What is StakeNet? XSN To Change The World
A team with focus and determination
StakeNet (ticker symbol XSN) looks to be one of the more promising coins in the blockchain world. According to their website, the white paper has not yet been released, however here is a summary of their visions which StakeNet lists on their website.
To make the XSN framework an environment that allows easy and secure staking via TPoS – the highest level of security using decentralized cold staking. We are always working with the developers from our community to invent new applications for TPoS.
To have a fast, private and innovative blockchain using masternodes, lightning network, security algorithms, CCPoS, etc.
To create a network of merchants that accept XSN.
To replace old technologies with something that the average user can pick and use without a lot of learning, then go out and spend for common goods.
All concepts listed above are very good and sound like they can create a solid building block for the company. To dig a little deeper crypto users love low fees for transactions. XSN claims to have unlimited & fee-less transactions over the lightning network, which is one of the first of its kind (huge bonus!). Privacy is another characteristic of crypto loved in the industry. As you may know private & secure transaction is how crypto came to be (aka Bitcoin & The Silk Road). Using the latest in privacy technology StakeNet promises that it will protect its users.
XSN is the very first blockchain company to use staking via trustless proof of stake or “TPoS” which will result in the highest level of security for those using proof of stake networks.
Q3 will be an important Quarter for StakeNet as this is when they’re scheduled to complete Lighting Network Upgrades, Atomic Swaps, release the mobile wallet and more.
(*At the time of this article XSN is trading around $0.38 (USD) or 0.00004084*)
Publsihed and written by Crypto__Zeus
Photo credits from medium.com