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Author Topic: [ANN][Blocknet] truly decentralized exchange | token ecosystem infrastructure  (Read 1103260 times)
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truxton
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May 19, 2017, 01:09:26 PM
 #7181

This is amazing news. And BIG news.
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truxton
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May 19, 2017, 02:37:09 PM
 #7182

$2.70
danielwwt
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May 19, 2017, 02:38:49 PM
 #7183

$2.70

10x from $2.7!
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May 19, 2017, 03:14:11 PM
 #7184


Any update on this, Roadmap stoped at 2014, 3 years of nothing...
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May 19, 2017, 03:18:15 PM
 #7185

Any update on this, Roadmap stoped at 2014, 3 years of nothing...

That's simply not true. Coding has been continuous throughout and can be seen on Github (make sure to look at the right branch). The OP is being updated in the next week now the hardfork is coming, the project has largely been living on Slack the last couple of years.

We now have cross blockchain atomic swaps working. Actual trustless trades between separate blockchains can be done (LTC and BTC for example).

Right now though it's a complicated setup process through the command line. We have hired a UI dev who starts next week I believe to work on a pretty front end to the DEX.
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May 19, 2017, 03:34:54 PM
 #7186


Any update on this, Roadmap stoped at 2014, 3 years of nothing...




synechist (OP)
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May 19, 2017, 05:12:27 PM
 #7187

This is great project  Grin I can't wait for exchange like this when I will be able to use it  Huh

You can use it already.

Join Slack and give it a try. :-)

Co-Founder, the Blocknet
truxton
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May 19, 2017, 06:01:12 PM
 #7188

A look at the Blocknet's Inter-Chain Architecture.

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May 19, 2017, 07:14:50 PM
 #7189

Something a bit unclear to me

You can earn 3%


3% of what?

Thanks!
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May 19, 2017, 07:29:46 PM
 #7190

Something a bit unclear to me

You can earn 3%


3% of what?

Thanks!

Let's assume you have 1000 Block in your wallet
staking interest is 3% p.a (per annum)
1000 BLOCK * 0.03 = 30 BLOCK interest
prerequesite: the coins must not move from your wallet, wallet is unlocked for staking;

When you keep your coins in your wallet, you support the network. Hence you get rewarded (PoS / Proof of Staking).
Always based on the amount you actually have. The more coins, the higher the reward:
Amount of coins * 0.03 = your reward / year

STEALTHCOIN | XST | stealthcoin.com
BLOCKNET : THE INTERNET OF BLOCKCHAINS https://blocknet.co/ | A DECENTRALISED EXCHANGE THAT IS 100% TRUSTLESS.
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May 19, 2017, 07:35:06 PM
 #7191

Something a bit unclear to me

You can earn 3%


3% of what?

Thanks!

Let's assume you have 1000 Block in your wallet
staking interest is 3% p.a (per annum)
1000 BLOCK * 0.03 = 30 BLOCK interest
prerequesite: the coins must not move from your wallet, wallet is unlocked for staking;

When you keep your coins in your wallet, you support the network. Hence you get rewarded (PoS / Proof of Staking).
Always based on the amount you actually have. The more coins, the higher the reward:
Amount of coins * 0.03 = your reward / year

Thanks! Sounds good!
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May 19, 2017, 08:03:18 PM
 #7192

BLOCK JUST BROKE $3.00

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May 19, 2017, 08:11:16 PM
 #7193

 Huh Huh Huh Roll Eyes Huh Huh Huh Shocked Shocked

A website is all nice, but this interface will connect to which nodes? how will the nodes be choosen?

Will it only be the admin nodes running the interface?

Will nodes be able to open their exchanges?
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May 19, 2017, 08:14:11 PM
 #7194

Historic moment: block passes over 3 USD mark!!!  

Congrats guys! This is only the beginning!

We are heading to 5 USD  Wink
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May 19, 2017, 08:19:15 PM
Last edit: May 19, 2017, 08:31:54 PM by truxton
 #7195

Huh Huh Huh Roll Eyes Huh Huh Huh Shocked Shocked

A website is all nice, but this interface will connect to which nodes? how will the nodes be choosen?

Will it only be the admin nodes running the interface?

Will nodes be able to open their exchanges?


Its being worked out. Patience. Smiley
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May 19, 2017, 08:22:32 PM
 #7196

Nice we have hit the $3 price! Smiley

Also, will we have for sure a fixed requirement of 5000 Blocknet coins to run a service node? At this prices it's at $15000 per service node..won't that lead to less service nodes and danger that if only few nodes would be running and then they all decide to leave and sell their coins, no trading would be possible anymore? Would be great if someone cleared that for me. Smiley

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truxton
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May 19, 2017, 08:33:33 PM
 #7197

Nice we have hit the $3 price! Smiley

Also, will we have for sure a fixed requirement of 5000 Blocknet coins to run a service node? At this prices it's at $15000 per service node..won't that lead to less service nodes and danger that if only few nodes would be running and then they all decide to leave and sell their coins, no trading would be possible anymore? Would be great if someone cleared that for me. Smiley

The next build will have a voting system. 5000 is not fixed forever. The higher the value of block, the lower the amount to run a node in theory.  It can be adjusted as we go along to keep a balance.  This means that if a node price drops by a thousand for example, suddenly everyone running a node has an extra 1000 blocks to sell if they want and the overall price of a node drops.
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May 19, 2017, 08:36:31 PM
Last edit: May 19, 2017, 09:54:14 PM by free-bit.co.in
 #7198

Nice we have hit the $3 price! Smiley

Also, will we have for sure a fixed requirement of 5000 Blocknet coins to run a service node? At this prices it's at $15000 per service node..won't that lead to less service nodes and danger that if only few nodes would be running and then they all decide to leave and sell their coins, no trading would be possible anymore? Would be great if someone cleared that for me. Smiley

The next build will have a voting system. 5000 is not fixed forever. The higher the value of block, the lower the amount to run a node in theory.  It can be adjusted as we go along to keep a balance.  This means that if a node price drops by a thousand for example, suddenly everyone running a node has an extra 1000 blocks to sell if they want and the overall price of a node drops.

That's great, thanks for the information! Smiley

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May 19, 2017, 08:47:55 PM
 #7199

Congrats to all community to get new ATH block is still huge undervalued coin with its great technology. Once UI will get completed and after HF price will move to the moon now it's just preparing for big explosion.
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May 19, 2017, 08:54:59 PM
 #7200

Congrats to all community to get new ATH block is still huge undervalued coin with its great technology. Once UI will get completed and after HF price will move to the moon now it's just preparing for big explosion.

Once UI is released everyone will try to buy block tokens to set up nodes and receive huge gains. More nodes mean less coins on the market. Less coins mean higher price. To the moon guys!!! 1 Block=$50 this summer!!!
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