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1  Alternate cryptocurrencies / Announcements (Altcoins) / Blocknet: XRouter... Connecting Everything on: March 15, 2021, 10:50:52 PM
I find XRouter as one of the most Blockhain Hybrid Approaches we currently have in the space... One of the three (3) suite products of the Blocknet, XRouter is a cross-chain interoperability protocol that allows applications to interface with blockchains on the TCP/IP networking layer, enabling a true internet and environment of blockchains.

As provided in commentaries in the Cointelegraph, Blocknet's XRouter acts as the so-called "Internet of Blockchains", enabling all blockchains and smart contracts to communicate with each other, allowing the monetization of inter-chain and multi-chain services, including those that do not utilize smart contracts capabilities. This implies that if developers want to utilize smart contracts from different chains, they can do so by mixing and matching any blockchain of their choice, building whatever they desire without the need to re-establish contracts from scratch.

With the existence of XRouter, developers and users alike can initialize contracts from any blockchain that can be deployed to XCloud, a decentralized micro-service cloud network powered by XRouter that allows interaction with microservices, blockchains, and APIs.
XRouter is compatible with any network, being able to exist on the TCP/IP level. This includes private and public DLT's such as Bitcoin, Ethereum, IOTA, and Hyperledger. Fees for the XRouter are determined a free market where service nodes can determine and specify the fee necessary to be charged for a call. Clients can specify the max fee that they are willing to pay.

It is worth mentioning Blocknet's acknowledgment of XRouter's use cases:

1. Supply Chain – Blocknet Protocol and XRouter would allow information to be available between different blockchains. A smart contract utilizing XRouter to garner necessary details and information from other respective chains is essential to develop flexibility and decentralization.

2. Storage and Hosting – XRouter can act as file storage for decentralized applications whose blockchain does not support file storage effectively. It can also interact with other blockchains such as but not limited to; Storj, Filecoin, Sia, or Swarm to utilize their storage devices.

3. Media and Content – Xrouter can be utilized on decentralized applications in relation to posting to multiple social media platforms simultaneously, allowing publication and exposure of these applications to be more efficient and effective.

4. Markets - a decentralized application that uses XRouter to extend its products into a single layer would offer a lot more options to users and consumers and a fuller marketplace. As mentioned earlier, publishing products is a lot easier as they can be posted simultaneously in a single form.

5. Business and Industry – Blocknet has recognized that in the near future, many decentralized applications and blockchains will utilize health data. Instead of submitting health data to each application, a universal electronic health record blockchain can be created to seamlessly manage the personal medical data of each application. The health data on the electronic health record can be shared with healthcare providers, hospitals, insurance blockchains, decentralized applications, and applications in collaboration with the XRouter.

6. Certifications – it is possible to store certifications and licensing records on a dedicated blockchain verified by a decentralized application built on the Blocknet Protocol. Such information may be useful to grant access or permissions.

Thanks to Blocknet's XRouter, new and upcoming blockchain companies that utilize XRouter and XCloud can be part of the so-called "internet of blockchain". Since XRouter operates on a free market basis and is independent, developers and blockchain names are free to provide charges for their service, sell plugins with other parties involve, and many other business-related strategies possible to expand their cause.
2  Alternate cryptocurrencies / Altcoin Discussion / Re: Blocknet VS Defi and other hidden potential Giants. Suggest them here. on: February 01, 2021, 02:19:03 PM
Cefi platforms take advantage of Defi too.. We all saw that..

I won't name those other projects but you obviously know the best performing token of 2020.. And their CEO is a legend from VOIP days..

Alex is one of the inventors of VOIP (Voice Over Internet Protocol) with a foundational patent dating back to 1994 and is now working on MOIP (Money Over Internet Protocol) technology. Their project also has flexibility by adapting services such as fiat conversions, direct service, and cross-chain exchanges according to customer needs..

Talking about Blocknet.. Whales and millionaires are starting to hide their money in Crypto and DEX's is their only place moving forward to trade their coins. Blocknet's DEX's is the only DEX's which you can use to trade actual BTC LTC etc. As it isn't built on Ethereum.
I use them to move crypto around and holding a big bag of Block.

Blocknet is experiencing a lot of new users. NO KYC and the coin is inclusive. The coin doesn't care about your gender, nationality, ethnicity, religion, or employment status. Everyone is welcome to participate.
3  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Blocknet solving Ethereums Centralized Data Protocol - Infura on: January 04, 2021, 04:51:00 PM
The trading volume on Blocknet peer-to-peer decentralized exchange, Block DX, is continuing to grow organically and has now surpassed $1,000,000!

Fellas, don't forget to always take profit if possible. They say you don't sell winners but it is safe if you'll take profit whenever possible. Take a deep breath and relax to make a rational decision.

Last year I learned that comparison is the thief of joy. So focus on much better things. Focus on learning all you can from stories of success of other people and determine if it something you can apply in your life. Then lastly, sit back and take comfort in the fact that there is still time before the BLOCK goes ALL IN... Enough time to make LONG Positions  Grin Grin Grin
4  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Blocknet's XliteWallet Pushed Into "Open BETA" - 25% Gains last 48 hours on: December 30, 2020, 04:57:26 PM
A lot of investors are coming to the channel. Plus Discord chat is always active to ask away! Blocknet is really a good platform and I see it improve and grow very quickly. PLUS the timing is GREAT. Just as BTC hits an all-time high. This platform has launched XliteWallet just at the right time.

Personally, It's the right choice to go to Defi with your Bitcoin and altcoins.
5  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Stakenet (XSN) The KING of DEFI - Scaling solution for BTC and ETH on: December 29, 2020, 04:26:49 AM
In 10 years, Lightning Network will be as obvious as Bitcoin... Only a few people understand what LN can do and what it can imply.

This is why I understand why a project like Stakenet doesn't get more attention.
Soon they will realize how important Stakenet as it's the only project working on trustless instant BTC, ETH, LTC, transactions with next to 0 fees on their DEX and Multi-Currency Wallet (built in 1 dApp). People use Bitcoin to INVEST and NOT SPEND so they don't care much about the onchain fees/transaction fees.
6  Alternate cryptocurrencies / Altcoin Discussion / Re: Blocknet VS Defi and other hidden potential Giants. Suggest them here. on: December 23, 2020, 04:59:08 PM
bZx - Fulcrum & Torque..

Everybody knows this project. bZx is a DeFi project focused on margin trading and lending..
They've use DeFi Protocol that Integrated Margin Trading and Lending. And we know how it works. In the crypto lending market, the lender becomes the liquidity provider and the borrower becomes the liquidity user. As long as the lender thinks that the interest rate is attractive, she has an incentive to participate in the protocol. Yet, the borrower is the one who has to pay the interest rate. So the borrower will only use the protocol when there is more value than her cost.

However, no longer in the defi because of too much volatility and the hacking incident of bZx.
bZx exploited the interconnectedness of DeFi protocols. The exploit involved taking out flash-loans (borrowed and repaid in a single transaction) and manipulating asset prices to drain funds from lending pools by taking larger loans than was possible under normal circumstances.

Now, talking about Block. Blocknet is a good moonshot project. Currently trading at around $1.80 cents. YES,, $1.80 Grin Grin, with a circulating supply of only 7 million coins. Their multi-currency wallet is for public release, which has their DEX's integrated into it, for convenient and easy trading. Their HYDRA network is scheduled which could replace Ethereum's centralized lnfura node. 1OOx should easily be doable.
7  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XSN] Stakenet - The World's First Trustless Proof of Stake Coin on: December 11, 2020, 03:45:41 PM
 Today doesn't appear we have much to worry about.
 Institutions are pumping out BTC revenue growth like crazy again

 Done preparing a decent bag of XSN. I'm interested in Stakenet Staking and you should not miss out next year for the future XSN holds.
8  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Stakenet - XSN - The Next 50x Altcoin Out There? on: December 10, 2020, 05:04:18 PM
I wish I could have bought more of that dip last week.

It dipped down below 600 satoshi for a brief moment. I didn't catch the bottom, got in around 620, and in the green currently. As soon as I saw a better exchange for this project I decided to get in, haha  Grin
I got some under 700 sat. I'm at least happy with that.

Nice, I got some around 650, so pretty satisfied as well.
I'm sure the new exchange listing will add more liquidity and a higher price overall moving forward!  Smiley

How I wish that it would be "We" instead of reading this as "I"

what the fuck I'm doing here if I missed the train?? With the current market cap of Stakenet the only long-winded but sincere statement I can give is, "XSN will only go Up!" haha
9  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Instant BTC + ETH Trading Made Possible By Stakenet - XSN on: December 08, 2020, 05:43:26 PM
How much fees asked there for simple BTC to ethereum convertion ? Is this one working the same as shapeshift where you only need to transfer amount and you will recieve it in provided address .i use that website in early 2017 when they are not requiring kyc for easy trade but not now. Is that exchange also asking to be verified with identity required?


Can you also trade in that exchange from ethereum to BTC and vice versa?
Afaik, if you start with standard BTC you pay the on-chain tx and a tiny channel rental fee once (all automated) to move it to L2 and swap it into ETH. From there, it's on L2. The same is true in the case of Ethereum. Start with ETH on L1, pay the on-chain fee and tiny channel rental fee once. The rest is done on L2.
Was shapeshift a mixing coin mixing service? I remember there were a few places that acted as custodians and triggered exchanges immediately, but they are in a rather murky area legally-speaking and are also capable of pulling an exit scam.
The biggest appeals to using Stakenet DEX are: no accounts, no KYC, non-custodial wallets, fast sync times, and no need to manually download individual blockchains for every coin you want to swap into. Your wallets and your keys are always yours and yours alone.

This is exactly how Stakenet leading the innovation and stuff of defi and crypto. I love the backbone of their project which is building the infrastructure of allowing INSTANT virtually FEELESS transactions by using 2nd layer networks for BTC (The Lightning Network) and Ethereum. This is the main reason why it is backed by a rock-solid bunch of users

The problem with on-chain transactions is: Transactions need to be confirmed on the blockchain to be accepted on the network, this takes time sometimes even HOURS on Bitcoins congested blockchain with 1 MB blocks storing the data of transactions.

The advantage of off-chain transactions is that transactions are instant, and the fees MUCH lower, since a Lightning Network node used to verify transactions is WAY more powerful, and thus confirms transactions faster. Off-chain transactions are nearly instant, and works much much better in a trading environment, such as a DEX.
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