Blocknet solving Ethereums Centralized Data Protocol - Infura

[BTCXRPADA]

Never heard of "infura" before, but it worries me a bit that Ethereum functions like this?

When is this ready for public use?

Devs said 2021, that's all we know for sure right now.

Never heard of "infura" before, but it worries me a bit that Ethereum functions like this?

When is this ready for public use?

Would like to know as well. A few weeks ago when I logged into my metamask account, it said I had 0 tokens on it. I freaked the FUCK out, lol. I thought I was hacked or something, almost got a heart attack, lol. I read about some "Infura outage", but didn't know the technicals behind it. 

Ethereum has some centralized points of failures. Nobody cares until something like this happens, haha. Funny thing is, Infura processes millions of dollars worth of fees every day, fees which could be paid to service nodes on the Blocknet chain. 

Thanks, guess I need to do some research into Ethereum and Blocknet, seems really interersting, especially because I've never really seen Infura being discussed before.

Only very few people know about Infura from what I've seen. Millions of dollars worth of fees is collected through this node, so it's a very profitable business, however if it goes down, you'll see people freak out, haha.
Blocknet's Infura replacement is just one aspect of their Oracle Network though, they can bridge any blockchain using their XRouter. 

[2020Crypto]

Never heard of "infura" before, but it worries me a bit that Ethereum functions like this?

When is this ready for public use?

Devs said 2021, that's all we know for sure right now.

Never heard of "infura" before, but it worries me a bit that Ethereum functions like this?

When is this ready for public use?

Would like to know as well. A few weeks ago when I logged into my metamask account, it said I had 0 tokens on it. I freaked the FUCK out, lol. I thought I was hacked or something, almost got a heart attack, lol. I read about some "Infura outage", but didn't know the technicals behind it. 

Ethereum has some centralized points of failures. Nobody cares until something like this happens, haha. Funny thing is, Infura processes millions of dollars worth of fees every day, fees which could be paid to service nodes on the Blocknet chain. 

Thanks, guess I need to do some research into Ethereum and Blocknet, seems really interersting, especially because I've never really seen Infura being discussed before.

Only very few people know about Infura from what I've seen. Millions of dollars worth of fees is collected through this node, so it's a very profitable business, however if it goes down, you'll see people freak out, haha.
Blocknet's Infura replacement is just one aspect of their Oracle Network though, they can bridge any blockchain using their XRouter. 

The amount of data flowing throug Infura is insane. Metamask is used by millions of people, and these millions of people rely on Infura.
Pretty crazy, since the CEO of Nexus was recently hacked on Metamask.
Source: https://decrypt.co/51355/hacker-steals-8-million-from-nexus-ceo-by-remotely-changing-metamask?utm_source=reddit&utm_medium=social&utm_campaign=sm

[2020Crypto]

Ethereum went down because of Infura just the other day. SO many people panicked when they logged into metamask to see their balance at: 0.00

Blocknet's Infura solution could be integrated straight into Metamask and give people the option to use a completely decentralized data transmitter in the future, instead of relying so much on Infura itself!

So if i understand this right. Blocknet has developed their own data transmission service which prevents such outages on the Ethereum network? Pretty insane that nobody seems to talk about this, guess we need to see it in action before people take notice, and actually make USE of it.
There's so many "concepts" and ideas that never reach completion, which is why I'm guessing so many people are sceptical.

[notyouraverageTrader]

Okay, folks... I'm not a programmer so I can't interpret code but from a network perspective, this platform seems very innovative and inventive.

To put it simply. Blocknet has 3 main tech...

XBridge - A decentralized exchange layer that connects any blockchain asset via cross-chain atomic swaps.

Xrouter - A decentralized communication layer that connects bulky blockchain networks to the lightweight multi-chain dApps of the future.

XCloud - A decentralized microservice cloud network powered by XRouter that allows for interaction with microservices, blockchains, APIs, and cloud tech that's hosted by Service Nodes. Developers will be able to put both blockchain and non-blockchain microservices on Blocknet’s “public cloud” decentralized network. This allows applications to run entirely decentralized, opening the door to the possibility of monetizable, fully decentralized applications.

I Believe there's a lot of money to be gained from running nodes on these DEXs. This is why I recently accumulated a Blocknet node to cash in on DEX trading fees. 

[Bear_Hug]

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 

[RIPpleForever]

Blocknet is Purely Decentralized. Gone are the days when centralized systems are widely used because they're efficient. Blocknet is technically about 10x easier compared to other DEX's. In addition to being a lot easier to monetize as well.

And here's how the Blocknet Protocol works:

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.

[red_candle]

Ethereum dapps are currently quite centralized because they rely on a full node run by Infura. That node is supposedly more than 1 terabyte large or 500 GB above. I have no idea how large it is now

So I'm happy to see that Blocknet will replace the Centralized Infura. I hope that my favorite coin ADA can also prevent something like this.

[SpeedIsAllINeed]

It's gonna be an interesting year.

New roadmap released for this project, looking forward to cold staking and the final release of XRouter

[felipepoide79]

Blocknet is one of the best cryptocurrency projects alongside Bitbay.

[Mind_Kotol]

 Liquidity is low currently but Blocknet is the real DEX with atomic swaps. No KYC, you keep your keys. Blocknet has XBridge.
 XBridge is a decentralized exchange layer that connects any blockchain asset via cross-chain atomic swaps.