After successfull swap to XSN from POSW (PosWallet), StakeNet ramps up and increased their development pace on Trustless Proof of Stake (TPOS) and Cross Chain Proof of Stake (CCPoS) technology which are the first and unique in the blockchain world. Now, I would like to list you one an investor should support and invest on this project.
Reason 1: Trustless Proof of Stake (TPOS)
TPOS is an innovative way of “no need to trust”. TPoS essentially allows differing degrees of access to a given asset. In our case the owner of XSN will be able to allow 3rd parties to perform actions with their coins (staking) however they will be limited to this designated action and nothing else. This could apply to everything from the sharing economy to general security. If someone wants to rent an apartment the owner can allow the customer access into their front door but deny access to their bedroom door, allow access to drive a car but limit access to open the hood and tinker with the engine etc.
Therefore, TPOS technology can be used and leveraged in all industry, not only wallet staking.
Trustless PoS essentially allows users to own a stake in XSN, and have merchants do the staking for them using their high-bandwidth continuous connectivity (to ensure maximal rewards distribution) while not having to share any spendable balance or private keys with the merchant. Your funds are yours and yours alone, and will safely and securely grow over time even while you sleep.
Reason 2: TPoS Staking from your Ledger Nano S Wallet
In StakeNet security and rewards from stakes are the first priority, because of their lifetime contract with Ledger Nano, one can easily store their investments and they could stake will they are in cold storage / cold staking mode with merchants.
Reason 3: Dynamic — Talented Team and Strong Community
International team from all over the technical capabilities and strong community all over the world to support this projects. Although, StakeNet started swap process from POSW just two months ago, there are more than eight thousand people to follow them on their twitter announcement page.
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