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

[mistercoin]

Can someone in the know explain the difference between Blocknet and SuperNet?

It is very encouraging to see BitNation selecting BlockNet as a partner over SuperNet, but it would be great to understand why.

Thanks,

G.

I would also like to know the key differences.

[1714950801]

1714950801

[1714950801]

1714950801

[1714950801]

1714950801

[GStealthCoin]

How is the development of XBridge going? Are there any key milestones coming up?

Thanks,

G.

[synechist]

How is the development of XBridge going? Are there any key milestones coming up?

Thanks,

G.

The decentralised exchange protocol is approaching prototype status.

I don't have a date to attach to this though. As you may know, software development is hard to pin down, timewise. But things are progressing.

[synechist]

Can someone in the know explain the difference between Blocknet and SuperNet?

It is very encouraging to see BitNation selecting BlockNet as a partner over SuperNet, but it would be great to understand why.

Thanks,

G.

I would also like to know the key differences.

There is one key difference that really stands out: the Blocknet is a fog computing service bus, whereas SuperNET is a cloud computing service bus. (Google those terms if you're not familiar.)

As our project develops, you will see increasing differentiation, which will be especially evident in three areas: the openness of our platform, our focus on microservices, and the markets we will be building for. http://blocknet.co outlines all this in broad strokes.

[Dungor]

How is the development of XBridge going? Are there any key milestones coming up?

Thanks,

G.

https://twitter.com/XCurrency/status/573573912010883073

[Dungor]

All Block supporters please help retweet:
https://twitter.com/Alex_Hff_K/status/575262475886665728

"@IBMIBV Check out @The_Blocknet #Opensource #fogcomputing Service Bus for #Blockchain based technology - Perfect for your #ADEPT project"

IBM IBV is the guys behind the IBM blockchain for Internet of Things paper.

[4theLOVEofCrypto]

All Block supporters please help retweet:
https://twitter.com/Alex_Hff_K/status/575262475886665728

"@IBMIBV Check out @The_Blocknet #Opensource #fogcomputing Service Bus for #Blockchain based technology - Perfect for your #ADEPT project"

IBM IBV is the guys behind the IBM blockchain for Internet of Things paper.

Done!

[biskyb33]

just wow https://www.youtube.com/watch?v=owrXnfEGzhs

[Cassius]

Can someone in the know explain the difference between Blocknet and SuperNet?

It is very encouraging to see BitNation selecting BlockNet as a partner over SuperNet, but it would be great to understand why.

Thanks,

G.

I would also like to know the key differences.

There is one key difference that really stands out: the Blocknet is a fog computing service bus, whereas SuperNET is a cloud computing service bus. (Google those terms if you're not familiar.)

As our project develops, you will see increasing differentiation, which will be especially evident in three areas: the openness of our platform, our focus on microservices, and the markets we will be building for. http://blocknet.co outlines all this in broad strokes.

No.

[Dungor]

Can someone in the know explain the difference between Blocknet and SuperNet?

It is very encouraging to see BitNation selecting BlockNet as a partner over SuperNet, but it would be great to understand why.

Thanks,

G.

I would also like to know the key differences.

There is one key difference that really stands out: the Blocknet is a fog computing service bus, whereas SuperNET is a cloud computing service bus. (Google those terms if you're not familiar.)

As our project develops, you will see increasing differentiation, which will be especially evident in three areas: the openness of our platform, our focus on microservices, and the markets we will be building for. http://blocknet.co outlines all this in broad strokes.

No.

Service bus for blockchains.

[Valta Crypto]

Service bus for blockchains.

Harry Potter.

[richwang]

price doubled

[synechist]

Can someone in the know explain the difference between Blocknet and SuperNet?

It is very encouraging to see BitNation selecting BlockNet as a partner over SuperNet, but it would be great to understand why.

Thanks,

G.

I would also like to know the key differences.

There is one key difference that really stands out: the Blocknet is a fog computing service bus, whereas SuperNET is a cloud computing service bus. (Google those terms if you're not familiar.)

As our project develops, you will see increasing differentiation, which will be especially evident in three areas: the openness of our platform, our focus on microservices, and the markets we will be building for. http://blocknet.co outlines all this in broad strokes.

No.

Service bus for blockchains.

@cassius: if no, then why?

Note that this is from a demand chain and supply chain perspective.

[criptix]

Can someone in the know explain the difference between Blocknet and SuperNet?

It is very encouraging to see BitNation selecting BlockNet as a partner over SuperNet, but it would be great to understand why.

Thanks,

G.

I would also like to know the key differences.

There is one key difference that really stands out: the Blocknet is a fog computing service bus, whereas SuperNET is a cloud computing service bus. (Google those terms if you're not familiar.)

As our project develops, you will see increasing differentiation, which will be especially evident in three areas: the openness of our platform, our focus on microservices, and the markets we will be building for. http://blocknet.co outlines all this in broad strokes.

No.

Service bus for blockchains.

@cassius: if no, then why?

Note that this is from a demand chain and supply chain perspective.

interesting, could you please give me examples for your statement regarding supernet and blocknet being cloud computing/fog computing?

from all the existing features of supernet so far it looks much more like fog computing to me (i.e. network communication and instantdex). regarding blocknet i dont have enough information to comment on.

[Cassius]

Looking at it another way, why would you say it was cloudy?

[synechist]

Can someone in the know explain the difference between Blocknet and SuperNet?

It is very encouraging to see BitNation selecting BlockNet as a partner over SuperNet, but it would be great to understand why.

Thanks,

G.

I would also like to know the key differences.

There is one key difference that really stands out: the Blocknet is a fog computing service bus, whereas SuperNET is a cloud computing service bus. (Google those terms if you're not familiar.)

As our project develops, you will see increasing differentiation, which will be especially evident in three areas: the openness of our platform, our focus on microservices, and the markets we will be building for. http://blocknet.co outlines all this in broad strokes.

No.

Service bus for blockchains.

@cassius: if no, then why?

Note that this is from a demand chain and supply chain perspective.

interesting, could you please give me examples for your statement regarding supernet and blocknet being cloud computing/fog computing?

from all the existing features of supernet so far it looks much more like fog computing to me (i.e. network communication and instantdex). regarding blocknet i dont have enough information to comment on.

Looking at it another way, why would you say it was cloudy?

Multigateway, which facilitates the exchange of currencies between nodes on different blockchains, involves groups of servers mediating the exchange.

As such, exchange between buyer and seller is not conducted on a peer-to-peer basis. There is a third party involved (albeit not a traditional monolithic third party, but groups of servers utilising m-of-3 multisig). This third party mediates the transaction, and must be trusted to do so.

The above is what it means to perform a cloud service. Processing occurs at (well, near) the centre of the network, rather than being pushed to the network's edges (i.e. the peers), which is what defines fog computing.

Therefore, Multigateway is a cloud service bus for blockchain-based nodes.

In contrast, the Blocknet's decentralised exchange is being developed on a radically p2p model, making it a fog computing service.

[Cassius]

Multigateway, which facilitates the exchange of currencies between nodes on different blockchains, involves groups of servers mediating the exchange.

As such, exchange between buyer and seller is not conducted on a peer-to-peer basis. There is a third party involved (albeit not a traditional monolithic third party, but groups of servers utilising m-of-3 multisig). This third party mediates the transaction, and must be trusted to do so.

The above is what it means to perform a cloud service. Processing occurs at (well, near) the centre of the network, rather than being pushed to the network's edges (i.e. the peers), which is what defines fog computing.

Therefore, Multigateway is a cloud service bus for blockchain-based nodes.

In contrast, the Blocknet's decentralised exchange is being developed on a radically p2p model, making it a fog computing service.

You are selecting one element of SuperNET - one of the gateway mechanisms for coins, fiat, assets etc - and characterising all of SuperNET in terms of this alone. InstantDEX is a near-realtime peer-to-peer exchange service. This is clearly not cloudy.

[synechist]

Multigateway, which facilitates the exchange of currencies between nodes on different blockchains, involves groups of servers mediating the exchange.

As such, exchange between buyer and seller is not conducted on a peer-to-peer basis. There is a third party involved (albeit not a traditional monolithic third party, but groups of servers utilising m-of-3 multisig). This third party mediates the transaction, and must be trusted to do so.

The above is what it means to perform a cloud service. Processing occurs at (well, near) the centre of the network, rather than being pushed to the network's edges (i.e. the peers), which is what defines fog computing.

Therefore, Multigateway is a cloud service bus for blockchain-based nodes.

In contrast, the Blocknet's decentralised exchange is being developed on a radically p2p model, making it a fog computing service.

You are selecting one element of SuperNET - one of the gateway mechanisms for coins, fiat, assets etc - and characterising all of SuperNET in terms of this alone. InstantDEX is a near-realtime peer-to-peer exchange service. This is clearly not cloudy.

You're entirely correct. I have only referred to Multigateway and not to all the other SuperNET components.

On the other hand, I selected Multigateway carefully. InstantDEX is p2p but runs on the NXT Asset Exchange and thus is on the NXT blockchain. Therefore it is not inter-chain – which is the context of the discussion.

To give another example of something related to InstantDEX that is cloudy rather than foggy, ATOMIC is a blockchain that records transactions of other chains. Thus it centralises inter-chain networking.

(Correct me if I'm mistaken, of course. I'm no expert on this tech and I'm happy to stand corrected if I'm mistaken.)

[Cassius]

Multigateway, which facilitates the exchange of currencies between nodes on different blockchains, involves groups of servers mediating the exchange.

As such, exchange between buyer and seller is not conducted on a peer-to-peer basis. There is a third party involved (albeit not a traditional monolithic third party, but groups of servers utilising m-of-3 multisig). This third party mediates the transaction, and must be trusted to do so.

The above is what it means to perform a cloud service. Processing occurs at (well, near) the centre of the network, rather than being pushed to the network's edges (i.e. the peers), which is what defines fog computing.

Therefore, Multigateway is a cloud service bus for blockchain-based nodes.

In contrast, the Blocknet's decentralised exchange is being developed on a radically p2p model, making it a fog computing service.

You are selecting one element of SuperNET - one of the gateway mechanisms for coins, fiat, assets etc - and characterising all of SuperNET in terms of this alone. InstantDEX is a near-realtime peer-to-peer exchange service. This is clearly not cloudy.

You're entirely correct. I have only referred to Multigateway and not to all the other SuperNET components.

On the other hand, I selected Multigateway carefully. InstantDEX is p2p but runs on the NXT Asset Exchange and thus is on the NXT blockchain. Therefore it is not inter-chain – which is the context of the discussion.

To give another example of something related to InstantDEX that is cloudy rather than foggy, ATOMIC is a blockchain that records transactions of other chains. Thus it centralises inter-chain networking.

(Correct me if I'm mistaken, of course. I'm no expert on this tech and I'm happy to stand corrected if I'm mistaken.)

I'm not an expert at every aspect of the tech myself. If you are genuinely interested in learning the differences then do drop over to Slack and ask. However, I'd be wary of calling any blockchain 'centralised', NXT or Atomic or any other, even in this context. It seems like an odd word to use to describe it. This is only the first stage, in any case, but you'd need to ask devs directly for details as I'm not at liberty to discuss them.
Ultimately if you want to differentiate the two projects, I'd think there were better and clearer ways of doing it. If you're serious about pushing crypto out to a broader user-base, then discussions about the difference between distributed and decentralised aren't going to be much of a marketing tool.

[synechist]

Multigateway, which facilitates the exchange of currencies between nodes on different blockchains, involves groups of servers mediating the exchange.

As such, exchange between buyer and seller is not conducted on a peer-to-peer basis. There is a third party involved (albeit not a traditional monolithic third party, but groups of servers utilising m-of-3 multisig). This third party mediates the transaction, and must be trusted to do so.

The above is what it means to perform a cloud service. Processing occurs at (well, near) the centre of the network, rather than being pushed to the network's edges (i.e. the peers), which is what defines fog computing.

Therefore, Multigateway is a cloud service bus for blockchain-based nodes.

In contrast, the Blocknet's decentralised exchange is being developed on a radically p2p model, making it a fog computing service.

You are selecting one element of SuperNET - one of the gateway mechanisms for coins, fiat, assets etc - and characterising all of SuperNET in terms of this alone. InstantDEX is a near-realtime peer-to-peer exchange service. This is clearly not cloudy.

You're entirely correct. I have only referred to Multigateway and not to all the other SuperNET components.

On the other hand, I selected Multigateway carefully. InstantDEX is p2p but runs on the NXT Asset Exchange and thus is on the NXT blockchain. Therefore it is not inter-chain – which is the context of the discussion.

To give another example of something related to InstantDEX that is cloudy rather than foggy, ATOMIC is a blockchain that records transactions of other chains. Thus it centralises inter-chain networking.

(Correct me if I'm mistaken, of course. I'm no expert on this tech and I'm happy to stand corrected if I'm mistaken.)

I'm not an expert at every aspect of the tech myself. If you are genuinely interested in learning the differences then do drop over to Slack and ask. However, I'd be wary of calling any blockchain 'centralised', NXT or Atomic or any other, even in this context. It seems like an odd word to use to describe it. This is only the first stage, in any case, but you'd need to ask devs directly for details as I'm not at liberty to discuss them.
Ultimately if you want to differentiate the two projects, I'd think there were better and clearer ways of doing it. If you're serious about pushing crypto out to a broader user-base, then discussions about the difference between distributed and decentralised aren't going to be much of a marketing tool.

Thanks for the invitation. I'd be interested in joining, though as far as I'm aware the SuperNET folks don't seem very positively disposed toward me for some reason. Do you think they'd actually welcome me?

I agree that there's some irony in calling blockchain-based tech centralised, though in this context - which is the networking of chains - the distinctions do apply, and without ambiguity.

(That said, I also agree that there's a lack of marketing-friendly terminology to talk about this stuff. With so many layers, each of which can be centralised or decentralised, it's a complex landscape. Once we move from developing the core components onto marketing it to customers, we will need a good set of ways to present the differences. For the time being, I'm just using technical though confusing language.)