Lightning Network - Thoughts?

[Flux0z]

What are you guys thoughts on the Lightning Network? There's been MASSIVE debate on this since it's very invention, and I understand that the fundamentals for running BTC Lightning channels is very bad, since it's income potential is very limited, due to the extremely low fee's.

However, after some digging, found that Stakenet is developing a DEX built around the Lightning Network, with masternodes implementing these nodes (these masternodes is already in profit due to block rewards coming in, so a Lightning node is just an "extra" income on top of it).

This is pretty genius thinking, since nobody needs to be tech savy while using it, as it's eco-system (masternodes) will handle everything in the background.

Bitfinex has recently introduced Lightning Network support as well, so adopting is slowly, but surely coming for this.

What do you guys think?

[nightflightcourt]

I don't see how Lightning will take off beyond a hobbyist phase without massively centralized interests getting involved.
Stakenet's solution is notable for embedding LN nodes into masternodes so the LN nodes have access to all the collateral locked in the MNs (quasi-centralized liquidity pool within a purely decentralized network). The nodes will be running 24/7 in the background atop all that liquidity to rout payments and should take very little maintenance to keep up.

It could very well solve multiple problems in the industry by meshing the gears of many underutilized together.
Lightning? Lack of liquidity. Not profitable enough at the individual level.
Staking? Inflationary. Sometimes to an extreme. Underutilized use-case outside of securing the integrity of the network.
DEXs? Low liquidity, low volume, paper-thin orderbooks, AND difficult to access for 99.9x% of the world.
Atomic swaps? A big win for DEXs but still potentially very slow depending on which coins are being swapped.
Masternodes? Like so many staking coins, what do they do other than secure the integrity of the network and inflate the circulating supply?

Using Masternodes and the collateral locked within them to power Lightning Atomic Swaps which serve as the infrastructure for what could very well become the speediest and most liquid DEX in the industry and using a conservative inflationary supply to gradually produce more masternodes which, in a way, provide an opening to expand the exchange with additional servers so it doesn't hit a bottleneck. It's both genius and shocking that no one in crypto seems to even know that it exists.

[Marckolind]

Guess I need to do some research on Lightning, as this post above is pretty damn interesting.

I've seen a lot of hate on Lightning as of lately, but this seems like a cool implementation idea. Thanks for posting.

[TravelMug]

Guess I need to do some research on Lightning, as this post above is pretty damn interesting.

I've seen a lot of hate on Lightning as of lately, but this seems like a cool implementation idea. Thanks for posting.

Who is hating Lightning Network? when we can save a lot of transaction fees although it has some limitations. But it could really help in a way, specially if we go on another parabolic run choking the network.

So if you wanted to pay someone, you can take advantage of LN, open a channel so that the other party can issue the payment without adding congestion to the network, p2p, off-chain transaction.

[Marckolind]

Guess I need to do some research on Lightning, as this post above is pretty damn interesting.

I've seen a lot of hate on Lightning as of lately, but this seems like a cool implementation idea. Thanks for posting.

Who is hating Lightning Network? when we can save a lot of transaction fees although it has some limitations. But it could really help in a way, specially if we go on another parabolic run choking the network.

So if you wanted to pay someone, you can take advantage of LN, open a channel so that the other party can issue the payment without adding congestion to the network, p2p, off-chain transaction.

There's been a lot of hate and criticism around it's security on Reddit. This is another setup though, masternodes will handle everything, so the actual users wont need to have any technical knowledge on Lightning in order to trade, let alone send/recieve coins over the Lightning Network

[brightemo]

Bitfinex has recently introduced Lightning Network support as well, so adopting is slowly, but surely coming for this.

They also finally implement credit card support. In my opinion, every big exchange should support LN and cards

[nightflightcourt]

Guess I need to do some research on Lightning, as this post above is pretty damn interesting.

I've seen a lot of hate on Lightning as of lately, but this seems like a cool implementation idea. Thanks for posting.

The hardest challenge in Bitcoin's case is maintaining a consistently reliable infrastructure at the 2nd level. By embedding LN nodes into a scalable masternode network that already runs 24/7, we can establish a permanent base of stable, constantly open and active channels to process transactions.

Bitcoin needs a solution like this to scale beyond it's on-chain tx bottleneck effectively. The amount of on-chain transactions available at any given time needs to be as thoroughly optimized as it can be to make the most constructive use of the network at any given point, and I believe it's best to reserve as much of that tx/time bandwidth for transactions involving larger sums of money that need the additional protections granted by on-chain (traceability, never lose funds in a channel by mistake).

It’s inherently awful for sending small sums of money. Buying a concert/sports ticket at the gate, paying the check at a restaurant, waiting for the payment to process when you're buying a beer or in the front of a long line at the grocery store? From multiple wallets if you and a friend want to grab coffees? On-chain is way too slow to compete with cash or traditional ecommerce for everyday use.

It would be best to treat on-chain Bitcoin tx in a finite and priority-based manner like IPv4 addresses are in a network: finite, high priority, highly-organized, and in high-demand.

Lightning, alternatively, compliments Bitcoin in the same way that subnets compliment IPv4. Each and every one of those addresses in the IPv4 range are critical for expanding the internet and subnets allow for many more nodes and devices to participate on the network without crowding it. There are only so many plots of land in Hong Kong or Manhattan, but great density is achieved by building up. The internet is built up in a similar way. The IPv4 internet would have maxed out long ago and it would have been severely stunted.

For Lightning to do it's job in this way, it needs to be integrated with Bitcoin in a way that is economically feasible. The idea that near-zero fees are a threat to mining profitability and network security is very real. Routing near-zero fees on any small-scale level is barely profitable so liquidity is low and centralization looms.

Stakenet’s network appears to be the most cohesive answer to this problem. Stable, centralized liquidity pool from a purely decentralized engine.

[Flux0z]

Guess I need to do some research on Lightning, as this post above is pretty damn interesting.

I've seen a lot of hate on Lightning as of lately, but this seems like a cool implementation idea. Thanks for posting.

The hardest challenge in Bitcoin's case is maintaining a consistently reliable infrastructure at the 2nd level. By embedding LN nodes into a scalable masternode network that already runs 24/7, we can establish a permanent base of stable, constantly open and active channels to process transactions.

Bitcoin needs a solution like this to scale beyond it's on-chain tx bottleneck effectively. The amount of on-chain transactions available at any given time needs to be as thoroughly optimized as it can be to make the most constructive use of the network at any given point, and I believe it's best to reserve as much of that tx/time bandwidth for transactions involving larger sums of money that need the additional protections granted by on-chain (traceability, never lose funds in a channel by mistake).

It’s inherently awful for sending small sums of money. Buying a concert/sports ticket at the gate, paying the check at a restaurant, waiting for the payment to process when you're buying a beer or in the front of a long line at the grocery store? From multiple wallets if you and a friend want to grab coffees? On-chain is way too slow to compete with cash or traditional ecommerce for everyday use.

It would be best to treat on-chain Bitcoin tx in a finite and priority-based manner like IPv4 addresses are in a network: finite, high priority, highly-organized, and in high-demand.

Lightning, alternatively, compliments Bitcoin in the same way that subnets compliment IPv4. Each and every one of those addresses in the IPv4 range are critical for expanding the internet and subnets allow for many more nodes and devices to participate on the network without crowding it. There are only so many plots of land in Hong Kong or Manhattan, but great density is achieved by building up. The internet is built up in a similar way. The IPv4 internet would have maxed out long ago and it would have been severely stunted.

For Lightning to do it's job in this way, it needs to be integrated with Bitcoin in a way that is economically feasible. The idea that near-zero fees are a threat to mining profitability and network security is very real. Routing near-zero fees on any small-scale level is barely profitable so liquidity is low and centralization looms.

Stakenet’s network appears to be the most cohesive answer to this problem. Stable, centralized liquidity pool from a purely decentralized engine.

Great explanation.
I'm sure a lot of people don't understand most of it, but in a nutshell:

There's NO incentive to run Lighning nodes on BTC alone from a financial aspect due to the low fees you'll earn
On top of Stakenet's masternodes (which is already running in profit) a Lightning Node with it's small income will be an "added" income stream on top of block rewards, which makes this whole setup unique and interesting.

Thanks for posting!

[nightflightcourt]

Great explanation.
I'm sure a lot of people don't understand most of it, but in a nutshell:

There's NO incentive to run Lighning nodes on BTC alone from a financial aspect due to the low fees you'll earn
On top of Stakenet's masternodes (which is already running in profit) a Lightning Node with it's small income will be an "added" income stream on top of block rewards, which makes this whole setup unique and interesting.

Thanks for posting!

It all flows like liquid
All that money locked in Stakenet masternodes is like a deep water reserve. Most LN nodes pump from shallow puddles and lakes. Have them pump directly from the deep reserve and there's enough liquidity for the whole town to have drinking water. 

[dioanna]

I also have a little knowledge about Lightning network but while doing some searching.
It seems, It has a lot of detractors than supporters, Because it is more of a centralized network.

This is the article I have read which I think has it in detailed content.
https://medium.com/@jonaldfyookball/mathematical-proof-that-the-lightning-network-cannot-be-a-decentralized-bitcoin-scaling-solution-1b8147650800

[nightflightcourt]

I also have a little knowledge about Lightning network but while doing some searching.
It seems, It has a lot of detractors than supporters, Because it is more of a centralized network.

This is the article I have read which I think has it in detailed content.
https://medium.com/@jonaldfyookball/mathematical-proof-that-the-lightning-network-cannot-be-a-decentralized-bitcoin-scaling-solution-1b8147650800

Having multiple people manually take up the responsibility of routing in that manner would be absurd and, indeed, unfeasible as expressed by the author. That article is almost 3 years old. To it's credit, many of those fundamental flaws have shown themselves. Lightning was not implemented well.

Stakenet actually built a decentralized and automated solution that fixes the routing problem so no one has to do it themselves. Since each masternode in their network is worth so much in collateral, and that collateral can be used for liquidity, people can enjoy the speed and low fees of LN channel Bitcoin without having to run and maintain their own nodes at home. It effectively makes it much more akin to using a normal BTC wallet. MNs are located all over the world but they run in harmony and their liquidity is one. Due to that contradiction, I use the term "quasi-centralized" to describe XSN's LN liquidity pool.

If a giant, centralized "mega-router" came to be and it had this massive influence over the network, Stakenet is the only thing that can compete with it. Unlike a giant, centralized mega-router, Stakenet's tx, channels, and collateral are purely decentralized and tamper-proof. This is important!

If a centralized exchange wallet is a poorly built house, a centralized exchange Lightning wallet is a poorly built house with 2 floors. There are so many more complications that could be had. Fortunately, Stakenet's framework is one where you are in complete control of your money from deposit to withdraw. Since it's a DEX, it means unlimited trading pairs and no exit scams. Since it's on Lightning, it has speed and liquidity. Since it uses MNs, it makes Lightning usable.  You could call it ~ the much-feared reverse food-chain of XSN

[Marckolind]

I also have a little knowledge about Lightning network but while doing some searching.
It seems, It has a lot of detractors than supporters, Because it is more of a centralized network.

This is the article I have read which I think has it in detailed content.
https://medium.com/@jonaldfyookball/mathematical-proof-that-the-lightning-network-cannot-be-a-decentralized-bitcoin-scaling-solution-1b8147650800

From my research, Stakenet makes the Lightning Network decentralized, since the Lightning Nodes will be hosted on decentralized masternodes. So it's apparentely a different thing compared to Lightning directly on top of BTC, which could very well become centralized

[Febo]

It seems, It has a lot of detractors than supporters, Because it is more of a centralized network.

Lightning is not a main protocol layer. So you dont need totally decentralisation as you need there. You dont even need to use lightning at all. And everyone that will move big sums of BTC will avoid Lightning and use main Bitcoin layer.

[nightflightcourt]

If you want Bitcoin to scale infinitely, Lightning needs to be firing on all cylinders.

[ned.ryerson]

I believe that the Lightning Network is a breakthrough in the development of Bitcoin and its network. the most important thing is to make the Lightning network easier to use. so that people can safely create nodes. Now it is very difficult for ordinary people to use.

[nightflightcourt]

I believe that the Lightning Network is a breakthrough in the development of Bitcoin and its network. the most important thing is to make the Lightning network easier to use. so that people can safely create nodes. Now it is very difficult for ordinary people to use.

You'd probably like what XSN has been building on Lightning. I described what it's doing in detail above.
The end result will make LN as easy as:
1.) Downloading the wallet
2.) Securing it
3.) Sending crypto to it
And that's all the end-user has to worry about. No routing or liquidity concerns.

[disconnectme]

I have a feeling it is politics that is making the adoption of Lighting Network to lag behind. Seriously why are exchanges have to lose, most of these exchanges have been hacked several times and LN has we see it is a big bounty for hackers and 3 yrs running still doing fine, just hope things will get better

[nightflightcourt]

I have a feeling it is politics that is making the adoption of Lighting Network to lag behind. Seriously why are exchanges have to lose, most of these exchanges have been hacked several times and LN has we see it is a big bounty for hackers and 3 yrs running still doing fine, just hope things will get better

CEXs are all about money. Whenever they pretend to care about anything, they were usually bribed into it.

[jostorres]

I guess it could work if enough people join to it and agree to it, that is how blockchain stuff happens, you have to have people all join in and agree with something before it can be reality, if people do not like the idea they just not care about it.

Look at nano, it was created as so fast that when you send from one google chrome tab to another, the money will go faster than you can switch the tab, we are talking about less than a second transactions, people looked like they cared but now it is less than fifty cents so obviously people do not care about cheap or free and very fast transactions as much as they care about money itself. As long as proof of work stays and people want to make money from it, they will try to keep it that way as long as possible

[nightflightcourt]

I guess it could work if enough people join to it and agree to it, that is how blockchain stuff happens, you have to have people all join in and agree with something before it can be reality, if people do not like the idea they just not care about it.

Look at nano, it was created as so fast that when you send from one google chrome tab to another, the money will go faster than you can switch the tab, we are talking about less than a second transactions, people looked like they cared but now it is less than fifty cents so obviously people do not care about cheap or free and very fast transactions as much as they care about money itself. As long as proof of work stays and people want to make money from it, they will try to keep it that way as long as possible

I think both Stakenet and NANO have bright futures. It's not fair to say no one cares about NANO.
I remember when it was still XRB and it was pretty obscure.
Almost 3 years later and it's still in the top 70 and way above it's old prices. 

[Twinkledoe]

I have a feeling it is politics that is making the adoption of Lighting Network to lag behind. Seriously why are exchanges have to lose, most of these exchanges have been hacked several times and LN has we see it is a big bounty for hackers and 3 yrs running still doing fine, just hope things will get better

But that is I think for the better of Bitcoin and for the betterment of decentralization. I think even Segwit adoption was slow because it became such a political thing but we eventually got there, and consensus was eventually achieved. I think the disagreements and the politicking needs to happen or else it's not really Bitcoin right?

If only more exchanges and local exchanges will use bitcoin lightning network, it will save a lot of fees from the users end. But yes, maybe, there's politics involved the reason why we can't see them adopted. The bitcoin tx is getting expensive and the the waiting time is getting longer, I guess it's time to park the politics behind it. If we want adoption, we need LN.

[nightflightcourt]

If we want adoption, we need LN.

Agreed 100%. Could it have been implemented better? Absolutely. The doubts and concerns people have had about LN's viability are very valid.
However, we only have so much time to present a working decentralized solution to the world before central banks will step in and try to "save the day" with centralized fiat tokens. If crypto can't get Bitcoin right after 11 years+, I think it will be the perfect excuse to for central banks to to step in with digital fiat and claim that "it's like Bitcoin but safe".
Fortunately, we're in a rare place of opportunity where we have all the tools and resources we need to make BTC/LN resilient. It can be made very easy and safe to use and make purchases big and small.

[adaseb]

I think the reason why most people don't bother to use Segwit and LN is because bitcoin fees are fairly cheap again. We are getting 20% slower blocktimes due to the difficulty retarget and you can still get a transaction confirmed with an hour or so using 1 sat/byte. Hence transaction for bitcoin are very cheap at the moment.

If it ever comes to the times when we had those $50 confirmations which took hours then more and more people would start to use Segwit and LN. So we need adoption first, to congest the network, and then people will use LN more and it will lead to even more adoption since we have even cheaper and faster fees. Maybe if BTC hits a new ATH and gets a surge of new retail people joining, maybe then it will start the congestion again and we might consider LN.

[nightflightcourt]

I think the reason why most people don't bother to use Segwit and LN is because bitcoin fees are fairly cheap again. We are getting 20% slower blocktimes due to the difficulty retarget and you can still get a transaction confirmed with an hour or so using 1 sat/byte. Hence transaction for bitcoin are very cheap at the moment.

If it ever comes to the times when we had those $50 confirmations which took hours then more and more people would start to use Segwit and LN. So we need adoption first, to congest the network, and then people will use LN more and it will lead to even more adoption since we have even cheaper and faster fees. Maybe if BTC hits a new ATH and gets a surge of new retail people joining, maybe then it will start the congestion again and we might consider LN.

True. Fortunately, it looks like Bitcoin will be much better prepared this cycle.
Everything should be there, fully-prepared, to handle volume off-chain.

[Marckolind]

I think the reason why most people don't bother to use Segwit and LN is because bitcoin fees are fairly cheap again. We are getting 20% slower blocktimes due to the difficulty retarget and you can still get a transaction confirmed with an hour or so using 1 sat/byte. Hence transaction for bitcoin are very cheap at the moment.

If it ever comes to the times when we had those $50 confirmations which took hours then more and more people would start to use Segwit and LN. So we need adoption first, to congest the network, and then people will use LN more and it will lead to even more adoption since we have even cheaper and faster fees. Maybe if BTC hits a new ATH and gets a surge of new retail people joining, maybe then it will start the congestion again and we might consider LN.

True, I guess the majority of people will "wake up" once we go full bull again, and experience these crazy high transaction fees. The Lightning Network will probably be the "standard" way to transact if fees increase too drastically over time, which I'm sure they will as more and more people start to transact with it.

We'll see though... One thing's for sure, Stakenets vision and game plan is spot on here.

[Wh00re]

I think the reason why most people don't bother to use Segwit and LN is because bitcoin fees are fairly cheap again. We are getting 20% slower blocktimes due to the difficulty retarget and you can still get a transaction confirmed with an hour or so using 1 sat/byte. Hence transaction for bitcoin are very cheap at the moment.

If it ever comes to the times when we had those $50 confirmations which took hours then more and more people would start to use Segwit and LN. So we need adoption first, to congest the network, and then people will use LN more and it will lead to even more adoption since we have even cheaper and faster fees. Maybe if BTC hits a new ATH and gets a surge of new retail people joining, maybe then it will start the congestion again and we might consider LN.

True. Fortunately, it looks like Bitcoin will be much better prepared this cycle.
Everything should be there, fully-prepared, to handle volume off-chain.

Next cycle could mean $100 BTC fees if the bullrun exceeds the last one, forcing people to use the Lightning Network if they want to transact in BTC. That's pretty bullish for a project like Stakenet, since they'll solve an actual problem.

[el kaka22]

It is cheap right now and we do not have any problems about it, however how about make it even cheaper and faster?

I mean there is no reason to get ready for a huge day in the future but also we can't just accept the current one alright enough and stop? That is not what satoshi did, he didn't liked the current monetary system and built something better, we should take him as example and work towards getting better.

I understand that LN is working towards the future, for a day when bitcoin transactions are so so so much that we will HAVE TO use LN and I get that, however I do not see the point why we have to wait right now and pay more, you can use LN today and still get faster and cheaper transactions, we should take advantage of that development when we can and not when we have to.

[nightflightcourt]

I understand that LN is working towards the future, for a day when bitcoin transactions are so so so much that we will HAVE TO use LN and I get that, however I do not see the point why we have to wait right now and pay more, you can use LN today and still get faster and cheaper transactions, we should take advantage of that development when we can and not when we have to.

Agreed.

[Flux0z]

It is cheap right now and we do not have any problems about it, however how about make it even cheaper and faster?

I mean there is no reason to get ready for a huge day in the future but also we can't just accept the current one alright enough and stop? That is not what satoshi did, he didn't liked the current monetary system and built something better, we should take him as example and work towards getting better.

I understand that LN is working towards the future, for a day when bitcoin transactions are so so so much that we will HAVE TO use LN and I get that, however I do not see the point why we have to wait right now and pay more, you can use LN today and still get faster and cheaper transactions, we should take advantage of that development when we can and not when we have to.

Couldn't have said it any better man. Lightning transactions will hopefully be adopted soon enough, and I believe Stakenet is solving an actual problem here, making Lightning transactions EASILY accessible by the average Joe with their Multi Currency Wallet.

[nightflightcourt]

Couldn't have said it any better man. Lightning transactions will hopefully be adopted soon enough, and I believe Stakenet is solving an actual problem here, making Lightning transactions EASILY accessible by the average Joe with their Multi Currency Wallet.

It is very straightforward.
1.) Buy Bitcoin
2.) Send to Stakenet wallet
There. Now you have all the benefits of Lightning and an exchange in a private wallet that no one but you can tamper with.

[Flux0z]

Couldn't have said it any better man. Lightning transactions will hopefully be adopted soon enough, and I believe Stakenet is solving an actual problem here, making Lightning transactions EASILY accessible by the average Joe with their Multi Currency Wallet.

It is very straightforward.
1.) Buy Bitcoin
2.) Send to Stakenet wallet
There. Now you have all the benefits of Lightning and an exchange in a private wallet that no one but you can tamper with.

True, however do you know if the "DEX Aggregator" will be "active" at launch? Since it allows a ton of liquidity from other DEX's orderbooks, I'd love to see it in action! 

[beerlover]

Think about it, exchanges make a killing from the withdrawal fees, they are using segwit and lets say they pay 300 satoshi for 5 transactions in a single move from one wallet, they collect 500 satoshi from each of them making a 2200 satoshi profit.

Now you may say 2200 satoshi is nothing but that is just one transaction, think about how many withdrawals happens in the big places, these dudes literally make thousands of dollars per day from the excess withdrawal money they ask from people.

So, if the whole world changes to LN, that would mean the end of all those profits for exchanges, well when exchanges do not accept deposits from LN and they do not withdraw to LN that means the whole world has to accept the fact that they will not use LN at all. Only possible way would be some exchanges start accepting LN as an option to get more users and be competitive, which will result with others following because they are losing users to their competition.

[Flux0z]

Think about it, exchanges make a killing from the withdrawal fees, they are using segwit and lets say they pay 300 satoshi for 5 transactions in a single move from one wallet, they collect 500 satoshi from each of them making a 2200 satoshi profit.

Now you may say 2200 satoshi is nothing but that is just one transaction, think about how many withdrawals happens in the big places, these dudes literally make thousands of dollars per day from the excess withdrawal money they ask from people.

So, if the whole world changes to LN, that would mean the end of all those profits for exchanges, well when exchanges do not accept deposits from LN and they do not withdraw to LN that means the whole world has to accept the fact that they will not use LN at all. Only possible way would be some exchanges start accepting LN as an option to get more users and be competitive, which will result with others following because they are losing users to their competition.

Bitfinex recently added support for Lightning Network transactions, and many other exchanges will do the same. It's all a matter of competition, the best exchange wins the race.

This DEX will be superior compared with any other DEX on the market due to speed and liquidity. Read up on their DEX Aggregator if you want to know more about how liquidity is taken care off.

[Marckolind]

Just tried the DEX and did my first BTC/LTC trade, which was INSTANT, just as when you trade on Binance. Pretty mind blown, and crossing my fingers that more projects starts to enable Lightning on their chain, as this opens the door to full scale trading with no boundaries. 

[nightflightcourt]

Instant One-click BTC/LTC swaps on Lightning!
https://www.youtube.com/watch?v=wSNFhFBKmsc
 

[Flux0z]

Instant One-click BTC/LTC swaps on Lightning!
https://www.youtube.com/watch?v=wSNFhFBKmsc
 

Looks absolutely SICK! Considering this is a project evaluated at JUST $3.5 million dollars in marketcap, I'm DEFINITELY considering to get a node or two more to my stack of coins.

Thanks for posting!

[Wh00re]

Think about it, exchanges make a killing from the withdrawal fees, they are using segwit and lets say they pay 300 satoshi for 5 transactions in a single move from one wallet, they collect 500 satoshi from each of them making a 2200 satoshi profit.

Now you may say 2200 satoshi is nothing but that is just one transaction, think about how many withdrawals happens in the big places, these dudes literally make thousands of dollars per day from the excess withdrawal money they ask from people.

So, if the whole world changes to LN, that would mean the end of all those profits for exchanges, well when exchanges do not accept deposits from LN and they do not withdraw to LN that means the whole world has to accept the fact that they will not use LN at all. Only possible way would be some exchanges start accepting LN as an option to get more users and be competitive, which will result with others following because they are losing users to their competition.

I'm sure masternode owners hosting DEX's in the future will make an absolute KILLING.

Don't be the fool looking for gold (investors), be the guy selling the shovels (run nodes). 

[leea-1334]

I'm sure masternode owners hosting DEX's in the future will make an absolute KILLING.

Don't be the fool looking for gold (investors), be the guy selling the shovels (run nodes). 

I am hoping for this and to be perfectly honest,,, I do not mind one single bit to give 500 satoshis all the time to one individual who has to host a node and channel, rather than pay thousands PER transaction to a company's wallet.

If I had resources, I would run nodes!

[Marckolind]

I'm sure masternode owners hosting DEX's in the future will make an absolute KILLING.

Don't be the fool looking for gold (investors), be the guy selling the shovels (run nodes). 

I am hoping for this and to be perfectly honest,,, I do not mind one single bit to give 500 satoshis all the time to one individual who has to host a node and channel, rather than pay thousands PER transaction to a company's wallet.

If I had resources, I would run nodes!

I feel the same way. This way the fees are shared amongst those who setup the servers and host them to benefit the network. I love this decentralized way of thinking, and believe that nodes on this network will be very profitable long term. We'll see though!

[nelson4lov]

Seen a lot of people argue that DEX's are bad for 2 obvious reasons:


1) Speed of trading
2) Liquidity/volume

Stakenet solves both of these problems with their Lightning Network compatible DEX, which is an integrated part of their multi currency wallet. Off-chain trading is instant, which solves the speed issue.
Next issue is liquidity, which is solves by integrating a "DEX Aggregator", which basically combines other DEX orderbooks into Stakenet's, adding TONS of liquidity, with USDT adding Lightning soon, you'll be able to scalp BTC profits instantly while on the "go", since this will be available as a phone app as well.

It still leaves much to be desired in my opinion. The issue of speed seems to be taken care of but whatever about liquidity? Not so sure. This is why centralized exchanges have always been ahead of decentralized exchanges.  Orderbooks in DeXs are usually thin. I hope stakeNet solves this soon. Kudos to the StakeNet team. They seem to be the only ones concerned about the future of decentralized exchanges.

[TravelMug]

Guess I need to do some research on Lightning, as this post above is pretty damn interesting.

I've seen a lot of hate on Lightning as of lately, but this seems like a cool implementation idea. Thanks for posting.

Who is hating Lightning Network? when we can save a lot of transaction fees although it has some limitations. But it could really help in a way, specially if we go on another parabolic run choking the network.

So if you wanted to pay someone, you can take advantage of LN, open a channel so that the other party can issue the payment without adding congestion to the network, p2p, off-chain transaction.

There's been a lot of hate and criticism around it's security on Reddit. This is another setup though, masternodes will handle everything, so the actual users wont need to have any technical knowledge on Lightning in order to trade, let alone send/recieve coins over the Lightning Network

Are you talking about the supposedly lost funds? It was his fault, he didn't understand how LN works. And just like any other cryptos out there, if you lack knowledge and something wrong went in your way, don't blame the system.

https://www.reddit.com/r/Bitcoin/comments/dnffim/did_the_guy_who_claimed_to_lose_4_btc_on_the/

I wouldn't say that you need to be technical here, but you should at least learn the basics because we all know that transactions here are irreversible.

[Wh00re]

Seen a lot of people argue that DEX's are bad for 2 obvious reasons:


1) Speed of trading
2) Liquidity/volume

Stakenet solves both of these problems with their Lightning Network compatible DEX, which is an integrated part of their multi currency wallet. Off-chain trading is instant, which solves the speed issue.
Next issue is liquidity, which is solves by integrating a "DEX Aggregator", which basically combines other DEX orderbooks into Stakenet's, adding TONS of liquidity, with USDT adding Lightning soon, you'll be able to scalp BTC profits instantly while on the "go", since this will be available as a phone app as well.

It still leaves much to be desired in my opinion. The issue of speed seems to be taken care of but whatever about liquidity? Not so sure. This is why centralized exchanges have always been ahead of decentralized exchanges.  Orderbooks in DeXs are usually thin. I hope stakeNet solves this soon. Kudos to the StakeNet team. They seem to be the only ones concerned about the future of decentralized exchanges.

Liquidity is solved with Stakenet's "DEX Aggregator" which combines multiple DEX order books from other DEX's together in ONE. This means they'll be accessiable through their API, meaning TONS of liquidity will be available here, benefitting all DEX's around us today, since you could trade with someone from the BISQ DEX without even knowing it, makes sense?

These guys thought of everything... Literally.

[nelson4lov]

Seen a lot of people argue that DEX's are bad for 2 obvious reasons:


1) Speed of trading
2) Liquidity/volume

Stakenet solves both of these problems with their Lightning Network compatible DEX, which is an integrated part of their multi currency wallet. Off-chain trading is instant, which solves the speed issue.
Next issue is liquidity, which is solves by integrating a "DEX Aggregator", which basically combines other DEX orderbooks into Stakenet's, adding TONS of liquidity, with USDT adding Lightning soon, you'll be able to scalp BTC profits instantly while on the "go", since this will be available as a phone app as well.

It still leaves much to be desired in my opinion. The issue of speed seems to be taken care of but whatever about liquidity? Not so sure. This is why centralized exchanges have always been ahead of decentralized exchanges.  Orderbooks in DeXs are usually thin. I hope stakeNet solves this soon. Kudos to the StakeNet team. They seem to be the only ones concerned about the future of decentralized exchanges.

Liquidity is solved with Stakenet's "DEX Aggregator" which combines multiple DEX order books from other DEX's together in ONE. This means they'll be accessiable through their API, meaning TONS of liquidity will be available here, benefitting all DEX's around us today, since you could trade with someone from the BISQ DEX without even knowing it, makes sense?

These guys thought of everything... Literally.

Yes, Its true that Stakenet would add the Dex aggregator feature sometime in the future (according to the stakenet roadmap). While I'm aware of this, I didn't consider it in my reply as it's still an upcoming feature in the roadmap and we can't say if it'll solve the problem of liquidity and volume that the status quo DEXs are currently experiencing. Uniswap and Kyber  partnered together in 2019 to pool liquidity. Until then, I'd be keeping an eye on stakeNet's roadmap for DEXs aggregator release.

[GucciBoy]

Seen a lot of people argue that DEX's are bad for 2 obvious reasons:


1) Speed of trading
2) Liquidity/volume

Stakenet solves both of these problems with their Lightning Network compatible DEX, which is an integrated part of their multi currency wallet. Off-chain trading is instant, which solves the speed issue.
Next issue is liquidity, which is solves by integrating a "DEX Aggregator", which basically combines other DEX orderbooks into Stakenet's, adding TONS of liquidity, with USDT adding Lightning soon, you'll be able to scalp BTC profits instantly while on the "go", since this will be available as a phone app as well.

It still leaves much to be desired in my opinion. The issue of speed seems to be taken care of but whatever about liquidity? Not so sure. This is why centralized exchanges have always been ahead of decentralized exchanges.  Orderbooks in DeXs are usually thin. I hope stakeNet solves this soon. Kudos to the StakeNet team. They seem to be the only ones concerned about the future of decentralized exchanges.

Liquidity is solved with Stakenet's "DEX Aggregator" which combines multiple DEX order books from other DEX's together in ONE. This means they'll be accessiable through their API, meaning TONS of liquidity will be available here, benefitting all DEX's around us today, since you could trade with someone from the BISQ DEX without even knowing it, makes sense?

These guys thought of everything... Literally.

Yes, Its true that Stakenet would add the Dex aggregator feature sometime in the future (according to the stakenet roadmap). While I'm aware of this, I didn't consider it in my reply as it's still an upcoming feature in the roadmap and we can't say if it'll solve the problem of liquidity and volume that the status quo DEXs are currently experiencing. Uniswap and Kyber  partnered together in 2019 to pool liquidity. Until then, I'd be keeping an eye on stakeNet's roadmap for DEXs aggregator release.

As far as I know, it shouldn't really take that long to develop. They need their priorities straight when working on this project, so I'm sure once they've released the DEX, the Aggregator will be implemented shortly after.
Right now they are working on integrating ETH, and it's tokens to the platform, along with trading bots etc.

[nelson4lov]

Right now they are working on integrating ETH, and it's tokens to the platform, along with trading bots etc.

Yes. Like I said yesterday, it's too early to conclude that stakenet DEX aggregator will solve the problem with status quo DEX.

As far as I know, it shouldn't really take that long to develop. They need their priorities straight when working on this project, so I'm sure once they've released the DEX, the Aggregator will be implemented shortly after.

It's not that easy. If I remember correctly, StakeNet has about 10 or more features/products that they're are currently working on. After the DEX release, It'll still take a while to get the DEX aggregator up and running as series of testing has to be made to ensure that the software work as it should.

[Flux0z]

Right now they are working on integrating ETH, and it's tokens to the platform, along with trading bots etc.

Yes. Like I said yesterday, it's too early to conclude that stakenet DEX aggregator will solve the problem with status quo DEX.

As far as I know, it shouldn't really take that long to develop. They need their priorities straight when working on this project, so I'm sure once they've released the DEX, the Aggregator will be implemented shortly after.

It's not that easy. If I remember correctly, StakeNet has about 10 or more features/products that they're are currently working on. After the DEX release, It'll still take a while to get the DEX aggregator up and running as series of testing has to be made to ensure that the software work as it should.

Nothing is built/coded instantly, and while I do understand your "concerns", it's really not that big of a deal considering how slow other projects are with developments. I'm actually impressed with the speed of development on this project. There are like 40+ devs on this project as far as I know, so they are progressing pretty damn fast.

[Marckolind]

Seen a lot of people argue that DEX's are bad for 2 obvious reasons:


1) Speed of trading
2) Liquidity/volume

Stakenet solves both of these problems with their Lightning Network compatible DEX, which is an integrated part of their multi currency wallet. Off-chain trading is instant, which solves the speed issue.
Next issue is liquidity, which is solves by integrating a "DEX Aggregator", which basically combines other DEX orderbooks into Stakenet's, adding TONS of liquidity, with USDT adding Lightning soon, you'll be able to scalp BTC profits instantly while on the "go", since this will be available as a phone app as well.

It still leaves much to be desired in my opinion. The issue of speed seems to be taken care of but whatever about liquidity? Not so sure. This is why centralized exchanges have always been ahead of decentralized exchanges.  Orderbooks in DeXs are usually thin. I hope stakeNet solves this soon. Kudos to the StakeNet team. They seem to be the only ones concerned about the future of decentralized exchanges.

Liquidity is solved with Stakenet's "DEX Aggregator" which combines multiple DEX order books from other DEX's together in ONE. This means they'll be accessiable through their API, meaning TONS of liquidity will be available here, benefitting all DEX's around us today, since you could trade with someone from the BISQ DEX without even knowing it, makes sense?

These guys thought of everything... Literally.

Yes, Its true that Stakenet would add the Dex aggregator feature sometime in the future (according to the stakenet roadmap). While I'm aware of this, I didn't consider it in my reply as it's still an upcoming feature in the roadmap and we can't say if it'll solve the problem of liquidity and volume that the status quo DEXs are currently experiencing. Uniswap and Kyber  partnered together in 2019 to pool liquidity. Until then, I'd be keeping an eye on stakeNet's roadmap for DEXs aggregator release.

I honestly don't even worry so much about the Aggregator implementation, since it seems like an "easy" thing to do, since it's based on API's and not so much custom coding, but who do I know, lol.. I'm not a coder

[suryapro]

actually this is a problem of the work system. where all use work methods that aim to provide good service to users. but if it reduces the working power of speed, of course this is a new problem

[Wh00re]

actually this is a problem of the work system. where all use work methods that aim to provide good service to users. but if it reduces the working power of speed, of course this is a new problem

Not sure what you're trying to say here.
The Lightning Network doesn't have much incentive to run on BTC itself due to the low rewards for hosting a node, it's completely different when you host a node on an already existent profitable masternode though, which also makes the whole thing decentralized

[nelson4lov]

Right now they are working on integrating ETH, and it's tokens to the platform, along with trading bots etc.

Yes. Like I said yesterday, it's too early to conclude that stakenet DEX aggregator will solve the problem with status quo DEX.

As far as I know, it shouldn't really take that long to develop. They need their priorities straight when working on this project, so I'm sure once they've released the DEX, the Aggregator will be implemented shortly after.

It's not that easy. If I remember correctly, StakeNet has about 10 or more features/products that they're are currently working on. After the DEX release, It'll still take a while to get the DEX aggregator up and running as series of testing has to be made to ensure that the software work as it should.

Nothing is built/coded instantly, and while I do understand your "concerns", it's really not that big of a deal considering how slow other projects are with developments. I'm actually impressed with the speed of development on this project. There are like 40+ devs on this project as far as I know, so they are progressing pretty damn fast.

I think you may have misunderstood me. I didn't in any way mean that the features I mentioned in my last post could be developed (coded) instantly. The point I was trying to drive home was that, implementing features like this does take time. It's a financial application and at such, there's more to just creating the platform. They also have to perform series of tests to ensure that users have a secured and seamless experience while using the platform.

I for one follow the Stakenet team progress on github to see their progress. So far, I've been impressed. I still maintain that these things take time.

[Flux0z]

Right now they are working on integrating ETH, and it's tokens to the platform, along with trading bots etc.

Yes. Like I said yesterday, it's too early to conclude that stakenet DEX aggregator will solve the problem with status quo DEX.

As far as I know, it shouldn't really take that long to develop. They need their priorities straight when working on this project, so I'm sure once they've released the DEX, the Aggregator will be implemented shortly after.

It's not that easy. If I remember correctly, StakeNet has about 10 or more features/products that they're are currently working on. After the DEX release, It'll still take a while to get the DEX aggregator up and running as series of testing has to be made to ensure that the software work as it should.

Nothing is built/coded instantly, and while I do understand your "concerns", it's really not that big of a deal considering how slow other projects are with developments. I'm actually impressed with the speed of development on this project. There are like 40+ devs on this project as far as I know, so they are progressing pretty damn fast.

I think you may have misunderstood me. I didn't in any way mean that the features I mentioned in my last post could be developed (coded) instantly. The point I was trying to drive home was that, implementing features like this does take time. It's a financial application and at such, there's more to just creating the platform. They also have to perform series of tests to ensure that users have a secured and seamless experience while using the platform.

I for one follow the Stakenet team progress on github to see their progress. So far, I've been impressed. I still maintain that these things take time.

I did misunderstood you I see, sorry about that!

I'm impressed with their developments as well, and when you consider that parts of their developments are in private repos on Github (not viewable by the public), it's truly impressive how much they've been building on infrastructure as of lately. They've been testing the Multi Currency Wallet and DEX for months now, and it finally seems like the biggest bugs and security flaws has been solved. It wouldn't surprise me if the DEX is realeased before the BTC halving, or just after, who knows? All I know is, that this is one the greatest dApps I've ever seen built.

[HomeBoyChild]

The Lightning Network is way more benefitting to crypto than I first realized. I've seen so much hate on it from BTC maximalists, but what I think they don't understand is, that BTC NEEDS to scale if adoption is to take place in any greater scheme than what we're seeing today.

Exchanges is starting to adapt to the Lightning Network, and I'm sure we'll see Lightning payments being used more and more as the network fees increases.

[Flux0z]

The Lightning Network is way more benefitting to crypto than I first realized. I've seen so much hate on it from BTC maximalists, but what I think they don't understand is, that BTC NEEDS to scale if adoption is to take place in any greater scheme than what we're seeing today.

Exchanges is starting to adapt to the Lightning Network, and I'm sure we'll see Lightning payments being used more and more as the network fees increases.

True, The Lightning Network straight on BTC doesn't make much sense, as nobody would run it and be in profit due to the low fees involved, so Stakenet's idea is pretty damn cool.
I'm excited to see the final public release of this, as it's been in the works for a long time now. Pretty impressed from the tests I've done so far, looks pretty slick, and functions pretty smooth as well. Devs just needs to add the last bits for the final release.

[jahepahit]

actually the hypernet network is reserved for company owners. because hypernet itself is an internet network provider that requires a large scale. so if this system combined with crypto technology is certainly very useful for users

[Marckolind]

actually this is a problem of the work system. where all use work methods that aim to provide good service to users. but if it reduces the working power of speed, of course this is a new problem

Not sure what you're trying to say here.
The Lightning Network doesn't have much incentive to run on BTC itself due to the low rewards for hosting a node, it's completely different when you host a node on an already existent profitable masternode though, which also makes the whole thing decentralized

I actually have seen one or two posts in the pasts from someone sharing their lightning node income and it's actually not bad at all. Satoshis actually do stack up and if you've got a good node connected to a lot of channels, those micro fees add up over a day, over a month. Plus we're talking actual btc, which is a hundred times better compared to any masternode income.

True, so you've got the best of both worlds here. You can profit from your lightning node PLUS your masternode as they will run on the same VPS server. As more and more dApps is being developed you'll be able to profit from 3-4, maybe even 10 different sources a few years from now.

Traditional masternodes isn't assigned any real "jobs", they are just "sitting there" doing nothing. That's what I like about Stakenet. It's such an innovating way of thinking.

[Flux0z]

actually this is a problem of the work system. where all use work methods that aim to provide good service to users. but if it reduces the working power of speed, of course this is a new problem

Not sure what you're trying to say here.
The Lightning Network doesn't have much incentive to run on BTC itself due to the low rewards for hosting a node, it's completely different when you host a node on an already existent profitable masternode though, which also makes the whole thing decentralized

I actually have seen one or two posts in the pasts from someone sharing their lightning node income and it's actually not bad at all. Satoshis actually do stack up and if you've got a good node connected to a lot of channels, those micro fees add up over a day, over a month. Plus we're talking actual btc, which is a hundred times better compared to any masternode income.

I'd love to know how much profit those nodes accumulate, do you remember how much? As it's a secondary income, I wouldn't mind if the profits was low, but this is quite interesting to read.

[Marckolind]

actually this is a problem of the work system. where all use work methods that aim to provide good service to users. but if it reduces the working power of speed, of course this is a new problem

Not sure what you're trying to say here.
The Lightning Network doesn't have much incentive to run on BTC itself due to the low rewards for hosting a node, it's completely different when you host a node on an already existent profitable masternode though, which also makes the whole thing decentralized

I actually have seen one or two posts in the pasts from someone sharing their lightning node income and it's actually not bad at all. Satoshis actually do stack up and if you've got a good node connected to a lot of channels, those micro fees add up over a day, over a month. Plus we're talking actual btc, which is a hundred times better compared to any masternode income.

I'd love to know how much profit those nodes accumulate, do you remember how much? As it's a secondary income, I wouldn't mind if the profits was low, but this is quite interesting to read.

I'd love to know as well as I haven't seen much talk about profits in regards to operating Lightning Network nodes. With fee's as low as 1 satoshi, it requires a TON of daily transactions to be worth it long term. I guess you can set your own price if you setup a node though? As long as it's cheaper than a standard on-chain transaction, I don't see why nobody would benefit from it. 

[Febo]

There is around 10% less Bitcoins in Lightning network as a year ago. That is very sad. Blockstream’s Liquid side chain on the other hand had huge growth in last few months.
 
After both the number of payment channels and the publicly visible capacity of the network peaked in April of last year, the values ​​fell continuously for around half a year. Now a trend reversal is in sight. At the beginning of November, there were only around 811 bitcoins in the Lightning network, the number has now risen again to more than 950.


Capacity in public Lightning channels according to Bitcoin Visuals. The orange line represents the capacity in Bitcoin, the blue one in dollars.

[casperBGD]

There is around 10% less Bitcoins in Lightning network as a year ago. That is very sad. Blockstream’s Liquid side chain on the other hand had huge growth in last few months.
 
After both the number of payment channels and the publicly visible capacity of the network peaked in April of last year, the values ​​fell continuously for around half a year. Now a trend reversal is in sight. At the beginning of November, there were only around 811 bitcoins in the Lightning network, the number has now risen again to more than 950.

Capacity in public Lightning channels according to Bitcoin Visuals. The orange line represents the capacity in Bitcoin, the blue one in dollars.

it is sad to hear that lighting network is losing on their revenue with Bitcoin, i am curious will this trend reverse in 2020 after the halving, hope it will

[Flux0z]

There is around 10% less Bitcoins in Lightning network as a year ago. That is very sad. Blockstream’s Liquid side chain on the other hand had huge growth in last few months.
 
After both the number of payment channels and the publicly visible capacity of the network peaked in April of last year, the values ​​fell continuously for around half a year. Now a trend reversal is in sight. At the beginning of November, there were only around 811 bitcoins in the Lightning network, the number has now risen again to more than 950.


Capacity in public Lightning channels according to Bitcoin Visuals. The orange line represents the capacity in Bitcoin, the blue one in dollars.

You have to consider that running, and setting up a Lightning Node isn't for newbs, and only hardcore nerds at this point in time. Stakenet will have around 2000 masternodes with a huge amount of them running Lightning Nodes, which will boost the numbers of BTC in Lightning nodes significantly.

As a general user of the Stakenet DEX, you don't need to know much about Lightning, everything is handled for you, which I believe will be something that a lot of people will make use off, to trade with lower fees.

[btcltcdigger]

I heard there was some lightning adoption already on a small scale. What happened to that?

[LeoBTCGod]

I heard there was some lightning adoption already on a small scale. What happened to that?

Any more details on this? I know Bitfinex and a few other exchanges have started to support Lightning Network transactions, as well as businesses, but we still haven't seen any huge adoption of the technology yet 

[GucciBoy]

I heard there was some lightning adoption already on a small scale. What happened to that?

I've seen very little usage of the Lightning Network thus far as it's really complicated for the average Joe to use right now. Stakenet changes that, and makes the Lightning Network easily accessible with masternodes handling all the technical aspects of it.

A few exchanges have implemented it, including a few online stores I've come across as well. Adoption of new tech takes time 

[coronga]

Will LN work? Despite the massive growth of the network in the first half of 2019, the number of user channels and network capacity is still falling, maybe we need a few more years.

[Wh00re]

Will LN work? Despite the massive growth of the network in the first half of 2019, the number of user channels and network capacity is still falling, maybe we need a few more years.

TONS of transactions has taken place over the Lightning Network. You can beta test Stakenet's new Lightning Network DEX and see for yourself actually.
Just join their discord server, ask for permission to access the testing channel.

You don't need any technical knowledge, as the Lightning node is hosted for you, just trade away as much as you feel like

[LeoBTCGod]

Will LN work? Despite the massive growth of the network in the first half of 2019, the number of user channels and network capacity is still falling, maybe we need a few more years.

Bitfinex integrated LN into their exchange, so sure it works. Reason why it's not being used as much is because it's pretty technical to setup your own node, which is why you can soon benefit from Stakenet's eco-system and use their nodes when transacting. 

[Flux0z]

Recent studies have shown the Lightning Network is struggling, but are these teething problems or longer-term issues?

Source: https://cointelegraph.com/news/lightning-networks-has-yet-to-strike-adoption-but-dont-count-it-out

There's no doubt that a LOT of people will be surprised at how smooth the Stakenet DEX is gonna run. I've been beta testing it the past month, and it's so smooth compared to anything else I've tried. It's clear that Stakenet solves a lot of the LN problems we've seen to this date. Exciting.

[BTCXRPADA]

Less miners to validate transactions due to lowered BTC rewards from mining after the recent halving = higher fees to send BTC.

The Lightning Network is definitely needed. Very underrated thread.

[durilup]

I think lightning network was already applied few years ago to bitcoin blockchain if I am not bad . But if I send right now some btc to another user it takes more than 10 minutes and the fee is almost $1.

[LeoBTCGod]

I think lightning network was already applied few years ago to bitcoin blockchain if I am not bad . But if I send right now some btc to another user it takes more than 10 minutes and the fee is almost $1.

Bitcoin is Lightning Network compatible yes. The same is: LTC, XSN, DCR, and many other projects. You need a Lightning node to route payments off-chain from one person to another, which is where the scaling solution "fails", as nobody is incentivized enough to run these. This is where Stakenet makes use of their already profitable masternodes, which makes 2 sources of income available.
Pretty damn smart.

[Marckolind]

I think lightning network was already applied few years ago to bitcoin blockchain if I am not bad . But if I send right now some btc to another user it takes more than 10 minutes and the fee is almost $1.

Check this video, and look how fast and easy it is to trade via the Lightning Network. No technical skills required by using Stakenet's DEX. Just download, deposit, trade.. Easy as that!
https://www.youtube.com/watch?v=wSNFhFBKmsc

[luchins]

Guess I need to do some research on Lightning, as this post above is pretty damn interesting.

I've seen a lot of hate on Lightning as of lately, but this seems like a cool implementation idea. Thanks for posting.

Who is hating Lightning Network? when we can save a lot of transaction fees although it has some limitations. But it could really help in a way, specially if we go on another parabolic run choking the network.

So if you wanted to pay someone, you can take advantage of LN, open a channel so that the other party can issue the payment without adding congestion to the network, p2p, off-chain transaction.

Which limitation does LN have?  How  can they be  solved?

[luchins]

So if you wanted to pay someone, you can take advantage of LN, open a channel so that the other party can issue the payment without adding congestion to the network, p2p, off-chain transaction.

How  can XSN help in this  scenario?

[luchins]

From my research, Stakenet makes the Lightning Network decentralized, since the Lightning Nodes will be hosted on decentralized masternodes. So it's apparentely a different thing compared to Lightning directly on top of BTC, which could very well become centralized

but  isn't  the Masternode  a  centralized  way to obtain consensu?

[luchins]

Right now they are working on integrating ETH, and it's tokens to the platform, along with trading bots etc.

Yes. Like I said yesterday, it's too early to conclude that stakenet DEX aggregator will solve the problem with status quo DEX.

and  who  will do it? kyber?

[luchins]

actually this is a problem of the work system. where all use work methods that aim to provide good service to users. but if it reduces the working power of speed, of course this is a new problem

Not sure what you're trying to say here.
The Lightning Network doesn't have much incentive to run on BTC itself due to the low rewards for hosting a node

why low rewards for  hosting  a node?

[ene1980]

Who is hating Lightning Network? when we can save a lot of transaction fees although it has some limitations. But it could really help in a way, specially if we go on another parabolic run choking the network.

So if you wanted to pay someone, you can take advantage of LN, open a channel so that the other party can issue the payment without adding congestion to the network, p2p, off-chain transaction.

As mentioned the only issue with me is the limitations and trusting a random channel expecting that i could trust them. We are seeing the adoption for a while but for a major adoption we need to have a friendly interface and i expect electrum or similar companies to come up with Lightning Network integration that could help anyone to start a channel easily.

Right now the bitcoin transaction are congested and it is taking several hours to get a confirmation. I hope majority of the exchanges starts accepting LN to avoid the delay.

[TravelMug]

Who is hating Lightning Network? when we can save a lot of transaction fees although it has some limitations. But it could really help in a way, specially if we go on another parabolic run choking the network.

So if you wanted to pay someone, you can take advantage of LN, open a channel so that the other party can issue the payment without adding congestion to the network, p2p, off-chain transaction.

As mentioned the only issue with me is the limitations and trusting a random channel expecting that i could trust them. We are seeing the adoption for a while but for a major adoption we need to have a friendly interface and i expect electrum or similar companies to come up with Lightning Network integration that could help anyone to start a channel easily.

Right now the bitcoin transaction are congested and it is taking several hours to get a confirmation. I hope majority of the exchanges starts accepting LN to avoid the delay.

Bitcoin transaction is congested because of the drop of the hashing power due to the block halving. That's why we need to check for the fee estimator like https://jochen-hoenicke.de/queue/#2h. But I'm sure it will normalised though.

Here is a thread as well, Some exchanges accepting Lightning Network.

Electrum developer have confirmed that they are building Electrum supported LN payment that will be included in the next release. https://twitter.com/ElectrumWallet/status/1183706431473815552

[Flux0z]

Who is hating Lightning Network? when we can save a lot of transaction fees although it has some limitations. But it could really help in a way, specially if we go on another parabolic run choking the network.

So if you wanted to pay someone, you can take advantage of LN, open a channel so that the other party can issue the payment without adding congestion to the network, p2p, off-chain transaction.

As mentioned the only issue with me is the limitations and trusting a random channel expecting that i could trust them. We are seeing the adoption for a while but for a major adoption we need to have a friendly interface and i expect electrum or similar companies to come up with Lightning Network integration that could help anyone to start a channel easily.

Right now the bitcoin transaction are congested and it is taking several hours to get a confirmation. I hope majority of the exchanges starts accepting LN to avoid the delay.

Bitcoin transaction is congested because of the drop of the hashing power due to the block halving. That's why we need to check for the fee estimator like https://jochen-hoenicke.de/queue/#2h. But I'm sure it will normalised though.

Here is a thread as well, Some exchanges accepting Lightning Network.

Electrum developer have confirmed that they are building Electrum supported LN payment that will be included in the next release. https://twitter.com/ElectrumWallet/status/1183706431473815552

That's awesome news, wasn't aware of that. Definitely good news whenever I see the Lightning Network intergrated in blockchain projects, wallets etc.

[TravelMug]

Who is hating Lightning Network? when we can save a lot of transaction fees although it has some limitations. But it could really help in a way, specially if we go on another parabolic run choking the network.

So if you wanted to pay someone, you can take advantage of LN, open a channel so that the other party can issue the payment without adding congestion to the network, p2p, off-chain transaction.

As mentioned the only issue with me is the limitations and trusting a random channel expecting that i could trust them. We are seeing the adoption for a while but for a major adoption we need to have a friendly interface and i expect electrum or similar companies to come up with Lightning Network integration that could help anyone to start a channel easily.

Right now the bitcoin transaction are congested and it is taking several hours to get a confirmation. I hope majority of the exchanges starts accepting LN to avoid the delay.

[..snip..]

That's awesome news, wasn't aware of that. Definitely good news whenever I see the Lightning Network intergrated in blockchain projects, wallets etc.

Electrum devs have been working since last year, and this is very much anticipated event specially if they can release and go live this year.

Regarding trust, well we can also say that to exchanges and wallets that we used. Can we trust a fully DEX exchange like Binance or Coinbase? Another good news is that Kraken, one of the biggest exchanges out there, has plans to roll out LN as well.

https://twitter.com/pierre_rochard/status/1265835635862093824

It will be huge for crypto community if this plan push through as well. And I'm sure other crypto exchanges doesn't want to be left behind and this will be the new norm in the future.

[Flux0z]

Who is hating Lightning Network? when we can save a lot of transaction fees although it has some limitations. But it could really help in a way, specially if we go on another parabolic run choking the network.

So if you wanted to pay someone, you can take advantage of LN, open a channel so that the other party can issue the payment without adding congestion to the network, p2p, off-chain transaction.

As mentioned the only issue with me is the limitations and trusting a random channel expecting that i could trust them. We are seeing the adoption for a while but for a major adoption we need to have a friendly interface and i expect electrum or similar companies to come up with Lightning Network integration that could help anyone to start a channel easily.

Right now the bitcoin transaction are congested and it is taking several hours to get a confirmation. I hope majority of the exchanges starts accepting LN to avoid the delay.

[..snip..]

That's awesome news, wasn't aware of that. Definitely good news whenever I see the Lightning Network intergrated in blockchain projects, wallets etc.

Electrum devs have been working since last year, and this is very much anticipated event specially if they can release and go live this year.

Regarding trust, well we can also say that to exchanges and wallets that we used. Can we trust a fully DEX exchange like Binance or Coinbase? Another good news is that Kraken, one of the biggest exchanges out there, has plans to roll out LN as well.

https://twitter.com/pierre_rochard/status/1265835635862093824

It will be huge for crypto community if this plan push through as well. And I'm sure other crypto exchanges doesn't want to be left behind and this will be the new norm in the future.

That's pretty dope man. I know Bitfinex also plans to support LN payments, if they don't already.

The Binance "DEX" is not decentralized, I hope you're aware of that by now, otherwise now you know. Truly decentralized exchanges doesn't need to be "trusted", since they are trustless.

I'm pretty excited for the release of the Stakenet Lightning DEX, I'm sure it will be a huge success. Been beta testing it for awhile, and it looks like it's ready for public release within a week or 2 max..

[TravelMug]

Who is hating Lightning Network? when we can save a lot of transaction fees although it has some limitations. But it could really help in a way, specially if we go on another parabolic run choking the network.

So if you wanted to pay someone, you can take advantage of LN, open a channel so that the other party can issue the payment without adding congestion to the network, p2p, off-chain transaction.

As mentioned the only issue with me is the limitations and trusting a random channel expecting that i could trust them. We are seeing the adoption for a while but for a major adoption we need to have a friendly interface and i expect electrum or similar companies to come up with Lightning Network integration that could help anyone to start a channel easily.

Right now the bitcoin transaction are congested and it is taking several hours to get a confirmation. I hope majority of the exchanges starts accepting LN to avoid the delay.

[..snip..]

That's awesome news, wasn't aware of that. Definitely good news whenever I see the Lightning Network intergrated in blockchain projects, wallets etc.

Electrum devs have been working since last year, and this is very much anticipated event specially if they can release and go live this year.

Regarding trust, well we can also say that to exchanges and wallets that we used. Can we trust a fully DEX exchange like Binance or Coinbase? Another good news is that Kraken, one of the biggest exchanges out there, has plans to roll out LN as well.

https://twitter.com/pierre_rochard/status/1265835635862093824

It will be huge for crypto community if this plan push through as well. And I'm sure other crypto exchanges doesn't want to be left behind and this will be the new norm in the future.

That's pretty dope man. I know Bitfinex also plans to support LN payments, if they don't already.

The Binance "DEX" is not decentralized, I hope you're aware of that by now, otherwise now you know. Truly decentralized exchanges doesn't need to be "trusted", since they are trustless.

I'm pretty excited for the release of the Stakenet Lightning DEX, I'm sure it will be a huge success. Been beta testing it for awhile, and it looks like it's ready for public release within a week or 2 max..

Yeah, it's going to be big if they can roll it out this year, and for sure many DEX will follow on their path and implement LN itself. Binance DEX? I agree they are not that decentralised, they just put it up to attract traders, but a wise and intelligent traders knows what they are doing from behind.

Will keep an eye on the Stakenet Lightning DEX and do hope that it will be a huge success. It is very different concept (LN + MN), for sure everyone is excited about this one.

[LeoBTCGod]

Who is hating Lightning Network? when we can save a lot of transaction fees although it has some limitations. But it could really help in a way, specially if we go on another parabolic run choking the network.

So if you wanted to pay someone, you can take advantage of LN, open a channel so that the other party can issue the payment without adding congestion to the network, p2p, off-chain transaction.

As mentioned the only issue with me is the limitations and trusting a random channel expecting that i could trust them. We are seeing the adoption for a while but for a major adoption we need to have a friendly interface and i expect electrum or similar companies to come up with Lightning Network integration that could help anyone to start a channel easily.

Right now the bitcoin transaction are congested and it is taking several hours to get a confirmation. I hope majority of the exchanges starts accepting LN to avoid the delay.

[..snip..]

That's awesome news, wasn't aware of that. Definitely good news whenever I see the Lightning Network intergrated in blockchain projects, wallets etc.

Electrum devs have been working since last year, and this is very much anticipated event specially if they can release and go live this year.

Regarding trust, well we can also say that to exchanges and wallets that we used. Can we trust a fully DEX exchange like Binance or Coinbase? Another good news is that Kraken, one of the biggest exchanges out there, has plans to roll out LN as well.

https://twitter.com/pierre_rochard/status/1265835635862093824

It will be huge for crypto community if this plan push through as well. And I'm sure other crypto exchanges doesn't want to be left behind and this will be the new norm in the future.

That's pretty dope man. I know Bitfinex also plans to support LN payments, if they don't already.

The Binance "DEX" is not decentralized, I hope you're aware of that by now, otherwise now you know. Truly decentralized exchanges doesn't need to be "trusted", since they are trustless.

I'm pretty excited for the release of the Stakenet Lightning DEX, I'm sure it will be a huge success. Been beta testing it for awhile, and it looks like it's ready for public release within a week or 2 max..

Yeah, it's going to be big if they can roll it out this year, and for sure many DEX will follow on their path and implement LN itself. Binance DEX? I agree they are not that decentralised, they just put it up to attract traders, but a wise and intelligent traders knows what they are doing from behind.

Will keep an eye on the Stakenet Lightning DEX and do hope that it will be a huge success. It is very different concept (LN + MN), for sure everyone is excited about this one.

It's a pretty damn cool project, and I still can't comprehend how everyone is missing out on this one. Literally solves the most important problems we have in the crypto space right now.

[Flux0z]

Who is hating Lightning Network? when we can save a lot of transaction fees although it has some limitations. But it could really help in a way, specially if we go on another parabolic run choking the network.

So if you wanted to pay someone, you can take advantage of LN, open a channel so that the other party can issue the payment without adding congestion to the network, p2p, off-chain transaction.

As mentioned the only issue with me is the limitations and trusting a random channel expecting that i could trust them. We are seeing the adoption for a while but for a major adoption we need to have a friendly interface and i expect electrum or similar companies to come up with Lightning Network integration that could help anyone to start a channel easily.

Right now the bitcoin transaction are congested and it is taking several hours to get a confirmation. I hope majority of the exchanges starts accepting LN to avoid the delay.

[..snip..]

That's awesome news, wasn't aware of that. Definitely good news whenever I see the Lightning Network intergrated in blockchain projects, wallets etc.

Electrum devs have been working since last year, and this is very much anticipated event specially if they can release and go live this year.

Regarding trust, well we can also say that to exchanges and wallets that we used. Can we trust a fully DEX exchange like Binance or Coinbase? Another good news is that Kraken, one of the biggest exchanges out there, has plans to roll out LN as well.

https://twitter.com/pierre_rochard/status/1265835635862093824

It will be huge for crypto community if this plan push through as well. And I'm sure other crypto exchanges doesn't want to be left behind and this will be the new norm in the future.

That's pretty dope man. I know Bitfinex also plans to support LN payments, if they don't already.

The Binance "DEX" is not decentralized, I hope you're aware of that by now, otherwise now you know. Truly decentralized exchanges doesn't need to be "trusted", since they are trustless.

I'm pretty excited for the release of the Stakenet Lightning DEX, I'm sure it will be a huge success. Been beta testing it for awhile, and it looks like it's ready for public release within a week or 2 max..

Yeah, it's going to be big if they can roll it out this year, and for sure many DEX will follow on their path and implement LN itself. Binance DEX? I agree they are not that decentralised, they just put it up to attract traders, but a wise and intelligent traders knows what they are doing from behind.

Will keep an eye on the Stakenet Lightning DEX and do hope that it will be a huge success. It is very different concept (LN + MN), for sure everyone is excited about this one.

It's indeed a very interesting approach they've going on here, and from the tests I've seen on the DEX itself, I can safely say that it's going to be a game changer.

Anyone will be able to trade freely, instantly, and with very low fees, between all their favourite coins and tokens, doesn't get any more convienent than that!

[criket]

It's indeed a very interesting approach they've going on here, and from the tests I've seen on the DEX itself, I can safely say that it's going to be a game changer.

Anyone will be able to trade freely, instantly, and with very low fees, between all their favourite coins and tokens, doesn't get any more convienent than that!

each exchange has a different advantage. some have a large list of assets. of course, that means there is support from many communities. There are also few assets but with low transaction costs. but DEX always provides the best for daily traders who want to buy and sell quickly and in high volume.

[Flux0z]

It's indeed a very interesting approach they've going on here, and from the tests I've seen on the DEX itself, I can safely say that it's going to be a game changer.

Anyone will be able to trade freely, instantly, and with very low fees, between all their favourite coins and tokens, doesn't get any more convienent than that!

each exchange has a different advantage. some have a large list of assets. of course, that means there is support from many communities. There are also few assets but with low transaction costs. but DEX always provides the best for daily traders who want to buy and sell quickly and in high volume.

You'll be able to buy from centralized exchanges via the Stakenet DEX. It runs through an API, so you can arbitrage back and forth, instantly over the Lightning Network. It's gonna be a real game changer, no doubt.

[Taufik blackspade team]

It's indeed a very interesting approach they've going on here, and from the tests I've seen on the DEX itself, I can safely say that it's going to be a game changer.

Anyone will be able to trade freely, instantly, and with very low fees, between all their favourite coins and tokens, doesn't get any more convienent than that!

each exchange has a different advantage. some have a large list of assets. of course, that means there is support from many communities. There are also few assets but with low transaction costs. but DEX always provides the best for daily traders who want to buy and sell quickly and in high volume.

You'll be able to buy from centralized exchanges via the Stakenet DEX. It runs through an API, so you can arbitrage back and forth, instantly over the Lightning Network. It's gonna be a real game changer, no doubt.

it looks like in the future this kind of trading will indeed be very in demand. all traders are looking for profit, and now we can see ways to make a profit more easily.

[LeoBTCGod]

It's indeed a very interesting approach they've going on here, and from the tests I've seen on the DEX itself, I can safely say that it's going to be a game changer.

Anyone will be able to trade freely, instantly, and with very low fees, between all their favourite coins and tokens, doesn't get any more convienent than that!

each exchange has a different advantage. some have a large list of assets. of course, that means there is support from many communities. There are also few assets but with low transaction costs. but DEX always provides the best for daily traders who want to buy and sell quickly and in high volume.

You'll be able to buy from centralized exchanges via the Stakenet DEX. It runs through an API, so you can arbitrage back and forth, instantly over the Lightning Network. It's gonna be a real game changer, no doubt.

it looks like in the future this kind of trading will indeed be very in demand. all traders are looking for profit, and now we can see ways to make a profit more easily.

True. Speed of trading is essential if we want to get the masses to trade on DEX's ultimately. Traditional atomic swaps on some chains are simply way too slow

[BTCXRPADA]

It's indeed a very interesting approach they've going on here, and from the tests I've seen on the DEX itself, I can safely say that it's going to be a game changer.

Anyone will be able to trade freely, instantly, and with very low fees, between all their favourite coins and tokens, doesn't get any more convienent than that!

each exchange has a different advantage. some have a large list of assets. of course, that means there is support from many communities. There are also few assets but with low transaction costs. but DEX always provides the best for daily traders who want to buy and sell quickly and in high volume.

You'll be able to buy from centralized exchanges via the Stakenet DEX. It runs through an API, so you can arbitrage back and forth, instantly over the Lightning Network. It's gonna be a real game changer, no doubt.

it looks like in the future this kind of trading will indeed be very in demand. all traders are looking for profit, and now we can see ways to make a profit more easily.

Trading instantly between "heavy" chains such as BTC and LTC is pretty important, and most likely why we haven't seen any REAL usage of DEX's as of lately. CEX's are just way faster to transact on, which is why people just use them instead.
The Lightning Network isn't easy to deal with as well as a standalone thing on top of BTC, so what these guys are working on, is pretty important for ALL DEX's in general.

[Flux0z]

It's indeed a very interesting approach they've going on here, and from the tests I've seen on the DEX itself, I can safely say that it's going to be a game changer.

Anyone will be able to trade freely, instantly, and with very low fees, between all their favourite coins and tokens, doesn't get any more convienent than that!

each exchange has a different advantage. some have a large list of assets. of course, that means there is support from many communities. There are also few assets but with low transaction costs. but DEX always provides the best for daily traders who want to buy and sell quickly and in high volume.

You'll be able to buy from centralized exchanges via the Stakenet DEX. It runs through an API, so you can arbitrage back and forth, instantly over the Lightning Network. It's gonna be a real game changer, no doubt.

it looks like in the future this kind of trading will indeed be very in demand. all traders are looking for profit, and now we can see ways to make a profit more easily.

Trading instantly between "heavy" chains such as BTC and LTC is pretty important, and most likely why we haven't seen any REAL usage of DEX's as of lately. CEX's are just way faster to transact on, which is why people just use them instead.
The Lightning Network isn't easy to deal with as well as a standalone thing on top of BTC, so what these guys are working on, is pretty important for ALL DEX's in general.

True. Stakenet's DEX Aggregator is what will change everything, and make DEX's as easy to use as ANY CEX out there.

[Wh00re]

It's indeed a very interesting approach they've going on here, and from the tests I've seen on the DEX itself, I can safely say that it's going to be a game changer.

Anyone will be able to trade freely, instantly, and with very low fees, between all their favourite coins and tokens, doesn't get any more convienent than that!

each exchange has a different advantage. some have a large list of assets. of course, that means there is support from many communities. There are also few assets but with low transaction costs. but DEX always provides the best for daily traders who want to buy and sell quickly and in high volume.

You'll be able to buy from centralized exchanges via the Stakenet DEX. It runs through an API, so you can arbitrage back and forth, instantly over the Lightning Network. It's gonna be a real game changer, no doubt.

it looks like in the future this kind of trading will indeed be very in demand. all traders are looking for profit, and now we can see ways to make a profit more easily.

Definitely. Trading needs to be  a EASILY accessible for everyone, which is what Binance did back when they launched. Their exchange got popular because it was easy to navigate a part from alle the marketing efforts.

When you look at how smooth the DEX works, there's no doubt that it will be a massive game changer for people looking to trade on DEX's either manually or with trading bots.

[disconnectme]

The lack of adoption of Lightning network is as a result to poor marketing, this is what Ethereum does better than any project in the space, I think the team think they only need to build the network and users would rush using it when there are many competing solutions in the space.

[GucciBoy]

The lack of adoption of Lightning network is as a result to poor marketing, this is what Ethereum does better than any project in the space, I think the team think they only need to build the network and users would rush using it when there are many competing solutions in the space.

Adoption is lacking because there's no way to use the Lightning Network in an "easy" way. In other words any newbie in crypto wont be able to make use of it. Stakenet changes this, and makes the whole network extremely user friendly to use, which will undoubtfully make big waves in the crypto communities.

[Wh00re]

The lack of adoption of Lightning network is as a result to poor marketing, this is what Ethereum does better than any project in the space, I think the team think they only need to build the network and users would rush using it when there are many competing solutions in the space.

There has been very little marketing thus far, but mind you I believe it will pick up, once the tech is easily accessible for the "average Joe"

[2020Crypto]

The lack of adoption of Lightning network is as a result to poor marketing, this is what Ethereum does better than any project in the space, I think the team think they only need to build the network and users would rush using it when there are many competing solutions in the space.

The Lightning Network is not used by any people because it's not easily accessible, and useable for newbies. Stakenet is building the infrastructure to bring Lightning Network to the masses.
You'll see 

[blue Snow]

The lack of adoption of Lightning network is as a result to poor marketing, this is what Ethereum does better than any project in the space, I think the team think they only need to build the network and users would rush using it when there are many competing solutions in the space.

It's real Bitcoin does, no marketing, and no endorse. this point made the public has the result to directly pure confidence.

Adoption is lacking because there's no way to use the Lightning Network in an "easy" way.

you must know custodial and how easy to use

There has been very little marketing thus far,

unfortunately, I never seen any marketing for that. are you?, explain me what marketing do you mean?, bounty? airdrop?

The Lightning Network is not used by any people because it's not easily accessible, and useable for newbies.

you must try it, same as you first time using myetherwallet,metamask,coinomi and other.

[2020Crypto]

The lack of adoption of Lightning network is as a result to poor marketing, this is what Ethereum does better than any project in the space, I think the team think they only need to build the network and users would rush using it when there are many competing solutions in the space.

It's real Bitcoin does, no marketing, and no endorse. this point made the public has the result to directly pure confidence.

Adoption is lacking because there's no way to use the Lightning Network in an "easy" way.

you must know custodial and how easy to use

There has been very little marketing thus far,

unfortunately, I never seen any marketing for that. are you?, explain me what marketing do you mean?, bounty? airdrop?

The Lightning Network is not used by any people because it's not easily accessible, and useable for newbies.

you must try it, same as you first time using myetherwallet,metamask,coinomi and other.

I for sure will try this out once it goes public. Been following the progress on the sideline, and it looks VERY promising!

[leea-1334]

The lack of adoption of Lightning network is as a result to poor marketing, this is what Ethereum does better than any project in the space, I think the team think they only need to build the network and users would rush using it when there are many competing solutions in the space.

The Lightning Network is not used by any people because it's not easily accessible, and useable for newbies. Stakenet is building the infrastructure to bring Lightning Network to the masses.
You'll see 

Poor marketing for Lightning Network? Trust me,,, there is no need to market that just as there was no need to market Segwit. Users choose with the wallet and once Lightning wallets are easier and adopted by wallet providers, they will be the ones doing the "marketing". A lot of Stakenet talk I did not know it uses Lightning?

[blue Snow]

I for sure will try this out once it goes public. Been following the progress on the sideline, and it looks VERY promising!

It's not like you mean. The Lightning Network isn't ICO or something like a marketing product. this is the technology behind Bitcoin where people call it side chain. LN already on public, people use it for fast light payment, you can google it for more info or read this https://bitcointalk.org/index.php?topic=5158920.0

[BTCXRPADA]

The lack of adoption of Lightning network is as a result to poor marketing, this is what Ethereum does better than any project in the space, I think the team think they only need to build the network and users would rush using it when there are many competing solutions in the space.

The Lightning Network is not used by any people because it's not easily accessible, and useable for newbies. Stakenet is building the infrastructure to bring Lightning Network to the masses.
You'll see 

Poor marketing for Lightning Network? Trust me,,, there is no need to market that just as there was no need to market Segwit. Users choose with the wallet and once Lightning wallets are easier and adopted by wallet providers, they will be the ones doing the "marketing". A lot of Stakenet talk I did not know it uses Lightning?

Read this: https://www.reddit.com/r/CryptoCurrency/comments/heiw9j/lightning_dex_now_plugged_into_binance_to_ensure/
witho
What Stakenet is doing here is fucking amazing. Basically makes you trade from your OWN wallet, using all centralized exchanges without KYC.

[nightflightcourt]

XSN/BTC swapped over Lightning on Stakenet DEX and sent immediately to cold storage  

[Reatim]

XSN/BTC swapped over Lightning on Stakenet DEX and sent immediately to cold storage  

Nice Move mate,at least you have assured your funds in the most safest way of storing our Funds and that is Cold Storage.

This is a proof how Lightning Network is user friendly and with faster and cheaper.

The lack of adoption of Lightning network is as a result to poor marketing, this is what Ethereum does better than any project in the space, I think the team think they only need to build the network and users would rush using it when there are many competing solutions in the space.

The Lightning Network is not used by any people because it's not easily accessible, and useable for newbies. Stakenet is building the infrastructure to bring Lightning Network to the masses.
You'll see 

Poor marketing for Lightning Network? Trust me,,, there is no need to market that just as there was no need to market Segwit. Users choose with the wallet and once Lightning wallets are easier and adopted by wallet providers, they will be the ones doing the "marketing". A lot of Stakenet talk I did not know it uses Lightning?

Read this: https://www.reddit.com/r/CryptoCurrency/comments/heiw9j/lightning_dex_now_plugged_into_binance_to_ensure/
witho
What Stakenet is doing here is fucking amazing. Basically makes you trade from your OWN wallet, using all centralized exchanges without KYC.

My question is does Stakenet allows us with huge amount without KYC?or there is a specific limit before KYC is implemented?
Because i don't think that it is allowable to do such action.

[nightflightcourt]

XSN/BTC swapped over Lightning on Stakenet DEX and sent immediately to cold storage  

Nice Move mate,at least you have assured your funds in the most safest way of storing our Funds and that is Cold Storage.

This is a proof how Lightning Network is user friendly and with faster and cheaper.

The lack of adoption of Lightning network is as a result to poor marketing, this is what Ethereum does better than any project in the space, I think the team think they only need to build the network and users would rush using it when there are many competing solutions in the space.

The Lightning Network is not used by any people because it's not easily accessible, and useable for newbies. Stakenet is building the infrastructure to bring Lightning Network to the masses.
You'll see 

Poor marketing for Lightning Network? Trust me,,, there is no need to market that just as there was no need to market Segwit. Users choose with the wallet and once Lightning wallets are easier and adopted by wallet providers, they will be the ones doing the "marketing". A lot of Stakenet talk I did not know it uses Lightning?

Read this: https://www.reddit.com/r/CryptoCurrency/comments/heiw9j/lightning_dex_now_plugged_into_binance_to_ensure/
witho
What Stakenet is doing here is fucking amazing. Basically makes you trade from your OWN wallet, using all centralized exchanges without KYC.

My question is does Stakenet allows us with huge amount without KYC?or there is a specific limit before KYC is implemented?
Because i don't think that it is allowable to do such action.

No KYC

[BTCXRPADA]

XSN/BTC swapped over Lightning on Stakenet DEX and sent immediately to cold storage  
https://i.imgur.com/eQ5A7x8.jpg

Niiice!

This one could easily reach double digits from my research. Cool to see Beaxy support as well!

[nightflightcourt]

XSN/BTC swapped over Lightning on Stakenet DEX and sent immediately to cold storage  

Niiice!

This one could easily reach double digits from my research. Cool to see Beaxy support as well!

Beaxy has a healthy market for what it is. I wish them well, but prefer no KYC

[Marckolind]

XSN/BTC swapped over Lightning on Stakenet DEX and sent immediately to cold storage  

Niiice!

This one could easily reach double digits from my research. Cool to see Beaxy support as well!

Beaxy has a healthy market for what it is. I wish them well, but prefer no KYC

Same.

NO KYC trustless instant trading is what we need. Stakenet's Lightning ⚡ DEX seems to be a good contender for what the whole market needs right now

[LeoBTCGod]

Here is a great write up of Stakenet, and why it's such an undervalued project right now: https://www.reddit.com/r/CryptoMoonShots/comments/ij3d7i/stakenet_xsn_a_dex_with_interchain_capabilities/

[BTCXRPADA]

It's indeed a very interesting approach they've going on here, and from the tests I've seen on the DEX itself, I can safely say that it's going to be a game changer.

Anyone will be able to trade freely, instantly, and with very low fees, between all their favourite coins and tokens, doesn't get any more convienent than that!

each exchange has a different advantage. some have a large list of assets. of course, that means there is support from many communities. There are also few assets but with low transaction costs. but DEX always provides the best for daily traders who want to buy and sell quickly and in high volume.

Stakenet's DEX can access any CEX's, so it's by far the most powerful one out there, just need more coins to be supported, and I'm sure people will start talking. Ethereum being the most important one

[Flux0z]

The lack of adoption of Lightning network is as a result to poor marketing, this is what Ethereum does better than any project in the space, I think the team think they only need to build the network and users would rush using it when there are many competing solutions in the space.

The Lightning Network is not used by any people because it's not easily accessible, and useable for newbies. Stakenet is building the infrastructure to bring Lightning Network to the masses.
You'll see 

Poor marketing for Lightning Network? Trust me,,, there is no need to market that just as there was no need to market Segwit. Users choose with the wallet and once Lightning wallets are easier and adopted by wallet providers, they will be the ones doing the "marketing". A lot of Stakenet talk I did not know it uses Lightning?

Users of the Stakenet Multi Currency Wallet will soon be using the wallet, and it's DEX without even knowing they are trading through the Lightning Network. From what I understand the devs is trying to make this as "normie friendly" as possible, which means channel renting, opening Lightning hubs etc is all done in the background.

[BTCXRPADA]

I guess it could work if enough people join to it and agree to it, that is how blockchain stuff happens, you have to have people all join in and agree with something before it can be reality, if people do not like the idea they just not care about it.

Look at nano, it was created as so fast that when you send from one google chrome tab to another, the money will go faster than you can switch the tab, we are talking about less than a second transactions, people looked like they cared but now it is less than fifty cents so obviously people do not care about cheap or free and very fast transactions as much as they care about money itself. As long as proof of work stays and people want to make money from it, they will try to keep it that way as long as possible

Crypto today is more than "just" being money. Ethereum is a good example of that. It's a smart contract platform, but functions as money as well.

NANO was hyped up due to the incredible fast transactions, but it's not really something "new", XRP is pretty much the same thing - In terms of transaction speeds, that is.

Stakenet has it all, and will likely touch top 100 CMC soon because of it. Doesn't take a genius to see the overall potential in this project. 

[Marckolind]

I guess it could work if enough people join to it and agree to it, that is how blockchain stuff happens, you have to have people all join in and agree with something before it can be reality, if people do not like the idea they just not care about it.

Look at nano, it was created as so fast that when you send from one google chrome tab to another, the money will go faster than you can switch the tab, we are talking about less than a second transactions, people looked like they cared but now it is less than fifty cents so obviously people do not care about cheap or free and very fast transactions as much as they care about money itself. As long as proof of work stays and people want to make money from it, they will try to keep it that way as long as possible

Crypto today is more than "just" being money. Ethereum is a good example of that. It's a smart contract platform, but functions as money as well.

NANO was hyped up due to the incredible fast transactions, but it's not really something "new", XRP is pretty much the same thing - In terms of transaction speeds, that is.

Stakenet has it all, and will likely touch top 100 CMC soon because of it. Doesn't take a genius to see the overall potential in this project. 

A lot of projects these days relies on huge ICO fundings, and not as much on the underlying tech.
Utility projects will always perform well, if demand for them stays constant.

[GucciBoy]

The lack of adoption of Lightning network is as a result to poor marketing, this is what Ethereum does better than any project in the space, I think the team think they only need to build the network and users would rush using it when there are many competing solutions in the space.

The Lightning Network is not used by any people because it's not easily accessible, and useable for newbies. Stakenet is building the infrastructure to bring Lightning Network to the masses.
You'll see  

Poor marketing for Lightning Network? Trust me,,, there is no need to market that just as there was no need to market Segwit. Users choose with the wallet and once Lightning wallets are easier and adopted by wallet providers, they will be the ones doing the "marketing". A lot of Stakenet talk I did not know it uses Lightning?

Users of the Stakenet Multi Currency Wallet will soon be using the wallet, and it's DEX without even knowing they are trading through the Lightning Network. From what I understand the devs is trying to make this as "normie friendly" as possible, which means channel renting, opening Lightning hubs etc is all done in the background.

This is quite cool, and exactly the kind of thing that will make people use it.
This is a pic from the latest dev announcement:




When swapping using this inbuilt tool, you'll actually be using the Lightning Network, without even knowing it, it's awesome!  

[nightflightcourt]

This is quite cool, and exactly the kind of thing that will make people use it.
This is a pic from the latest dev announcement:

pic

When swapping using this inbuilt tool, you'll actually be using the Lightning Network, without even knowing it, it's awesome!  

This is unbeatable. All it needs for wider adoption is Raiden and thats just about done.

[BTCXRPADA]

This is quite cool, and exactly the kind of thing that will make people use it.
This is a pic from the latest dev announcement:

pic

When swapping using this inbuilt tool, you'll actually be using the Lightning Network, without even knowing it, it's awesome!  

This is unbeatable. All it needs for wider adoption is Raiden and thats just about done.

I know it's getting tested on Linux right now, wonder when they open for windows builds?
Once this is released I'm sure we'll see a ton of volume coming in for convenience sake alone

[Marckolind]

This is quite cool, and exactly the kind of thing that will make people use it.
This is a pic from the latest dev announcement:

pic

When swapping using this inbuilt tool, you'll actually be using the Lightning Network, without even knowing it, it's awesome!  

This is unbeatable. All it needs for wider adoption is Raiden and thats just about done.

Do you know what the time frame is on that? Ethereum integration would be huge I imagine. Tons of projects depends on the ETH chain, so a LOT of volume could go this way whenever they get to it. Instant ETH trading sounds like a dream come true, pretty sick of the long transaction times, haha.

[nightflightcourt]

Do you know what the time frame is on that? Ethereum integration would be huge I imagine. Tons of projects depends on the ETH chain, so a LOT of volume could go this way whenever they get to it. Instant ETH trading sounds like a dream come true, pretty sick of the long transaction times, haha.

0.4.0.4 - New trading interface
0.4.0.5/6 - Raiden private key integration
2-3 builds away, and X9 is known for routinely putting out multiple builds in a week or even same day. Can't see it being very long. 

[GucciBoy]

Do you know what the time frame is on that? Ethereum integration would be huge I imagine. Tons of projects depends on the ETH chain, so a LOT of volume could go this way whenever they get to it. Instant ETH trading sounds like a dream come true, pretty sick of the long transaction times, haha.

0.4.0.4 - New trading interface
0.4.0.5/6 - Raiden private key integration
2-3 builds away, and X9 is known for routinely putting out multiple builds in a week or even same day. Can't see it being very long. 

Agreed. They released watch towers out of the blue, something the community expected would take MONTHS to integrate. I don't know how they do it this fast, but I love it! 

[nightflightcourt]

Do you know what the time frame is on that? Ethereum integration would be huge I imagine. Tons of projects depends on the ETH chain, so a LOT of volume could go this way whenever they get to it. Instant ETH trading sounds like a dream come true, pretty sick of the long transaction times, haha.

0.4.0.4 - New trading interface
0.4.0.5/6 - Raiden private key integration
2-3 builds away, and X9 is known for routinely putting out multiple builds in a week or even same day. Can't see it being very long. 

Agreed. They released watch towers out of the blue, something the community expected would take MONTHS to integrate. I don't know how they do it this fast, but I love it! 

Yeah. It's all been progressing so fast that I almost forgot about that.  Watchtowers were one of those things I was expecting mid-2021 or later.
It's good they were ahead on that one too. Proper watchtowers are instrumental in building the usability of a DEX. Being able to keep the wallet closed while buy orders are in is a nice luxury.

[Marckolind]

Do you know what the time frame is on that? Ethereum integration would be huge I imagine. Tons of projects depends on the ETH chain, so a LOT of volume could go this way whenever they get to it. Instant ETH trading sounds like a dream come true, pretty sick of the long transaction times, haha.

0.4.0.4 - New trading interface
0.4.0.5/6 - Raiden private key integration
2-3 builds away, and X9 is known for routinely putting out multiple builds in a week or even same day. Can't see it being very long. 

Agreed. They released watch towers out of the blue, something the community expected would take MONTHS to integrate. I don't know how they do it this fast, but I love it! 

Yeah. It's all been progressing so fast that I almost forgot about that.  Watchtowers were one of those things I was expecting mid-2021 or later.
It's good they were ahead on that one too. Proper watchtowers are instrumental in building the usability of a DEX. Being able to keep the wallet closed while buy orders are in is a nice luxury.

True, awaiting the next dev build patiently at this point, the "simple" Lightning Swap feauture reminds me of how I used the Exodus Wallet back in the days, before KYC was implemented.

[nightflightcourt]

True, awaiting the next dev build patiently at this point, the "simple" Lightning Swap feauture reminds me of how I used the Exodus Wallet back in the days, before KYC was implemented.

Same. Looks like Raiden has been making good waves with Alderaan too. It's cool to watch all this happen as it happens. 

[Xpal-channel]

lighting network is good idea,. but it is not so good for real life i think..