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/biz/ - Business & Finance

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File: 509 KB, 1440x752, DEX.png [View same] [iqdb] [saucenao] [google]
16122971 No.16122971 [Reply] [Original]

Early preview of Stakenet executing instant Lightning swaps between LTC and XSN
https://www.youtube.com/watch?v=yLq7xIjf_hc

How can atomic swaps compete?

>> No.16123034

>>16122971
Is that legit? What am I seeing? Is this a new DEX? Wtf is a Lightning Swap? ANSWER ME

>> No.16123048

>>16122971
DW;NS

>> No.16123115

>>16123034
Atomic Swaps are trustless cross-chain trading. They allow people to trade with one another directly from their wallets, without the need and risks of intermediaries. This is revolutionary, as you no longer need to trust any centralized entity in order to buy or sell crypto assets. They work with Hashed Timelock Contracts (HTLCs), a kind of smart contract.

Atomic Swaps (Cross-Chain Atomic Swaps), are done on-chain. This means they are limited by block size (not scalable), confirmation times (slow) and fees (expensive) inherent to the respective blockchains.
Lightning Swaps (Lightning Network Cross-Chain Atomic Swaps) are done off-chain over Lightning Network. Lightning Swaps are infinitely scalable, instant, and have little to no fees at all. So they don't have any of the on-chain Atomic Swaps limitations.

With the issues on-chain Atomic Swaps have, it's clear why Decentralized Exchanges haven't gained enough traction so far, they simply can't match the user experience of Centralized Exchanges. Lightning Swaps solve all of these major problems, so they could very well revolutionize the entire ecosystem.

The possibilities that arise are limitless, and considering the huge progress the amazing developers working on the Bitcoin-Lightning (BTC/LN) standard are making, it is clear to us that it will be the future. That is why Stakenet is leading on Lightning Network innovation, and it is among the first three, next to Bitcoin and Litecoin, to ever perform Lightning Swaps.

In December 2018, the head developers of Stakenet (X9) formalized a collaboration with the Litecoin Foundation to work on and further develop the Lightning Network.

>> No.16123247
File: 45 KB, 591x512, EDzhVOtWwAEARQX.png [View same] [iqdb] [saucenao] [google]
16123247

>>16123115
Thanks anon, that was an unusually solid explanation of atomic swaps.
Pic related has been circulating on /biz/ for a few months now.
This is all real /biz/. Stakenet's legit

>> No.16123268

>>16123115
Ok you could have just said
> It’s the shit
But whatever, in for 100k

>> No.16123355

>>16123268
Nice. I'm getting close to 5 MN

>> No.16123430

>>16123355
Nice Stack :D

>> No.16123513

>>16123430
Thanks man. I'm gonna see if I can get to 6 or 7 by the end of the year.

>> No.16123703

>>16122971
I guess with that news more exchanges will popup to list that project. Fuckin Magic what they did.

>> No.16123912

>>16123703
Does that even matter anymore?
Binance and even Coinbase listings haven't made much of a difference for so many coins.