With all the buzz about decentralization - I thought I'd bring this topic to everyones attention. I'm sure most people are unaware that for Ethereum to interact with it's native tokens it uses a centralized data provider - Infura.

As we all know, centralization is what we're trying to fight against. Blocknet is developing their own decentralized version, which will likely be integrated with metamask giving users the option to choose a decentralized data provider.

If Blocknet pulls this off, they are looking at pulling in MASSIVE amounts of transaction fees, which is then distributed to their node owners.

There are 4 different income streams which will benefit Blocknet masternode owners.

1) Decentralized Infura fees
2) DEX Trading Fees
3) Decentralized Oracle Network Fees
4) Staking

Blocknet is really under the radar for now, but mind you, they'll likely do partnerships similar to Chainlink real soon.

[smooth]

Stakenet has been discussed here multiple times, but here's a GIF showing exactly how smooth it runs.
As you can see, each trade happens pretty much instantly.

Here is an example of a user making a purchase of LTC from an ARB Aggregator which has been connected to binance (will be connected to many more DEX’s & exchanges in the future). Once it is sold in the DEX the ARB is buying on binance for a small profit.

This allows anyone to run bots straight on the Stakenet DEX. It also allows you to trade with TONS of liquidity, since the DEX accesses multiple order books at once.

https://imgur.com/zSxobsV

For some reason it doesn't seem like GIF pics is allowed to post here on the forums, so click the link above to see the DEX in action!

I'm currently holding the following:

BTC
ETH
ADA
XMR
BLOCK

Blocknet being a low cap project I found recently. I stick to top projects mostly, but believe low cap projects potentially gives a much higher ROI. Plan is to buy at least 1 node (5000 coins) to start a node and profit from their DEX trading fees, and their oracle network, and infura solution.

Have a few other DEX projects on my radar as well, since I believe DEX's will be used more and more (the trends shows that at least), so might not be a bad play.

Share your own list of coins/tokens!

Been playing around with the Blocknet DEX lately, and it seems like the most activity is on the BLOCK/LTC trading pair. Recently seen some DIVI/BLOCK trading going on as well, but really would love to see more trading on DEX's like this as I personally love to trade without giving up my personal details.

What's your own experiences with DEX's? Which one do you like the most, etc?

[The Blocknet Protocol: This Is What A Decentralized Infura Looks Like]

The Blocknet Protocol: This Is What A Decentralized Infura Looks Like

With XRouter and the Blocknet Protocol, Blocknet has laid the foundation for a “decentralized Infura”

Blockchain interoperability protocol Blocknet has laid the foundation for a decentralized Infura. Infura allowed developers the freedom to run a node without needing to worry about its maintenance and upkeep. However, this reliability has led to heavy traffic through its nodes, with the majority of that traffic re-centralizing a large part of the Ethereum network. This problem was compounded further during the height of the CryptoKitties craze in 2017 in which the majority of traffic was funneled to Infura causing more problems, clogging up the network.


 
In the last 9 months the number of nodes maintained has fallen by 25% as an increasing number of node operators stopped maintaining their own nodes and switched to using Infura. If this trend continues then Infura will go from operating a small percentage of Ethereum nodes to a much greater percentage, creating an ever more centralized system. 

The Blocknet Protocol: A Decentralized Infura 

Decentralized applications should be censorship resistant, trustless and without a central point of failure –  principles that the Blocknet Protocol was founded on. The Blocknet Protocol consists of 2 components:   


1.XRouter is an inter-blockchain SPV client backend, enabling the verification of blockchain records without requiring users to download the full blockchain. XRouter functions on the TCP/IP level and is compatible with any and all blockchains and networks.   


 
2.XBridge provides the ability to perform true trustless and decentralized exchanges between any digital asset that is supported by the Blocknet Protocol via APIs. The entire process is done in a trustless manner. 

Together XBridge and XRouter provide decentralized, total blockchain interoperability across ALL blockchains, creating an Infura-like, but completely decentralized API ecosystem for hundreds of blockchains

The Incentives Of Running A Blocknet Service Node 

The Blocknet Protocol allows for the monetisation of inter-chain and multi-chain services and for interactions between any smart contract platform and any other blockchain, even those that do not have smart contract capabilities. XRouter was designed from the ground up to provide interoperability with ANY and ALL blockchains, including all DTL’s (such as IOTA and Hashgraph.) and private chains (such as Hyperledger or R3.) XRouter can also verify external data sources such as those used in Oraclize. 


The Protocol is supported by a network of Service Nodes that host full nodes of the supported blockchains, host microservices, verify UTXOs, route communication between blockchains, and perform anti-spam/DOS measures for the network. BLOCK is the utility token of the Blocknet blockchain and is used to pay fees for the network’s services. Through these fees, BLOCK is used as compensation to Service Nodes to incentivize support.

Operators of Services Nodes also receive 100% of fees generated from use of the network’s services (XBridge, XRouter, XCloud). Blocknet Service Node owners therefore have a great incentive to maintain their nodes. This is a marked difference to operating a normal Ethereum node where there is a lack of an economic model to encourage operators to continue to run Ethereum nodes.   

Developers, DeFi, DApps And Use Cases 

The Blocknet Protocol makes development blockchain-agnostic. This means development can occur on any chain and the features needed can be pulled in from other blockchains. If developers want to utilize smart contracts from different chains, they can now do so, mixing and matching any blockchain they choose, to build whatever they want with no need to rewrite contracts from scratch. Because Blocknet uses the Bitcoin codebase, this benefits XRouter, XCloud and XBridge improving network security and scalability. 

DNS support has also been integrated which will support the forthcoming XRouter proxy (currently in closed beta) allowing Service Nodes to give enterprise clients and developers direct access to RPC frameworks across any blockchain, Ethereum included. The proxy will also enable support for millions of requests per second and all without requiring the Blocknet wallet to be installed. 


 
The Blocknet XRouter network is designed with consensus in mind, meaning that developers can access a variety of Service Nodes that are running the same jobs, picking and choosing which nodes they would like to use to achieve network consensus. There is also the capability to create custom microservices in Docker containers that act as plugins for XRouter. This is the foundation for Blocknet’s XCloud platform. XCloud can be used to monetize any service with crypto payments without having to re-code or change anything about those existing applications.

XCloud is like a decentralized AWS. Therefore, Ethereum could be hosted on a Blocknet Service node which could be accessed via XRouter / XCloud plugins, giving access to Ethereum API’s, just like Infura offers. The difference being that with Blocknet, it is all completely decentralized.

XRouter and XBridge allow for individual libraries enabling dApps to be compiled outside of  the main wallet. These dApps could then be utilized via Metamask which will result in true  decentralised finance (DeFi). A Blocknet Service Node can offer services via XCloud plugins, allowing developers to build a true DeFi ecosystem where the node operators would receive fees from developers and businesses utilizing their Service Node.   

At present there is already a long list of XRouter calls for off-chain oracle data services, games, messaging apps and more including over 32 live Ethereum calls that developers can begin to utilize.  Blocknet nodes currently support over 100 Blockchains including BTC, LTC, ETH, EOS, DGB, DASH, DOGE, SIA, SYS and many more. Use cases can be viewed in the Blocknet whitepaper. 

[Stakenet]

What are you guys thoughts on the Lightning Network? There's been MASSIVE debate on this since it's very invention, and I understand that the fundamentals for running BTC Lightning channels is very bad, since it's income potential is very limited, due to the extremely low fee's.

However, after some digging, found that Stakenet is developing a DEX built around the Lightning Network, with masternodes implementing these nodes (these masternodes is already in profit due to block rewards coming in, so a Lightning node is just an "extra" income on top of it).

This is pretty genius thinking, since nobody needs to be tech savy while using it, as it's eco-system (masternodes) will handle everything in the background.

Bitfinex has recently introduced Lightning Network support as well, so adopting is slowly, but surely coming for this.

What do you guys think?

Hey alle sammen.

Hvad jeres holdning til decentrale exchanges, or tror i det ville være klogt at smide penge i projekter såsom Blocknet, Decred osv?

Kucoin, or COSS, så ret gode stigninger i 2017, fordi investorerne kunne tjene på exchangens totale trading omsætning, men der er sket meget siden, og vi har i dag fået en masse DEX's på banen, som godt kunne betyde at flere og flere vil spekulere i at tjene penge på disse?

Blocknet har flere indtjeningsmuligheder:

Staking
DEX Fees
Decentralized Oracle Network Fee's.

Hvad tænker i? Kunne være interessant at sprede nogle midler ud over nogle forskellige projekter.

Seems like most of the discussions here is based on the top 50 projects, in which I have a good diversified porfolio, with BTC being my biggest holding for now, followed by ETH.

I've been trying to do some research on some of the lower cap projects out there, and a few of them caught my interest. ARK, seems to be a pretty well funded project with a total of 3000 BTC in dev funds, constant developments, but lack of marketing and overall use case has hurt them a lot I believe.

Blocknet, who made the first DEX in early 2018, and a project who focuses on their Decentralized Oracle Network (XRouter/Xbridge) is another good one, which I believe will do extremely well moving forward. Kucoin and Coss made some SICK gains in 2017, and they where centralized solutions, so only makes sense that DEX related projects follows the same path next bull run.

What else do you guys recommend? I'm only budgetting with around $1000 for each project, so the risk/reward scenario is pretty significant for me.

Looked into Stakenet, and was impressed with their overall roadmap, and through some digging realized they are building their own DEX as well, but not any DEX (Atomic Swaps), but a Lightning based one.
This is pretty cool, since Lightning has seen SO much hate and critisism since the very beginning. There isn't really much of an incentive to run a Lightning node on the Bitcoin network, since it isn't profitable, but when utilizing it on a masternode network, already being paid in the first place to run (block rewards), you have a setup which quite frankly seems genius to me.

Their DEX is an integrated part of a multi currency wallet, currently in open beta testing. You can trade pretty near instantly, and it feels just like a centralized exchange, since you don't need to wait for blockchain confirmations.

Thoughts? This is just a small part of the overall Stakenet project, so it's crazy that this project isn't discussed more than it is.

Been following Blocknet for a while, (I know there is already a running thread about it, sorry), and the recent price move the past week is pretty crazy. 150%, expected a huge dump, but it seems like the buy pressure is still on-going. Been watching the order books, and have seen multiple 5k BLOCK orders appearing on the buy side.

This project is "old" from 2014, but they focus on decentralization mainly, which have been talked about over and over and over the past 6 months here and, on Reddit.
Everyone is sick and tired of centralization, but is THAT the reason why the price moved this much?
Their DEX is one thing, they've got first mover advantage on that, and their nodes will profit off of trading fees, but the most exciting part is their decentralized oracle network (XRouter), which is in beta at this stage. You can pull blockchain data from it through their Discord server, which is pretty cool...

Thoughts? Is it still a good buy, considering it's top was $55?

["The next bull run will be dictated by crypto projects with actual useful and working products"]

Everyone here and all over Reddit constantly says this: "The next bull run will be dictated by crypto projects with actual useful and working products", which I 100% agree with.

You still see a LOT of people speculating in new projects though, typically scam projects, just looking to make as much money as they can, with as less effort put into it as possible (ERC20 tokens 99% of the time).

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's Xrouter can connect, and pull any blockchain data from any chain whenever you want, but not only that, it's also gonna be able to communicate with real world applications, solving the oracle problem.

Considering blocknet's low supply of 6 million coins, and it's ridiculously low marketcap, I predict this project could easily reach a marketcap of 600-700 million dollars, valuating BLOCK at $100/coin. 

Decentralized Exchanges is the future - We're seeing TONS of new DEX's being built as of lately, so there's no doubt in my mind, that once people realize they can profit off of the trading fees on the Blocknet DEX, that the demand for this coin will be sky high, not to mention the use cases of Xrouter which will be managed by the same service nodes as well.

I challenge any doubters to join their Discord server, and try their Xrouter (currently in beta) and see how it works for yourself. You can pull a TON of blockchain data from it's services already, which is impressive to say the least. 

[Blocknet - The Internet Of Blockchains]

Blocknet - The Internet Of Blockchains

I recently digged deep into this project, since I got extremely interested in DEX's since they seem to be on everyones agenda lately. To my surprise I discovered that Blocknet is WAY more than just a simple "DEX".
Their Xrouter is what caught my interest:

Blocknet's XRouter which makes it possible to build decentralized apps using features from any public or private blockchain, which will serve as the foundation for multi-blockchain architectures and the “Internet of Blockchains”. XRouter was designed from the ground up to provide interoperability with ANY and ALL blockchains.

Sounds familiar doesn't it? Sounds a LOT like Chainlink. You can read more about it here: https://blocknet.co/xrouter-missing-link-between-all-blockchains/

When comparing Blocknet's Xrouter to Chainlinks Oracles an interesting thing caught my attention:

The XRouter can serve billions of requests per day like Infura (who is doing over 20 billion/day). If each call averages out to about 0.001 BLOCK/call, then that's about $1,000,000 going to the active service nodes. If 100 is running it equals to $10,000/day per service node that the XRouter pulls in based off a tiny 0.001 BLOCK call at $0.70.

LINK charges 0.1 LINK/call which is 0.23 cents, which is quite expensive compared to Blocknet's Xrouter


I'm not saying LINK is a trash project, but it sure seems hyped up when you've got a project doing the exact same thing in a far more decentralized fashion with a 1/200 of the marketcap, while having the first working DEX running at the same time.


What are you guys thoughts about this? I'd love to know, because honestly? Blocknet seems to be extremely undervalued in this case, when it actually seems to be a superior solution, which is MUCH cheaper to use for everyone.

Overall, I don't understand how a project that has built this much from the ground up is ranked as low as it is. Sure they don't do aggressive marketing like Justin Sun, or Sergey, but their tech is mind blowing if you dig down and actually understand it's use cases.

Just saw this video on Youtube: https://www.youtube.com/watch?v=yhJXIOEbvKY

I'm not a fan of the guy, and think his BTC price predictions is way too bullish, but he makes some interesting points in this video, explaining how you can't shut down DEX's, talking about governments and how the IRS wont be able to tax people who makes use of these.

I got goosebumps from just listening to this, and hope my speculations pay off. I'm accumulating projects like: Blocknet, Stakenet, Komodo, and a few others. If these projects takes off and get mass adoption, you could make a hefty amount of profit from the trading fees alone.

I figure a lot of wealthy people wants to get in on this eventually, as we saw in the past with the "Panama Leakage". The wealthy and powerful elites out there would LOVE to use this.

Thoughts? 

Stakenet launched their 2.0 Rebrand with a new cool logo, and a presentation video that explains what they do in detail.

Stakenet is probably the most innovating project out there on Lightning. Their masternode network is put to use and will be offering services, such as running the Stakenet Lightning DEX, Multi Currency Lightning Wallet, and route cross chain payments back and forth using Lightning, which allows unlimited transactions/s, with basically near 0 fees involved.

Check the presentation video here: https://www.youtube.com/watch?v=sXj3_qKSUBk&fbclid

The buy support has increased massively since they released this video, and I predict XSN will do a 3X - 5X in price before they release their DEX at the end of the year.

What do you guys think?

[Blocknet]

Yeah, that's a question I keep asking myself these days. There's so many DEX projects, some of them not even being "Real DEX's" like the Binance "DEX". I've been wondering if another bull run could trigger a huge influx of new users towards these projects, since you don't need to own an account to use them.

Remember Q4 of 2017, when you couldn't even open a Binance account since they got too many registrations at once? With the recent influx of new trading options, some of the volume could be moved towards decentralized solutions such as Blocknet, just to name a project.

Another thing worth speculating on, is people seem to HATE KYC like the plague. Imagine all the rich and wealthy people, like celebs, and people with big time careers, they might not even want to risk disclosing what they hold should a centralized exchange be compromised, which makes DEX's the best solution.

Could 2020 be the year of DEX's? Just a thought...

I was checking out Blocknet and it seems like a huge project, not only the DEX but apparantly they will also have Blockchain interopability. Basically means that different blockchains can communicate. Seems like they're covering a vital step in the use of blockchain which is the ability for communication and exchange between all these different chains and ecosystems. Plus the fact that you don't have to convert to BTC anymore. Current marketcap is quite low for the mainstream capacity it has, as we're seeing more and more companies starting to use blockchain this is going to become an essential tool for the huge industry that is flourishing here.

To me it seems like this project isn't really getting the attention it deserves.

I bought some BLOCK and would like to know what you guys think, what's 2019/2020 going to bring for Blocknet? I think we could seriously see another project reaching into that billion(s) dollar marketcap.

http://blocknet.co/

Check out their website and scroll down to see a summary of features Blocknet offers

I'm predicting Block to hit $100-$200 once we see a bigger shift of people moving away from centralized exchanges, which is probably gonna enforce WAY more regulation, documentations, and most likely sharing trading histories with the governments to prevent "money laundering" - Yeah, it's coming.

Look at all these DEX's popping up everywhere, it's clear as day DEX trading is becoming the standard eventually, taking the control away from these corrupt exchanges demanding millions of dollars off projects to list them, which is ridiculous.

I'm looking for some DEX projects to invest in, since I believe they are the future of trading for those of us who care about privacy, security, and peace of mind while trading basically.

I found Blocknet, which was founded in 2014, launched the first functional DEX. Seems like a promising project with a good entry price right now.

Also found Komodo, Bisq, and a few others..

There seems to be so many out there as of late, what do you guys think?

Hey guys!

I've been in the crypto game since 2013, rode the Doge wave, saw DRK coin rebrand to DASH. Saw the incredible amount of FUD on ETH at the very beginning, but never really invested that much. Could have been stinking rich today, but never though crypto would take off like it did to this day. (I'm sure I'm not the only one feeling this way, lol).

I made a new Facebook group recently, which I'd love to see you guys join: https://www.facebook.com/groups/432530884037925/

Everyone is welcome, you wont get banned, or your posts deleted just because you want to tell about your favourite project out there. ALT coins are plenty, there are TONS of them - Most are trash, but there's a few good ones that most of us never hear about before they moon to crazy highs..
Here's a place to share your projects, emotions, and anything blockhain related.

Hope to see a few of you, got any questions? Just leave them here

[Blocknet - The Internet Of Blockchains]

I love to speculate, since a small amount of money can yield tons of ROI long term. A project I've been looking at for a long time now is Blocknet.

Blocknet - The Internet Of Blockchains

Blocknet is one of those projects, that didn't take off (yet) due to a very technical product, most people have a hard time understanding. They was the first project to develop a truly functional DEX solution, a DEX which is being improved with newbie friendly UI fixes. Blocknet aims to be a decentralized trading platform, where anyone can trade their coins, without risking their funds on a centralized exhange (Exchange hacks, exit scams, phishing attacks, frozen assets, and more).  

Their masternode network is a little different than what you typically see in a masternode project, they consist of: Xbridge, Xrouter, and

XBridge is a decentralized exchange protocol with the ability to perform non-custodial, trustless, and decentralized exchange between any digital assets that is supported by the Blocknet Protocol. XBridge allows any application to perform decentralized exchange, opening the door to an ecosystem of decentralized trading services. Service Nodes are used to verify that the UTXOs in the trades are valid and relay the order book. For these services, Service Nodes receive 100% of trade fees.


XRouter is a decentralized interoperability protocol with an SPV client backend supported by Service Nodes that allows users to validate transactions and ensure transactions are in a block. These calls are supported by default if XRouter is enabled with no additional settings. For example, if you have a fully synced Bitcoin node with txindex on, you can use XRouter to sell transaction information on Bitcoin's blockchain. So if a user doesn't want to download the full chain, but needs to know information about a transaction, they could query your XRouter node and you can charge them a fee to do so.

You have the option to offer these services for free or to charge a fee for each call. Fees can be set to be specific for each individual call.

XCloud is a decentralized microservice cloud network that allows you to monetize any microservice, blockchain, API, or cloud tech on your own hardware, in many cases without having to write any code. Some examples of these services are blockchain-based calls such as one that returns a list of Syscoin marketplace listings, third party data calls such as one that provides access to CMC's API, or a custom call for a service you create yourself. You have the option to offer these services for free or to charge a fee for each call. Fees can be specified individually for each call.



Blocknet recently dipped below $1 (with a top at $50+ in the bull market) so a service node is actually getting affordable at these prices, since you need 5000 BLOCK to run a service node.

I could easily see BLOCK above $100/coin one day, due to it's extremely scarse coin supply (6 mio. circulating supply). That' more than a 100X which is pretty decent.

Hey guys.

I've been a long time investor of crypto currencies, and have been around on a lot of crypto currency forums. I love the open discussions, and wanted to invite you guys to become a member of my new Facebook group, from which you are welcome to shill your favourite projects unlike other groups on Facebook where you are instantly banned/post deleted for even slightly raising awareness of a project you really like.

Invite your friends, start discussions, everyone is welcome

Those of you who contributes to my group regularly will get moderation/admistrator privileges. 


https://www.facebook.com/groups/432530884037925/