Binance Bitcoin News

Stakenet (XSN) - A DEX with interchain capabilities (BTC-ETH), Huge Potential [Full Writeup]

Full disclosure here; I am heavily invested in this. I have picked up some real gems from here and was only in the position to buy so much of this because of you guys so I thought it was time to give back. I only invest in Utility Coins. These are coins that actually DO something, and provide new/build upon the crypto infrastructure to work towards the end goal that Bitcoin itself set out to achieve(financial independence from the fiat banking system). This way, I avoid 99% of the scams in crypto that are functionless vapourware, and if you only invest in things that have strong fundamentals in the long term you are much more likely to make money.
Stakenet is a Lightning Network-ready open-source platform for decentralized applications with its native cryptocurrency – XSN. It is powered by a Proof of Stake blockchain with trustless cold staking and Masternodes. Its use case is to provide a highly secure cross-chain infrastructure for these decentralized applications, where individuals can easily operate with any blockchain simply by using Stakenet and its native currency XSN.
Ok... but what does it actually do and solve?
The moonshot here is the DEX (Decentralised Exchange) that they are building. This is a lightning-network DEX with interchain capabilities. That means you could trade BTC directly for ETH; securely, instantly, cheaply and privately.
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'
The Stakenet team were the first to envision this grand solution and have been working on it since its conception in June 2019. They have been making steady progress ever since and right now, the DEX is in an open beta stage where rigorous testing is constant by themselves and the public. For a project of this scale, stress testing is paramount. If the product were to launch with any bugs/errors that would result in the loss of a users funds, this would obviously be very damaging to Stakenet's reputation. So I believe that the developers conservative approach is wise.
As of now the only pairs tradeable on the DEX are XSN/BTC and LTC/BTC. The DEX has only just launched as a public beta and is not in its full public release stage yet. As development moves forward more lightning network and atomic swap compatible coins will be added to the DEX, and of course, the team are hard at work on Raiden Integration - this will allow ETH and tokens on the Ethereum blockchain to be traded on the DEX between separate blockchains(instantly, cheaply, privately) This is where Stakenet enters top 50 territory on CMC if successful and is the true value here. Raiden Integration is well underway is being tested in a closed public group on Linux.
The full public DEX with Raiden Integration is expected to release by the end of the year. Given the state of development so far and the rate of progress, this seems realistic.
2.6 Metrics overview (from whitepaper)
XSN is slightly inflationary, much like ETH as this is necessary for the economy to be adopted and work in the long term. There is however a deflationary mechanism in place - all trading fees on the DEX get converted to XSN and 10% of these fees are burned. This puts constant buying pressure on XSN and acts as a deflationary mechanism. XSN has inherent value because it makes up the infrastructure that the DEX will run off and as such Masternode operators and Stakers will see the fee's from the DEX.
We can clearly see that a layer 2 DEX is the future of crypto currency trading. It will facilitate secure, cheap, instant and private trading across all coins with lightning capabilities, thus solving the scaling and transaction issues that are holding back crypto today. I dont need to tell you the implications of this, and what it means for crypto as a whole. If Stakenet can launch a layer 2 DEX with Raiden Integration, It will become the primary DEX in terms of volume.
Stakenet DEX will most likely be the first layer 2 DEX(first mover advantage) and its blockchain is the infrastructure that will host this DEX and subsequently receive it's trading fee's. It is not difficult to envision a time in the next year when Stakenet DEX is functional and hosting hundreds of millions of dollars worth of trading every single day.
At $30 million market cap, I cant see any other potential investment right now with this much potential upside.
This post has merely served as in introduction and a heads up for this project, there is MUCH more to cover like vortex liquidity, masternodes, TOR integration... for now, here is some additional reading. Resources
TLDR; No. Do you want to make money? I'd start with learning how to read.
submitted by hotprocession to CryptoMoonShots [link] [comments]

binance hacklendi mi? binance de neler oluyor? bitcoinin fiyatı cok düşer mi? How to install exodus wallet (Linux-Ubuntu) Beginners Guide on How to Buy Altcoin in Binance using BTC BINANCE LIVE: Interview with Binance CEO C. Zhao. Announce ... FAUT-IL ACHETER DU BITCOIN ET DU BINANCE COIN ? (+ Annonce Live) New Crypto Rankings, IOTA + Linux, Crypto Collectibles, Ledger + Tezos & New Binance Coins ★ Margin Trading on Binance Tutorial Community Shocked That Binance Suggest Bitcoin Reorg After Hack API Key Binance erstellen HUGE Bitcoin Breakout Coming? Binance Opens Trading  Bitcoin and Cryptocurrency News

Binance users can now buy Bitcoin with practically all of the fiat currencies in existence; Binance, which is one of the leading cryptocurrency exchanges in the world, has partnered with the peer-to-peer crypto exchange Paxful. Via this partnership, Binance users can now use 167 different fiat currencies to buy Bitcoin. MultiMiner ist für Windows, Mac OS X und Linux erhältlich und ermöglicht es Ihnen, Mining-Geräte (z.B. ASICs, FPGAs) ohne Aufwand zwischen verschiedenen Kryptowährungen (z.B. Litecoin, Bitcoin) zu wechseln. Es nutzt die zugrundeliegende Mining-Engine zur Erkennung verfügbarer Mining-Hardware und lässt Sie die Coins auswählen, die Sie abbauen möchten. MultiMiner verfügt über viele ... Okay now it is time to start mining. Most mining computers that use Nvidia and Linux are built to mine equihash coins. Because of this we will follow a previous tutorial I have written on how to mine Bitcoin Private I will not be going into the details on how to setup the command line configuration, so make sure you follow the tutorial. A major Linux Mint upgrade to version 19.2 was released in July. To be clear, the Linux Mint community offers several other desktop environments besides Cinnamon with all of its releases. Cryptocurrency OS ships with multiple cryptocurrency wallets preinstalled. These wallets include Bitcoin, Litecoin, Ripple, Ethereum EOS and Digibyte Wallet. Though Linux mint’s ease of use makes a good case for new and dabbling miners, solutions like Arch Linux, or FreeBSD, that hand the reigns to the user in terms of security practices, and have better in-built downstream security support, may be better alternatives for mining setups for now, at least until Linux Mint proves they’ve taken steps to ensure their OS isn’t compromised again. Bitcoin is not supported currently, although it has a great future and can be called the safest cryptocurrency wallet in today’s world. ... Linux Mint is one of the best Linux distros for newcomers, especially who comes from other Operating Systems like... Read more. Linux. Linux Mint vs Ubuntu: 15 Facts To Know Before Choosing The Best One . Ubuntu and Linux Mint are two popular Linux ... Linux Mint 18.2 läuft sehr flüssig und gut drauf. Selbst mit einigen offenen Browser Tabs, LibreOffice, Thunderbird, Rambox, Nextcloud Client und was eben so offen ist, hat der Rechner keine Probleme und lagert nicht auf die Festplatte aus. Ganz übliche Office-Aufgaben erledigt der iMac mit Linux Mint 18.2 ohne mit der Wimper zu zucken. Vor kurzer Zeit habe ich bereits vor vermehrtem Scam oder Betrug mit Bitcoin gewarnt.Ich habe erwähnt, auch schon besser gemachte Websites für den Betrug gesehen zu haben. Nun konnte ich Screenshots von einer machen, die angeblich von Binance betrieben wird. Mint and Coinbase: Your New Bitcoin Finance Tracker Bitcoin, the electronic currency system, allows direct payments from one party to another without the necessity of a financial institution. It is self-governing, and the value of Bitcoin varies, sometimes with substantial volatility. People can use Bitcoin for almost any type of transaction, including online shopping, and paying for goods or ...

[index] [20471] [8065] [24039] [5320] [10328] [4978] [12180] [17957] [1039] [11814]

binance hacklendi mi? binance de neler oluyor? bitcoinin fiyatı cok düşer mi?

bitcoin analiz binance. Bitcoin ve Altcoin sert inip çıkacak aman dikkat.#bitcoin #altcoin #kriptopara #PİYASA #analiz - Duration: 17:27. Bitcoin ve Altcoin Kripto Para Analiz 756 views. New Binance - Hashflare with 63 days to break even, 1-year contract - Bitclub Network 5% re... Binance Deutsch - Binance anmelden - Binance Anleitung In diesem Video zeige ich dir in Form meiner Binance Erfahrungen, wie du dich bei Binance anmelden kannst. Binance link: ★Check out our website for the latest market reports!★ Website: ... New Crypto Rankings, IOTA + Linux, Crypto Collectibles, Ledger + Tezos & New Binance Coins The Modern Investor. Loading... Unsubscribe from The Modern Investor? Cancel Unsubscribe. Working ... Here's how you can buy Altcoin in Binance using Bitcoin. You can also read the whole article about it here: Is it the calm before the storm? Binance opens trading and not much has happened. But is a huge breakout coming? Let's take a look. Become a CryptosRus INSIDER to gain exclusive insight on the ... FAUT-IL ACHETER DU BITCOIN ET DU BINANCE COIN ? (+ Annonce Live) Journal du Coin. Loading... Unsubscribe from Journal du Coin? Cancel Unsubscribe. Working... Subscribe Subscribed Unsubscribe 26.9K ... #BINANCE #BITCOIN #BTC Binance CEO Zhao: In this AMA we are discussing BTC price and talking about Bitcoin price prediction. Also, we prepared an airdrop of 10 000 BTC to giveaway for our followers. Community Shocked That Binance Suggest Bitcoin Reorg After Hack MrSotko CryptoCurrency. Loading... Unsubscribe from MrSotko CryptoCurrency? Cancel Unsubscribe. Working... Subscribe Subscribed ...