Stakenet: A cryptocurrency with a difference.
Based on my research on stakenet, stakenet holds a promising future because of all that is being put in place to ensure the security of crypto assets of investors.
Stakenet has the aim to make their investors feel secured with their crypto asset and to trade with ease and to make profits even with small resources. In this article am going to carry you along on stakenet’ s features: staking, projects, network, treasury, governance and the team in stakenet.
What is stakenet?
Stakenet is a trustless profit driven economy that makes crypto assets easily assessable and safe for everyone by developing certain products to make working with crypto assets easy.
It’s mission
Ø It is created to provide secure inter/crosschain economy for crypto assets
Ø Its aims to make staking easy and simple
Ø It aims to improve coin staking by introducing trustless proof of stake which enables users to stake offline and perform some other functions.
What is staking?
Staking is a reward you get for keeping coins in an open wallet and also running a node. It can also be said to be time based because one can also get rewarded for the amount of time used up.
Projects
There are two projects stakenet put in place. One has already been released while the other is still under development.
New generation coin staking
New set of staking tools have been created to help in new generation coin staking .these includes the following:
Multi-currency wallets: this helps you hold and earn staking rewards without using different digital wallets.
Ø This saves you the stress of maintaining different wallets;
Ø It also saves you the time you will waste in managing all different wallets.
Pooled staking: this tool enhances your coin to stake on its own and even faster than when you stake it locally thereby helping you to end up with more coin.
It has made altcoin staking simple because it helps to
Ø Manage stakes
Ø Update wallets
Ø Monitor security and perform some other functions.
· Pooled masternodes: this tool helps users who cannot afford to buy the 1000 dash required to run a masternode pool their resources together to accumulatetively meet the 1000 dash requirement of a masternode thereby dividing the masternode reward and shares between the users.
· Masternodes as a service: these are services in place to help you set up your masternodes or to help you to troubleshoot your existing masternode due to errors thereby helping you to be in control of your coins protecting your coins against theft.
· Tpos marketplace: this is a platform where you can get a merchant to stake trustlessly for you. Whereby the merchant can only stake for you but cannot move funds out of the trustless proof of stake address. Only you can move funds out of the Tpos at any time during and throughout the staking process.
Ø With this you will be in control of the funds
Ø Your funds are secured
Ø And you will get 45%of the block reward for leaving your nodes online
ü Monitoring services: it helps to keep an eye on your masternodes and merchanodes. It detects and alerts you if there is any issue that needs urgent attention.
Decentralized stakenet exchange (in progress)
Stakenet is planning to create a decentralized crypto currencies exchange that will be controlled by masternodes. These masternodes will be rewarded with trading fees. This way the masternodes will run the network and cannot be shut down by any third party or stakenet itself.
Stakenet network
There are two types node in the stakenet blockchain.
Ø Staking Nodes: This validates the stakenet network and also secures it. With stake nodes you can be staker irrespective of the amount of coin you hold.
Ø Masternodes: these are full nodes or specialized nodes that motivate node operators to the core consensus functions of running a blockchain.
ü These enables participating owners to participate in voting and governance
ü It helps to increase privacy in transaction
ü It also enhances high-end network services
Treasury
This is a form of confidential public address keeps funds set aside for some important purpose by the network.
ü It is set aside to Fund stakenet projects, business plans campaigns etc.
ü It is not owned by a anyone but it is for the benefit of everyone
ü No one as authority over the treasury
Governance
Stakenet is headed by nobody meaning it has no centralized leader, but instead a management mechanism was created to attend to the needs of all investors involved. It also legalizes offers made by the community.
The incredible team
Stakenet has an incredible team consisting of developers. Every member of this team has tried to put in all their best and is still putting in their best to make the stakenet ecosystem the best. With this great team I see stakenet in the next few years widely accepted all over the world. They have been working on achieving the objectives of stakenet without backing down on any. In a short space of time they have been able to bring about an incredible technology system that beats some other projects.