/biz/ - Business & Finance

Stakenet (XSN) aiding the development of the lightning network with their upcoming multi currency light wallet and Masternode network which will server as the backbone of their Lightning DEX

Few key points:

Stakenet is the third coin (Right after BTC/LTC) to implement lightning swaps on mainnet.
They also partnered up with the Litecoin Foundation to help with lightning tech.
https://litecoin-foundation.org/lightning-network-collaboration-with-x-9-developers/

>They are working on their OWN Hardware Wallet- VIPER (Competing with Ledger, Trezor, and Xeeda) Which is the first crypto project EVER to work on that.
Stakenet is soon launching a multi currency wallet with inbuilt lightning and atomic swaps (HUGE)
Stakenet will also soon launch the first masternode powered DEX. Which requires NO registration, NO KYC, no bullshit at all.
Stakenet recently partnered up with it's first Venture Capital who's ready to invest heavily in the coin. https://twitter.com/XSNofficial/status/1091437624307474434

>Total Marketcap of ONLY $7 million.

They invented and was the first crypto currency to introduce COLD staking, where you can stake your coins while in cold storage. (This is called TPOS - Trustless Proof Of Stake)

They've got a cloud staking service supporting XSN, PIVX and Stratis.
QTUM, and Decred is soon to be added.

They'll be ready with Cross Chain Proof Of Stake as well - Which means you will be able to STAKE XSN, but get your rewards in BTC if you want to.

What is XSN?

XSN is a state of the art cryptocurrency that allows a peer-to-peer method of payment. It's money with unique properties not achievable by any central bank issued currency: decentralized, permissionless, trustless, censorship-resistant, immutable, smart (programmable), interoperable, fungible and secure (cannot be counterfeited). It's a medium of exchange used for real-world transactions on a global scale - including the transactional activities happening within the Stakenet financial ecosystem. These characteristics by themselves make XSN valuable, although there is much more to it.

Thanks to XSN Cross-Chain capabilities you will be able to pay anyone that accepts BTC (or any other Lightning Network compatible coin) seamlessly, improving adoption on a massive scale as thousands of merchants already accept LN Bitcoin payments. XSN is the first PoS Masternode coin to ever be Lightning Network compatible, and is among the first three, next to Bitcoin and Litecoin, to ever perform Lightning Swaps. We are adhered to the existing Bitcoin-Lightning (BTC/LN) standard. We don't have to hope that our solution becomes the trend like most cryptocurrencies do, we are always the trend alongside Bitcoin and Lightning.

Hope you're accumulating