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1  Bitcoin / Project Development / Re: FULLY DECENTRALIZED EXCHANGE. HELP NEEDED! on: January 23, 2019, 02:29:01 PM
I wish to create a decentralized exchange i.e,

1. fully decentralized
2. peer to peer
3. created by annon devs
4. no govt can shut down
5. open source so devs can input and work on improving the project


I need help in building this. Please advise if this is possible? as well as the type of consensus mechanism, token purpose i.e, what the token should do in the ecosystem that would work this project? I am not a techie but believe firmly in the decentralization of exchanges which is full of scam bots and fake volume that i am totally pissed off by.

I know this is not easy, people will not trust annon devs and founder, but i can't shake this off and its gnawing within me. So i need your advise to which how to go about this.

I will be really grateful for your kind advice. Thanks.



It sounds like you need to build on the Blocknet Protocol.  It hits all items in your list and you can build your own white label DEX on it.

1.  It is fully decentralized and can't be shut down by any government agency.  The order book is validated and broadcasted by a decentralized network of community owned and operated service nodes running full blockchains to validate utxos being used in orders, effectively maximizing security (absolutely no centralized entity is required for the exchange to operate).

2.  When an order is accepted, the trade is executed p2p via an OP_CHECKLOCKTIMEVERIFY-based trustless atomic swap.

3.  The project is open source, the Github repo can be found here: https://github.com/BlocknetDX/BlockDX ... contributed by both anonymous and non-anonymous devs (if your fear with the non-anonymous contributor is related to the blockchain being able to be squeezed by regulatory bodies: no contributor or entity for that matter has total control over the blockchain project and the blockchain cannot be stopped by any current contributor).

4.  As was mentioned in point 3 and point 1, no government can shut down the exchange because service node operators are completely anonymous and literally spread across every continent in the world (Antarctica too probably  Cheesy).  Additionally, anyone can operate a service node with a sufficient amount of BLOCK and the exchange can function with a minimum of one service node.

5.  As was also mentioned in point 3, the blockchain is entirely open source.


Blocknet features a Proof of Stake consensus mechanism utilizing the Quark algorithm.  Service nodes are similar to a masternode in that there is a list that is validated by locked utxo collateral (5000 BLOCK).  The BLOCK token is used as a fee paid to the service nodes in order to trade on the exchange so as to compensate them for the services they are providing to participants in the ecosystem.  The blockchain also features a block reward of 1 BLOCK per minute where 0.3 BLOCK is awarded to the staker and 0.7 BLOCK is awarded to a random service node.  BLOCK is also needed to operate a service node in order to receive trading and protocol fees alike (5000 BLOCK is a required lock-in per service node as was mentioned above).  Service nodes also receive a vote in the governance system built into the blockchain itself.

As I mentioned before, you can easily build your own DEX on the API.  This will allow you to additionally monetize your own exchange after fees are paid to the underlying Blocknet protocol itself.  Doing this will also save you the hassle of launching your own blockchain and creating a brand new ecosystem, and instead allow you to leverage the already existing super decentralization of the Blocknet protocol itself.

This is good stuff...Thank you, i will look into this.
2  Bitcoin / Project Development / Re: FULLY DECENTRALIZED EXCHANGE. HELP NEEDED! on: January 23, 2019, 03:56:56 AM
I wish to create a decentralized exchange i.e,

1. fully decentralized
2. peer to peer
3. created by annon devs
4. no govt can shut down
5. open source so devs can input and work on improving the project


I need help in building this. Please advise if this is possible? as well as the type of consensus mechanism, token purpose i.e, what the token should do in the ecosystem that would work this project? I am not a techie but believe firmly in the decentralization of exchanges which is full of scam bots and fake volume that i am totally pissed off by.

I know this is not easy, people will not trust annon devs and founder, but i can't shake this off and its gnawing within me. So i need your advise to which how to go about this.

I will be really grateful for your kind advice. Thanks.



its not that easy finding people to help you, because they all want to be paid, they are mostly urban proletarians that have to pay bills to their owners (equity holders)

Of course an ico can be created for that within bitcoin talk community plus my personal investment...right now I am looking at the community to throw out ideas on how we can achieve this....
3  Bitcoin / Project Development / Re: FULLY DECENTRALIZED EXCHANGE. HELP NEEDED! on: January 22, 2019, 01:04:43 PM
there will be commission model. profit is necessary.hackathons will be organised and devs will be rewarded for finding bugs and improving the project.

 bisq uses tor browser.
i would have to consider this, as it will make difficult for it to be shut down. do i have other options?

bisq has the fiat to crypto option. mine is fully crypto to crypto.

making a whole blockchain would be time consuming. it would be good to build on a decentralised blockchain...which there are not many. i will look into building on fork delta engineon Etherium.

my vision for this exchange is not to be like IDEX which can prevent US citizens from using the exchange.


i hope you could provide more inputs for me and set me on the right path. Thank you.



4  Bitcoin / Project Development / FULLY DECENTRALIZED EXCHANGE. HELP NEEDED! on: January 20, 2019, 01:38:31 PM
I wish to create a decentralized exchange i.e,

1. fully decentralized
2. peer to peer
3. created by annon devs
4. no govt can shut down
5. open source so devs can input and work on improving the project


I need help in building this. Please advise if this is possible? as well as the type of consensus mechanism, token purpose i.e, what the token should do in the ecosystem that would work this project? I am not a techie but believe firmly in the decentralization of exchanges which is full of scam bots and fake volume that i am totally pissed off by.

I know this is not easy, people will not trust annon devs and founder, but i can't shake this off and its gnawing within me. So i need your advise to which how to go about this.

I will be really grateful for your kind advice. Thanks.

5  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] The Rouge Project - Voucher and Note Protocol - Ethereum on: October 30, 2018, 04:36:52 PM
good project, if the project is successful and the Rouge system is implemented I think I can recruit people who have special skills in their field

i am extremely disappointed with Rouge project after having bought into their ICO. Their telegram channel is full of spam bots and they have no idea how to market their product. If they want to be a leader in the coupon space they must market themselves aggressively. Also, for the investor its bad because the tokens are hardly on any exchanges. This makes it hard for investors to sell their tokens. i hope they wake up because i want this project to succeed as it has alot of potential.
6  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Which upcoming ICO can give 100X or 1000X returns? on: April 18, 2017, 07:51:23 AM
Which upcoming ICOs do you think can make a great investment. Please share your views why you think its s good investment. The following are some of the upcoming ICOs;

1) iEx.ec
2) Ethbits
3) Blockchain Capital
4) BOScoin
5) ZrCoin

Study their respective roadmaps and as much as possible they must have an ANN thread here in bitcointalk forum. Delist some ICO's in your list that having some devs which can't answered much of the question from the investors and a troll user in the community. Their future development must be pleasing and serious about pushing on it.

We can't really say what ICO's are going to be bloomed someday as it was the risk for the investors. That's why you need some study here so that you can have some insights about them being an obvious scam or not. Good luck.

thanks...may i ask how important is it to have a mvp up and running? there are some ICO's that do not have a product and some that already have something on the table.
7  Alternate cryptocurrencies / Speculation (Altcoins) / Which upcoming ICO can give 100X or 1000X returns? on: April 08, 2017, 04:49:43 AM
Which upcoming ICOs do you think can make a great investment. Please share your views why you think its s good investment. The following are some of the upcoming ICOs;

1) iEx.ec
2) Ethbits
3) Blockchain Capital
4) BOScoin
5) ZrCoin
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