[ANN][Blocknet] truly decentralized exchange | token ecosystem infrastructure

[Bavaria]

Let`s assume that I am an online marketplace owner. How can I benefit from Blocknet?

Marketplace?

Masternodes would be the only way I could figure you "benefit"

The coin count per masternode has yet to be determined.

I am not quite tech savy guy. Can you tell me a bit more what you mean?

A few numbers have been thrown around in the slack, but if you hold the set amount and dedicate it to a masternode to help secure the network/ keep blocks moving then you will receive fee from transaction cost. That's how blocknet will be profitable besides trading and hopefully price increase.

You won't own a marketplace, you will put up a sell/trade via your wallet and others bid afaik.

Who will be able to see my sell offers? Only the users of blocknet wallet?

[1713988684]

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[CryR]

Block is a Sleeping giant....

[crazywack]

Let`s assume that I am an online marketplace owner. How can I benefit from Blocknet?

Marketplace?

Masternodes would be the only way I could figure you "benefit"

The coin count per masternode has yet to be determined.

I am not quite tech savy guy. Can you tell me a bit more what you mean?

A few numbers have been thrown around in the slack, but if you hold the set amount and dedicate it to a masternode to help secure the network/ keep blocks moving then you will receive fee from transaction cost. That's how blocknet will be profitable besides trading and hopefully price increase.

You won't own a marketplace, you will put up a sell/trade via your wallet and others bid afaik.

Who will be able to see my sell offers? Only the users of blocknet wallet?

Yes anyone running the client when it is finished. Complete decentralization means NO middle man, no store, no shop, no exchange. Just you and the purchaser of whatever coin that is supported.

[Cryptoadvice_82]

WOW!!
"the official pre-release of the BTC DX Beta was pushed today to the website" - From Slack

[illodin]

WOW!!
"the official pre-release of the BTC DX Beta was pushed today to the website" - From Slack

Are there technical details released on how it works, mitigates attacks, etc?

[Cryptoadvice_82]

WOW!!
"the official pre-release of the BTC DX Beta was pushed today to the website" - From Slack

Are there technical details released on how it works, mitigates attacks, etc?

I was searching technical details too, but didn't find it 

[crazywack]

Post your questions in slack and you will get a much quicker response

[synechist]

Let`s assume that I am an online marketplace owner. How can I benefit from Blocknet?

Marketplace?

Masternodes would be the only way I could figure you "benefit"

The coin count per masternode has yet to be determined.

I am not quite tech savy guy. Can you tell me a bit more what you mean?

A few numbers have been thrown around in the slack, but if you hold the set amount and dedicate it to a masternode to help secure the network/ keep blocks moving then you will receive fee from transaction cost. That's how blocknet will be profitable besides trading and hopefully price increase.

You won't own a marketplace, you will put up a sell/trade via your wallet and others bid afaik.

Who will be able to see my sell offers? Only the users of blocknet wallet?

To avoid any potential confusion, the Blocknet does not use masternodes.

A "masternode" is something people use in coinjoin to try anonymise transactions.

The Blocknet uses "exchange nodes". Exchange nodes won't control any coins during a trade; they will function to distribute the trade fees across the network.

[leigh2k14]

Block and XC are back on my radar now:)

Decentralized exchange is complete, just needs a UI.

[illodin]

WOW!!
"the official pre-release of the BTC DX Beta was pushed today to the website" - From Slack

Are there technical details released on how it works, mitigates attacks, etc?

I was searching technical details too, but didn't find it  

I suppose if there were any they would've been presented already. Probably a conscious decision as the system will be more secure when not every hacker knows how it functions.

[synechist]

The Blocknet's DX, now supporting Bitcoin!

Up next: a UI.

[synechist]

WOW!!
"the official pre-release of the BTC DX Beta was pushed today to the website" - From Slack

Are there technical details released on how it works, mitigates attacks, etc?

I was searching technical details too, but didn't find it 

Yes, technical details will come last.

[Cryptoadvice_82]

Let`s assume that I am an online marketplace owner. How can I benefit from Blocknet?

Marketplace?

Masternodes would be the only way I could figure you "benefit"

The coin count per masternode has yet to be determined.

I am not quite tech savy guy. Can you tell me a bit more what you mean?

A few numbers have been thrown around in the slack, but if you hold the set amount and dedicate it to a masternode to help secure the network/ keep blocks moving then you will receive fee from transaction cost. That's how blocknet will be profitable besides trading and hopefully price increase.

You won't own a marketplace, you will put up a sell/trade via your wallet and others bid afaik.

Who will be able to see my sell offers? Only the users of blocknet wallet?

To avoid any potential confusion, the Blocknet does not use masternodes.

A "masternode" is something people use in coinjoin to try anonymise transactions.

The Blocknet uses "exchange nodes". Exchange nodes won't control any coins during a trade; they will function to distribute the trade fees across the network.

You know how much for running a node?
I was hearing 5k, have any update?

[leigh2k14]

Let`s assume that I am an online marketplace owner. How can I benefit from Blocknet?

Marketplace?

Masternodes would be the only way I could figure you "benefit"

The coin count per masternode has yet to be determined.

I am not quite tech savy guy. Can you tell me a bit more what you mean?

A few numbers have been thrown around in the slack, but if you hold the set amount and dedicate it to a masternode to help secure the network/ keep blocks moving then you will receive fee from transaction cost. That's how blocknet will be profitable besides trading and hopefully price increase.

You won't own a marketplace, you will put up a sell/trade via your wallet and others bid afaik.

Who will be able to see my sell offers? Only the users of blocknet wallet?

To avoid any potential confusion, the Blocknet does not use masternodes.

A "masternode" is something people use in coinjoin to try anonymise transactions.

The Blocknet uses "exchange nodes". Exchange nodes won't control any coins during a trade; they will function to distribute the trade fees across the network.

You know how much for running a node?
I was hearing 5k, have any update?

5K seems like a lot, given that there's only 3.9M coins in circulation, this could go to several dollars each quite easy making an exchange node an expensive thing.

[Cryptoadvice_82]

Let`s assume that I am an online marketplace owner. How can I benefit from Blocknet?

Marketplace?

Masternodes would be the only way I could figure you "benefit"

The coin count per masternode has yet to be determined.

I am not quite tech savy guy. Can you tell me a bit more what you mean?

A few numbers have been thrown around in the slack, but if you hold the set amount and dedicate it to a masternode to help secure the network/ keep blocks moving then you will receive fee from transaction cost. That's how blocknet will be profitable besides trading and hopefully price increase.

You won't own a marketplace, you will put up a sell/trade via your wallet and others bid afaik.

Who will be able to see my sell offers? Only the users of blocknet wallet?

To avoid any potential confusion, the Blocknet does not use masternodes.

A "masternode" is something people use in coinjoin to try anonymise transactions.

The Blocknet uses "exchange nodes". Exchange nodes won't control any coins during a trade; they will function to distribute the trade fees across the network.

You know how much for running a node?
I was hearing 5k, have any update?

5K seems like a lot, given that there's only 3.9M coins in circulation, this could go to several dollars each quite easy making an exchange node an expensive thing.

Dev says 5k required for a node last month in Slack

[leigh2k14]

Let`s assume that I am an online marketplace owner. How can I benefit from Blocknet?

Marketplace?

Masternodes would be the only way I could figure you "benefit"

The coin count per masternode has yet to be determined.

I am not quite tech savy guy. Can you tell me a bit more what you mean?

A few numbers have been thrown around in the slack, but if you hold the set amount and dedicate it to a masternode to help secure the network/ keep blocks moving then you will receive fee from transaction cost. That's how blocknet will be profitable besides trading and hopefully price increase.

You won't own a marketplace, you will put up a sell/trade via your wallet and others bid afaik.

Who will be able to see my sell offers? Only the users of blocknet wallet?

To avoid any potential confusion, the Blocknet does not use masternodes.

A "masternode" is something people use in coinjoin to try anonymise transactions.

The Blocknet uses "exchange nodes". Exchange nodes won't control any coins during a trade; they will function to distribute the trade fees across the network.

You know how much for running a node?
I was hearing 5k, have any update?

5K seems like a lot, given that there's only 3.9M coins in circulation, this could go to several dollars each quite easy making an exchange node an expensive thing.

Dev says 5k required for a node last month in Slack

It could be as expensive as Dash, to run a node in the future.

[MR1]

Let`s assume that I am an online marketplace owner. How can I benefit from Blocknet?

Marketplace?

Masternodes would be the only way I could figure you "benefit"

The coin count per masternode has yet to be determined.

I am not quite tech savy guy. Can you tell me a bit more what you mean?

A few numbers have been thrown around in the slack, but if you hold the set amount and dedicate it to a masternode to help secure the network/ keep blocks moving then you will receive fee from transaction cost. That's how blocknet will be profitable besides trading and hopefully price increase.

You won't own a marketplace, you will put up a sell/trade via your wallet and others bid afaik.

Who will be able to see my sell offers? Only the users of blocknet wallet?

To avoid any potential confusion, the Blocknet does not use masternodes.

A "masternode" is something people use in coinjoin to try anonymise transactions.

The Blocknet uses "exchange nodes". Exchange nodes won't control any coins during a trade; they will function to distribute the trade fees across the network.

You know how much for running a node?
I was hearing 5k, have any update?

5K seems like a lot, given that there's only 3.9M coins in circulation, this could go to several dollars each quite easy making an exchange node an expensive thing.

Dev says 5k required for a node last month in Slack

It could be as expensive as Dash, to run a node in the future.

It should be more expansive than Dash, coz BLOCK will have very many usecases in virtual and real world.

[leigh2k14]

Looking at the sell walls on trex and polo, it looks like we're in for a price correction soon.

[beaver6]

look at the Blocknet price hike on poloniex 

[leigh2k14]

look at the Blocknet price hike on poloniex  

I wouldn't say hike, but it's a step in the right direction. Slow and steady wins the race.

Given that this was ITO'd at 25K sat, and Dan has finally competed the decentralized exchange, I doubt there will be many sellers at this current price range.