/biz/ - Business & Finance

WE LOVE YOU LABZ

XSN fudders come out come out and plaaaaaaaay? did you run out of energy you pussy?

OOOOOO

>>25208576
how high are you

my secret smart money hold is XSN

>>23657117
>How old is that pic?
No idea, perhaps it's an older pic. Here's the new one I believe.

>>22905045
2018 LN swaps that took 30 mins
https://www.youtube.com/watch?v=vOjuSurGkLQ
2019 LN swaps (still involved to get setup but much less so)
https://www.youtube.com/watch?v=yLq7xIjf_hc
Summer 2020 1 coin deposit LN swaps
https://www.youtube.com/watch?v=D6Y4Txm5NhY
Normie UX and Raiden coming shortly.

Prove me wrong: Stakenet has quietly had a major impact on the industry and it will spearhead some of the biggest gains in all of decentralized finance as the vast chasm narrows between the concepts its been inventing and building upon for years and the general understanding of these concepts grows and moves closer to the center and away from the fringes.
XSN threads were quietly on /biz/ all through the depths of the 2018-19 bear market. They were usually one-off generals.
Through 2020 and especially since June as the DEX progressed from private to open beta, there has been a notable uptick in XSN threads.
It's no coincidence that within a few weeks of Stakenet making some waves like
>aggregating orders from Binance, Livecoin, and Bitfinex's orderbooks
>getting one coin deposit working
>exhibiting time and time again - pretty much everyday - why Layer 1 is not a good idea for on-chain tx
It was only after this that you began to see ICOs come out of the woodwork offering the same ideas and concepts - on an ERC20, at that, and oftentimes backed by very moneyed and influential people who quite frankly should know better.
It's only been in the past few weeks that Layer 2 has become a popular topic of discussion. Now more and more recognizable experts are admitting L2 is the natural way forward, and with it comes the interest of those who bank on their word.

Don't let the experts "inform" you in another 8 months that building directly on Ethereum (rather than for Ethereum) and being co-dependent on its network and future plans for everything (rather than being independent) "might actually stunt" native interchain L2 interoperability.

>>22658268
How many months have you been holding for?
June
>aggregating orders from CEXs
>one-coin deposit
July
>Raiden partnership and BTC/WETH swaps shown to be working
>aggressive private beta testing until LN swaps were hardened enough that you could spam the network with a flood of tx and have a >99% success rate
August
>open beta
>LN watchtowers deployed
September
>unveiled new UI that drastically simplifies the interface
>working on major network upgrades to allow for trustless staking and MN management from cold storage in addition to an overhaul of the old core wallet
The upgrades that allow for cold staking/MN management are planned to be done by October 8.
The simple UI is slated for the next build.
Raiden private key integration is still slated to be done shortly after (next 2-3 builds).
If crypto goes sideways for a little bit again, this will just give them more time to be ready for when it wakes up.

>>22569022
>uniswap is great and all but DEX's are never going to become normie friendly
>He doesn't know

>>22565320
The most convincing fud was that normies would have a hard time opening/renting channels and then waiting for them to go active. There was truth in that. Now there is a straightforward way to immediately swap upon deposit to an L1 wallet with pic related. This took took the many contingencies and pre-reqs for making L2 trades and turned it into a one-stop "it'll be done in 25 minutes if you're sending from L1 but it's only $1" solution.

shill me why I should use this instead of StakeNet's vortex

There's still time to accumulate.

XSN

>>22346119
>he thinks this is complex
ngmi

The best thing about all the defi hype is that it's primed the broader crypto industry for all the ideas that XSN perfected.
Stakenet's approach and framework for a DEX is miles ahead of the competition in every regard.

>>22257586
You can put buy orders in through the DEX. That would be the soonest way to buy. Livecoin is more of a hassle at this point.
>make account
>setup 2fa
>wait a few days for withdrawal permissions
vs. waiting for your BTC to go active on L2
The new swap interface will be out with the next build.

Fudders BTFO.

Core-Dev Updates are here for SEPT 5 2020

- Wallet update (V4.0.4)

As we are preparing for V4.0.4, along with bug fixes and optimizations there will also be an introduction of a new swap tab (see image) to target DEX users who want a simple UI to click “exchange” and not interact with off chain rentals, channels, etc. This will be important to help on board those not familiar with using layer 2, and an easy frictionless introduction to the benefits of off chain payment channels.

When swapping, the user will always receive the coins on layer 2 , they will however be able to start (if they want) on layer 1 with all assets. Worst case is there would be ~20-30 min wait time (when BTC is invovled) for swap completion as we prepare channels, rentals and manage DEX orders in backgroud. For users who already have funds on layer 2, executing these swaps and trades will be instant and near fee less

- ETH integration
We are in the final phases of adding ETH private key support into the wallet. Look for this to come in V4.0.5 or V4.0.6
This is important as it will not only allow for storage, sending, and receiving of ETH and its tokens but also allow us in following updates to begin pushing special Raiden deployments to initiate a public test phase of layer 2 with ETH

- HW Support
As we are now in process of adding dependencies for the HW, have begun development on Trezor and once in place will deploy and integrate other popular HW such as Ledger.
This will allow users to begin securing and managing their funds with our wallet safely and securely. After our planned network upgrades, it will also allow XSN cold staking & storing MN collateral using our light wallet