Stakenet.




General

Extract from the light paper

Abstract: Stakenet is a decentralized platform for an interchain economy, without a relationship of trust towards another person. It is supported by a Proof of Stake blockchain with Lightning Network, Masternodes and dApps. The use case is to provide a highly secure cross-chain platform for cryptocurrencies on which individuals can easily work with any blockchain by simply using Stakenet and its native currency XSN.

Jonathan Park in Stakenet Whitepaper 2019




Podcast

The Off the Chain series by Jo Park on Spotify

Jo talks about last week's events from Bitcoin (Lightning) and Stakenet. Enjoy. It's definitely worth it!

Spotify:

1 Intro
2 Bitcoin and Lightning Network news:
- Vulcano mining in El Salvador:
- More people using Bitcoin and Lightning than Bank accounts in El Salvador:
- Bitcoin mining companies (Marathon, 8hut, Riot, etc) are hodling BTC:
- Crypto safe harbor law allows America-based crypto startups to control their token infrastructure
- China is considering the further restriction of investment in crypto mining:
- Brazil is taking steps to regulate crypto exchanges
- LN breaks +3000 BTC (in public nodes):
3 Stakenet news:
- Update on ETH BTC swaps
- improving the UI DEX & UX
- Comfycast x Stakenet banner:
4 Outro

Spotify:

1 Intro

2 Bitcoin and Lightning Network news:
- El Salavador: Starbucks, McDonald's etc. accept Lightning payments & > 1.6 Million user onboarded ()
- Paxful adds Lightning Network ()
- LN breaks +2800 BTC (in public nodes) ( )
- Connext will add Arbitrum: getting off-chain will become x10 cheaper (see Stakenet Ann channel)
- Arbitrum and Solana crashed => eg Serum DEX wasn't usable for ~ 17 hours ()
- Twitter adds Lightning payments ()
- Rene Pickhardt gets grant from Bitmex ()
- Useful newsletter: Coingecko (daily), Kraken (daily), Bitcoin op-tech (weekly), Lightning labs (monthly)

3 Stakenet news:
- Hydra smart contracts proposal
- DEX proposal
- Stakenet DEX feature: fees (no gas fees, failed trades, no frontrunning, read more here Stakenet Vision V )

4 Outro

Spotify:

1st: Intro Welcome to "Off The Chain", a crypto podcast about Bitcoin, off-chain networks like the Lightning Network and their implementation(s).

2nd: BTC and LN News

- El Salvador is introducing BTC as legal tender today (In Global First, El Salvador Adopts Bitcoin as Currency - The New York Times (nytimes.com))
- Blockstream will start producing mining hardware (Blockstream Raises $210M, Acquires Mining Chip Manufacturer Spondoolies (yahoo.com))
- Twitter CEO will build a Bitcoin DEX (Twitter CEO Jack Dorsey reveals efforts to build a Bitcoin-Centric DEX. - Coinnounce)
- LN capacity is on ATH (1ML - Lightning Network Search and Analysis Engine - Bitcoin mainnet)

3rd: Stakenet News - Stakenet DEX: Closed beta progress

4th: Outro - Any feedback is welcome!



*This only reflects the personal opinion of the speakers and does not serve as financial or investment advice*



Blogs

All medium articles

All medium blogs are linked here, the guides for MN and Staking are linked on the respective topic page. All rights are held by Stakenet and the authors.

Date Link Title

General information about Stakenet

Jan 20, 2022 en Stakenet: 2021 Recap
Dec 08, 2021 en Stakenet, Lightning, Connext & more
Dec 03, 2021 en Stakenet: Community AMA with Spiral
Dec 03, 2021 en Stakenet: Monthly Recap — November
Jun 09, 2021 en Stakenet’s vision: Part VI — The future of trading
May 05, 2021 en Stakenet’s vision: Part V — The Stakenet DEX
Apr 27, 2021 en Stakenet’s vision: Part IV — Atomic vs Lightning swaps
Apr 13, 2021 en Stakenet’s vision: Part III — The Lightning Network
Apr 06, 2021 en Stakenet’s vision: Part II —Breaking down the layers — Layer 1, Layer 2, and Layer 3
Mar 29, 2021 en Stakenet’s vision: Part I — DEX vs CEX
Dec 29, 2020 en Stakenet AMA - Part III
Dec 21, 2020 en Stakenet AMA - Part II
Dec 17, 2020 en Stakenet AMA - Part I
Dec 02, 2020 en Ethereum Scalability Solutions, Connext and Stakenet | XSN Research
Aug 06, 2020 en Layer 2 vs Sidechains | XSN Research
Jul 26, 2020 en XSN ⚡️DEX ARCHITECTURE
Sep 24, 2019 en Blockchain Scalability Solutions: Lightning Network and Sharding
Jul 18, 2019 en Stakenet Light Paper
Jun 01, 2019 en Stakenet: A Peer-to-Peer Interchain Economy (Whitepaper)
Apr 03, 2019 en XSN Masternode Network
Mar 05, 2019 en A Year of Stakenet
Dec 10, 2018 en Masternodes-as-a-Service — The Stakenet Way
Nov 21, 2018 en Multi-Currency Wallet and Lightning Swaps — Stakenet Solution

Stakenet Wallet

May 31, 2021 en XSN Mandatory Wallet Update V1.0.28–31 May 2021
Apr 17, 2021 en The Stakenet Layer 2 Wallet
Sep 18, 2020 en XSN Mandatory Wallet Update V1.0.22–8 October 2020
Sep 06, 2019 en Stakenet Wallet — Multi-Currency, Masternodes, Lightning Network, DEX, TOR and more
Jun 20, 2019 en XSN Mandatory Wallet Update — June 2019
Apr 09, 2019 en Trustless Proof of Stake (TPoS), Wallet Staking and Pooled Staking
Apr 03, 2019 en XSN Masternode Network
May 05, 2018 en Cold-Staking | TPoS vs LPoS vs DPoS

Stakenet DEX

Dec 10, 2021 en Stakenet DEX: Beta Release
Dec 09, 2021 en Stakenet DEX — Short Guide
Dec 09, 2021 en Stakenet DEX — Detailed Guide
Dec 09, 2021 en Temporary Workarounds
Dec 09, 2021 en Stakenet DEX — FAQ
Nov 21, 2021 en BTC Liquidity Benefits on the Stakenet DEX
May 18, 2021 en Stakenet DEX: AMM UI
Feb 22, 2021 en Stakenet | DEX — Usecase & Strategy Overview
Jan 27, 2021 en HYDRA DEX | Network Upgrade (Proposal)
Aug 27, 2020 en Stakenet ⚡️Wallet | Update AUG 28 2020
Jun 27, 2020 en Stakenet DEX — Fee Structure
Jun 24, 2020 en Stakenet DEX — Multi-Exchange Trades

Monthly Recaps, DEV-Updates & Core-Updates

Oct 29, 2021 en Stakenet: Monthly Recap — October
Sep 30, 2021 en Stakenet: Monthly Recap — September
Sep 01, 2021 en Stakenet: Monthly Recap - July & August
Jun 27, 2021 en Stakenet: Monthly Recap — June
May 27, 2021 en Stakenet: Monthly Recap — May
Apr 23, 2021 en Stakenet: Monthly Recap — April
Mar 21, 2021 en XSN CORE UPDATE | March 2021
Nov 20, 2020 en XSN Dev Update | NOV 20 2020
Nov 01, 2020 en XSN Dev Update | NOV 1 2020
Oct 31, 2020 en XSN Dev Update | Oct 13 2020
Sep 05, 2020 en XSN Dev Update | SEPT 05 2020
Aug 23, 2020 en XSN Dev Update | AUG 23 2020
Jul 20, 2020 en XSN Dev Ledger Update | JULY 20 2020
Jul 12, 2020 en XSN-Core Dev Update July 12 2020
May 25, 2020 en XSN DEV UPDATE MAY 26 2020
Mar 21, 2020 en XSN DEV UPDATE | MARCH 21 2020 + DEX LAUNCH
Apr 02, 2019 en March Development Update



Youtube

General videos of the Stakenet channel. Mainly guides are available there, these are also listed in the respective topics.


Date Link Title
01. November 2019 gb Stakenet (XSN) - What is Stakenet?
21. October 2018 gb Four Ways to Earn Passive Income with XSN
03. October 2018 gb Stakenet (XSN) - What is RSB and what does it mean?



Stakenet Foundation

On April 8th, 2021 it was announced that Stakenet had established a foundation.

On August 10th, 2021 the first draft of the Foundation statute appeared:

The original link as a Word document:





HSC: Hydra Smart Chain

So that the DEX (from level 2: Prometheus) can later be hosted on the individual MNs, the StakenetChain must be expanded. This happens with the Hydra Smart Chain (a fork of Ethereum). A media article should appear soon.

The Github repo with the first Testnet version has been published:

Github repo




Stakenet DEX

more info -> DEX




FAQ - frequently asked Questions

Who is the team behind Stakenet or X9?

The team behind X9 consists of the people listed here: X9-Developers. In addition, there are other (voluntary) people who are involved in the project.


Why is there no maximum amount of coins at XSN?

As with pretty much all POS-Coins (Proof of Stake) there is no maximum amount here either. This is due to the transaction costs that are burned with each transaction. If there were a maximum amount in such a system, it would be at some point the number of coins at 0. Of course, as with everything, there are advantages and disadvantages.


How is the block award divided?

The breakdown is as follows:

  • 45% / 9 XSN to Masternode
  • 45% / 9 XSN to Stakenode
  • 10% / 2 XSN for the treasury

However, the 2 XSN for the treasury are only written to the blockchain once the governance voting has been successfully coordinated.


What is the treasury?

The Treasury is a cryptographically sealed public address that contains funds that have been allocated to it by the network. At Stakenet, 10% of the block rewards go into it. It is used to support Stakenet further developments, new projects and such continue to finance.
There is also a long-term development fund for larger projects, partnerships, competitions, long-term marketing, major developments, etc. The treasury is used to cover all expenses before the long-term development fund is tapped.


What does "Burning" mean?

This means that XSN-Coins will be irrevocably "deleted". This is what happens with transaction costs.
There will be other mechanisms for this later that will permanently remove XSN.
A "burn address" is simply said, a created wallet whose public address is known and the private key has been deleted. Everything that is sent to this address is then considered burned / deleted.
This is one of these addresses: XmPe9BHRsmZeThtYF34YYjdnrjmcAUn8bC


What are the differences between a CoreWallet and a LightWallet?

These are different types of wallets that communicate differently with the blockchain.

CoreWallet: The biggest difference is that the complete blockchain is loaded and locally available in this wallet. This is also called a full node. In addition, all services such as masternode and stakenode are currently only available from this wallet.

LightWallet: As the name suggests, this wallet is slimmed down. It does not have the blockchain available locally and is dependent on other servers / full nodes. This saves storage space but gives up a bit of security. With these savings, Lightwallets also support in Usually several coins. The Stakenet DEX starts with BTC, LTC, XSN, ETH and theoretically all ERC-20 tokens.





Core Wallet

Where is the CoreWallet?

The CoreWallet can be downloaded from the following link: github.com/X9Developers/XSN/releases

This is currently available in version 1.0.28 for Windows (64Bit), Linux (32 / 63Bit) and for MacOS (64Bit).


Which version should you use at least?

Version 1.0.28 is strongly recommended with the important update from May 31st, 2021.


How much storage space does the wallet or blockchain require?

The blockchain needs about 3.3 GB of data on the hard drive.


How long does it take to synchronize with the CoreWallet?

That depends very much on the performance of the computer (CPU, RAM, HDD / SSD and up / down speed). With a powerful computer it is possible to synchronize in less than 2 hours. With the smallest VPS e.g. it can also take 10 hours and more. In these cases you can use a Bootstrap.dat This significantly reduces the time required.
There are various instructions for this:
Medium (Linux): Stakenet (XSN) — Setting up a Masternode at step 6 in the guide
Video instructions (Windows): Stakenet (XSN) Tutorial - How to Apply The Bootstrap .
The latest Bootstrap version is available here: Bootstrap.zip


What are the different addresses?

There are currently 3 types of addresses and these start with the following characters:

X
Legacy adresses.
Example: Xi1BEVHFRYg1QQfrNJF8L9yXvREAADxCLk
7
SegWit adresses.
Example: 7aJz2aDoP9UeZMyzAxVs6qfq5ZTEPCx2Z8
xc1
Native SegWit adresses
Example: xc1qm82zpjy4ysapdrfr3v7fzphc43q9u4sd20t3ud

How do I create receiving addresses?

To do this, you have to switch to the console in the open wallet (Tools tab -> Debug console)
To create SegWit addresses (starting with 7):

getnewaddress "description"

Then a new address should be output
For creating legacy addresses (starting with X on):

getnewaddress "description" "legacy"

Then a new address should be output.
You can then view all the received addresses created under File -> Receive addresses.


Why should you encrypt a wallet?

An unencrypted Wallet.dat is primarily an open file. As soon as a third party has the file, he has complete access to all the coins it contains. Therefore, you should encrypt them once with a secure password. And the password of course store carefully.

In this guide: Stakenet Cloud: Setting up a Masternode There is more information at point 2 " Encryption and backup "


Why make a backup?

Since a PC or hard drive can always be damaged, a secured wallet.dat is highly recommended. Of course, this should be copied with a closed wallet (if it is encrypted) and on another drive or save location.

In this guide Stakenet Cloud: Setting up a Masternode There is more information at point 2 " Encryption and backup "


Moving a wallet to another computer

You can simply copy the wallet.dat to another computer and open the wallet with this file. If you are running a Masternode or a TPOSnode, the corresponding .conf file should also be copied.