[2017-03-09]BlockNet launching Inter Blockchain Exchange, Price is on the rise

[Vladdirescu87]

BlockNet Team is launching an inter blockchain exchange on the BlockNet Network. The price has risen more than 400% on the announcement from the team. This is the first inter blockchain exchange to launch that involves no 3rd parties.

First "blockchain router" is on the way and its price is rising

The BlockNet represents a new breakthrough in cryptographic technology, allowing its users to "communicate" directly from one blockchain to another - without a third party involved, middle man or other non-decentralized based resource.

You can read the full article and take part in the discussion here: https://coinidol.com/blocknet-launching-inter-blockchain-exchange/

[d5000]

I think this are actually good news, as it shows that atomic cross-chain trading soon could be popular.

But that:

This is the first inter blockchain exchange to launch that involves no 3rd parties.

... is totally wrong. The first inter-blockchain exchange was implemented in Burstcoin as early as 2014, and it is working in Burst and Qora since 2015 without problems (as it is not vulnerable to malleability attacks). It is based on TierNolan's ACCT system and CIYAM's Automated Transaction smart contract protocol (one of the most underrated technologies in the cryptocurrency business, as it precedes Ethereum and is similarly powerful).

Unfortunately the CIYAM ACCT has never been ported to Bitcoin (it would have required a new opcode called OP_CHECKSTATE). So Blocknet's protocol may "win" in the end (or lose to Lightning Network that can do the same).