HomeCoinsStakenet (XSN)Stakenet: Monthly Recap — September | by Stakenet Team | Stakenet (XSN)...

Stakenet: Monthly Recap — September | by Stakenet Team | Stakenet (XSN) | Sep, 2021

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Here’s a great post from s54 on more detail why we chose rollups:

“Rollups are great for the EVM ecosystem overall, as I feel the benefits of sharding/side chains are not worth the security trade-offs, especially with current bridging solution complications. Rollups allow for more direct leveraging of L1 security benefits while also offering many of the same cost benefits of side chains — and the best part is that with increased adoption comes increased efficiency. So as Arbitrum scales the cost savings only get more attractive. I’ll also say that Arbitrum is a much preferable solution to optimism as it should incur fewer settlement disputes”

Additional info here: From what we’ve seen, it’s quite easy for projects to start using Arbitrum. Many projects have already migrated and worked without problems. We intend to launch with off-chain channel management direct from L1 and then move to Arbitrum whenever it’s ready so we won’t have to delay anything (Connext devs will work on this). Depending on how congested the Ethereum network is when we launch, on-chain fees for moving funds off-chain may be high. We hope it will only be temporary as we eagerly await the implementation of rollups that should reduce ETH-centric fees by 10x on average.

Our team member JoPark has started a podcast format, in which he will talk in a bi-weekly recap about Bitcoin, off-chain networks like Lightning & Connext Network, and also discuss Stakenet DEX news.

We have released the first two episodes here:

Episode 1: https://spoti.fi/38MsIyf

Episode 2: https://spoti.fi/2XR52qL

RSS (for e.g. Apple Podcasts): https://anchor.fm/s/6a81d458/podcast/rss



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