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

[criptix]

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.)

using your example all cryptos are centralised if you use crypto without mining them?

i think your explanation is very misleading.

there is no central authority x that controls y.

[synechist]

using your example all cryptos are centralised if you use crypto without mining them?

No, the context is networking between blockchains.

If they're networked via a hub, then the network is centralised.

This is true even if the hub is blockchain-based.

In such a scenario (e.g. Atomic, and also sidechains in a different way), a central blockchain records transactions between all other blockchains. Thus, even though the central blockchain is internally decentralised, its position in the inter-chain network is as a centralised entity.

See what I mean?

[synechist]

More coverage for the Blocknet-Horizon-Bitnation partnership!


http://www.btcfeed.net/news/harnassing-blockchain-technology-create-diy-governance-2-0/

[criptix]

using your example all cryptos are centralised if you use crypto without mining them?

No, the context is networking between blockchains.

If they're networked via a hub, then the network is centralised.

This is true even if the hub is blockchain-based.

In such a scenario (e.g. Atomic, and also sidechains in a different way), a central blockchain records transactions between all other blockchains. Thus, even though the central blockchain is internally decentralised, its position in the inter-chain network is as a centralised entity.

See what I mean?

i understand what you mean, but i'm not convinced.

taking atomic for example - without the peers of the network (miner) nothing would work. i think there is no stronger definition of fog computing and decentralisation.

i think it really depends on the viewpoint and understanding of the definition of centralisation.
so i guess we can agree to disagree

[Cassius]

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.)

By the same token, could you call Blocknet centralised around... Blocknet? It seems like a very strange distinction to make.
Re: Slack, I'm not saying it would be welcome with open arms, but there are already other Blocknetters there and they haven't been tarred and feathered yet.

[synechist]

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.)

By the same token, could you call Blocknet centralised around... Blocknet? It seems like a very strange distinction to make.
Re: Slack, I'm not saying it would be welcome with open arms, but there are already other Blocknetters there and they haven't been tarred and feathered yet.

Well, no. The Blocknet is a network. If its architecture is decentralized, then it's foggy. If it's centralized, then it's cloudy.

Maybe an analogy will help me express myself. The fact that the Blocknet is a network of networks is equivalent to the fact that the internet is (partly) a network of LANs. Now if every LAN was decentralised but the internet was centralised, then the internet would still be centralised. But if the internet was decentralised, then it would still be so even if every LAN was centralised.

The bottom line: if a network-of-networks is centralised, this property is unaffected by nature of the sub-networks. That's why I've said earlier that I think Multigateway renders SuperNET a cloud service bus.


Anyway...

Sign me up for the SuperNET Slack! It sounds like it's worth a try.

[Cassius]

My point was that centralisation is an odd way to describe anything in this space and the fact that users will have to download a Blocknet client somewhat 'centralises' it... it was a reductio ad absurdum.

You'll need to PM noashh for an invite to Slack as he'll send you an invite by email. Welcome!

[starblocks]

hello @synechist it's my crazy ass again, can you give me an invite to slack please? some things to discuss perhaps, if you like - no pressure

[battbot]

hello @synechist it's my crazy ass again, can you give me an invite to slack please? some things to discuss perhaps, if you like - no pressure

To register for Blocknet slack visit the following link:

http://goo.gl/forms/UkViMl2fKn

[starblocks]

hello @synechist it's my crazy ass again, can you give me an invite to slack please? some things to discuss perhaps, if you like - no pressure

To register for Blocknet slack visit the following link:

http://goo.gl/forms/UkViMl2fKn

i don't own any yet but i'm an advocate, still waiting to see how this concept goes direction wise

[battbot]

hello @synechist it's my crazy ass again, can you give me an invite to slack please? some things to discuss perhaps, if you like - no pressure

To register for Blocknet slack visit the following link:

http://goo.gl/forms/UkViMl2fKn

i don't own any yet but i'm an advocate, still waiting to see how this concept goes direction wise

I see.  Well, in case you didn't know, you don't need to own BLOCK to join Blocknet's Slack.

[infinitechaos]

Email blocknetslack@gmail.com if seeking an invitation to the Blocknet Slack.

The registration form's primary purpose is to explain how to sign a message to an address for those who wish to verify ownership of 1000 BLOCK and join the private verified group.

[biskyb33]

hello @synechist it's my crazy ass again, can you give me an invite to slack please? some things to discuss perhaps, if you like - no pressure

To register for Blocknet slack visit the following link:

http://goo.gl/forms/UkViMl2fKn

i don't own any yet but i'm an advocate, still waiting to see how this concept goes direction wise

Even I couldn't resist finally buying in today

[SouthernBTC]

Hey peeps, I wanted to let everyone know my website just went live. Www.bloctopus.com

Right now I have one design. I am working on my second series of Bitcoin/Blockchain inspired tshirts which should be ready soon; the communities support would be greatly appreciated. Sadly I do not accept XC or block yet, but I do accept bitcoin.

Put on a Bloctopus tshirt and help us change the world one block at a time. Go out and spread the word. Be square, be loud, & be proud. Declare, "I am Bloctopus!"

[Dungor]

hello @synechist it's my crazy ass again, can you give me an invite to slack please? some things to discuss perhaps, if you like - no pressure

To register for Blocknet slack visit the following link:

http://goo.gl/forms/UkViMl2fKn

i don't own any yet but i'm an advocate, still waiting to see how this concept goes direction wise

Even I couldn't resist finally buying in today

lol, Bisky you are awesome!

[biskyb33]

lol, Bisky you are awesome!

coming from you,, dungor, that is a very high compliment  

[richwang]

silent again

[battbot]

silent again

There is activity daily on slack.  Why don't you join?

[starblocks]

hello @synechist it's my crazy ass again, can you give me an invite to slack please? some things to discuss perhaps, if you like - no pressure

To register for Blocknet slack visit the following link:

http://goo.gl/forms/UkViMl2fKn

i don't own any yet but i'm an advocate, still waiting to see how this concept goes direction wise

Even I couldn't resist finally buying in today

Well spotted. I invested early but sold that ages ago as it wasn't very clear what this was going to become, but bought back in now and registered with the form for the private group

Will be jumping onto the slack soon

[synechist]

Announcing the Blocknet Explorer!


http://block.blockexplorer.cc/chain/Blocknet

- correct coin supply
- API for other data sources like coinmarketcap