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/biz/ - Business & Finance

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21609412 No.21609412 [Reply] [Original]

On Dec 22, 2017, the average BTC transaction was $55. See https://bitinfocharts.com/comparison/bitcoin-transactionfees.html

ETH was about $5 per transaction at its peak.

Why did this happen? Transactions were all being done on chain and it got congested.

Uniswap currently has more than 200 mio daily volume, but transactions are on-chain so ETH gas fees are through the roof.

Stakenet is solving this by implementing the Raiden Network, AND the Lightning Network to perform instant off-chain transactions which are way cheaper.

All the fees that are collected from people trading is used to pay masternode owners, AND to buy up XSN and burn it from the total supply.

In other words, XSN will be deflationary, just like Bitcoin. Once people realize how EASY it is to use their DEX, volume is going to go through the roof.

It's currently in BETA, but has more volume than Blocknet's DEX, which has been on the market for 2 years.

>> No.21609462

>mom I posted it again!

>> No.21609593

>>21609412
LINK solves the oracle problem
XSN solves the scalability problem

>> No.21609750

>>21609593
RLC solves the compute problem.

Holy Trinity.

>> No.21609760

>>21609593

Link and XSN. HULK AND IRONMAN

>> No.21609787
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21609787

I'm buying RDN

>> No.21609861
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21609861

>>21609593
>>21609750
Whats the solution to the nigger problem?

>> No.21610050

>>21609750
Rlc pajeet inserts himself again.

>> No.21610100

>>21609861
Rural locality

>> No.21610297

>>21609760
checked