquidity (the more liquidity they provide, the higher volume they can support). Higher exchange volume through their node would equate to higher $ returns.

Without a XSN masternode and without “karma points” you cannot offer and be paid for the following:

•     CPU and DB services from third parties
•     TOR services
•     Securities for the liquidity of Lightning Network
•     Securities with more stablecoins, e.g. a XSN backed stablecoin
•     Watchtower Services
•     Escrow Services … and more critical services to be added in a later future.

Let’s wrap it up:

The XSN blockchain itself would act as an auditor, auditing the hubs to track their performance and behaviors. This is needed to mass scale, otherwise the service & experience would be poor for the users of the DEX (lots of failed orders, easily DDOS’d, low liquidity etc).

The service of auditing requires rewards/ payment to the blockchain (in this case for example the blockchain can apply rules to “force” hubs to send XSN to a burn for example). This is how the XSN blockchain and token have utility for the DEX. Keep in mind the DEX is just ONE of the many dApps and services that the XSN blockchain will provide

Thanks to everyone who made this great AMA possible! We will release the Stakenet AMA part II in the next few days. If you have more questions join us on Discord and follow us on Twitter to stay up-to-date with our latest news and developments.

[ibbaramichaelx1]

Oh man, Mark was right! Now replying to the Stakenets" Interesting Idea and innovation.. In 3.. 2.. 1.. xxx

I'd rather prefer Stakenet. XSN will be the Gandalf, will be the light in the BLOCK dark world.

[IamCristita]

I say it's Stakenet happy being Stakenet. And it wants to be a new, exciting asset for people to attempt to make money on.

Who doesn't love Stakenet? They've accomplished to make instant BTC and ETH transactions. Having a top tier exchange coming their way, and is sitting on a tiny 15 mio. Market cap, which makes room for MASSIVE gains. Investors can profit off of trading fees on their DEX, which is why I'm hoping to get a passive income through this upcoming run, enough to live off hopefully.

[yurez]

Dec. 20
Stakenet AMA - Part II

https://thecapital.io/article/stakenet-ama--part-ii-MOwkvySETA7-fjRuvkf

[vladn00ne]

Fintech is coming is quick and defi is the new trend. Not sure how'd you people would invest in defi but Stakenet seems to be a pretty solid bet.

[yurez]

Great news. Exchange Listing Announcement | Dec 31, 2020
XSN will be listed on two new exchanges — the first one is the medium-sized exchange, WhiteBit which is based in Europe and the second exchange, Felixo has been requested by the Turkish community and is based in Turkey.
More news in January about the top tier exchange so keep your eyes peeled.

https://medium.com/stakenet/exchange-listing-announcement-dec-31-2020-9a2f3727fb4f