Stakenet is a decentralized platform that provides a trustless interchain economy. It is composed of a stake-proof blockchain and lightning network, master nodes, and distributed applications/decentralized applications, and is used to provide a highly secure cross-chain platform for cryptocurrencies. On this platform, individuals only need to Using Stakenet and its native currency XSN makes it easy to operate any blockchain.

Project Introduction

Stakenet is a proof-of-stake blockchain that provides a truly decentralized, highly secure and professionally linked network for the blockchain economy. It is powered by its native coin, XSN, while being managed by its own network of masternodes and Lightning Network nodes. Stakenet has a 1 second transition time and a maximum of 240 on-chain transactions per second. It is based on a block size of 1-4 megabytes and a block generation time of 60 seconds. In addition, the Stakenet blockchain can also achieve the initial scaling of the O-Chain with almost zero fees by using the Lightning Network.

Stakenet is a distributed network of incentivized stakeholders that provides a trustless interchain economy. It is based on enhanced proof-stake blockchain certificates with multiple second-layer solutions such as Lightning Network, Masternodes and dApps. It has a one-second confirmation time and a maximum of 240 on-chain transactions per second. With the Lightning Network, where most transactions will take place, the Stakenet blockchain can scale exceptionally with instant and nearly free transactions. Its use case is to provide a cross-chain architecture for cryptocurrencies, where individuals can easily operate any blockchain simply by using Stakenet's native coin, XSN, as blockchains are interconnected via Lightning Network and other cross-chain technologies. Unlike the vast majority of cryptocurrencies, Stakenet does not impose a brand new standard, but sticks to the existing BTC/LN protocol and existing smart contract solutions, which are the present and future of the blockchain economy. Cryptocurrency, Stakenet does not impose a whole new standard, but sticks to the existing BTC/LN protocol and existing smart contract solutions, which are the present and future of the blockchain economy.

Stakenet offers one of the highest levels of security of any proof-of-stake blockchain. It effectively enables decentralized cold staking by using its invention of trustless proofs to easily and securely stake its currency, XSN. TPoS allows dealers to refrigerate coins via a special protocol on the Stakenet blockchain, which means validators can even deposit their XSN from hardware wallets, eliminating any unnecessary security risks. Additionally, Stakenet Masternodes create a vast decentralized network of computers that can generate incredible computing power. They provide high-end web services and run blockchain-based DApps. For example, the XSN Masternode network powers the XSN Dex by performing lightning swaps and tokenized swaps between different coins, host lightning channels, and provides liquidity for the Lightning Network through Masternodes' affiliates.

Stakenet was the first Proof of Stake blockchain to successfully perform Lightning Network compatibility using Masternodes, and in addition to Bitcoin and Litecoin, it was the first to perform atomic swaps via the Lightning Network (Lightning Swap). As a result, the Stakenet blockchain can interact with any Lightning Network-compatible merchant, application, wallet, or upcoming crypto device. Thanks to Stakenet's cross-chain functionality, users can pay anyone who accepts Bitcoin or any other Lightning Network compatible coin seamlessly with XSN, increasing adoption at scale as thousands of merchants already accept Bitcoin via Lightning Network currency payment.

Stakenet builds the safest, fastest and cheapest interchain for the blockchain economy by combining Lightning Network, different smart contract solutions and cold storage with trustless stake, exchange and payment
architecture.

Related Links:

https://stakenet.io/
https://stakenet.io/Stakenet_Whitepaper_CN.pdf
https://0xzx.com/201907090248159757.html