Chainlink VS Blocknet - Comparing The Two

[GucciBoy]

After reading this thread: https://bitcointalk.org/index.php?topic=5203776

I decided to do my own research, and compare these 2 projects which have similar goals.

Chainlink wants to connect real world applications, data, etc through Oracles, same as Blocknet's Xrouter, just costing a fraction of Chainlinks solution.
Blocknet also developed the first DEX, which you can read more about here: https://blockdx.com/

I know Chainlink is hyped up more, have gotten more partnerships, and recognition, however when you look at what both teams have developed since they started, Chainlink seems to be way behind, yet is valued 200x higher in terms of marketcap, which is kinda crazy.

Besides that, Blocknet also has xBridge, and xCloud, which I wont go in details with here, since my post would be awfully long and most of you probably wouldn't read it anyway

I'm clearly biased, since I'm an investor in Blocknet as of lately, but I'm really baffled at what drives this market. I thought the hype of 2017 was long gone, but clearly it isn't, which this is a prime example off.

[CuriousGeorge]

Oh i see and i know what you tell us with your comparison is about to tell use if blocknet is still undervalued, right? In my opinion, to get a lot of recognition means the platform must be a good platform that has already proven its real usage. I kinda feel disagree with you call what already happened with chainlink is just a hype only. People buy a coin with the reason.

[BigBoy89]

They are uncomparable in financial terms and expectations.

Blocknet is relying on its DEX mostly. Even claiming that they are much more than a simple DEX (https://bitcointalk.org/index.php?topic=5203776), Blocknet doesn't have an outsider Dev support.
   
Chainlink is 200x bigger and completely more sophisticated. Allowing you to connect blockchain to any external API and open your crypto project to the real world.

Chainlink is the clear favorite here.

[CjMapope]

After reading this thread: https://bitcointalk.org/index.php?topic=5203776

I decided to do my own research, and compare these 2 projects which have similar goals.

Chainlink wants to connect real world applications, data, etc through Oracles, same as Blocknet's Xrouter, just costing a fraction of Chainlinks solution.
Blocknet also developed the first DEX, which you can read more about here: https://blockdx.com/

I know Chainlink is hyped up more, have gotten more partnerships, and recognition, however when you look at what both teams have developed since they started, Chainlink seems to be way behind, yet is valued 200x higher in terms of marketcap, which is kinda crazy.

Besides that, Blocknet also has xBridge, and xCloud, which I wont go in details with here, since my post would be awfully long and most of you probably wouldn't read it anyway

I'm clearly biased, since I'm an investor in Blocknet as of lately, but I'm really baffled at what drives this market. I thought the hype of 2017 was long gone, but clearly it isn't, which this is a prime example off.

Hype comes and goes man, its coming back now for somethings. theres usually one or two terms that people invest in a year, DEXs are this years tis' all : /
At the end of the day, by the time these projects get their asses in gear and actually produce more then promises, one of the big 5 will maybe have all their tech
meaning BTC itself, or LTC or ETH or something will have a dex, making so many projects obselete.   
Idk, its all just talk till it happens, lets see what 2020 brings!

[Mammothcoin]

I think both Chainlink and Blocknet are two exceptional projects that share certain similarities.  However, I think in terms of potential useability and technological superiority Blocknet is way ahead of Chain link although the latter has more hype. In the cryptospace, hype is what sells.

[Flux0z]

They are uncomparable in financial terms and expectations.

Blocknet is relying on its DEX mostly. Even claiming that they are much more than a simple DEX (https://bitcointalk.org/index.php?topic=5203776), Blocknet doesn't have an outsider Dev support.
   
Chainlink is 200x bigger and completely more sophisticated. Allowing you to connect blockchain to any external API and open your crypto project to the real world.

Chainlink is the clear favorite here.

So because Blocknet has more services, it's a bad thing? Where's the logic in that dude?

It's true that Blocknet doesn't have an outside dev support, but they've been laying low in terms of the developer router as they wait for certain items to mature, which will come with the v4.0.0 release. Chainlink pulled the same card. They laid low until they were ready.

Blocknet allows you to connect to external API's too, but also offers exchange capabilities and is completely decentralized. With Blocknet there's no massive 30% of circulation in the teams control. We saw just a few months ago when they dumped about $2M worth of their uncirculated supply on the market without announcement. That right there shows abuse of the community and network.

[jacafbiz]

I don't think is fair to compare the two project, the are technically not offering thesame service or product, it is just like asking why is monero not having the Mcap of Bitcoin. A lot goes into project valuation and success than the idea and the team, the quality of investors that invested into Chainlink can not be compared to Blocknet another thing is the exchanges on which they are trading

[G-Bert]

Blocknet can already do what chainlink promises to do.

[scambust]

...but I'm really baffled at what drives this market. I thought the hype of 2017 was long gone, but clearly it isn't, which this is a prime example off.

The market is irrational longer than your sanity. And hype will never be gone. It does not really go away. Humans are always attracted to shiny objects. Why do you think every five years a large billion dollar ponzi scheme always happen and go down in flames?

[GucciBoy]

I don't think is fair to compare the two project, the are technically not offering thesame service or product, it is just like asking why is monero not having the Mcap of Bitcoin. A lot goes into project valuation and success than the idea and the team, the quality of investors that invested into Chainlink can not be compared to Blocknet another thing is the exchanges on which they are trading

Chainlink is listed on Binance, Blocknet isn't.

However Blocknet is running their own blockchain, not taking the "lazy mans way" of being dependent on ethereum. Really baffled me that they launched their mainnet on the same ERC20 token they made their ICO on. Besides, Chainlink is WAY more centralized of a solution than most seem to realize. To start a node, and process requests you need to be validated/approved to do so.

Chainlink can't do anything Blocknet can't, and yet Blocknet has way more to offer in terms of products. Take a look at their xBridge and xCloud solutions as well as their DEX solution which was the first to hit the market.

I'm not trying to say that Chainlink is a "useless" project, but it's valuation seems to be way off, considering what they've accomplished the last 3 years.

Just my 2 cents though.

[Flux0z]

...but I'm really baffled at what drives this market. I thought the hype of 2017 was long gone, but clearly it isn't, which this is a prime example off.

The market is irrational longer than your sanity. And hype will never be gone. It does not really go away. Humans are always attracted to shiny objects. Why do you think every five years a large billion dollar ponzi scheme always happen and go down in flames?

Reminds me of the Onecoin scandal, lmao.
It's indeed funny how everyone seems to think Chainlink is the next Bitcoin/Ethereum when they aren't even running on their own chain yet. It just seems lazy in a way.

Great to see another guy believing in Blocknet here, pretty awesome to see people start talking about it again from time to time 

[GucciBoy]

...but I'm really baffled at what drives this market. I thought the hype of 2017 was long gone, but clearly it isn't, which this is a prime example off.

The market is irrational longer than your sanity. And hype will never be gone. It does not really go away. Humans are always attracted to shiny objects. Why do you think every five years a large billion dollar ponzi scheme always happen and go down in flames?

Reminds me of the Onecoin scandal, lmao.
It's indeed funny how everyone seems to think Chainlink is the next Bitcoin/Ethereum when they aren't even running on their own chain yet. It just seems lazy in a way.

Great to see another guy believing in Blocknet here, pretty awesome to see people start talking about it again from time to time 

Well, I only discovered it recently, after reading about it here, then I started doing my own research. I'm sure there are TONS of these gems out there, who doesn't see the light of day, simply because we're in a bull market.
In the coming years, I'm sure we'll see more and more use cases and adoption of all these technologies. Crazy to say we're still early in this game, but I actually believe we are.

[gaston castano]

I don't think is fair to compare the two project, the are technically not offering thesame service or product, it is just like asking why is monero not having the Mcap of Bitcoin.

Now i’m wondering, who has done more research on this topic.
You, this thread creator, or the previous creator?
Cause if you are saying this isn’t fair to compare these projects. Then it means thee thread creator and the previous one didn’t understand their own research?

No offense here, just asking. Cause that what makes sense if you say that.

[Cheesus]

Blocknet is a very project, please let it remain be! You can compare Blocknet vs Binance Dex or other mid-range projects! But you are comparing with legendary Chainlink! This is too much, mate. Blocknet has not the capability to compare with Link! Don't spoil blocknet's reputation from people's minds by comparing with Chainlink, because LINK is a thousand times better than Block.

[GucciBoy]

Blocknet is a very project, please let it remain be! You can compare Blocknet vs Binance Dex or other mid-range projects! But you are comparing with legendary Chainlink! This is too much, mate. Blocknet has not the capability to compare with Link! Don't spoil blocknet's reputation from people's minds by comparing with Chainlink, because LINK is a thousand times better than Block.

Don't make me laugh now… Blocknet has been around for way longer than LINK, their setup is way more decentralized, and is a way cheaper solution. Check the link to the thread I posted to in the OP, and check the comparisons between the two.

LINK and BLOCK does the same, but as a company I wouldn't pay 100x more using LINK, when I could use BLOCK for the same service.
LINK has been shilled, and pumped, making a ton of "partnerships" which doesn't reflect their tech at all. You literally have to be "approved" to run a LINK node, which makes it VERY centralized, also they chose to run their mainnet on an ERC20 token, instead of running their own blockchain, which is a lazy approach as well.

Not saying LINK is a "bad" project, but it sure isn't what everyone thinks it is, at 0.1 LINK/request it's rather expensive to use.

[mR.k0fka]

both projects will not play a significant role in the future until they start to use privacy
how the heck they want to connect the ledger to the real world info without using some privacy like ZKP
no one will use it with sensitive information ever
i think there will be better projects that will make better oracles when the industry is ready and mature for it

[shinratensei_]

both projects will not play a significant role in the future until they start to use privacy
how the heck they want to connect the ledger to the real world info without using some privacy like ZKP
no one will use it with sensitive information ever
i think there will be better projects that will make better oracles when the industry is ready and mature for it

Dude, privacy is not everything. If you wanna see your coin get a lot of demand and then you need an exchange site and another centralized entity to support your project.
Look at the fact even monero that claimed to be the number one of the anonymous coin can't even become an independent coin without depends on the centralized party.
What we need to see the utility usage and we don't care so much about privacy. So many privacy platforms these days but none of them have utility.
Blocknet and chainlink are about building the future infrastructure that will help the future developer to deploy the contract and various things easily.

[GucciBoy]

both projects will not play a significant role in the future until they start to use privacy
how the heck they want to connect the ledger to the real world info without using some privacy like ZKP
no one will use it with sensitive information ever
i think there will be better projects that will make better oracles when the industry is ready and mature for it

Dude, privacy is not everything. If you wanna see your coin get a lot of demand and then you need an exchange site and another centralized entity to support your project.
Look at the fact even monero that claimed to be the number one of the anonymous coin can't even become an independent coin without depends on the centralized party.
What we need to see the utility usage and we don't care so much about privacy. So many privacy platforms these days but none of them have utility.
Blocknet and chainlink are about building the future infrastructure that will help the future developer to deploy the contract and various things easily.

Monero fan-boys are hard to argue against. Privacy isn't everything, and I believe both of these projects could easily integrate a privacy layer on top of everything, seeing as Blocknet seems to be the most decentralized of these 2 projects it wouldn't surprise me if they did it first.
Privacy is just a small part of most projects, it's becoming an easy integration for most projects, if they want it, thus I don't see any reason to invest in a coin PURELY for privacy reasons, as it doesn't give the project itself enough "substance" to survive.

Just my 2 cents though.

[Angrydwarfs]

It's quite obvious block net is not a valid competitor to chainlink. Link has probably the biggest partnerships in crypto behind it. Google cloud, Microsoft,  Oracle.  Why did they choose link? Because it's the biggest and most advanced Oracle service about. People hate link because people on 4chan like it but it went unnoticed and it was the strongest performer in the bear market. Link is critical for any blockchains wanting to use real world data.

[Apened]

Okay if we go through their similarities, let's say they have but in terms of other things we can't really compare what chainlink is doing than the blocknet. Its like same projects with similar products and usage but the things is we don't know how chainlink team is working throughout the platform and what they did to have a recognition and be known in the cryptospace. If you believe in blocknet because of its similarity that was good you only need to follow their works and if sooner or later they have the power to make the price push because of what they've done or doing.