What is StakeNet?
In fact as it is, the network takes pride as the first TPoS network in the world leveraging on Bitcoin’s secure blockchain. With TPoS, Stakenet users can easily stake their coins in various hardware wallets as Ledger or even Trezor. So far, cold staking is the only safe way of ensuring coin security. Stakenet purposes to have an innovative blockchain that is fast and private using master nodes and secure algorithms.
Using TPoS and Master nodes, Stakenet remains fully decentralized and secure to transact with. Stakenet master nodes for example allows for network improving services that allows instantaneous settlement, enables DEXs and decentralized governance for the benefit of the user. This is on top of cross-chain capabilities, Atomic Swaps and implementation of Lightning Network protocol thanks to the underlying Bitcoin blockchain.
In real sense, TPoS is an innovative consensus algorithm that makes use of Merchant Nodes which in reality allows transaction validation with the user riding on the merchant bandwidth without revealing coin balance or private keys. It’s purely trustless and profitable for merchants while boosting XSN liquidity.