How many of you have been screwed by an exchange?
>Exit scams, withdrawal freezes, indefinite wallet maintenance
>Mandatory retroactive KYC
One of BTC's biggest problems for years has been a lack of good mediums and exchanges. A lot of what makes BTC good and hard to trace got thrown out as an option when major fiat on-ramps got involved. They brought KYC policies in to tag and ID individual wallets, going directly against the essence of P2P cash. Though it's not as if they could have helped it, multinational legal pressures followed along. At the same time, their services require their customers to give up custody of their keys. To make it worse, a lengthy number of them have failed to safeguard their customers funds. For all the great strides made in this space, these sloppy exchanges have been an embarrassment to it for years.
Stakenet Wallet is going to fix all 3 of these issues
>DEX run by MNs on a 2nd layer atop the network. A full-scale exchange with many novel features will be embedded into the wallet.
This is a significant step up in security. The nature of how the exchange is run makes it near impossible to shut down. Individual customer funds will in encrypted wallets.
It's quite literally the opposite of the current norm - giving up your keys to trade in a potentially vulnerable environment that wants your ID info.
Instead - keep your keys to trade privately in a highly secure environment where no accounts will be AIDSed to you and you will never be surprised with mandatory KYC
If you ever got screwed by a central exchange, keep an eye out for XSN.