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/biz/ - Business & Finance

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22109223 No.22109223 [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 (XSN) 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.22109807

Ok

>> No.22109873

>>22109807
fuck you OP needing to bump your own shitty repetitive thread of your shitty fucking coin. The number of lies here is beyond pathetic this is coming from a paid XSN faglord. Fuck off back to plebbit already you faggots

>> No.22110297

>>22109873
Nigger i'm not op. Fuck off degenerate fudder.

>> No.22110720

>>22109873
>>22110297
kek