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See this sheet outline some projections: https://docs.google.com/spreadsheets/d/1nr6HaQ2JJDP5qU4rMW2hQQGQjxit6wzOgKzoeurwPSQ/edit#gid=1074847926- Nodes require 5000 block putting but pressure on the market - Nodes earn 100% of the rewards for their services - Nodes can charge their own fees and set their own prices - Turn a node into a business by providing services - Services nodes can monetize include: --- the only true DEX (non-custodial, no accounts/kyc, all native assets and no proxy tokens, decentralized order books/matching/settlement) --- oracle data (provide developers with external off-chain data or even on-chain data ) --- blockchain interoperability (decentralized blockchain router to communicate between different public and private blockchains) --- microservices (enable developers to interact with any existing api or make your own new service) |
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Hello everyone, wondering how I could be blocked from the telegram group instantly after joining and never having the chance to say anything.. It says the admins have restricted you from messaging.. rather frustrating and confusing!
I'm sorry to hear that. What's your username? I'll unblock you and we'll look into this issue. |
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i'm skeptical blocknet is anywhere close to production ready code
Your username is quite fitting considering the exchange has been live and in use for over a year. The project has been around since 2014 and have pioneered a lot of R&D in the space. Unlike other projects launched in the 2017 bull run and after, Blocknet isn't another vaporware projects promising the sky and delivering nothing. |
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More basic infrastructure change is required with the DEX, another thing error can happen anywhere. A small error could freeze a large sum of fund. In such cases it is impossible to seek support, the same with centralized exchanges will give us quick support. Just an example is the Binance exchange hack. The funds were provided back from the exchange reserve which isn't possible with DEX.
This is why it's important for the team behind the project to know what they're doing. Blocknet for instance has been around since 2014 and has spent years on research on how to properly and securely have decentralized trading. There's MANY verification checks in place as well as failsafes. The funds stay in your control throughout the duration of the exchange as well. |
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Back in 2015, when I first entered the cryptocurrency market, the main slogan of cryptocurrency was that the user can always be anonymous and no one can control his financial affairs. But today there are a lot of questions about centralization and decentralization that change the whole rhetoric of relative cryptocurrency and its advantages.
I couldn't agree more, which is why I'm happy to be part of the Blocknet community. All these projects are using "dex" and "atomic swaps" as marketing terms and still have centralized components. They have done a huge disservice to the ecosystem by confusing people about what true decentralization is. Then when you bring up a project like Blocknet, they say why is that needed, when project XYZ already provides a DEX. Meanwhile what they don't know is project XYZ only has one component of the exchange decentralized, such as settlement using atomic swaps, and has no idea that the exchange is custodial or uses servers for order books and order matching. So now you have great projects fighting the good fight that are being overlooked due to cheap imitations misinforming users. |
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the worst part about a DEX is that its limited to a specific blockchain which doesn't allow for easy trade to get a different crypto coin...guess too many limitations to be used.
The poorly designed ones are like this. Have you given Block DX (powered by Blocknet Protocol) a try? It can trade over 100 different assets from different blockchains and trades are independent of the Blocknet blockchain. Trade time is also independent of the blockchain's block time, but trade finality is still reached on that blockchain. Unlike other suggestions here such a Bitshares, Block DX doesn't use proxy tokens or colored coins. The native assets are traded and funds remain in the user's control throughout the entire process of the trade. Unlike Komodo, you can use your own Qt wallet for verification checks instead Electrum servers. Every component of the exchange is decentralized, including capital storage (your own wallet), order books (compiled locally), order matching (p2p), and settlement (atomic swaps). You can see a list of compatible assets for trading here: https://docs.blocknet.co/blockdx/listings/#listed-digital-assets |
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Very excited about this Beaxy listing. I think it's what Bittrex could have been if they had their act together (it's been managed poorly and has been on it's way out since before their horrible redesign). Beaxy has begun their listing process and are expected to be a top tier exchange. Their trading engine can handle 250k orders per second per market, that's inline with the performance of Nasdaq. They also aim to support over 35 different order types with something like 15 different order types available now. This is to cater towards institutional investors, but their UI is also simple enough for the average joe. They also plan to be available in more countries than Binance, except Beaxy will be doing so legally. Sounds like cozy new "home" for BLOCK traders.
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It seems Xrouter idea is similar but if it is still reliant on Atomic Swaps I don’t think it will be viable to the larger audience
XRouter is not reliant on atomic swaps, it's a blockchain router and separate from XBridge, which is the exchange component of the protocol. Onchain Atomic Swaps will never gain traction due to their limitations like respective blockchain confirmation times
With Blocknet's DEX, the trade time is independent from the confirmation times. In other words, an LTC transaction and a BLOCK or DGB transaction all complete in anywhere from 5-15 seconds. This is why XSN uses Lightning Network to complete their swaps.
Lightning network requires collateral lockup and also for long period of times to trade, I believe it was 48 hours the last time I checked. Not sure if you're trolling or you just don't know what you're talking about. |
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soooooooooooooooooooooooooooooooooooooooooooooo...
yeaaaahhh...
zzzz...
lol
Come join us on Discord! That is where all the discussions take place: https://discord.gg/2e6s7H8 |
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I ended up in fork, took to long to update the wallet
now already on 3.13.1
should I delete the whole blockchain and resync from scratch?
is there a quick sync / snapshot for block?
If your wallet's block height does not match what is currently shown on the block explorer: https://chainz.cryptoid.info/block/ then you are likely forked or stuck. Note: The CryptoID explorer has the possibility of getting stuck here and there as well - if it appears stuck then refer to the #general where community members are sharing their current block hash and height First, make sure you are on the latest release 3.13.1 found here: - Redesign: https://github.com/blocknetdx/blocknet/releases/tag/v3.13.1- Classic: https://github.com/blocknetdx/blocknet/releases/tag/v3.13.1-classicTo check your block height, in the program menu select Tools > Information > Current number of blocks (2nd to last line). Once you are on the latest release: 1. Shut down your wallet 2. Follow the instructions found here to get on the correct chain: https://github.com/blocknetdx/blocknet-blockchain-bootstrap3. Navigate to your wallet's data directory Defaults: Windows: C:\Users[YourUsername]\AppData\Roaming\BlocknetDX\ MacOS: ~/Library/Application Support/BlocknetDX/ Linux: ~/.blocknetdx/ 3. Add the following entries to your blocknetdx.conf: addnode=3.17.240.214
addnode=144.202.48.94
addnode=149.28.121.22
addnode=45.32.76.39
addnode=149.28.72.21
addnode=155.138.238.89
addnode=155.138.222.168
addnode=95.179.169.219
addnode=45.77.66.218
addnode=149.28.164.120
addnode=149.28.167.115
addnode=108.61.208.55
addnode=107.191.62.28
addnode=66.42.35.188
addnode=45.76.218.48
addnode=108.214.8.13
addnode=52.200.188.2344. Restart your wallet 5. After you have done this, if your wallet "stalls" and doesn't advance in block height then you can try just restarting the wallet. If this doesn't work then navigate to the wallet data directory again and delete your peers.dat and mncache.dat files. If that still doesn't work then follow the instructions for the bootstrap again, including the part with deleting certain files: https://github.com/blocknetdx/blocknet-blockchain-bootstrap |
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The information that stacking will be disabled if I configure my Blocknet Wallet is very worry to me.
Staking needs to be disabled due to the way both staking and the exchange works, since both lock up UTXOs. After configuration you can still stake, but then you will be unable to properly trade on the exchange. I can not find any live market data on the blocknet-website.
The Blocknet website does not, but https://blockdx.co does, which is a site run by one of the community members. The Blocknet wallet installed and configured (hit troubles doing that) done I still see no market data.
Seems I have to install and configure another coin wallet to see anything.
This is due to the P2P nature of the exchange. You will only see orders for the wallets you have configured/connected. This also cuts down on the amount of resources the app uses. The price chart data will show trades for the past 24hrs for any pair with just the Blocknet wallet configured/connected since all of that information is stored on-chain. too troublesome to deal with for non crypto enthusiasts to even go that path.
We are constantly working towards making it more user friendly. CloudChains Inc is also working on developing the world's first decentralized lite multiwallet that will remove the need to sync the blockchains. |
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Disclaimer: This list is for my personal use only and not intended as investment suggestion. Do your own exhaustive research. By reading this post you accept to take your full responsibility for any decision you can make.
I'd like to create a full list of operating open-source, trustless crosschain exchanges.
At the moment I was able to find the following ones:
- BlockDx (actively traded coins: BLOCK, LTC, DGB, DASH, SYS)
- Swap.online (actively traded coins: BTC, LTC, ETH, SWAP)
- AtomicWallet1 (actively traded coins: BTC, LTC, QTUM)
- Bisq (actively traded coins: Monero, BTC)
- SparkSwap (actively traded coins: BTC, LTC)
- BarterDex2
For Block DX you can see the full list of tradable assets here: https://docs.blocknet.co/blockdx/listings/#listed-digital-assets- AtomicWallet is a hybrid exchange. A majority of the pairs actually use a centralized service for the exchange. I believe it's just BTC and LTC that use atomic swaps. This also uses centralized wallets for checks which is an invitation for an exploit. I don't know the details about their order book and order matching, but I'd wager those aren't P2P/trustless. - Bisq is not trustless, the users need to trust the arbitors that the funds are locked in the multisig with. |
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