Instant BTC + ETH transactions with next to 0 fees. Sounds good, right?

[Marckolind]

Stakenet is working with 2 second layer protocols - The Lightning Network, and The Raiden Network. Both of these protocols makes BTC and ETH transactions instantaneous in a  truly decentralized setup using masternodes as payment routers.

Here's what they've achievved thus far:

1) They helped the Litecoin team with Lightning Network integration on the LTC chain, and thus formed a partnership.
Source: http://litecoin-foundation.org/lightning-network-collaboration-with-x-9-developers/

2) Stakenet is the industry leader in terms of Lightning Network developments, building and improving the technology in a way that benefits everyone - Investors as well as consumers. Their new Lightning DEX, which is an integrated part of a multi currency wallet they've been working on for the past year is bound to be a huge success for the following reasons:

Speed
Ease Of Use
Option To Hold And Trade Multiple Coins
Trade Through Binance, Bittrex, Kraken and many other exchanges WITHOUT ever logging in to any of these exchanges.
- This is done through liquidity providers who runs trading API's anyone can tap into and use for their own, as well as the liquidity providers benefit.

The whole eco-system is ran by masternodes, who will do the dirty work (routing transactions back and forth over the Lightning Network + The Raiden Network), this means that Lightning + Raiden node operators already have an incentive to keep them running, since the masternodes is profitable to run from the get-go already.

Ethereum is getting integrated, as well as a lot of it's popular tokens. This will be Uniswap on steriods, any traders wet dream.

This is just a small, yet important part of Stakenet, do your own research if you want to know what else they're working on.

Stakenet actually invented cold staking (back in 2017), which means that you can stake XSN through their "Trustless Proof Of Stake" protocol.

Please do yourself a favor, and watch this small presentation video which demonstrates how the DEX actually works:

https://www.youtube.com/watch?v=wSNFhFBKmsc

This will be a HUGE player on the market from my perspective, what about you guys?

[2021bull]

Sounds pretty promising. How can I try this, how far are they development wise?

If they can get ready with this before the next altcoin run happens, I'm sure they'll get a ton of DEX users on board.

[Sparrow96]

Sounds pretty promising. How can I try this, how far are they development wise?

If they can get ready with this before the next altcoin run happens, I'm sure they'll get a ton of DEX users on board.

I was able to find details about them. They have a website, blog also an announcement in Bitcointalk. You can read their announcement here.

You can download their wallet from their Github repository. Visit https://github.com/X9Developers/XSN/releases/ Though I haven't tried yet. If you use let us know about your experience.

[bitgolden]

What people are missing out when they talk about this is the fact that this needs to be used by both the sender and the receiver and that is why it is not really that common. Finally these type of things will get more and more common and there will be a period when BTC and ETH themselves will find a way to make it cheaper because let's face it the price of transaction fees are killing them right now and they can't continue this way, however only way for these methods to get more common is to get people to use it.

The only way to make people use it would be to get exchanges and other mostly used places to start giving this option, when binance offers LN withdrawal for 5 cents versus 5 dollars regular segwit, people will start to use that. Stakenet needs to cooperate with places people use and not directly with people.

[Zeehaxan]

Definitely stakenet has proven their worth and now maintaining their reputation and i think they are the top project working for layer 2 scalability solutions and that is why the future of btc and eth is bright because of these exceptional solutions.

[Galley]

It sounds, of course, not bad, only to what extent it will be workable and accepted by users because any good initiative can be ruined, it would seem, over a trifle. Although almost zero commission is a good plus.

[yurez]

I like the Stakenet project and the technologies they are developing, I hope my expectations will not be in vain.  It will become a major player in the cryptocurrency market, but there is no exact date yet when the full launch of StakenetDEX is planned.

[vladn00ne]

It's time for ALTCOINS to showcase its true worth. Digital currencies were supposed to hold value independently of traditional markets and people would be attracted to them when the market dipped like gold. And it's happening sooner or later definitely. By that time, people will realize the value that they could have gained if they enter into the space.

I'm against to people who believe in the Get-Rich-Quick mindset but last December 31st after WhiteBit and Felixo listing announcement on Stakenet, XSN price increase, and new people started to trade in XSN. It's XSN/USDT pair on WhiteBit. More Listing news in January is about to happen in Stakenet.

[MishaSER]

I will be very happy if there is such an opportunity, but when the market is bullish, the commissions are huge everywhere. On Uniswap, my commission reached $ 40. If there are guys who can decide this, they will be number one.