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

[commenter]

After the finished tech is out with UI how the integration of new coins will be made? Will the devs of the interested coins be able to list their coins on dx themselves or they must seek the authorization from Blocknet`s dev for this?

I don't think you need authorization.

Double check for your self because I'm extremely tired and busy, but what I understood from the instructions is that the coins the Dev is adding are automated so you do not have to add them manually.

Any other coin with Jsupport for OP_CHECKLOCKTIMEVERIFY and JSON RPC interface from Bitcoin Core can be added  be added manually to the exchange, but read it yourself and check with Devs I'm unsure until I try it my self.

I'm going to join the slack conversation and tinker with it my self, later tommorow

No authorisation is required.
No coding is required.

If a coin supports OP_CHECKLOCKTIMEVERIFY and has a stock JSON RPC interface, it will "just work."

We're building infrastructure; in my view you shouldn't need permission to use infrastructure.

That alone is a huge deal. When the node fees are ready.

Nodes will be able to collect trade fees on the ICOs released on the platform.

This should be a very simple way to release an ICO. Any one who builds a coin that supports  

OP_CHECKLOCKTIMEVERIFY and has a stock JSON RPC interface can launch it on the platform.

This is a great point that I have not seen mentioned that much before.

Besides ICOs, Blocknet has massive potential, especially with the Global Cyber attacks going on.

https://www.yahoo.com/tech/experts-try-figure-whos-behind-085444979.html

You can use two computers one to trade and the other to keep cold offline wallets that you use only to transfer the coins you will trade.

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[TronQuix]

Did OSX wallet get released yet? I'm getting an error from the site?

[bamsterdam]

I also think block has a better aproach of dex then waves. But its not always the best idea that wins. Although I think there is room for both coins to exist the only thing that worries me is that things might develop to slow since they have to do everthing alone. Waves have a lot of funding and a hole team developing the protocol.

So there was a ICO for block some time ago now, dont think there is much left from that money? Is there any way we can add (payd)members to the team so development can speed up? I dont know how much of the code is allready opensource if not all so what is stopping a more funded team to use the source code and try be theyre first?  

I think for block to be a huge succes there has to be more then 2 people working on the code. From what I read Dan is a really good coder but he is one man and there are limits to what he can do plus he has the xc community as well.

I dont know for sure but I thought I saw Dan day on slack something about 10% of the block reward goes to funding in the future?

How does the community see this?

I am totally fine with 10% dev funding mechanism. I only hope we can increase the team size. Time is blocks worst enemy at this stage.

Without funding projects die. So long as the spending is on a ledger there is no issue with funding mechanisms of even greater than 10%

Time is blocks biggest enemy indeed I think more devs are needed for the succes of this project and therefore funding is needed. Competitors have major funding compared to block. Is there some info on how much of the ico is used? I read about a new feature where coin staking rewards can be contributed to development? Does this mean like donating? Hope it will be a % directly from the blocks? I thought that the pos rate of block was low ? isnt it better to get a % from the pow blocks instead?

I read in other posts that waves is just a coulered coin approach not really decentralized and the only reason their marketcap is higher is bc of marketing and is therefore dismist as a real competitor. I understand that feeling but remember at the same time same things where sayd about dash (bad anon solution only markething etc) and that turned out different then lot of people thought. Better tech is not always enough to come out as the winner of the game.

Nice to hear the devs are looking to add some members, I missed who the gui is going to build? a busy guy appearently? in what timeframe can we expect it? read all different kind of timeframes?

I think the devs have the right approach of solving this problem but time will be of the essence and I think some way of funding for expanding future development and marketing is needed for this project to reach the potential it deserves. We must be there at the front of the new era where dx's are the way to exchange your coins since block has the best tech to do so.

[commenter]

Tech or no Tech, Block should have a market cap of 9million right now when you compare it to coins in the 9million market cap range.

Its way under valued, but yes the dx (decentralized exchange) has huge potential for many reasons.

[truxton]

Did OSX wallet get released yet? I'm getting an error from the site?

I think this is the most recent build: http://builds.xcurrency.co/BlocknetMacos/Build%20Macos/1418/

[cr197]

Tech or no Tech, Block should have a market cap of 9million right now when you compare it to coins in the 9million market cap range.

Its way under valued, but yes the dx (decentralized exchange) has huge potential for many reasons.

With the recent spike in price it's only natural for a couple bag holders to want to cash out. I've been tracking one that deposited 150K to bittrex. Now he's down to 40K.
Point being is that they will eventually run out. Sure it will increase the interest of day traders, but that can be a good thing as they help to keep the growth in price somewhat more organic.

I think in the next 6 months it will easily jump over 100 million marketcap, especially considering that about 75% of the top 50 marketcap coins are nothing but hypeware.

[CoinHoarder]

I added Blocknet to the DEX thread. Let me know if there are any edits I should make... please do so in the DEX thread so I am sure to see it. I don't follow this thread super closely.

I also had a suggestion as to how to make trading in the Blocknet exchange (and utilizing its tech for other uses) easiest: "It is also possible to make a multicoin SPV wallet so you don't have to download the blockchains, and you don't need to run several cryptocurrency's wallets separately."

Blocknet
- Status: Alpha
- Website: http://blocknet.co/
- BCT Thread: https://bitcointalk.org/index.php?topic=829576.0
- Blocknet is not only a DEX, it is a peer-to-peer protocol between nodes that connects different blockchains. The DEX is its first application.
- Trades are done in a fully decentralized manner via autonomous atomic swaps
Strengths:
- No derivatives, multisignatures, or IOUs
- Direct trading via atomic swaps
Weaknesses:
- You must download the entire blockchain of each coin you want to trade, have the wallets running, and configure the RPC username/pass*
- Trading is not implemented yet, it is in alpha testing


* You will not have to download the entire blockchains once SPV nodes are made compatible. It is also possible to make a multicoin SPV wallet so you don't have to download the blockchains, and you don't need to run several cryptocurrency's wallets separately.

[G-Bert]

I added Blocknet to the DEX thread. Let me know if there are any edits I should make... please do so in the DEX thread so I am sure to see it. I don't follow this thread super closely.

I also had a suggestion as to how to make trading in the Blocknet exchange (and utilizing its tech for other uses) easiest: "It is also possible to make a multicoin SPV wallet so you don't have to download the blockchains, and you don't need to run several cryptocurrency's wallets separately."

Blocknet
- Status: Alpha
- Website: http://blocknet.co/
- BCT Thread: https://bitcointalk.org/index.php?topic=829576.0
- Blocknet is not only a DEX, it is a peer-to-peer protocol between nodes that connects different blockchains. The DEX is its first application.
- Trades are done in a fully decentralized manner via autonomous atomic swaps
Strengths:
- No derivatives, multisignatures, or IOUs
- Direct trading via atomic swaps
Weaknesses:
- You must download the entire blockchain of each coin you want to trade, have the wallets running, and configure the RPC username/pass*
- Trading is not implemented yet, it is in alpha testing


* You will not have to download the entire blockchains once SPV nodes are made compatible. It is also possible to make a multicoin SPV wallet so you don't have to download the blockchains, and you don't need to run several cryptocurrency's wallets separately.

Where abouts is the DEX thread? Do you have a link?

Also the feature you have suggested is already in the pipeline

[greyskies]

I added Blocknet to the DEX thread. Let me know if there are any edits I should make... please do so in the DEX thread so I am sure to see it. I don't follow this thread super closely.

I also had a suggestion as to how to make trading in the Blocknet exchange (and utilizing its tech for other uses) easiest: "It is also possible to make a multicoin SPV wallet so you don't have to download the blockchains, and you don't need to run several cryptocurrency's wallets separately."

Blocknet
- Status: Alpha
- Website: http://blocknet.co/
- BCT Thread: https://bitcointalk.org/index.php?topic=829576.0
- Blocknet is not only a DEX, it is a peer-to-peer protocol between nodes that connects different blockchains. The DEX is its first application.
- Trades are done in a fully decentralized manner via autonomous atomic swaps
Strengths:
- No derivatives, multisignatures, or IOUs
- Direct trading via atomic swaps
Weaknesses:
- You must download the entire blockchain of each coin you want to trade, have the wallets running, and configure the RPC username/pass*
- Trading is not implemented yet, it is in alpha testing


* You will not have to download the entire blockchains once SPV nodes are made compatible. It is also possible to make a multicoin SPV wallet so you don't have to download the blockchains, and you don't need to run several cryptocurrency's wallets separately.

Basic trading is implemented and working but there is no user friendly interface to it. I would say it's beyond alpha.

[truxton]

Hello all.

https://www.facebook.com/theblocknet/

Come and like! 

[TheAwkwardBrit]

Will this project have a website exchange or will it only be available in it's own client?
This is a question that sprung to mind today.

[greyskies]

Will this project have a website exchange or will it only be available in it's own client?
This is a question that sprung to mind today.

A website could be done but it's impossible to do it in an entirely decentralised way. It's not in the pipeline. A desktop client is being worked on.

[MR1]

when does POS begin? What block will POS begin? Thanks

What do you mean? BLOCK token is POS. You earn annual 3% when staking BLOCK.

[Ano]

when does POS begin? What block will POS begin? Thanks

This token in only POS there was never POW. So if you want to buy for POS than it is already in that phase. Buy and hold them for exchange node this would turn this in money machine when this system will be functional.

[truxton]

Block at new all time high! $2.52 and rising!   

[truxton]

Approaching 10M Cap.

[greyskies]

Breaking news on Slack. The lead dev Dan has figured out a way to have website based front end to the decentralised exchange using HD keys.

This will definitely make adoption dead easy.

[vlight]

Block at new all time high! $2.52 and rising!  

Breaking news on Slack. The lead dev Dan has figured out a way to have website based front end to the decentralised exchange using HD keys.

This will definitely make adoption dead easy.

Great fundamentals, undervalued, almost a breakout from triangle on daily chart. This looks almost too perfect, that's why it might fail  

[truxton]

Project just gets better every day. 

[MR1]

Breaking news on Slack. The lead dev Dan has figured out a way to have website based front end to the decentralised exchange using HD keys.

This will definitely make adoption dead easy.

Kudos Dan!