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Author Topic: [ANN][Blocknet] truly decentralized exchange | token ecosystem infrastructure  (Read 834551 times)
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synechist
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To commodify ethicality is to ethicise the market


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October 20, 2014, 09:17:51 PM
 #1


    ## For a video (and scripts) of our decentralized exchange in action, see the 2nd post on this thread ##



  website   |   slack   |   twitter   |   facebook   |   reddit   |   telegram   |   chinese thread   |   russian thread
                              



                              "once you achieve trustless exchange,
                              you create space for an entire
                              ecosystem of monetized services"

                              
                              The Blocknet is infrastructure for the coming “inter-blockchain
                              era,” an emerging technology epoch characterised primarily by
                              the superseding of the current API ecosystem with an intrinsically
                              monetizable “token ecosystem.”
                              
                              From the perspective of blockchain technology, if blockchains are
                              to achieve their true potential, then broad, generic
                              interoperability between blockchain services is required. Without
                              inter-chain interoperability, blockchain-based services will (a)
                              either deliver services only within the confines of the limited
                              customer base that runs its nodes, or sacrifice the unique security
                              properties of blockchains in delivering to centralized entities, and
                              (b) face enduring problems with chain bloat and, relatedly, the
                              market-related pressure to build further features onto a single chain.
                              
                              From the perspective of software-as-a-service (SaaS), the token
                              ecosystem embodies two fundamental advancements: (a) the
                              comparatively frictionless monetisation of services, and (b) the
                              leveraging of the unique robustness, decentralization,
                              and security properties of blockchain technology.
                              
                              By creating an “internet of blockchains,” the Blocknet is positioned
                              to enable the frictionless monetisation of APIs, and in doing so, to
                              empower blockchain technology by converting its thousands of
                              isolated chains into a token ecosystem.
                              
                              
                              what the Blocknet is designed to enable

                              
                               •   The delivery of potentially any kind of digital service from a node
                                   on any blockchain to another.
                              •   The ability for any given blockchain service to function not as an
                                   “appcoin” but as a “protocol service,” that is, to be consumable by
                                   any other dapp anywhere, instead of only by its community,
                                   greatly enlarging the service’s market reach and revenue stream.
                              •   The ability for smart contracts to function not as “dapps” but as
                                   protocol tokens,” where their code quality may benefit from a
                                   broad contributor-base of developers from diverse communities,
                                   exploit their combined learnings, prevent chain bloat and the
                                   duplication of code and labour, and deliver services to the entire
                                   blockchain-consuming market, instead of just the set of users of
                                   its blockchain.
                              •   The ability to create dapps with a multi-chain architecture,
                                   leveraging relevant services no matter which chain they are
                                   available on, rending nugatory the (currently-difficult) choice of
                                   blockchain.
                              •   The capacity for a microservices architecture, where each
                                   blockchain delivers a single service, integrated with many others
                                   in a modular fashion, providing simpler component design, easier
                                   bugfixing, and easier upgrading.
                              •   The monetisation of inter-chain and multi-chain services, using
                                   their intrinsic tokens of value.
                              •   The full exploitation of the new, cryptoeconomically-driven
                                   business models ushered in by blockchain technology, in which a
                                   business may extract value from a “better than free” model, from
                                   monetary policy directly (ICOs, transaction fees, deflationary
                                   economics, etc), and from a marketplace for its monetized APIs.
                              
                              
                              how does it work?
                              
                              In brief, the Blocknet supplies three core services for inter-chain
                              interoperability: service lookup, inter-chain messaging, and
                              decentralized exchange. These are currently implemented in a
                              monolithic app, xbridgep2p.exe, and modularisation of
                              components, and abstraction of services into API façade(s) are
                              planned.
                              
                              whitepaper: in progress
                              setup guide for the current (test) build
                              FAQ: in progress
                              Video interview with Dan | Radio interview with Arlyn
                              Reddit AMA
                              
                              
                              decentralized exchange
                              
                              Crypto needs decentralized exchange like the dark ages needed
                              vaccines. As such, it is the first application of the Blocknet's
                              technology. The decentralized exchange application is currently
                              available as a beta release, and a UI is under development.
                              
                              
                              feature roadmap
                              coming soon
                              
                              
                              specs and info for the Blocknet's blockchain
                              
                              Coin supply: 3,910,516 BLOCK
                              Consensus algorithm: proof-of-stake
                              Codebase: PPC
                              Block explorer
                              Exchanges: Bittrex | Nova
                              ITO burn address
                              Proof-of-burn method
                              Proof-of-burn code

                              
                              






XCurrency:  XTUHcobVjdYTeeo9Z66xHaqK29wne7nPLx
XChat:        XHK5fr4hV4pbsdax6kxcD6MRQ1cijxWehX  |  28kxMc4gitHiYXrgzggAhr5KUhsG8onDqqBBGeL8RipZG
Bitcoin:       16WffZKRbnCKSBGXaVpra4dqT72pf3TT3V
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synechist
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October 20, 2014, 09:18:42 PM
 #2

From 20 April 2017:


Collated records of alpha/beta testing of the decentralized exchange

First ever Litecoin-Bitcoin exchange on the Blocknet



Scripts

BTC: https://blockexplorer.com/tx/f2260dbf59ffad0c58682317041d95ccb162b1785637ca531949a9c66d4c6804

LTC: http://ltc.blockr.io/tx/info/006e3b75e608662fb747b2f44eadefb52ade0859e3cb629b46679995812f2183




Video of the decentralised exchange in action during community testing







XCurrency:  XTUHcobVjdYTeeo9Z66xHaqK29wne7nPLx
XChat:        XHK5fr4hV4pbsdax6kxcD6MRQ1cijxWehX  |  28kxMc4gitHiYXrgzggAhr5KUhsG8onDqqBBGeL8RipZG
Bitcoin:       16WffZKRbnCKSBGXaVpra4dqT72pf3TT3V
ipominer
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Mine the hottest new coins at ipoMiner.com


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October 20, 2014, 09:19:55 PM
 #3

Nice work with Blocknet. As a pool, we've mined several of the coins that are included, and it is exciting to see them grow and continue development while joining forces. Rapid testing of hypotheses and technical innovation are the biggest benefits to altcoins, in my view, so I'm glad to see the work going into Blocknet.

Mine the hottest new coins at ipoMiner.com!
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Support by email at support@ipominer.com or ##ipoMiner on Freenode IRC
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October 20, 2014, 09:20:02 PM
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2500 btc?  

For what?
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October 20, 2014, 09:21:03 PM
 #5

Looking forward to this!!! Smiley
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October 20, 2014, 09:21:31 PM
 #6

Very cool

***Whale watching***
bobby6killers
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Fibre Dev


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October 20, 2014, 09:22:40 PM
 #7

Very glad to be a part of this  Grin

Fibre is coming to CryptoLand! https://bitcointalk.org/index.php?topic=737771
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October 20, 2014, 09:23:07 PM
 #8

Exciting times ahead:-)
synechist
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October 20, 2014, 09:24:02 PM
 #9

Holy shizzle i did it  Grin

Sneaky! Good work sir.

It's possible I'll ask you to put some content into your post for the Blocknet. Would you be up for it?

XCurrency:  XTUHcobVjdYTeeo9Z66xHaqK29wne7nPLx
XChat:        XHK5fr4hV4pbsdax6kxcD6MRQ1cijxWehX  |  28kxMc4gitHiYXrgzggAhr5KUhsG8onDqqBBGeL8RipZG
Bitcoin:       16WffZKRbnCKSBGXaVpra4dqT72pf3TT3V
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October 20, 2014, 09:24:35 PM
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This is such an amazing idea and development. A true step forward for crypto.
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October 20, 2014, 09:25:58 PM
 #11

UtilityCoin is glad to be part of the BlockNet project.

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October 20, 2014, 09:29:23 PM
 #12



najzenmajsen
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AMAZING F5 skills O_o


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October 20, 2014, 09:29:28 PM
 #13

Holy shizzle i did it  Grin

Sneaky! Good work sir.

It's possible I'll ask you to put some content into your post for the Blocknet. Would you be up for it?
ofcourse ! Smiley
At your service
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October 20, 2014, 09:34:46 PM
 #14

Alrighty then. I'm along for the ride, let's get this party started!
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October 20, 2014, 09:37:33 PM
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How we can buy Shears ? Shocked

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October 20, 2014, 09:38:01 PM
 #16


Yes that is already part of the plan

Join the revolution - XC - Decentralized Trustless Multi-Node Private Transactions
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October 20, 2014, 09:38:38 PM
 #17

Let's make it happen  Smiley.
synechist
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October 20, 2014, 09:39:21 PM
 #18

Holy shizzle i did it  Grin

Sneaky! Good work sir.

It's possible I'll ask you to put some content into your post for the Blocknet. Would you be up for it?
ofcourse ! Smiley
At your service

Thank you!

XCurrency:  XTUHcobVjdYTeeo9Z66xHaqK29wne7nPLx
XChat:        XHK5fr4hV4pbsdax6kxcD6MRQ1cijxWehX  |  28kxMc4gitHiYXrgzggAhr5KUhsG8onDqqBBGeL8RipZG
Bitcoin:       16WffZKRbnCKSBGXaVpra4dqT72pf3TT3V
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October 20, 2014, 09:39:59 PM
 #19

Been waiting for something like this for a long time

                       
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KeyserSozeMC
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I'm dying.


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October 20, 2014, 09:40:10 PM
 #20

I was waiting for this Smiley I'll be following this project closely!
Good luck folks.

Hey, smexy. Don't waste your time. Time's precious.
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