$ 0.011 0.00%
Stakenet (XSN) Rank 3265
| Mkt.Cap | $ 0.00000000 | Volume 24H | 0.00000000XSN |
| Market share | 0% | Total Supply | 76.5 MXSN |
| Proof type | TPoS | Open | $ 0.01 |
| Low | $ 0.01 | High | $ 0.01 |
Stakenet Masternode
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Stakenet was launched in March 2018, completing a transition from the POSW chain. Since March 1st, the POSW chain has been abandoned, with Stakenet operating on its own blockchain. The coin also exclusively operates with a Proof-of-Stake consensus mechanism, and is currently in its final block reward stage; a stage that will continue indefinitely. This is important to note for the purposes of profitable speculation, as we’ll discover when we dig into supply emission and inflation.
By using Stakenet.io and any of its services, you declare that all information to Stakenet.io in connection with these Terms are true, accurate and complete. To make sure that the supply increases very slightly with time, XSN burns the transaction fees and has introduced “Revolving Stake Bonus (RSB)”. RSB has been created to support the Stakenet ecosystem by donating the funds obtained from network of projects to the treasury to initiate further developments or by burning the coins. This keeps the increasing supply in check, offsetting the inflationary effect of the block rewards and provides financial protection to the ecosystem by funding treasury.
Stakenet price chart
XSN VIPER X1 is a hardware device which will integrate lightning network routing capabilities to provide users the ability to run LN Hubs and generate fees for XSN, BTC, LTC and any other lightning network compatible coin. Enabling of multiple LN hubs + MN’s which will run on VIPER will allow users to execute higher level functions of various chains and coins from cold storage. Stakenet is the third platform after Bitcoin and Litecoin to ever perform lightning swaps.
Yo can check their roadmap and decide the pace and quality of the improvements. Stakenet is working on a software solution which will enable in-wallet one-click lightning swaps. This will allow exchanging of assets instantly over lightning compatible wallet reducing the time and fees tremendously.
The Stakenet blockchain is powered by its own native coin XSN, which is the money that will be used as the legal tender for the entire ecosystem. As of now the underlying technology powering swaps would require what are called “watchtowers” — entities that need to be relied on, holding multi chains, watching and punishing any bad actors involved in cross chain communications. Each of these watchtowers will provide lightning channels for the Stakenet network and other supported blockchains, like Bitcoin. There will be requirements for XSN masternodes to have light channels open totaling a minimum of X amount of XSN per IP.
Network sustained and secured with more than 1400 masternodes where any transaction immediatiely approved and completed, moreover, immediacy will be completed with Lightning Network. Privacy and anonymity are the main focus of any blockchain project which is fully covered in XSN development under Stealth Mode. Innovation is synonym of Stakenet because of continuous development.
Running a StakeNet masternode will provide passive income. Rather than see-saw the Stakenet core team decided it best to implement masternode challenge requirements (sending masternodes a challenge to solve in under a certain amount of time, if they exceed challenge runtime often it will result in a ban). This can be raised to lower MN’s (increase staking) and lowered to raise the number of MN’s (decrease staking). All masternodes would need to update together…There are a few working models currently we can go off of to ensure stability.
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Stakenet compared to Blocknet
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- Regarding funding, I like that they have a 10% Treasury that is governed using the masternode network.
- Running a StakeNet masternode will provide passive income.
- Stakenet is built-in with a second layer of masternode network which provide special features to the platform such as Instant send, Decentralized Governance, DApps creation, high liquidity, execution of lightning swap, high scalability etc.
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Stakenet Price Index, Historical Chart and Market Cap
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For users who do not understand the complex mechanisms of cryptocurrency trading and still want to have a passive cryptocurrency income, owning a masternode means that they are involved and making gains even when not trading. It is the responsibility of the user to abide by local laws in relation to the legal usage of Stakenet.io in their local jurisdiction. Users must also factor, to the extent of their local law all aspects of taxation, the withholding, collection, reporting and remittance to their appropriate tax authorities.
Given the rest of this report – in particular, theMetric Analysis– it would seem as though price is in a strong position for a low-risk, high-reward entry, and the signs of reversal are there. It will be interesting to see whether Stakenet can buck the macro market downtrend in the short term, but, over the coming months, I can see a lot of upside for the coin.
Litecoin
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Regarding funding, I like that they have a 10% Treasury that is governed using the masternode network. I am more excited for the RSB mechanism to start buy-backs-and-burns and to begin assisting with Treasury funding as the Stakenet ecosystem evolves to include more services. That being said, there are informative yet brief sections on the history of XSN and its beginnings as POSW. The subsequent graphic featuring Bitcoin first-of-class forks is particularly smart, as it distinguishes Stakenet as one of few Bitcoin forks truly innovating.
