/biz/ - Business & Finance

On Dec 22, 2017, the average BTC transaction was $55. See https://bitinfocharts.com/comparison/bitcoin-transactionfees.html

ETH was about $5 per transaction at its peak.

Why did this happen? Transactions were all being done on chain and it got congested.

Uniswap currently has more than 200 mio daily volume, but transactions are on-chain so ETH gas fees are through the roof.

Stakenet is solving this by implementing the Raiden Network, AND the Lightning Network to perform instant off-chain transactions which are way cheaper.

All the fees that are collected from people trading is used to pay masternode owners, AND to buy up XSN and burn it from the total supply.

In other words, XSN will be deflationary, just like Bitcoin. Once people realize how EASY it is to use their DEX, volume is going to go through the roof.

It's currently in BETA, but has more volume than Blocknet's DEX, which has been on the market for 2 years.

Shill me a project that actually has potential to moon hard.

Sitting on LINK and XSN right now. These will do well, my biggest gainers anyway.

What else?

Accumulate this one while it's cheap.

>Cold Exchanging and Staking from Trezor and Ledger Hardware Wallets

>3rd Project next to BTC and LTC to implement the Lightning Network.

>First Multi Currency Wallet with an inbuilt Lightning DEX, which will support ETH and it's tokens as well, through the Raiden Network.

>The above just being ONE dApp running on a layer of masternodes, which in a setup like this act as "service nodes" making them extremely profitable long term.

>Literally solving the BIGGEST issue in the crypto space right now:
Fees on transactions + speed.

On-chain transactions will be a thing of the past. It's way too slow, and way too expensive, exactly how the internet functioned in the beginning.

This is most likely one of the most undervalued projects out there. Sitting on a 50 mio marketcap, but could very well sit in the billions.

Go ahead, do your own research on this one.

Yesss yesss buy buy buy while i sit on my $3.60 per share mountain i have amassed months ago