Stakenet's Lightning DEX

On-chain, Bitcoin is capped at 7 tx/sec. The more activity the network sees, the slower transactions become.
As it grows in value, fees increase as well.
Lightning allows for a theoretically unlimited number of transactions at near-zero fees, but it has seen stagnant growth because there's little financial incentive for individuals to adopt it on their own.
XSN's solution involves using its decentralized Masternode network and the collateral locked in them to rout payments, act as watchtowers, and provide a ton of liquidity for transactions.
This will bolster Lightning without centralizing it.
Most masternodes projects has no purpose, but Stakenet actually makes use of all these servers standing idle all around the world.

As XSN is inflationary, the supply will slowly increase over time and allow more masternodes to participate.
With this design and approach, BTC will be able to scale and take on much heavier workloads without hitting any major bottlenecks down the road.

Additionally, XSN's masternodes are going to use lightning to restore some of BTC's inherent privacy and anonymity that was compromised by CEXs and KYC.
By embedding TOR into the network and implementing lightning atomic swaps, anyone will be able to instantly and privately swap a wide variety of coins without ever having to send them somewhere that is out of their control. This will greatly minimize the need for businesses that accept crypto to adopt 10 different types of coins as so many of them can be instantly swapped into BTC.
Imagine a standard Bitcoin qt wallet with an extra tab that offers everything that a full scale exchange has and you have the essence of Stakenet.

Thoughts? Could this pull a Raiblocks, or AntShares? Their DEX is 80% completed on their roadmap, and their Multi Currency Wallet is in open BETA.

Attached: bitcoin.png (1324x670, 460K)

I am a bit fuzzy on lightning. I understand how the 2 channel system works, but how will the DEX use lightning from a technical perspective?

Masternodes opens up lightning channels, and use them to route payments back and forth on the DEX

I don't understand lightning, can anyone tell me what it is?

Easy x1000 from here, screencap this

A fake scaling solution whose only goal was to defuse big block arguments before Liquid is ready.

What's fake about it? Lol

I'm rocking 6 masternodes but god damn are these guys taking their sweet as time in releasing anything. They started doing weekly progress updates which turned to bi-weekly, and now it's basically monthly. I still think they are the best masternode coin on the market and have some very ambitious goals, it would just be nice to start to see these goals realized.

Totally agree.
And this Dex Dapp is just one Piece of the ecosystem. Those Guys just change everything. It is weird that this one is just under the radar lmao.

You can participate on testing the Win Build of the MultiCurrencyLightWallet. The Orderbook of that dex is also online in testmode yet, so you can see the devs trading live on them. Looks like soon will be sooner now.