Saturday, 11 July 2020

Launch of Stakenet dx (Lightning Swaps)

The XSN Dev team has created and configured lightning labs LND to create the first ever public comprehensive guide to execute a lightning swap on mainnet.
Keep in mind these are different and much more complex than regular 'atomic swaps' as over lightning you are not limited to on chain confirmation times, allowing you to instantly trade your assets through a virtually infinitely scalable P2P network (LN). This is the official launch of our Decentralized Exchange and took some time to get correct, however we are proud and satisfied with the result as it puts our team and project at the forefront of lightning development.

We will continue executing, teaching, and encouraging the public to swap via LN (over 100 swaps done so far) on this early version of a DEX we call 'Stakenet dx' and turn its (command line) technology into a one button out of the box user application allowing trustless exchange of coins with the click of a button (coming in our light wallet, under development).

After lightning coin interoperability we will then move onto investigating the 0x protocol to allow ETH tokens & integration of other cross chain solutions with our technologies, as well as using 2nd layer (XSN masternodes) to provide liquidity for permanent open (LN) channels to exist. We will have great opportunities to partner with other lightning teams, and projects and are excited to collaborate with this emerging community.

As we prepare for the official launch of our 'pro trader' user interface we are also investigating utilizing maker/trading bots to give initial liquidity to the platform. Any interested in trying out the above technologies, feel free to join our Discord and try first-hand!
This is official statement of Stakenet (XSN) Team
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