Stakenet is a public blockchain with its native coin Stakenet (XSN) which is used to pay for all the services and products in the ecosystem. The mission of Stakenet is to form a 4rth generation blockchain mesh that incorporates every blockchain and their tokens created so far. The different chains act as one entity thus powering the payment mechanisms, run the autonomous vehicles, sign contracts instantly using different chains and so on. Stakenet uses Trustless Proof of Stake protocol which isShow more [+] also lightening network compatible. Stakenet is also developing a Cross-Chain Proof of Stake that will enable receiving the rewards in any cryptocurrency by staking XSN coins. Stakenet also offers a multicurrency wallet where the users can store or stake the coins to get the rewards. Stakenet also provides robust security because it is running on TOR network. The other features of Stakenet are high-speed transactions (millions of transactions per second), Low fee (negligible transaction cost), atomic swaps (Swap assets between different blockchains) and secure (due to TOR network and TPoS protocol).
Stakenet work on two types of nodes i.e Staking nodes and Masternodes. Staking nodes are responsible for validating the blockchain while a masternodes is a full node that provides several other services. To become a masternode a minimum of 15,000 XSN tokens are required to be staked. Both nodes are equally rewarded each with 45% of block rewards.
Stakenet was cofounded by Esteban, Shahab Behzadi and Nathan Faust. Esteban is the present director of operations, Shahab is the platform manager and Nathan is the community manager at Stakenet. There are 9 members as developer and designers. The active community members working on the project are 40. Stakenet has one advisor Frank Amato who is co-founder at Block 5
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