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

[danishcheese]

Found an answer ... Says something that nobody from this project has the time or interest in responding tho ... :/
The Cross Chain Protocol Revolutionises The Blockchain Ecosystem

By Pei Wen on July 1, 2018 0 Comments / 5865 views
Blockchain’s rapid development has given rise to may different kinds of chains, naturally leading to the birth of a new technology — cross-chain technology. In fact, cross-chain applications has been a hot topic of discussion in the cryptocurrency community.

Cross-chain, as its name suggests, allows the transmission of value and information between different blockchains. Here, we take a look at how this new technology can impact blockchain use.

The beginning of new business ecosystems

Blockchain technology’s unique selling point is that it can provide a brand new solution for all kinds of businesses, such as finance, credit markets and the internet of things. Many blockchain programs target a specific industry or specialisation, using public blockchains to enable commercial use, and in turn creating a brand new business ecology. In the cultural industry, there are already countless excellent programs based on blockchain platforms, such as Steemit, a blockchain-based content rewards social media platform where users who provide quality content can earn Steem dollars.

Then there is online music streaming platform Spotify, which recently acquired blockchain startup Mediachain to kickstart the company’s entry into the blockchain world. Through the use of a decentralised, open media library, copyright traceability and a tokenisation rewards mechanism, it is the company’s hope to create a fairer, more transparent and more rewarding environment for original music creators and copyright holders.

It is in a similar vein that Ink Labs Foundation has come up with global blockchain solutions targeting cultural and creative assets. The aim is to speedily protect intellectual property, create a decentralised market for creative content transactions, and enable the free flow of assets and information, so as to build a completely new global ecosystem for creatives. Built on the Qtum Blockchain platform, Ink’s intention is to build a vibrant, high-volume and secure market for IP assets.

These elegant systems reinvent the traditional business model of the arts and culture industry, allowing creatives new ways to monetise and protect original content in a new ecosystem.

However, most blockchain systems are built on a single, isolated ecosystem, so information and assets cannot be transmitted across different blockchains. This greatly limits the potential of blockchain solutions. That is where cross-chain technology comes in.

Evolution begins with cross-chain technology

Cross-chain technology works in three main ways: notary schemes, sidechains or relays, and hash-locking. From the perspective of practical use, cross-chain technology in relation to blockchains is still under research and testing, and still in its infancy. That said, there are notable highlights, such as Ink’s latest cross-chain protocol breakthrough.

The cross-chain protocol is a revolutionary method that connects Ink’s consortium blockchain and the trusted public chain. The cross-chain protocol provides interoperability for all the blockchains and enables the exchange of value and information between blockchains. Combined with the advantage of the public chain’s decentralised function, and the nodes authority and trustworthy of the consortium blockchain, it will lay the foundation of a broader global blockchain market for Ink.

The Ink Cross-chain Protocol is implemented based on the cross-chain endorsement node on the side of the consortium blockchain/public chain. When the consortium blockchain/public chain initiates a cross-chain transfer, the protocol requires the initiator to pass several independent cross-chain endorsement nodes to cross-verify the transaction. The cross-chain interaction can be triggered after a specific endorsed combination has been confirmed.

Ink’s vision is to connect global cultural assets using blockchains, such that original content gets a boost on the global platform both in terms of value and transferability. Ink targets different cultural arenas, customising, deploying and applying different blockchains. Consortium blockchains are the basic building blocks of original content distribution. Using trustworthy public blockchain platforms such as Qtum to build a decentralised global cultural assets market, creators can use the platform to get their share of copyright fees and establish IP tokens. Users and the creators’ audience can buy tokens to pay for content.

For instance, a musician in Singapore released an album. Fans of this creator’s music from all over the world can purchase listening rights using IP tokens. At the same time, a hardcore fan who has been avidly recommending and promoting the album can earn a certain number of IP tokens. Owners of these IP tokens can use the Qtum public blockchain or other consortium blockchains to convert them to INK currency before using that to purchase other IP tokens that will allow them to enjoy other original content.

The future of global cross-chain ecosystems

The upcoming INK token cross-chain transfer app will enable two-way exchanges between Qtum and Ethereum INK currency. Related apps are also in the works, such as cross-chain interaction in complex scenes and cross-chain oracle. The cross-chain interaction will adapt the appropriate infrastructure for various application functions so as to meet demand and maximise efficiency. As for the cross-chain oracle, it will use an endorsement mechanism to verify information from within the blockchain and from outside the chain, with the objective of enhancing the interoperability of the underlying chain.

In the future, the cryptocurrency world is one with cross-chain protocols enabling the bidirectional interaction between different blockchains, and realising the free flow of information and value. This will improve usability and widen the scope for cryptocurrency. In addition, in bringing together different blockchains, cross-chain technology improves the scalability of the blockchain ecosystem.

[danishcheese]

Maybe someone from the team can say what will set XSN apart from QTUM and INK ?

And with a 10% treasury maybe get someone to promote what you're doing here ?

[gregwolf]

poswallet website is down with no explanation. Lost my coins thankfully I never had that many left. Anyway it was an exit scam I guess. These greedy assholes ahve not stolen enough money they want even more.
If you want to lose your money then invest in XSN.

Bull sh*t ..... Cloud is working fine

Ya sorry, I reacted without investigating further. I realize they had a swap and are now using that new coin. Apologies.

Right on .... So can people share some ideas about what xsn can accomplish with cross chain functions ? And staking as a service ?  I feel like I'm either over estimating what can be done if they accomplish this build , or the project is not getting the attention because people don't think they will accomplish it .

Just give me one example of what can be done with this cross chain function.... Anyone

One example: you will be able to stake other coins through a third party, without handing over your coins.

[gregwolf]

Has anyone found a list of third-party stakers (merchants) anywhere?

StakeNet cloud is up and running but that requires transferring coins (i.e. not TPoS) but I can't find any active merchants anywhere, no matter how hard I search, and the "Merchants" option on cloud is still greyed out.

Truly bizarre, since that's the whole freaking point! Is it not active yet (admittedly haven't checked, am at work so a bit limited!) or is there a list somewhere?

[yurez]

Has anyone found a list of third-party stakers (merchants) anywhere?

StakeNet cloud is up and running but that requires transferring coins (i.e. not TPoS) but I can't find any active merchants anywhere, no matter how hard I search, and the "Merchants" option on cloud is still greyed out.

Truly bizarre, since that's the whole freaking point! Is it not active yet (admittedly haven't checked, am at work so a bit limited!) or is there a list somewhere?

You can find active merchants on the channel: https://discordapp.com/invite/cyF5yCA
Plus on this channel there are all important news and updates from developers.

[gregwolf]

Has anyone found a list of third-party stakers (merchants) anywhere?

StakeNet cloud is up and running but that requires transferring coins (i.e. not TPoS) but I can't find any active merchants anywhere, no matter how hard I search, and the "Merchants" option on cloud is still greyed out.

Truly bizarre, since that's the whole freaking point! Is it not active yet (admittedly haven't checked, am at work so a bit limited!) or is there a list somewhere?

You can find active merchants on the channel: https://discordapp.com/invite/cyF5yCA
Plus on this channel there are all important news and updates from developers.

Gods, I hate Discord. It's such a shitpile. Like trying to find a single useful thing in a giant vat of vomit. :\

Looks like the one or two on there want huge piles of coins, so I'll stick with the cloud.

[ANDREW 555]

XSN Multi Currency Wallet (3 quarter)
https://coindar.org/en/event/stakenet-xsn-xsn-multi-currency-wallet-11527

[danishcheese]

poswallet website is down with no explanation. Lost my coins thankfully I never had that many left. Anyway it was an exit scam I guess. These greedy assholes ahve not stolen enough money they want even more.
If you want to lose your money then invest in XSN.

Bull sh*t ..... Cloud is working fine

Ya sorry, I reacted without investigating further. I realize they had a swap and are now using that new coin. Apologies.

Right on .... So can people share some ideas about what xsn can accomplish with cross chain functions ? And staking as a service ?  I feel like I'm either over estimating what can be done if they accomplish this build , or the project is not getting the attention because people don't think they will accomplish it .

Just give me one example of what can be done with this cross chain function.... Anyone

One example: you will be able to stake other coins through a third party, without handing over your coins.

Thanks for the response , what is their idea for cross chain ?

[danishcheese]

Has anyone found a list of third-party stakers (merchants) anywhere?

StakeNet cloud is up and running but that requires transferring coins (i.e. not TPoS) but I can't find any active merchants anywhere, no matter how hard I search, and the "Merchants" option on cloud is still greyed out.

Truly bizarre, since that's the whole freaking point! Is it not active yet (admittedly haven't checked, am at work so a bit limited!) or is there a list somewhere?

You can find active merchants on the channel: https://discordapp.com/invite/cyF5yCA
Plus on this channel there are all important news and updates from developers.

Gods, I hate Discord. It's such a shitpile. Like trying to find a single useful thing in a giant vat of vomit. :\

Looks like the one or two on there want huge piles of coins, so I'll stick with the cloud.

Agree , will not dig thru discord for anything ... Helpful info should be shared here also & it bothers me that the last tweet is a fluff piece .. THE BEST TECH AND quote " We’re a bit like the combination of the greatest and most ambitious projects, all under one roof, led by the most talented developers" okay ...... Its good to know that the team is not concerned with the market or the share price because they are all about a working product ? Which needs investors to secure the network so maybe they should be ?

[danishcheese]

Has anyone found a list of third-party stakers (merchants) anywhere?

StakeNet cloud is up and running but that requires transferring coins (i.e. not TPoS) but I can't find any active merchants anywhere, no matter how hard I search, and the "Merchants" option on cloud is still greyed out.

Truly bizarre, since that's the whole freaking point! Is it not active yet (admittedly haven't checked, am at work so a bit limited!) or is there a list somewhere?

They say its up and running ... The TPOS

[efreeti]

An amazing project! I have no doubt that he will be successful, I want to know more about bounty? I would gladly support Stakenet 

Yeah, it's awesome and with the TPOS already running. Seems like, there many people have signed up to use it. Unfortunately, there is no bounty campaign from this project, maybe later the dev will make it along the Stakenet Exchange running.

I don't think they are interested in doing a bounty program. The project is way off it's feet. 

Then that could be a way to get back on their feet unless their reserves are depleted and they can't even pay for promotional activities anymore.

[Jekwizor]

Quarterly DEV Update — Q2 2018



Welcome to our Quarterly Developer update for Q2 2018!

We have made several incredible achievements in the previous 3 months and released some very important features. Let us review together what has happened during this time;

-TPoS Implementation Successful
-New Listings for XSN
-Team Expansion
-Newly Appointed Advisor
-Logo Rebranding
-Announcing XSN Hardware Wallet
-SegWit & Lightning!
-Stakenet DEX
-Nano Ledger S
-mproved Whitepaper
-New Website
-XSN Cloud — Staking as a Service
-Next Upcoming Major Release

https://medium.com/@stakenet.platform/quarterly-dev-update-q2-2018-8c0e8a6d23a5

[falce]

if i wasnt with this coin(and its predecessor) since jan2017, i'd just dump too i guess. the devs did not deliver a working product for anything from the q2 coins development and stakenet.io still is - as poswallet2.0 - nothing but an online staking wallet for their own coin.

So for the coin part i'm not really that pessimistic, but the lack of sense in some decisions around the coin is incredible. the first release of the 1.0.10 wallet was just awful. it simply did not work, and opened scammers doors to very gullible people wanting a fix. the wallet is said to have been tested, the testnet itself was made private though. so instead of using a public testnet - as announced - to at least minimize the risks of all kinds of errors, they tested on their own, in their own environment, all of them being demanded to be tech savvy, which is for sure not the wrong group of people in the beginning of testing, but before the release, it should have been tested by "normies" as well. that would have been thoroughly. anyways after waiting a few days for the fix, which as always was promised for far too soon - "underpromising - overdelivering" - there is a release, again without any proper public testnet announcement, but by just releasing it as pre-release. people downloaded it again, it has about the same flaws as the release before - at least when reading up on discord. all of that combined with messages since the first release, that everyone, who will not update until 24th will get banned. so we have a two-times not working product, which is forced on the community without thourough community testing, but as a beta on the mainchain. most fun is that the devs are just not willing to move the date for getting banned with the working wallet, because fu it seems. i really dont know what else goes through their minds, when not being able to fullfil their own deadlines, leads to insisting everybody else has to...  

for the page - yeah i dislike the idea of centralized staking within a project so proud of decentralization. no tpos, no pooled mn, no mn hosting, just nothing that makes any difference to poswallet2.0, and still a lot worse than the first poswallet. promising a shitload, marketing it a a way people think it will be more, even making a countdown - and then. Countdown disregarded and release of one function.

i for one cannot remember a single time when the devs delivered some major update on time and i dont really care, because delays just happen. but thats the minority position, to not believe in marketing as much as tech. but i get the problem that not techy people, who are in the markets to simply earn money - and who are a big reason why most intelligent people in crypto are making money as well - who get advertised to with stakenet.io will have polled mn, mn hosting, ....  - then release - one function -> and then get something like "we never said anything will be implemented in the start, but an online staking wallet, dyor"(no actual quote) might want to sell.

so there are traders, who dont give too many shits about their tradeables anyways, and sell something because of smaller inconveniences
then there were some scammers, even less shits given about the coin itself
the team has huge bags as well, dont know what they do with the funds or treasury, its just not transparent, so there could be some market making as well (i dont think that they are malicious, but intransparency never leaves a good taste, especially when there are "votes" for treasury without options). and even if there was no market making, they will have to get some parts into fiat or btc as well, a lower xsn price does not lead to lower permanent costs (stakenet.io, hosting, ....), but to more xsn getting sold to pay for the teams expanses. that for example leads to higher downwards pressure, just for normal costs.

also selling the rewards has the same effect, but looking at the coin distribution, not only should rewards be sold, but the centralization of xsn be stopped. the last few dumps just lead to a point, where the ten richest addresses hold more than a fourth(26.09%) of all xsn.

especially the last point combined with the exchanges xsn is listed on and the low volume would lead to me not investing into xsn right now.

oh and because i cant read the shit about how poor xsn is compared to icos anymore - you have got a fund consisting of 5 mio for the dev and additional 1,5 for some abscure hardware project, since if two projects hit bumps on the road, its best to just start another one... that would make 6.5 mio xsn which even at lower prices was not nothing (more like ~2mio usd even at the lower end of the price chart) plus the treasury since the swap, so i am not saying you are super fucking rich, but a certain douche stating multiple times on discord, that they would not have millions of dollars since no ico, is just bs because they just have more than (at least) 1 mio and have had multiple millions when the prices were higher.

so why price dump?
people not caring about the project itself, quite possibly traders.
scammers
people who lost faith - the turkish community of xsn seems to have almost vanquished
and an enourmous centralization of coins does not help either, even if you invest a lot, there is some wallets, who have invested next to nothing in the posw times, and might create market disturbances that are just not leading me to the thought, that i want to keep my wealth in tpos or whatsoever in this coin

[33Bit]

You say lot off bullsit man... development fast and countious

check https://coinmarketcap.com/
  all coins droping because btc start hype


Read this:

Quarterly Developer update for Q2 2018!

We have made several incredible achievements in the previous 3 months and released some very important features. Let us review together what has happened during this time;

-TPoS Implementation Successful
-New Listings for XSN
-Team Expansion
-Newly Appointed Advisor
-Logo Rebranding
-Announcing XSN Hardware Wallet
-SegWit & Lightning!
-Stakenet DEX
-Nano Ledger S
-mproved Whitepaper
-New Website
-XSN Cloud — Staking as a Service
-Next Upcoming Major Release

https://medium.com/@stakenet.platform/quarterly-dev-update-q2-2018-8c0e8a6d23a5

[danishcheese]

Actually he speaks the truth & that's why that shilly list of " accomplishments you just posted was met with another 15% drop ! If orders were even there at 30+ % down they would have been filled also , but there are no orders at the moment ... Where is the TPOS ? because its not on the cloud & someone said you can find merchants on discord ? F#ck that . that is not how they are booking their progress .... It sure doesn't feel revolutionary and maybe I'm missing the significance of this release , but if I am the entire market is with me in missing it & meanwhile rather than using the funds that clearly are there to get the amazing word out , the team just keeps fluffing ? Hmmm and as the last poster pointed out 26% in the top ten wallets ? Come on dude ........ And the inflation rate will kill this coin alone if they don't deliver the moon next week . & if they do who will know ? Says 5000+ on discord ? Well their videos and tweets are lucky to get clicks in the hundreds ..... Looking mo scammmy every day .... Proove me wrong & I make money that would be cool


Pls note all items other than 1 & 11 on the fluff list you just posted are in fact , meaningless fluff ... As in not accomplishments at all ... Hey I made myself a new logo just now as I was typing this , cake time ? Pls ?

Oh and xsn has been dropping for a month , don't try to pin a 50%+drop on. BTC going up 10% 2 days ago ... If it continues to go up you suggest holding this ?

[Delphinus]

I'm still confident in XSN. From my perspective, the team did deliver. The main issue is making money with the technology they developed.

I'll hold till I see how this works out 

[danishcheese]

Yeah well until they are making money with this tech selling down their 24 million dollar mc seems to be what they will do ... They have done it from 48 mill to here & it doesn't seem to be stopping . btw can someone explain how the coin went from 4 cents to over 40 after the swap ? Was the swap inspired in part by someone comming in and saying hey I'll help you guys pump this thing ?


And down to less than 1 btc in bids on live coin , nice ... Glad to be 90% out of this POS ... As in piece of s it ... Guys every shit coin claims to have more going on on discord & its such a mess they just hope you figure you can't find it ... This tech at the moment shouldn't support a 3mill market cap let alone 40 ... Look at posw coin and that is where the price is going to . obvious now the swap Was partly a function of a pump

[Pal Palich]

  many people are interested in the idea of TPOSC with this I will agree 100%, there are interesting points, but how to forget the previous project that failed loudly, I'm talking about POSW?

[wolfington12]

if i wasnt with this coin(and its predecessor) since jan2017, i'd just dump too i guess. the devs did not deliver a working product for anything from the q2 coins development and stakenet.io still is - as poswallet2.0 - nothing but an online staking wallet for their own coin.

So for the coin part i'm not really that pessimistic, but the lack of sense in some decisions around the coin is incredible. the first release of the 1.0.10 wallet was just awful. it simply did not work, and opened scammers doors to very gullible people wanting a fix. the wallet is said to have been tested, the testnet itself was made private though. so instead of using a public testnet - as announced - to at least minimize the risks of all kinds of errors, they tested on their own, in their own environment, all of them being demanded to be tech savvy, which is for sure not the wrong group of people in the beginning of testing, but before the release, it should have been tested by "normies" as well. that would have been thoroughly. anyways after waiting a few days for the fix, which as always was promised for far too soon - "underpromising - overdelivering" - there is a release, again without any proper public testnet announcement, but by just releasing it as pre-release. people downloaded it again, it has about the same flaws as the release before - at least when reading up on discord. all of that combined with messages since the first release, that everyone, who will not update until 24th will get banned. so we have a two-times not working product, which is forced on the community without thourough community testing, but as a beta on the mainchain. most fun is that the devs are just not willing to move the date for getting banned with the working wallet, because fu it seems. i really dont know what else goes through their minds, when not being able to fullfil their own deadlines, leads to insisting everybody else has to...  

Hi there, i will try to answer all of your concerns in order.

You're right. The wallet launch was not flawless, and i agree (even as a team member). I hope you can understand this wallet has alot of "firsts" within the MN realm, and there is a notice in the wallet that this software is experimental. Thing is, we are pushing the envelope here. We aren't looking to be basic like most coins. When you push the envelope into new territory, there are bound to be hiccups in the dev realm.

Your main point is still relevant however. In future, we will be labelling all test releases "As test" so community members who wish to assist with bug finding can, and those that don't will avoid it until a stable release is out.

for the page - yeah i dislike the idea of centralized staking within a project so proud of decentralization. no tpos, no pooled mn, no mn hosting, just nothing that makes any difference to poswallet2.0, and still a lot worse than the first poswallet. promising a shitload, marketing it a a way people think it will be more, even making a countdown - and then. Countdown disregarded and release of one function.

All of these features are coming my friend. It's been like 3 weeks since release, and again none of this has been done before in crypto! If you know us, you know we deliver. and we will.

i for one cannot remember a single time when the devs delivered some major update on time and i dont really care, because delays just happen. but thats the minority position, to not believe in marketing as much as tech. but i get the problem that not techy people, who are in the markets to simply earn money - and who are a big reason why most intelligent people in crypto are making money as well - who get advertised to with stakenet.io will have polled mn, mn hosting, ....  - then release - one function -> and then get something like "we never said anything will be implemented in the start, but an online staking wallet, dyor"(no actual quote) might want to sell.

This isn't accurate most of our promises are delivered on time, although i acknowledge that we need to strive to be on time 100%, which we currently are not.

so there are traders, who dont give too many shits about their tradeables anyways, and sell something because of smaller inconveniences
then there were some scammers, even less shits given about the coin itself
the team has huge bags as well, dont know what they do with the funds or treasury, its just not transparent, so there could be some market making as well (i dont think that they are malicious, but intransparency never leaves a good taste, especially when there are "votes" for treasury without options). and even if there was no market making, they will have to get some parts into fiat or btc as well, a lower xsn price does not lead to lower permanent costs (stakenet.io, hosting, ....), but to more xsn getting sold to pay for the teams expanses. that for example leads to higher downwards pressure, just for normal costs.

What's not transparent? We have been swapped for about 5 months and we have already delivered alot! We have a huge backend of developers that are not on the website.

also selling the rewards has the same effect, but looking at the coin distribution, not only should rewards be sold, but the centralization of xsn be stopped. the last few dumps just lead to a point, where the ten richest addresses hold more than a fourth(26.09%) of all xsn.

XSN is not centralized. Stakenet cloud is currently centralized, but it is just an option for people. They can also find a TPOS merchant (marketplace will be on Stakenet.io soon)

especially the last point combined with the exchanges xsn is listed on and the low volume would lead to me not investing into xsn right now.

oh and because i cant read the shit about how poor xsn is compared to icos anymore - you have got a fund consisting of 5 mio for the dev and additional 1,5 for some abscure hardware project, since if two projects hit bumps on the road, its best to just start another one... that would make 6.5 mio xsn which even at lower prices was not nothing (more like ~2mio usd even at the lower end of the price chart) plus the treasury since the swap, so i am not saying you are super fucking rich, but a certain douche stating multiple times on discord, that they would not have millions of dollars since no ico, is just bs because they just have more than (at least) 1 mio and have had multiple millions when the prices were higher.

XSN is not poor. We never said we were poor. We simply said we don't have the insane amounts of  capital you'd have if you ICO'd, which we didn't. Just means we have a careful budget, and we need to stick to it

so why price dump?
people not caring about the project itself, quite possibly traders.
scammers
people who lost faith - the turkish community of xsn seems to have almost vanquished
and an enourmous centralization of coins does not help either, even if you invest a lot, there is some wallets, who have invested next to nothing in the posw times, and might create market disturbances that are just not leading me to the thought, that i want to keep my wealth in tpos or whatsoever in this coin

[Hokuten]

I've got to say, their Discord is actually more organised and less chaotic than other Discord's i've been apart of.

Seriously, they've labeled everything out and it's a breeze to find information in.

https://cdn.discordapp.com/attachments/470689680355229741/470689692413722645/unknown.png

It's really easy to find a merchant there..... I have no idea why so much hate?

Just give this project a try, they are doing everything they can do, and sure there have been a couple delays but this happens in crypto. The main thing is, they are working hard, they have a presence, and are active.