/biz/ - Business & Finance

>>22775277
it already exists, and it's XSN.

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.
For all the dedicated FUD threads, I've put this thread up at least 3 times before and no one could prove it wrong. XSN currently has an $18 million market cap. $18 million. Pic absolutely related.