Review on Stakenet by Toprak Dere
About Stakenet
Stakenet is an open source Lightning Network platform for decentralized applications (dApps). Stakanet promises its users to be able to make instant and unlimited transactions without any transaction fees. According to the developers of the project, next to LTC and BTC, Lightning is called the first platform to make a swap.
XSN can take part in trading and exchange transactions on crypto money exchanges, can be exchanged with other cryptocurrencies and stored in the crypto money wallet. Transfer between wallets is done quickly and without time restrictions.
XSN is a cryptocurrency that gives its users an advantage when it comes to staking transactions. Looking between January 2020 and January 2021, it has achieved a 10-fold gain in price. XSN witnessed a doubling in value within a week after the developments at the beginning of the year. Today, it is traded on the lists of crypto money exchanges, depending on its ability to remain in altcoins without melting and its acceptance image on its platform.
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Pros
- XSN advantages include the ability to stake in Stakenet, where it is a local crypto currency, and to be used simultaneously for trading and clearing on crypto money exchanges.
- Another advantage that XSN offers is fast processing. It is sent quickly when transferring between wallets. As with all cryptocurrencies, there is no working hour restriction or geographic restriction for the transfer transaction. The person transfers XSN from his / her crypto money wallet to the wallet on the other side of the world in a short time.
- People who accumulate XSN in their wallet and lock them in earn interest.
Cons
- Although it is not considered a disadvantage, it is an altcoin option that appeals to the investor audience who are aiming to gain high profits in a short time with BTC. When considering the BTC price movement, the chance of high return in the shortest term and the risk increases, while the opportunity to obtain a more effective return in the medium term with altcoins and to make a profit with investment based on instant price monitoring in the short term is more important.
