/biz/ - Business & Finance

The question is what’s the point of a native token on a chain that facilitates Lightning Swaps?
There have been two main criticisms of Lightning Network thus far:

1. Decentralization
2. Liquidity

By using the XSN native blockchain to host a one-click Lightning Swap solution, it gives the advantage of utilizing its second layer Masternode collateral to solve both of these issues.
Masternode collateral can only be achieved by using a native blockchain, since the rules need to be baked into the first layer to have secure Masternode’s in the first place, so you cannot use DApps or off-chain tokens to have the same effect or solve the problems that require a dedicated Masternode network.

With our native blockchain you will be able to take this collateral and allow Masternode owners to make that collateral work for them by generating fees from routing Lightning payments, becoming Watchtowers, holding other chains, providing Light Wallet TX broadcasting services and liquidity for the Lightning Network as a whole.
Furthermore, all major infrastructures will be built using Masternodes to provide a decentralized service without hurting normal users on the base protocol.

XSN users and owners will be rewarded accordingly via demands for XSN to set up these Masternodes or using it as a medium of exchange, because it will be one of the most liquid Lightning Networks necessary for high volume trading and general payments.

This is one of the major selling points along with other exciting capabilities our second layer will allow in the future. As new technologies regarding smart contracts, DApps, and scaling come into the scene we will also be able to uniquely solve problems that these technologies might face using the same approach we are taking with Lightning for example.

>>21963829
nice. didnt think this was coming til next year

>>21767147
Stakenet DEX.
Fully decentralized, non-KYC, and integrated lightning and raiden networks so swaps are instantaneous.
>what about liquidity?
They built an aggregator that sucks away liquidity from shitty cex’s to handle this.

>>21743131

>>17988579
>>17989175
Based. I hope /biz/ understands the massive potential of a permanently-running, infrastructurally-sound exchange that's fast and can be paired with any coin or token that never requires any KYC or registration.
It's but one of many strengths of XSN's code-agnostic dApp platform.

>>16069313
Hi, anon. Stakenet is my favorite altcoin. Pic related. This post should sufficiently explain why it's worthwhile and has a bunch of potential in the near-future. If you have any questions, let me know and I'll do my best to answer them.
>Instant one-click private swaps between BTC, LTC, and now Tether via LN swaps. Goods payable with BTC can be bought with LTC, Tether, or XSN.
>Re-establishes privacy that LN routers potentially compromise while re-establishing privacy for otherwise-traceable BTC funds
>Truly decentralized DEX - run by MNs, secured by the network - that hosts every blockchain for every coin available for trade so the end-user doesn't need to download them individually
>Pioneered TPoS (trustless proof of stake) - stake 24/7 while your computer is off or even from cold storage
>Working to make TPoS a one-click option
>Trustless MN hosting services payable directly in XSN. Run several MNs while your computer is off and receive a 16% annual ROI in XSN
>DEX Aggregator that intends to pool together numerous other DEXes that suffer from low volume
>CCPoS - stake XSN, receive BTC, LTC, Tether
>Dedicated hardware division.
>Intending to pool MN hardware into a collective supercomputer secured by the network. The DEX is the first dApp.
>No KYC to use the DEX, perform LN swaps, or use any of the other features mentioned above.
https://www.x9developers.com/
The X9 Developers are working to obsolete centralized exchanges. They've routinely delivered on all their ambitious goals to do so.
They're doing it in a way that honors the original cypherpunks that built Bitcoin.
Stakenet is being built for the collective benefit of the entire space.