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1  Alternate cryptocurrencies / Announcements (Altcoins) / [ANN][Blocknet] truly decentralized exchange | token ecosystem infrastructure on: October 20, 2014, 09:17:51 PM

    ## For a video (and scripts) of our decentralized exchange in action, see the 2nd post on this thread ##

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                              "once you achieve trustless exchange,
                              you create space for an entire
                              ecosystem of monetized services"

                              The Blocknet is infrastructure for the coming “inter-blockchain
                              era,” an emerging technology epoch characterised primarily by
                              the superseding of the current API ecosystem with an intrinsically
                              monetizable “token ecosystem.”
                              From the perspective of blockchain technology, if blockchains are
                              to achieve their true potential, then broad, generic
                              interoperability between blockchain services is required. Without
                              inter-chain interoperability, blockchain-based services will (a)
                              either deliver services only within the confines of the limited
                              customer base that runs its nodes, or sacrifice the unique security
                              properties of blockchains in delivering to centralized entities, and
                              (b) face enduring problems with chain bloat and, relatedly, the
                              market-related pressure to build further features onto a single chain.
                              From the perspective of software-as-a-service (SaaS), the token
                              ecosystem embodies two fundamental advancements: (a) the
                              comparatively frictionless monetisation of services, and (b) the
                              leveraging of the unique robustness, decentralization,
                              and security properties of blockchain technology.
                              By creating an “internet of blockchains,” the Blocknet is positioned
                              to enable the frictionless monetisation of APIs, and in doing so, to
                              empower blockchain technology by converting its thousands of
                              isolated chains into a token ecosystem.
                              what the Blocknet is designed to enable

                               •   The delivery of potentially any kind of digital service from a node
                                   on any blockchain to another.
                              •   The ability for any given blockchain service to function not as an
                                   “appcoin” but as a “protocol service,” that is, to be consumable by
                                   any other dapp anywhere, instead of only by its community,
                                   greatly enlarging the service’s market reach and revenue stream.
                              •   The ability for smart contracts to function not as “dapps” but as
                                   protocol tokens,” where their code quality may benefit from a
                                   broad contributor-base of developers from diverse communities,
                                   exploit their combined learnings, prevent chain bloat and the
                                   duplication of code and labour, and deliver services to the entire
                                   blockchain-consuming market, instead of just the set of users of
                                   its blockchain.
                              •   The ability to create dapps with a multi-chain architecture,
                                   leveraging relevant services no matter which chain they are
                                   available on, rending nugatory the (currently-difficult) choice of
                              •   The capacity for a microservices architecture, where each
                                   blockchain delivers a single service, integrated with many others
                                   in a modular fashion, providing simpler component design, easier
                                   bugfixing, and easier upgrading.
                              •   The monetisation of inter-chain and multi-chain services, using
                                   their intrinsic tokens of value.
                              •   The full exploitation of the new, cryptoeconomically-driven
                                   business models ushered in by blockchain technology, in which a
                                   business may extract value from a “better than free” model, from
                                   monetary policy directly (ICOs, transaction fees, deflationary
                                   economics, etc), and from a marketplace for its monetized APIs.
                              how does it work?
                              In brief, the Blocknet supplies three core services for inter-chain
                              interoperability: service lookup, inter-chain messaging, and
                              decentralized exchange. These are currently implemented in a
                              monolithic app, xbridgep2p.exe, and modularisation of
                              components, and abstraction of services into API façade(s) are
                              whitepaper: in progress
                              setup guide for the current (test) build
                              FAQ: in progress
                              Video interview with Dan | Radio interview with Arlyn
                              Reddit AMA
                              decentralized exchange
                              Crypto needs decentralized exchange like the dark ages needed
                              vaccines. As such, it is the first application of the Blocknet's
                              technology. The decentralized exchange application is currently
                              available as a beta release, and a UI is under development.
                              feature roadmap
                              - Oct - Nov 2014: ITO ("initial token offering")
                              - Dec 2014: first messages sent across blockchains (data transport
                              - March 2015: partnership with Bitnation forged
                              - March 2015: Decentralized exchange UI/UX: business logic and
                              - April 2015: Blocknet Think Tank launched; breadth of scope of the
                                Blocknet seen to extend to the entire token ecosystem
                              - May 2015: Ethereum collaboration; commitment to integrate ETH
                              - October 2015: Decentralized exchange v.1 (proof-of-concept)
                              - December 2015: Blockchain router v.1
                              - March 2016: Decentralized exchange v.2 (TierNolan's algo, no CLTV)
                              - August 2016: Decentralized exchange v.3 (CLTV: nonmalleable design)
                              - Sept 2016: Debugging and testing; order book
                              - May 2017: Service node design: QoS provider concept
                              - June 2017: Decentralized exchange app: specification documentation
                                 complete (for UI/UX partner)
                              - July 2017: Production blockchain: work commences
                              coming up
                              note: upcoming milestones are subject to change, and some require
                              new ground be broken in crypto, and thus are to be interpreted as
                              intents, not commitments. Development is in an agile manner and so is
                              not to deadlines; Rather, continual progress is to be expected.

                              - Production blockchain launch
                              - Service nodes launch on mainnet
                              - Design specification document ("white paper")
                              - Decentralized exchange app ("UI")
                              - Decentralized exchange SPV multiwallet (no full blockchains)
                              - Chain relay: trust-minimised data verification
                              - Mobile Blocknet wallet app
                              - Mobile decentralized exchange app
                              - "Offline orders" feature (orders stay live after wallet is closed)
                              - Decentralized leveraged trading (p2p loan swaps locked to longs/shorts)
                              - Decentralized ICO dapp
                              - Browser-based exchange
                              - Modularisation of core components (network overlay, blockchain router
                                and data transport)
                              - Abstraction of core services into dedicated APIs (service lookup,
                                inter-chain messaging, and decentralized exchange)
                              - Service delivery: proof-of-legitimacy (trustless exchange of non-currency)
                              specs and info for the Blocknet's blockchain
                              Coin supply: 3,910,516 BLOCK
                              Consensus algorithm: proof-of-stake
                              Codebase: PPC
                              Block explorer
                              Exchanges: Bittrex | Nova
                              ITO burn address
                              Proof-of-burn method
                              Proof-of-burn code


2  Alternate cryptocurrencies / Announcements (Altcoins) / [snip] on: October 20, 2014, 09:09:55 PM

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