Stakenet Wallet - The Stakenet Wallet is a non-custodial multicurrency light wallet and the main interface to interact with for the cryptocurrency world. Mobile version of Stakenet Wallet Core Products By using our Masternode Network we solve all three of the main issues of Lightning Network in one by providing a huge, collateral backed, decentralized, trusted network which is perfect for Lightning Network. Stakenet has a network of over 2000 Masternodes at the time of writing, all of which are collateral backed with 15,000 XSN. Lightning Network is a great solution however it has its fair share of issues, the main criticisms being poor liquidity in the channels, lack of decentralisation and finding a way to incentivize WatchTowers. This is far more efficient than making lots of time consuming individual transactions and allows you to bundle them all together making it cost much less too. You open a channel and make all your transactions and then at the end when the channel closes it settles the balances to the chain. Lightning network is pretty much the same but on a much larger scale. A simple way to think about it is if you go to a bar and open up a tab, you get drinks all night and then at the end of the night you settle your tab in one transaction paying for all the drinks at once instead of paying for each drink individually throughout the night which would take much longer. Lightning Network is a scaling solution to solve the issues with Bitcoin and other assets to increase the speed and capacity of the network by making transactions “Off-Chain” without compromising the base layer security and decentralization. Unlike the vast majority of cryptocurrencies, Stakenet does not impose a brand new standard, but rather adhere to the existing BTC/LN protocol and existing smart contract solutions, which are both the present and future of the blockchain economy. All dApps will be powered by XSN Masternodes, which charge fees for the services they provide.

Stakenet supports the building of code-agnostic dApps on top of it, such as the XSN Dex.

This will allow you to access them all from one convenient location, our multicurrency wallet - Stakenet Wallet. Through tokenization we can also support non-native Lightning assets and blockchains such as the entirety of the EOS, Ethereum and Binance Chain networks.

As Lightning Network is an off-chain scaling solution in addition to being near instant and feeless it is also theoretically infinitely scalable so is ideal for our purposes. Using Lightning Network in addition to this it allows us to move across chains instantly for little to no fee. Our Masternodes will host all the various blockchains supported by the network as part of the interchain mesh. By using our Masternodes as service providers this ensures we have a robust, decentralized and flexible platform to build on. Masternodes in our network will be multi-function and host a wide range of services like our Lightning DEX as an example. To build an interchain economy you need to start with a solid foundation, for this foundation we use Masternodes.

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