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101  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Blocknet's XRouter Can Pull In MASSIVE Amounts Of Fee's To Node Owners on: March 26, 2020, 12:57:12 PM
Interesting. So basically you can collect XRouter AND DEX fee's along with the traditional block rewards from holding a node?
Might need a deeper look into it. Wasn't aware of all these passive ways of income through the network, just parts of them.

I'm sure it will take a while before we see any major adoption of these services on the larger scale though, long term perhaps.

Forgot I even made this thread, haha.

Yes, you'll be able to profit passively from all 3 sources if you run a node. If you can't afford a node you can stake your coins like any other Proof Of Stake coin out there.

If Blocknet truly takes off with partnerships etc. in the future, you could make a hefty sum of profits from a node or two, especially from the XRouter.

Nice, that's actually pretty cool. I'm eyeing a lot of great opportunities to take advantage off with these low prices. Think I'll buy some BLOCK, been accumulating a lot of ADA, ETH, and BTC lately, so I think I'm pretty well diversified for the next run up.

Diversification is key! I'm doing a ton of research on other DEX related projects as well as of recently. Also looking into DEFI projects, as it seems like decentralization is the next step forward, these projects will likely be the biggest gainers next bull run.

Good luck!
102  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Which tokens do you like to stake/hold for profits? on: March 26, 2020, 12:54:50 PM
I'm personally staking my Blocknet coins with an annual ROI of around 20% currently, which isn't too bad. I think I'm making around $100/month at current prices, all I need to do is keep my computer running, which it does anyway.

There are tons of projects out there to stake, I like Blocknet since it's an old project since 2014, so it's pretty consistent in terms of coin price, and return on investment. More over, if you hold 5000 BLOCK, you can run a masternode, and profit from their DEX and other services, such as their XRouter And XBridge which is coming in the near future.

As always, do your own research! 
103  Alternate cryptocurrencies / Altcoin Discussion / Re: How can I earn money during coronavirus? Is it possible by crypto coins? on: March 26, 2020, 12:50:39 PM
This wont help you if you don't have any crypto, but you can stake a lot of cryptocurrencies and recieve block rewards as compensation for doing so.

I'm personally staking my Blocknet coins with an annual ROI of around 20% currently, which isn't too bad. I think I'm making around $100/month at current prices, all I need to do is keep my computer running, which it does anyway.

There are tons of projects out there to stake, I like Blocknet since it's an old project since 2014, so it's pretty consistent in terms of coin price, and return on investment. More over, if you hold 5000 BLOCK, you can run a masternode, and profit from their DEX and other services, such as their XRouter And XBridge which is coming in the near future.

As always, do your own research!  Smiley
104  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Top 10 alts under $0.10 that can go 100x on: March 25, 2020, 04:11:19 PM
Take a look at Stakenet if you want a really good "use case". First project to build on Lightning Network, making use of masternodes as nodes for it. Pretty damn clever.

Their Multi Currency Wallet and inbuilt DEX is soon ready for public launch, a dApp which has been under development for 2 years now. Allows instant DEX trading, Arbitrage and market maker bots, trading view, and the list goes on.

Here's a screenshot of what's to come:

105  Alternate cryptocurrencies / Altcoin Discussion / Re: The door is never closed to new traders on: March 25, 2020, 04:09:03 PM
Most questions that bothers newbies, and crypto currency ethusiasts are,

can i join this trade?
is crypto currency bearish enough to trade?
Is it safe to trade now ?
Can i learn trading now ?

Amidst such doubts, and thoughts, i believe as a newbie or established crypto professionals, as long as you have done your research and learnt basic trade strategies.
It is easier to begin as a traders, and if you learn faster, the best.

But the door is always open to new traders or new investors.

Depends on the future. Regulation will be through the roof as the FED's want control and power. Wanting every single detail about you and your trading history, which will ultimately push people towards DEX's such as Stakenet's Lightning Network compatible DEX. What's cool about Stakenet's DEX is that you can trade INSTANTLY over Lightning, with all it's nodes hosted by masternodes, which means you as a trader don't need to sync to any networks. It's gonna FEEL like a "normal" DEX, but will be 100% trustless and decentralized, which is HUGE.

Here's a preview pic:

106  Alternate cryptocurrencies / Altcoin Discussion / Re: Use case ideas vs blockchain on: March 25, 2020, 04:05:30 PM
It looks like we have run out of use cases in crypto space today since new developers have no new ideas anymore, they are left with repetitive ideas this days or ideas that will never survive on the blockchain, pls do not hesitate to correct me if you think I'm so wrong, so what's the use of many new projects every week? If you aren't tired well I am.

We don't really need the vast majority of the projects out there. Take a look at Stakenet if you want a really good "use case". First project to build on Lightning Network, making use of masternodes as nodes for it. Pretty damn clever.

Their Multi Currency Wallet and inbuilt DEX is soon ready for public launch, a dApp which has been under development for 2 years now. Allows instant DEX trading, Arbitrage and market maker bots, trading view, and the list goes on.

Here's a screenshot of what's to come:

107  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Intelligent Masternodes? on: March 25, 2020, 04:02:14 PM
Here's a preview of the DEX for anyone interested




108  Alternate cryptocurrencies / Speculation (Altcoins) / Re: 1 JAN 2021 BTC WILL HIT 100K$ on: March 25, 2020, 03:18:46 PM
Unless we hit an enormous bull cycle, we wont see $100k for a few years at the very least. Altcoins will probably see those gains before BTC does in terms of ROI anyway.

Regulation will be through the ROOF no question about it, as the FED's want control and power, they aint giving up that easy, that's for sure. The place to be in this case is DEX's since you'll be able to trade trustlessly, which is why I'm buying Blocknet right now, while it's dirt cheap.
First DEX on the market, with a huge number of trading pairs, with BLOCK/LTC being the most active right now.

https://blockdx.com/
109  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Top 10 alts under $0.10 that can go 100x on: March 25, 2020, 06:46:40 AM
XSN:


And here is a preview picture of Stakenet's upcoming Lightning Network compatible DEX for those who are interested:
110  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][Blocknet] truly decentralized exchange | token ecosystem infrastructure on: March 19, 2020, 03:35:21 PM
Any news on the Litewallet?
I'd love to hear from anyone who has tested it, would love to know how "easy" it is to use, as that's the main thing to get people to use the DEX.

Also, when is it scheduled for public release?
111  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Is the bottom in? Shill your guaranteed investment? on: March 18, 2020, 04:32:50 PM
There's nothing like a "guaranteed investment"  Cheesy Otherwise we'd all be rich by now.

With increasing regulation, I'm SURE a LOT of people will be sick and tired of doing KYC on centralized exchanges, more over, a lot of us care about our privacy when trading, so I'm SURE a lot of people will start to adapt to DEX's, which is what I believe will be the next big thing.
Remember Kucoin and COSS? Exploded in 2017 on the premise of "passive income" from the fees associated with their exchange.

Today, we've got DEX's with a similar structure. Blocknet is a good example of a project I've got my eyes on, as if you run a node (5000 coins required), you can profit from the trading fees on the DEX, which could make you a healthy passive income in the future, I'm sure.
112  Alternate cryptocurrencies / Altcoin Discussion / This Is What A Decentralized Infura Looks Like - Blocknet on: March 18, 2020, 04:25:41 PM
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. 
113  Alternate cryptocurrencies / Altcoin Discussion / Re: Which coins are your safe haven now? on: March 18, 2020, 04:18:33 PM
Only real "safe haven" right now is probably a stable coin.

The crypto markets is SO volatile right now, that you can't call anything "safe" for the moment being.

Do your research instead, you could speculate on the next bull cycle, which is what I am doing right now.

With increasing regulation, I'm SURE a LOT of people will be sick and tired of doing KYC on centralized exchanges, more over, a lot of us care about our privacy when trading, so I'm SURE a lot of people will start to adapt to DEX's, which is what I believe will be the next big thing.
Remember Kucoin and COSS? Exploded in 2017 on the premise of "passive income" from the fees associated with their exchange.

Today, we've got DEX's with a similar structure. Blocknet is a good example of a project I've got my eyes on, as if you run a node (5000 coins required), you can profit from the trading fees on the DEX, which could make you a healthy passive income in the future, I'm sure.
114  Alternate cryptocurrencies / Altcoin Discussion / Re: Trending Altcoins on: March 18, 2020, 04:09:54 PM
I prefer a project with basic fundamentals and a good product instead of a project propped up on hype alone. Why? Because hype dies eventually, which causes the price to fall again.

Based on tech, I'm a big fan of Blocknet, as they where the first project to build a DEX, their whole ecosystem is decentralized, and devs are paid through super blocks, which means investors has a LOT to say in terms of what they want to see developed. Pretty damn cool.

The most exciting thing is their XRouter however, which will be a decentralized oracle network, and a decentralized Infura network, allowing TONS of interoperabilities between blockchains and real world applications, the possibillities is endless.

More info on XRouter can be found here: https://themerkle.com/the-blocknet-protocol-this-is-what-a-decentralized-infura-looks-like/
115  Alternate cryptocurrencies / Altcoin Discussion / Re: Which altcoins will grow in price faster if the market recovers? on: March 18, 2020, 04:04:43 PM
That's a pretty hard question to answer, but I guess the top 10 coins will do pretty well. Other than that low cap projects can gain pretty fast as well, as it doesn't require a lot of money to move the price.

With a low circulating supply, the price of a coin/token also moves way faster, as the number of coins is limited, making it scarce.

Take a look at Blocknet.

1) Scarce supply, only 6 million coins
2) Low marketcap
3) Amazing tech, DEX up and running, and soon their Xrouter, which you can read more about here: https://themerkle.com/the-blocknet-protocol-this-is-what-a-decentralized-infura-looks-like/

In terms of ROI, this one can easily do a 100x based on the tech alone, probably more.
116  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Lightning Network - Thoughts? on: March 16, 2020, 07:59:13 PM
Guess I need to do some research on Lightning, as this post above is pretty damn interesting.

I've seen a lot of hate on Lightning as of lately, but this seems like a cool implementation idea. Thanks for posting.

The hardest challenge in Bitcoin's case is maintaining a consistently reliable infrastructure at the 2nd level. By embedding LN nodes into a scalable masternode network that already runs 24/7, we can establish a permanent base of stable, constantly open and active channels to process transactions.

Bitcoin needs a solution like this to scale beyond it's on-chain tx bottleneck effectively. The amount of on-chain transactions available at any given time needs to be as thoroughly optimized as it can be to make the most constructive use of the network at any given point, and I believe it's best to reserve as much of that tx/time bandwidth for transactions involving larger sums of money that need the additional protections granted by on-chain (traceability, never lose funds in a channel by mistake).

It’s inherently awful for sending small sums of money. Buying a concert/sports ticket at the gate, paying the check at a restaurant, waiting for the payment to process when you're buying a beer or in the front of a long line at the grocery store? From multiple wallets if you and a friend want to grab coffees? On-chain is way too slow to compete with cash or traditional ecommerce for everyday use.

It would be best to treat on-chain Bitcoin tx in a finite and priority-based manner like IPv4 addresses are in a network: finite, high priority, highly-organized, and in high-demand.

Lightning, alternatively, compliments Bitcoin in the same way that subnets compliment IPv4. Each and every one of those addresses in the IPv4 range are critical for expanding the internet and subnets allow for many more nodes and devices to participate on the network without crowding it. There are only so many plots of land in Hong Kong or Manhattan, but great density is achieved by building up. The internet is built up in a similar way. The IPv4 internet would have maxed out long ago and it would have been severely stunted.

For Lightning to do it's job in this way, it needs to be integrated with Bitcoin in a way that is economically feasible. The idea that near-zero fees are a threat to mining profitability and network security is very real. Routing near-zero fees on any small-scale level is barely profitable so liquidity is low and centralization looms.

Stakenet’s network appears to be the most cohesive answer to this problem. Stable, centralized liquidity pool from a purely decentralized engine.


Great explanation.
I'm sure a lot of people don't understand most of it, but in a nutshell:

There's NO incentive to run Lighning nodes on BTC alone from a financial aspect due to the low fees you'll earn
On top of Stakenet's masternodes (which is already running in profit) a Lightning Node with it's small income will be an "added" income stream on top of block rewards, which makes this whole setup unique and interesting.

Thanks for posting!
117  Alternate cryptocurrencies / Speculation (Altcoins) / Re: Blocknet's XRouter Can Pull In MASSIVE Amounts Of Fee's To Node Owners on: March 16, 2020, 07:02:57 PM
Interesting. So basically you can collect XRouter AND DEX fee's along with the traditional block rewards from holding a node?
Might need a deeper look into it. Wasn't aware of all these passive ways of income through the network, just parts of them.

I'm sure it will take a while before we see any major adoption of these services on the larger scale though, long term perhaps.

Forgot I even made this thread, haha.

Yes, you'll be able to profit passively from all 3 sources if you run a node. If you can't afford a node you can stake your coins like any other Proof Of Stake coin out there.

If Blocknet truly takes off with partnerships etc. in the future, you could make a hefty sum of profits from a node or two, especially from the XRouter.

Thanks for your reply. I guess I need to do some more research on their XRouter and how it works. Potentially this could be a big deal, but so could a lot of things crypto related, so I need to do some hefty research before I jump ship.
118  Alternate cryptocurrencies / Altcoin Discussion / Re: **Best POW/POS newcomer coin in 2020** on: March 16, 2020, 06:58:49 PM
I wouldn't touch ANY new projects this point in time where the overall market is SO bearish. There's simply no point, as even the top 20 coins is SO cheap to enter at this point.

If you look at low cap projects like Blocknet, you can make even more in terms of ROI. Blocknet to name an example was founded in 2014, and soon has 2 products on the market, on top of their DEX, which is:

XRouter/Xbridge, which essentially is a decentralized oracle network, which can communite with real world applications, and other blockchains.
Multi Currency Wallet Lite wallet which can be used to trade on their DEX, without syncing any chains, saving a ton of time.

New projects lauching is doomed to failure because of lack of "hype" and marketing. It's that simple
119  Alternate cryptocurrencies / Altcoin Discussion / Re: This Week In Crypto on: March 16, 2020, 06:52:48 PM
At this rate, Tether will be ranked #1 within a few years. It keeps gaining in marketcap due to printing of new coins all the time, propping up the cap of the project. In 2017 it was not even in top 20.

We're in for one hell of a ride, buy the blood.. And you'll do well once the market moves around and go BULL. I'm accumulating BLOCK and a few other DEX related projects, as I believe decentralized trading is the future, since regulation will be enforced WAY harder than now on all exchanges around the world, which I'm sure a lot of people is against.
120  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][XSN] Stakenet - The World's First Trustless Proof of Stake Coin on: March 13, 2020, 04:15:09 PM
What are the latest news about the new wallet guys ? Did anyone test it in 2020 ? I know it worked well in December as I took a preview on it and it looked amazing. I know that roadmap haven't been completed for 2019 but lets admit that they achieved a lot without having a lot of back-up money for the project...so if we look at some of the top coins who have a lot of budget but when it comes to marketing and tech, they are still late with them. I still hope 2020 will be a great year for Stakenet.
I'm still in the beta testing group. The community is still testing and giving feedback on a daily basis. New builds have been coming out every few days. Lightning swaps have been working for some time now. They're currently focused on integrating trading bots and ETH Raiden interoperability. Both of these should be ready to go at launch. It's been a little quiet on the surface, but a lot of progress is being made.

Another update should be coming in the next few days. If you're still in the group, you should pop back in and test the wallet out again. Cheesy

Some further info on the DEX trading bot interface for those interested:
https://github.com/X9Developers/DexAPI
https://github.com/X9Developers/block-explorer/blob/develop/api_docs.md

Thanks for the update. I was wondering what was happening behind the scenes. I'm sure if this DEX takes off, that the project itself could increase exponentially in price due to use case alone.

Hopefully we'll see the DEX in action very very soon!  Cool
Should be a matter of weeks...

Thanks Smiley I've seen a ton of screenshots, and it looks sick!! If this works the way it's supposed to, I can imagine a LOT of people will find it convenient to use over traditional centralized exchanges.

Awaiting patiently here!
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