Intro

In the last five articles, we went into great detail on the differences between centralized (CEXs) and decentralized exchanges(DEXs), on-chain (or, “Layer 1”) atomic swaps, off-chain (“Layer 2”) scaling solutions including the Lightning Network and Connext, how Stakenet bridges different blockchains and their uniquely different scaling solutions together at a code-agnostic “Layer 3” to achieve fluid interoperability across chains.

Also how Stakenet DEX utilizes all this to provide the world’s first decentralized, instantaneous, high-frequency cross-chain trading environment that beats centralized exchanges in performance and incentive. In this (most likely) final article, we will reflect on our blockchain’s past and where…


Last month we started to cover a selection of the news around Stakenet and a lot has happened in May 2021, so let’s begin this month’s throwback!

Stakenet’s vision

We released a further two articles of our educational series “Stakenet’s vision”. Thanks again to all the motivated community members who helped to collect a lot of information on different aspects. Check out the different topics we have covered below.

Part 4:

In this part, we took a closer look at atomic and lightning swaps and why we chose the off-chain solution.

Part 5:

The fifth article of the instalment covers more details and benefits of the…


1. What is an automated market maker (AMM)?

Initially proposed by Vitalik Buterin in a Reddit post, market making is simply the process of creating volume on an exchange by placing both buy and sell orders at a given price and profiting from the spread. AMMs, short for automated market makers, simply automate this process. This refers to any type of market maker feature that is automated.

The term became especially known with Uniswap’s success — Uniswap & other similar Liquidity Providers (LPs) DEXs require AMMs because they algorithmically determine the price based on the balance of pooled liquidity.

Why do AMMs exist?

Bot trading/market making is a feature of many CEXs…


Welcome to part 5 of the Stakenet’s vision series! In the last article, we talked about Atomic swaps and why we believe Lightning swaps are superior. Today we will take a deep dive into the benefits of Stakenet’s DEX.

Currently, the blockchain industry is struggling to cope with heavily congested networks, causing transaction/gas fees to rise to astronomical levels and making trading very expensive. This is where Stakenet offers a solution. The Stakenet DEX perfectly combines the strengths of Bitcoin & Lightning Network with ideas of its own.

Stakenet DEX

Stakenet has developed a true next-generation DEX that solves many of the…


In the previous article, we discussed the Lightning Network and explained why we believe it to be the best scaling solution for Bitcoin and other coins. In this article we will go into more detail on how the Lightning Network allows decentralised exchanges, which have seen a surge in interest and adoption throughout 2020 and 2021, in providing high-frequency cross-chain trading on a massive scale. To elaborate, we must first explain the difference between Lightning atomic swaps and traditional atomic swaps, which is the technology behind current DEXs.

What are Atomic Swaps (on-chain swaps)?

In simple terms, an atomic swap is a way to exchange different…


Starting this month we will cover a selection of the news around Stakenet from the past month. A lot has happened in April 2021, so let’s begin this throwback!

Stakenet’s vision:

We have released the first three articles of our educational series “Stakenet’s vision”. Thanks to all the motivated community members who helped to collect a lot of information on different aspects. Check out the different topics we have covered below.

Part 1:

We have started with chapter one, answering questions like: “What are DEXs? Why are DEXs necessary? Do CEXs have any advantages over DEXs?”

Part 2:

In this article, we talk about different layers…


As development of the Stakenet Web Dex is making progress, we wanted to give you an update on the user experience you can expect when interacting with the dex. In order to interact with the Stakenet Web DEX architecture, you will need to have a Layer 2 wallet connected to the hubs. A Layer 2 Wallet has a few key differences from a Layer 1 Wallet, so make sure to read the following explanations:

A Layer 2 wallet exists as a combination of a multisig smart contract deployed to an EVM chain, and a set of state channel connections to…


As we make great strides through our current Roadmap, we have now updated the progress percentage for each item within it.

Stakenet Wallet

  • ETH + ERC20 token support | 85% -> 90% Our team has integrated connext into our light wallet allowing users to deposit and withdraw ETH and ERC-20’s. Currently we are finalizing the channel opening and closing functionality and then will be testing swaps from the light wallet/DEX interface. (We have already run successful stress tests of this functionality using the daemon).
  • Simple Swap UI (SSUI) | 80% -> 90% Our SSUI will continue to be optimized in closed beta…


Developers and team have been hard at work the past month working on integration of Connext into our Multi-currency Light Wallet, executing USDT-BTC stress tests, development of a web DEX interface and other key points which bring us closer to our key targets ahead. Find out more below!

Connext Integration Update

We have successfully integrated the Connext browser node into Light Wallet. This means that users can now access ETH Layer 2 (L2) without the need to download any dependencies and brings the Stakenet DEX another step closer to an easily accessible and low friction UX.

Combining the power of Connext with the…


Stakenet is proud to announce we have joined the Cryptocurrency Open Patent Alliance as the 19th member. We believe that cryptocurrency innovation should not be stifled by patents limiting its potential to create real change in the world.

As some of you may be aware we have already been hit with what we believe is a patent placed on research we had been working on by a large company. We published our research on a system we called Exertive Proof Of Stake (EPOS) which used human body activity to mine cryptocurrency. Two days after we published our article someone on…

Stakenet Team

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