Stakenet Cloud (Staking as a Service platform) is now live! Deposit XSN and start earning rewards within hours.
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March 5, 2018
Stakenet (XSN) blockchain is born.
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Stakenet (XSN) was fair launched as block rewards started from block #20000. Introducing TPoS, Masternodes, and opening a whole new world of possibilities with our new roadmap around Lightning Network and cross-chain capabilities.
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March 1, 2018
Trustless Proof of Stake empowers XSN holders to securely stake coins from cold storage to earn staking rewards without the need of a trusted or voted authority.
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TPoS is a Stakenet invention that allows every XSN holder to securely stake his coins from cold storage without the need of a trusted or voted authority. While crypto holders currently use offline storage, TPoS transforms these cold storage devices into profit-generating devices. TPoS is fully operational and available for everyone who owns XSN. This technology will be available for cross-chain purposes upon implementation of CCPoS.
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March 1, 2018
XSN Masternode owners will have several sources of income: regular block rewards, Stakenet DEX trading fees, fees for running TOR-network services, et cetera... Furthermore, additional rewards may come in the form of hosting dApps and other services added to our Masternode Network.
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XSN Masternodes are dedicated hardware nodes that reside on servers around the world to ensure network decentralization and needed redundancy. Masternodes serve a critical role in adding a self-governing, service-providing layer to the network as well as supporting Stakenet's vision and mission statement by performing network-related functions. To secure the long-term health of the Stakenet Network, Masternode operators will have financial incentives to keep their nodes running for extended periods of time, primarily by being rewarded with block rewards or getting paid for services rendered.
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March 18, 2018
Stakenet (XSN) very first website launch.
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The first Stakenet (XSN) website with basic information is released. Soon to be replaced by https://stakenet.io.
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April 16, 2018
Stakenet (XSN) block explorer.
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The first Stakenet (XSN) block explorer with basic functionalities. More information about Masternodes, TPoS nodes, inflation, et cetera, will be included in newer versions.
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June 11, 2018
Expand our team with new specialists team members from various fields.
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Frank Amato, former JPMorgan Executive Director, joined our team to assist in Stakenet DEX development. We also recruited specialists from various fields to work on executing our XSN Hardware development (please refer to our 2019 roadmap), and investigating the realm of integrating biometric data on the blockchain.
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31 June, 2018
Stakenet (XSN) updated website launch.
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The new Stakenet website is released, replacing the old https://xsncoin.io. With an updated roadmap, more information regarding the Stakenet ecosystem, a dedicated XSN currency page and an extensive FAQ section.
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31 June, 2018
Stakenet Cloud is released, featuring Staking and Masternode services.
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Stakenet Cloud is a centralized application where we (Stakenet.io website) offer blockchain services, designed to grant a better and easier experience for XSN users, thus helping with adoption. Please note that Stakenet Cloud is not Stakenet, and has nothing to do with its decentralized ecosystem and dApps. Featuring wallets that automatically stake PoS coins in a pool (even users with a low amount of coins can receive dozens of rewards daily), Masternodes-as-a-Service (a trustless Masternode hosting solution), Monitoring services for Masternodes, an ROI Calculator, et cetera... Fees collected are used towards Stakenet Cloud further developments and maintenance.
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August 1, 2018
SegWit is an implementation in the transaction format in the blockchain architecture, which is fundamental for the Stakenet ecosystem.
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Segregated Witness, so-called SegWit, is the name used for an implemented soft fork change in the transaction format of our blockchain architecture, to include a variety of functions. Most of them focus on improved scalability, extra security and more effective usage of resources and network capacities. Furthermore, SegWit includes useful protocol changes to benefit hardware wallets and it is the smallest common denominator for any cross-chain communication in our ecosystem.
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August 1, 2018
Lightning is a decentralized network between nodes which uses smart contract functionality in the blockchain to enable instant and nearly zero fee payments between all participants.
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The Lightning Network is a second layer solution to enable intra and inter off-chain transactions, and is expected to be a game changer in the evolution of cryptocurrencies. Lightning provides instant payments across the entire blockchain without any limitations caused by the block confirmation times. Furthermore, the Lightning Network can process of millions to billions of transactions per second by nearly zero fees. Finally, Lightning allows the execution of trustless exchanges between different blockchains if both chains are connected to it, as it is a compatible second layer protocol. We are the first ones to build a complete DEX based on Lightning Swaps.
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August 1, 2018
Since Stakenet is a code fork of Bitcoin, we aim to implement useful Bitcoin.core updates into our blockchain architecture as well. Therefore, we decided to update our codebase to the current BTC 0.16.1 core.
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Stakenet uses some basic characteristics of Bitcoin and Dash, which are adjusted for the needs of XSN. With the updated codebase to BTC 0.16.1, Stakenet uses the most popular blockchain architecture, and can adopt or modify any new achievement of the Bitcoin development without any effort and without threatening its own inventions, like Trustless Proof of Stake. The main advantages of the current codebase update to BTC 0.16.1 are the utilization of all SegWit and Lightning Network benefits.
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September, 2018
Lightning Swaps are the solution to trustlessly trade coins between different blockchains instantly and limitless.
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Lightning Network Cross-Chain Atomic Swaps are the trustless swaps of cryptocurrencies between different blockchains using Lightning Network. This will empower the Stakenet blockchain to trade XSN, BTC, LTC, and all Lightning compatible coins, instantly, and with potentially unlimited trades per second. This feature will eventually be an in-wallet solution and is the beginning of Stakenet DEX. As Lightning Swaps are instant, practically fee-less, and infinitely scalable, achieving the user experience of a centralized exchange is possible. This is something no other DEX out there can say currently.
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New Proof of Stake coins added to Stakenet Cloud staking pools.
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Stakenet Cloud team is making progress on adding more coins to the pooling staking services, allowing more people to benefit from staking any coin.
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November 11, 2018
We set up and maintain your Masternodes while you remain in full control of your coins.
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Masternodes-as-a-Service is a trustless Masternode hosting service, meaning our users will own the private keys at all times and the coins will not leave their local controller wallets. Fees for MNaaS will be paid in XSN. Our Masternode hosting service will have servers distributed all around the world in different datacenters to ensure geo-redundancy.
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Add XSN to Ledger Nano hardware wallets.
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Add XSN to Trezor hardware wallet.
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The foundation of Stakenet DEX, allowing users to swap Lightning-enabled coins instantly with one click of a button.
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Stakenet will create crypto’s first truly decentralized cryptocurrency exchange run entirely by Masternodes. By doing so, Stakenet DEX cannot be shut down by any third party, which makes it so unique. Stakenet DEX will focus on usability, enabling even people who are not familiar with cryptocurrencies to trustlessly perform cryptocurrency swaps without the need of dealing with complicated wallets or any additional technical requirements. Furthermore, Stakenet DEX is the first Lightning DEX, as it will work by utilizing Lightning Swaps, not common on-chain Atomic Swaps as most other DEX do. Lightning Swaps are instant, practically fee-less, and infinitely scalable - achieving the user experience of a centralized exchange is possible. This is something no other true DEX out there can currently say.
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Private exchange of assets using Lightning Network routing technology.
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In wallet TOR functionality ensures full protection and privacy for Stakenet users when using the Stakenet Wallet and trading on Stakenet DEX.
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Stakenet Wallet is enabled to pull necessary updates from the XSN Core team repository with a single click solution.
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An optional auto-update system for our users, that allow our Stakenet Wallet to pull the core team updates automatically. Stakenet will secure this auto-update system with state-of-the-art technology to ensure stability, reliability, and to protect from malicious updates and man-in-the-middle attacks.
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Easily manage lightning channels, sending, and receiving, all in one place using our built-in lightning manager. Allowing easy access to all lightning features from our one-click light wallet interface.
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Once One-click Lightning Swaps are stable, Stakenet DEX will expand to a pro-trader interface where users can submit advanced order types, while remaining at complete control of their funds.
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Launch of public API for Stakenet DEX, allowing for third party bots and automated trading.
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Our aggregator will make Stakenet DEX more efficient by reducing spreads and exchange rates differences, while also increasing its liquidity.
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As other networks build and launch decentralized exchanges, we find it in our best interest to also provide toolkits and portals into not only our DEX but others as well, providing the best liquidity and exchange rates to our users. Our arbitrage algorithms will make Stakenet DEX more efficient.
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Enable cold staking directly from a Trezor hardware wallet by using our invention TPoS.
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Users can stake their XSN while holding them in a cold hardware wallet like Trezor. Furthermore, once Cross-Chain Proof of Stake (CCPoS) is enabled, users will be able to stake from and receive the rewards directly to their hardware wallets in the coin they desire. That is, you can hold XSN in a Ledger Nano or Trezor, and receive Bitcoin as the staking rewards in return, directly to it. No intermediaries involved.
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Stakenet Wallet is a non-custodial multi-currency light wallet that features our own Stakenet DEX. Allowing users to send, receive, and the eventual exchange of funds over Lightning Network; without needing to download full blockchains.
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By allowing our network to hold databases and run full nodes of multiple chains, we will be able to securely send, receive, and confirm transactions on separate chains from our own. These third-party chains will be held on our second layer, which will communicate with first layer nodes, allowing our users to hold and exchange multiple coins in one place – the Stakenet Wallet.
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Beta
Public launch of the Stakenet DEX.
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At launch, the Stakenet DEX HUB network will start small, with some restrictions in place for final testing and to ensure security. Stakenet DEX HUBs act as routers, even if only one exists, funds remain in users' wallet at all times. Stakenet DEX and orderbook will be live supporting fully decentralized P2P Layer 2 trades.
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Our vamped up explorer, including key analytics related to staking, TPoS, and Masternodes. As well as a Calculator, Governance page, Trezor Wallet, an integrated web app of the Stakenet Wallet, and much more.
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Connext will allow Ethereum (ETH) and all ETH tokens to be traded on Stakenet DEX.
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Users will be able to trade ETH and any Ethereum ERC-20 token, these include stablecoins such as DAI, FTT and its tokens for leveraged trades, any DeFi token, and more.
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Lightning Network will allow Bitcoin (BTC) to be traded on Stakenet DEX.
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With a browser node extension, the Stakenet DEX will also work on browsers and mobile phones.
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In wallet support for balance display, send and receive Ethereum and ERC20 tokens.
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Enable taker pays maker (negative) fee model.
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With every trade, there is a Maker and a Taker. The Maker provides liquidity via limit buy/sell orders to the orderbook, and the Taker is the person market buying/selling into them. This will support the Stakenet DEX liquidity and assist in growing to scale.
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A simple and easy-to-use interface for trading L2 assets. Input your trade amount, click “swap” and the software will manage all L2 state channel openings, closing, and swaps.
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Hydra nodes will represent the on-chain DAO, whereas the foundation & legal entity will represent the off-chain DAO. This would mean the foundation has the ability (but not the requirement) to protect and represent on-chain participants so long as nothing illegal is occurring.
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A bridge aggregator searches for the best rates on available bridging services and offers a route to that bridge as a service. It helps to ensure the best price on your transaction and in return for that service, charges a small fee. Example, a user wants to bridge USDC from Ethereum to Arbitrum. There are multiple bridges between those functions, and the aggregator pings each one looking for all available bridges. The aggregator then gives you the options and allows you to choose the cheapest/fastest/preferred bridge service, and routes your funds through it for you.
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A graphic user interface, so every Hydra node owner can easily vote via smart contracts and create proposals. The testnet is now complete and will be released after the chainswap to mainnet.
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Easily run AMMs and ARB strategies with the push of a button.
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A simple and easy-to-use interface where users can run the strategies with a simple UI and or the push of a button. Up till now banking, trading, and investment firms have had a monopoly on arbitrage and market-making, with a very high barrier to entry being required. Vortex will give the everyday users the tools and ability to compete and disrupt the entire finance industry. We see this as an important target as it effectively decentralizes the current multi-trillion dollar automated trading industry.
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A series of planned network upgrades will be implemented to prepare for the third stage, Hydra. Once passed to the XSN DAO (voted by XSN Masternodes), Hydra will maintain the infrastructure and governance of the matching engine and liquidity behind the DEX.
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With the chainswap, we will become EVM compatible, and therefore be able to develop much faster, be more available (eg at Metamask), and also can easily plug into DeFi.
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To enable scaling on our new chain, we are working to implement Arbitrum.
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Stakenet DEX will have multi HUBs and expanded network. It will allow for redundancy for uptimes and greater liquidity.
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Excalibur is our open-source private key management and storage software.
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Excalibur is based on Trezor's reputable and well audited open-source code.
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CCPoS is a technology to empower XSN holders to stake XSN and receive rewards in any other coin.
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Another XSN innovation under development is CCPoS. With this technology, we aim to enable users to stake XSN and receive rewards in any other coin. Herewith, individuals will be enabled with the flexibility to switch rewards on the fly to that new “hot coin” if they so desire. For example, XSN holders are empowered to stake XSN and get rewarded in Bitcoin, Litecoin, or Dash.
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Empower XSN Masternodes to manage and verify swaps between different blockchains.
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Our second layer will trustlessly handle Cross-Chain Lightning Swaps utilizing Masternodes Quorums. As of now, a human or merchant is needed to set up the required payment channels for trustless swaps between different peers. With Stakenet DEX, this will be done autonomously by the network with no human needed.
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The final phase, the network is offlodaded to XSN HYDRA Nodes, running on top of the Stakenet blockchain for a global unstoppable network.
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With spontaneous payments, you can send a Lightning Network payment to a destination without first needing to have an invoice.
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Lightning Network spontaneous payments immensely improves the user experience, allowing users to explore new use cases. These payments can also carry additional application-specific data such as an account ID, API call, et cetera...
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Cross-Chain Decentralized Application running on XSN Masternodes layer, which enables us and third parties to develop powerful tools and services in and for Stakenet.
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With cross-chain interoperability, Stakenet can host other chains, allowing them to add new features and applications without the dreaded fork. The backend code of these dApps will be running on the Stakenet peer-to-peer network, while the dApps frontend code and user interface can be written in any language that can make calls to the backend. Using Stakenet’s unique combination of a Masternode network and hardware devices, developers can create powerful dApps, such as our Stakenet DEX.
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Support for Masternodes CPU and Database as a service.
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The public will be able to connect to our Masternode's network and obtain CPU/ DB resources in exchange for a fee in XSN.
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TOR services provided by XSN Masternode's network.
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The current issue with TOR is there isn't any cost to set up relay and exit nodes - central organizations can set these en masse and compromise privacy. TOR on XSN Masternode's network will require collateral to run relay and exit nodes, making it difficult to compromise, thus being more secure than the current model.
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Require XSN Masternodes to run watchtowers on XSN Lightning Network.
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A watchtower is a third-party lightning node, that can detect if a dishonest party attempts to steal funds and then broadcast a justice transaction, sending the funds back to the honest party, even when the honest node is offline. Watchtowers are a large improvement in Lightning Network security.
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Please do not rely on this information when making financial decisions. The roadmap and its information above is shared in order to outline some of the current plans and best estimates for Stakenet. Please note this page is for INFORMATIONAL PURPOSES ONLY, and does not serve as a binding commitment.
Ultimately, the development, release, and timing of any feature(s) or functionality are subject to change as agreed upon the developers and/or the community. As pioneers and first movers in the cryptocurrency industry, delays will inevitably occur. Expect milestones to be pushed back or forward.
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