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Blocknet just dipped below $1, which made me buy a few hundred more. Blocknet enhances the ETH network, makes it more decentralized through data, and oracles.
Who knows how high this project really can go.
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Bitcoin Diamond offers nothing new to the table. It's a BTC clone with no use case basically. Only reason you'd buy this is to speculate on the price to move. Blocknet is a great example of a project that could easily blow up, since they've got AMAZING tech on the way, which benefits the whole ETH network. 6 mio. circulating coins, $1/ coin. You do the math  |
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The lack of adoption of Lightning network is as a result to poor marketing, this is what Ethereum does better than any project in the space, I think the team think they only need to build the network and users would rush using it when there are many competing solutions in the space.
Adoption is lacking because there's no way to use the Lightning Network in an "easy" way. In other words any newbie in crypto wont be able to make use of it. Stakenet changes this, and makes the whole network extremely user friendly to use, which will undoubtfully make big waves in the crypto communities. |
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No I did not invest in any of these coins but I think I am gonna buy some Kyber . I heard it is a simple descentralized exchange that probably have a good future.
Blocknet is a good project as well, which I believe have the potential to 500x in price due to their heavy infrascture work on decentralized oracles, decentralized Infura data provider, their DEX which will be integrated in a multi currency wallet soon, for easy trading, among other cool things. ETH relies on Infura, which is a data provider. Infura is centralized, and prone to go down eventually. If Blocknet can get a piece of the "pie" and make this data source decentralized, the fees involved which is paid to masternode owners is gonna be massive. Which will catapult the main coin, BLOCK upwards for sure. |
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XSN's solution is capable of effectively solving the Lightning Network's current liquidity problems
How? With Masternodes? But they are centralized.. masternodes make the coin centralized i think you should explain me why masternodes make the coin centralized mate ? because i don't understand what you are talking about buddy He obviously don't have a clue what a masternode really is, let alone how Stakenet aims to solve some of the most important problems we've got in the crypto space right now. An INSTANT tradeable DEX. True. It's gonna be a game changer for sure. This video is a MUST see for anyone who hasn't yet seen the DEX in action: https://www.youtube.com/watch?v=wSNFhFBKmsc |
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ARB is a pretty good trading method and it only requires us to work hard to find exchanges with low prices. Stakenet does have users selling coins at a low price but the volume is very small. After clicking on the link and watching the video, I found that only a few people traded in very small quantities. Once bought, we can only buy from 4 - 6 $ and absolutely no available sell orders. So trading ARB is quite difficult when using stakenet. The team should promote marketing to gain more users and increase the volume of exchange.
When this is rolled out and released, you'll see WAY more volume. I actually predict that people are gonna love the speed of trading so much, that Stakenet will be among the top DEX's worldwide. Why? Because you can access all DEX order books from one single dApp. |
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Obviously you didn't do any research at all before sending your post, did you?  there are 400 pages to read, and it is much more difficult for me that I am not English / American. On the website I have not seen any declaration regarding the supply. CryptoBridget was also a DEX that you could download and have on your pc (if I'm not mistaken). Eventually they asked for KYC and immediately closed. The nice thing about this crypto I've seen is its distribution. Cryptobridge was never a TRUE DEX, which is why they "could" enforce KYC. If a DEX is based in a specific location where the feds demands the developers to enforce KYC, it's really not that decentralized anymore. Blocknet's DX isn't owned by anyone. It's ran by service nodes, which means it has no central location. Just like the internet we use today actually. |
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Alright, so after playing around with the DEX, and the Litewallet (it's in Beta right now). I can safely say that I'm sure the Litewallet will catapult the volume upwards, as it's way way easier for any newbie to get started.
Pretty damn cool!
I hope so:) But it does remind me a LOT about the old Waves client,,, if you remember the super Litewallet was so fast and easy AND it accepted multiple crypto, which you could immediately use assets for just like ERC20,,, plus a DEX all built in. You could lease, and loan, and now the new version DeFi it all you want. But still the volume took forever to grow:( Waves is still alive and kicking as far as I know. I believe once the bull market really kicks in, that we'll see all these services and dApps used MUCH more, which will reflect on the market price of the project itself. Blocknet will have so much utility usages that investors are gonna FOMO in to take the fees from the services. Same can be said with other projects too. |
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The volume is low because Bittrex doesn't allow US traders on their platform, which is Blocknets main exchange. Their DEX gets up to $10k volume on it's own some days, some days more, some days less. Blocknet is MUCH more than just a DEX, which I believe most people are unaware off. The best DEX is ViteX built on Vite (this is DAG project, like IOTA but with smartcontract). And they share 90% of revenue from trading fees to token holders (10% for owners). And this DEX is for multi blockhains.
Have you heard about uniswap, it's a dex exchange, currently lots of coins in there are doing x5 - 100, to me its consider the best Dex for now because it's really easy to navigate through, lots of people have been made awesomely rich from that exchange Uniswap is limiting itself by being an ETH-based DEX. Meaning you CAN'T trade anything else than ERC tokens on it. This leaves out a LOT of projects, including BTC. |
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The Binance "DEX" is NOT a DEX... Jesus!! I HATE people who believe Binance is running a real DEX, when it's NOT a DEX by any means! All the nodes verfiying the transactions on the network is ran and owned by Binance themselves, that's NOT decentralized at all! Have you taken a look at Blocknet? They offer TONS of pairs. More info here: https://blockdx.com/ As far as I know, Binance DEX is trustless system. Does the fact that they are verifying the transactions will impact negatively how their DEX works? Can you tell us more about what you mean? Meanwhile, will have a look at Blockdx and let you know. HOW can it be "trustless" if Binance can STOP the exchange? If they can STOP your withdrawl? If they can BAN YOUR ASS? That's not how a TRUSTLESS exchange works buddy. Do some research on this topic, and you'll be surprised. BINANCE DEX can STOP your withdrawal?   this exchange..... Make fun all you want, but with Binance being in control of everything, with the nodes being the single most important thing to keep decentralized on ANY DEX, there is really no limits as to what they can do with your funds. "Trustles" my ass. Binance is just afraid of the competition, which is why they tried to STEAL Blocknets DEX source code.. Source: https://www.youtube.com/watch?v=JSCAelH_iuk |
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I hold Blocknet, which was founded in 2014. Still a great project which has improved a LOT the past 2 years in terms of development etc. I'm sure they'll be back at the top once they roll out their own oracle network, which is cheaper and more decentralized than Chainlinks solution currently is. Ethereums Infura solution, which handles dApp data is centralized as well. Something Blocknet is improving too.  |
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Never store crypto on centralized exchanges. Don't even see the appeal in COSS, since it's a centralized exchange.
You can profit off the trading fees on DEX's today, which is way more promising. Blocknet is a good example of this. You need to hold a node though (5000 BLOCK) to take the DEX trading fees.
The income potential is huge though.
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Blocknet is a good one for the following reasons: Everyone seems to have forgotten about Blocknet, since their main product used to be their DEX, which they successfully launched as the worlds first decentralized exchange. It works, but it lacks liquidity, which I guess was a huge disappointment for most people/investors. It's obvious that the bear market didn't play well with their release of the DEX, but once the bull run returns, I'm sure we'll see tons of people use DEX's, including Blocknet's which will drive up demand for their native coin: BLOCK. You can read more about the Blocknet DEX here: https://blockdx.com/If you own 5000 BLOCK, you can run a service node, and make profits in terms of: Block rewards
Trading fees from the DEX
Xrouter Fees
Staking Fees (Yes, service nodes will profit from staking fees as well)
BUT, what exactly IS this "XRouter", and how does it work, and WHY is it such a huge part of Blocknet?Blocknet's XRouter Blocknet has developed XRouter, the first protocol that allows building decentralized apps based on multiple blockchains. Developers can create dApps using features of different blockchains without having to download them to your machine. Here’s what makes it special: - Compatible with all blockchains.XRouter will be compatible with all public blockchains such as EOS, Ethereum, Stellar, Cardano, Tron and many more. It even covers DLT and private chains such as IOTA, Hashgraph, Hyperledger, and D3. No need to download the whole blockchain.XRouter provides you with instant decentralized access to any blockchain without having to download it to your machine. Similar to streaming video on Netflix, it saves time and storage. Facilitate the creation of decentralized apps.Simply mix the out-of-the-box features of different blockchains to build the dApp of your dream. Allows blockchains to exchange data.Just like internet routers define paths for users to receive information over the internet from different websites, XRouter also utilizes the TCP/IP network to connect paths between different blockchains so that data could be freely exchanged between them. Blocknet is a true gem, very very undervalued at this point. |
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Never heard of Blocknet before, but this forum seems to spare some golden nuggets from time to time. The most important aspect of all of this is the right marketing. If they can pull it off, they're off to a great start. I believe they need to look into partnering up with other projects to see any kind of expoure, much like LINK has done up until now.
They just enabled NEO on their XRouter, which is a decentralized oracle network. I'm sure we'll see partnerships form eventually, which should boost the marketing of BLOCK significantly. |
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Blocknet can potentially reach $600+ why? Well...
Here's a scenario:
ETH charges gas per tx on the chain, giving it utility. ETH gas price right now is around $0.12 and there are about 900,000 tx's/day which brings us to $108,000/day paid in gas. Now let's toss in ICO buy pressure which raised $371M in 2019 (and let's assume it's all on ETH)... that's $1M/day, bringing total pressure to $1.11M/day on ETH. As a result (among other obvious things that don't need to be explained for the sake of the example) ETH is currently at a $22B market cap
Now let's conservatively talk Blocknet usage throwing in some fun numbers. Infura sees about 15 Billion calls per day. Checking out their pricing this comes to about $3.75M/day. Let's say we're able to do only 5% of that, that's $187,500. Now let's say the DX will do only $25M/day at 0.15% (not official, just using as an example), that's $37,500. Combine the 2 and that brings us to $225,000/day or about 20% the "pressure" of ETH (and $563/day income per Service Node assuming there's 400 running.). If you slash ETH's current cap by 20% you get $4.4B... which is $647/BLOCK
But to achieve ETH utility, you need all of those apps/dapps that need executions to create that demand for gas,,, therefore the utility and therefore why ETH is so popular. It is not just about ONE app with a lot of us but a LOT of apps with growing demand and use. Which is why ETH is successful and not really Cryptokitties (which dies after a while). True, but Ethereum's dApps depend on Infura, which is centralized data source they use to communicate with to the main chain. Blocknet has a decentralized solution to this, which I believe could be very popular among crypto enthusiasts |
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Decentralized exchanges are non profitable exchanges so users trade between themselves without any third party like service provider so you are not going to pay any fees but do you think which could make you a millionaire? And many newbies shilling for Blocknet recently.  ALL exchanges has fees, prove me wrong. DEX's is no expeption to this, the difference is that the fees is collected by investors owning nodes on the network, and not a centralized entity such as Coinbase, or Binance. If you run a node on the Blocknet plaform, you can take parts in thousands of dollars worth of fees every month. If we talk millions in volume, and only 200-400 active nodes on the network (due to a high entry barrier) it could be EXTREMELY profitable long term. Of course that would be possible, but the question is if people are going to adopt the DEX like Blocknet plaform. I can always see this in some of the post here in bitcoin, I'm wondering if this project is already successful and running, sorry, I haven't been trading in DEX for a long time, but if this is what you are talking ( https://coinmarketcap.com/currencies/blocknet/), I think the volume is still small, it needs to improve. True, adoption takes time, but luckily the average volume on the DEX itself has 10x'ed over the past year, so it's definitely improving. Their Litewallet is also soon going to be released, which is a multi currency wallet with the DEX inbuilt, making it easier for newbies to get started trading. Requires no sync time. |
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I'm sure the implementation of trading bots will jack up the volume big time. Don't think I've seen any DEX's being able to communicate with CEX's like this, which is pretty interesting. |
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XSN's solution is capable of effectively solving the Lightning Network's current liquidity problems
How? With Masternodes? But they are centralized.. masternodes make the coin centralized First of all, why couldn't you post ONCE, instead of spam the thread multiple times? Haha. Masternodes is FAR from centralized, they are quite the opposite actually. Masternodes makes for a very decentralized network, and the things you can set them to do while they're idle is truly fascinating when you dig down into the tech. |
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This is a first glimpse of the Lite Multi-wallet!
It’s built on the Blocknet highly secure decentralized SPV technology and can be used for atomic swaps on Block DX. So get ready! Looks sick man. When is this planned to be fully released to the public? I'd love to know! |
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Decentralized exchanges are non profitable exchanges so users trade between themselves without any third party like service provider so you are not going to pay any fees but do you think which could make you a millionaire? And many newbies shilling for Blocknet recently. ALL exchanges has fees, prove me wrong. DEX's is no expeption to this, the difference is that the fees is collected by investors owning nodes on the network, and not a centralized entity such as Coinbase, or Binance. If you run a node on the Blocknet plaform, you can take parts in thousands of dollars worth of fees every month. If we talk millions in volume, and only 200-400 active nodes on the network (due to a high entry barrier) it could be EXTREMELY profitable long term. |
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