Stakenet

1. Summary

Ranks

Liquidity

-

Developer

-

Social

66

Momentum (beta)

0

Stack Rank™

-

Price

$0.01 0.0%

Market Cap

$1.32M (#2625)

Supply

/

Tags

Cryptocurrency Governance Masternodes

More Metrics

Price
52W High price	$0.33
52W High date	7th Dec 2021 (2 years ago)
All Time High (ATH) Date	11th Jun 2024 (1 month ago)
All Time Low (ATL) Date	11th Jun 2024 (1 month ago)

Supply & Trading Volume
Trading Volume (24h)	$919.00

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Description

Stakenet

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Stakenet

Stakenet (XSN) is an open-source project designed to build a trustless interchain economy. This project aims to connect different blockchain projects through one seamless interface, making it easy to use for everyone regardless of technical expertise. Stakenet's ecosystem includes a decentralized governance and funding mechanism, encouraging the creation of independent companies and organizations that work within the network.

Key Features

• Off-Chain Layer 2 (L2) Development: Stakenet focuses extensively on off-chain Layer 2 development, which involves multiple public and private repositories beyond the main blockchain repository.
• Trustless Proof of Stake (TPoS): Stakenet features a Trustless Proof of Stake system, allowing users to stake their coins without relying on a centralized authority.
• Cross-Chain Proof of Stake (CCPoS): Stakenet’s CCPOS system allows users to choose what they want their staking rewards to be paid in, giving them flexibility in rewards management.
• Lightning Network Integration: Stakenet combines Lightning Network and Masternodes to create a trustless cross-chain platform.
• Privacy Features: The project includes features like 1-click TOR privacy and the use of Mimblewimble for enhanced privacy, as well as exploring Lightning Network’s unique opportunities for privacy enhancements.
• Diverse Wallet Functionality: Stakenet’s multicurrency wallet includes features like TOR privacy and supports multiple assets beyond XSN.
• Decentralized Governance: The project operates under a decentralized governance and funding mechanism, promoting the creation of independent teams working on different aspects of the project.

Ecosystem Components

• XSN Core: This is the open-source software enabling the use of the XSN currency and provides the foundation for the project's functionality.
• XSN Core Integration/ Staging Tree: This includes the latest development work and public repositories for various project components, such as the web DEX interface and blockchain explorer.
• Stakenet Cloud: This is a collection of services and utilities supporting the Stakenet network and user operations.
• Hardware Division: A team focused on building crypto-related hardware devices to support the ecosystem.

Goals and Applications

• Interchain Economy: Stakenet aims to create a seamless network that connects various blockchain projects, enhancing global interconnectivity and usability.
• Use Case Flexibility: The project allows users to engage with different blockchains and assets without needing multiple wallets or technical expertise.
• Decentralized Solutions: Stakenet is designed to provide reliable, decentralized solutions across different use cases and industries.

Supporting Tools and Services

• DexAPI Documentation: For bot development and integration.
• Blockchain Explorer: To track and monitor blockchain data.
• Web DEX Interface: For an intuitive interface to interact with the platform.
• Translation Process: Through the community and Discord, contributors help with translation.

Current Status and Development

• Active Development: Regularly updated and tested on the master branch, with official stable releases marked by tags.
• Transparency and Governance: Organized through open-source practices, community engagement, and a clear development process.
• Private and Public Repositories: Multiple repositories are maintained for public and private development work.

Additional Resources

• White Paper: Offers detailed insights into Stakenet’s technology and goals.
• Official Documentation and Guides: Available on the project’s official websites and GitHub repositories for more information on setup, usage, and development.

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