/biz/ - Business & Finance

What is Stakenet?

Stakenet is a platform providing a trustless interchain economy using a Proof of Stake blockchain, with Lightning Network, Masternodes, and DApps such as a Lightning DEX. It is connected to other blockchains through Lightning Network, and strives to provide a highly secure cross-chain platform for cryptocurrencies where individuals can easily operate with any blockchain simply by using XSN; while also allowing the ability to build code-agnostic DApps on top of it. All of which will be powered by XSN Masternodes whom earn and collect fees for the services they provide.

Stakenet allows easy and secure staking of its currency XSN by using our invention Trustless Proof of Stake (TPoS), effectively achieving decentralized cold staking; this provides one of the highest levels of security among any PoS blockchain. TPoS allows users to cold stake their coins via smart contracts, which means you can stake your XSN from your cold wallet, removing any unnecessary security risk. With a combination of TPoS, the Lightning Network, and Cross-Chain Proof of Stake, you will be able to stake XSN from your own hardware wallet (or any other wallet) and receive rewards directly to it in other currencies, like Bitcoin.