Right now, most crypto is traded to and from Centralised Exchanges like Binance. To buy and sell on these exchanges, you have to send your crypto wallets on that exchange. That means the exchanges have your private keys, and they have control over your funds. When you use a centralised exchange, you are no longer in control of your assets, and depend on the trustworthiness of middlemen. We have in the past of course seen infamous exit scams by centralised exchanges like Mt. Gox.
The alternative? Decentralised Exchanges. DEX's have no central authority and most importantly, your private keys(your crypto) never leavesYOUR possession and are never in anyone else's possession. So you can trade peer-to-peer without any of the drawbacks of Centralised Exchanges.
The problem is that this technology has not been perfected yet, and the DEX's that we have available to us now are not providing cheap, private, quick trading on a decentralised medium because of their technological inadequacies. Take Uniswap for example. This DEX accounts for over 60% of all DEX volume and facilitates trading of ERC-20 tokens, over the Ethereum blockchain. The problem? Because of the huge amount of transaction that are occurring over the Ethereum network, this has lead to congestion(too many transaction for the network to handle at one time) so the fees have increased dramatically. Another big problem? It's only for Ethereum. You cant for example, Buy LINK with BTC. You must use ETH.
The solution? Layer 2 protocols. These are layers built ON TOP of existing blockchains, that are designed to solve the transaction and scaling difficulties that crypto as a whole is facing today(and ultimately stopping mass adoption) The developers at Stakenet have seen the big picture, and have decided to implement the lightning network(a layer 2 protocol) into its DEX from the ground up. This will facilitate the functionalities of a DEX without any of the drawbacks of the CEX's and the DEX's we have today.
Heres someone much more qualified than me, Andreas Antonopoulos, to explain this
'Once we have efficient, well designed DEX's on layer 2, there wont even be any DEX's on layer 1'
Jaxson Reed
X) I know DEFI is the entire purpose of crypto. Its why btc was created. So we can be our own bank.
(X) I know BTC did not succeed because it didn't scale and for btc to succeed now it requires lightning network. For similar reasons, I know for eth to succeed, raiden is required.
(X) I know a DEX with atomic swaps is too slow to be commercially feasible. A lightning and raiden dex is required.
(X) I know people are fearful of trading on CEX due to situations like Cryptopia and Quadriga.
(X) I know XSN is the only project with a true dex integrating lightning and raiden. It will allow people to trade peer to peer directly from their computer. They always hold their coin. Never transfer to an exchange.
(X) I know XSN has an actual working product and you can beta test it right now in a private group in discord if you ask nicely.
(X) I know XSN is not a project that talks. They just do. I don't have to worry about an exit scam.
(X) I know XSN masternodes will process transactions on the dex and will receive the fees.
If all of the above are true, my masternodes will fucking buy me a nice big boat and quit wagecucking.
>it's another biz ignores the blatantly undervalued fundementals based crypto and buys a pumped PND shitcoin instead episode
Sebastian Ward
Leverj is going to fucking moon. L2 dex with futures. Futures went live last week. They have some work to do on the front end but functioning futures is an achievement. New tokenomics coming soon
Elijah Gonzalez
this is not an all encompassing solution to the major problems outlined and is bandaid solution. we dont want futures trading, we want to safely, instantly, cheaply and privately exchange our real crypto assets.
Jose Wilson
ETH is old money NEO is the answer
Henry Peterson
Exactly Bitcoin is going to die compared to the rest of crypto. All I want to do is short bitcoin and all it's shitty little bitcoin forks/derivatives (more capital into them) We're currently in the 2M downtrend on the current monthly consolidation pattern
I want to use leverage and make sure my liquidation is just above BTC ATH- then Ill just evaluate BTCs strength month by month until it's dominance in crypto is nada
Angel Williams
am i retarded
Bentley Diaz
I don't support defi anymore. Enjoy getting vanned by the FBI, faggots.
Chase Brooks
low IQ move, and you will lose everything. you could just invest in the emerging solution.
Yes all think tanks and central banks are talking about cbdcs and the original version of bitcoin is self evidently superior. Bet on both sides, you cant lose
John Thomas
not an argument, but thank you for the bump
no
Nicholas Wilson
Look, Zig Forums clearly doesn't care about XSN. It's time to stop shilling it here and find another platform.
Evan Bennett
thank you for the bump, I will continue to spread the word
What are your % into each. Also I couldnt find any place that had any mention of hydra, why do you think its value will be so high over the other coins you mentioned.
Jason Young
This will be THE DEX. It will facilitate a tremendous amount of transactions on a daily basis.
Chainlink is solving the oracle problem and making smart contracts viable.
Stakenet is solving the transaction speed/scalability/privacy problem and will enable crypto to be used for what it was invented for - independence from the financial system.
yeah, this was a weird mix of decent knowledge on relevant crypto issues and solutions, and coming to the complete wrong conclusion shills are truly weird in allocating untold amounts of effort to uncertain outcomes. sell your bags, invest in legit projects, put the same effort towards a real marketing job. now you actually profit from two near guaranteed sources of income, instead of wasting time on hoping you will be able to unload your pnd bags at the top
Xavier Hall
>yeah, this was a weird mix of decent knowledge on relevant crypto issues and solutions, and coming to the complete wrong conclusion
not an argument
Juan Fisher
This is what genuine pyramid scheme shillings look like. Beats the same retarded "BUY SCAMFINANCE" anyday
Carson Stewart
FTM is the solution.
Adam Flores
>This is what genuine pyramid scheme shillings look like.
no. a plethora of detailed information about a viable, working project has been posted
What this DOES look like however, is a coordinated FUD campaign, with several unique IP's constantly emerging in every XSN thread, trying to discourage others from investing.
well strap in you smelly pajeet because i will be informing Zig Forums about this project every hour of every day.
First off obligatory >Reddit Also you didnt quite answer my question. I can see xsn being useful but why is raiden, DEX, and hydra also on your list. Are they partnered, competitors, or different part of the puzzle? Id do my own research on them but im not seeing any resources on them.
