Ripio Credit Network RCN to Stakenet XSN Exchange

Crypto Pair Details: RCN to XSN

Ripio Credit Network RCN

Ripio Credit Network (RCN) is a global peer-to-peer credit network based on cosigned smart contracts that facilitates connections between lenders and borrowers across the world, on any currency. It enables people across the globe to access credit, and to provide loans. The RCN token is a typical ERC-20 token. This protocol has the smart contract technology embedded into the Ethereum blockchain which facilitates peer-to-peer lending without the hefty transaction fees that are charged in traditional banking processes. The RCN token functions at the core of the system. The inherent value of the token is directly correlated to the demand for its use in the network. Based in Argentina, Latin America, Ripio was launched at the TechCrunch Disrupt in May 2016. Sebastian Serrano, founder and CEO of the Ripio Credit Network is a technology enthusiast. He along with his team of technology experts, analysts and developers have designed an impressive concept along with the website, whitepaper and its implementation within the last 2 years. The team comprises of David Garcia (SVP & Board Member), Eugenio Cocimano (Data Scientist), Antonio Ceraso (CTO & Lead Blockchain developer) and Agustin Aguilar (Smart Contracts Developer) among many others. Ripio started off with a primary objective - to democratize the digital economy in Latin America, by offering digital payment alternatives within everyone's reach in a region where 65% remain unbanked. The smart contract is an integral part of the underlying technology of the Ripio Credit Network. It is generated by the Wallet Provider and executed when it is matched by the Credit Exchange. This smart contract contains information like the relevant credit terms, borrower obligations, events of default along with the signatures or verifications from all other agents. RCN tokens facilitate interaction with the smart contracts among different agents within the RCN. Every credit flow starts when the Borrower makes a credit request. The Borrower performs the request from its Wallet Provider, which has already integrated into the RCN protocol. Post this, the Borrower waits for an approval before any further action can be performed.

Stakenet XSN

Stakenet launched in March of 2018 by building off of a POSWallet (POSW) to Stakenet (XSN) coin swap. The Stakenet blockchain was created from the swap and is a modified blockchain based on Bitcoin. POSWallet was the original incarnation of Stakenet and offered a staking wallet that served over 100 of the most popular and common cryptocurrencies. The complete number of POSW coins in distribution grew to 250 million, so the developers burned coins from their wallet to lower the circulation to 70 million. Unfortunately, the website for the POSWallet was hacked, resulting in the team leaving the project. Instead of completely abandoning it, the developers rebuilt the blockchain from the ground up with better features and have now migrated POSW to the superior XSN. The digital coin that powers the Stakenet platform is XSN. It features completely secure Trustless Proof of Stake and is compatible with the Lightning Network, which allows for instant transactions with little to no fees associated with them. XSN will be used to pay for any services on the platform. It can interact with other coins, which will make for many amazing opportunities for investors utilizing the program. For example, by using the platform’s Cross Chain Proof of Stake, holders can stake XSN and earn Bitcoin rewards. Users will also be able to pay anyone using any cryptocurrency just by having XSN. The coin will offer incredible flexibility in the way that it interacts with other cryptocurrencies.

SOURCE: COINGECKO

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