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

[Irky]

How do you buy a node ?

Maybe stupid question but I just bought BLOCK so...

Thanks

- buy 5000 BLOCK
- download the latest Blocknet wallet from http://builds.xcurrency.co/blocknet/Build/
- download wallets of coins that you want to accept trade fees from
- follow the setup guide here: https://docs.google.com/document/d/1M65hM03tX16FXN-X-30ETWq21WkWts1TxQXv-LR32AU/edit?usp=sharing

Thank you just one more noob question will it always be 5000 BLOCK needed to 'buy' a node is that somehow build in and guaranteed or could it be in one year say development says you need 10K or 20k BLOCK?

Thank you very much.

We guess that the price of BLOCK will increase as we approach a mature release of the tech, and so the price to run a node is likely not to go up but to go down.

Dan is already some way toward implementing a service node voting feature, which may be the mechanism we use to collectively decide on the BLOCK amount required to run a service node.

Doesn't it make it more decentralised if there are more nodes running the network? So wouldn't is be wise to decrease the amount needed for a node so more people can support the network with a node? To avoid a dash situation where nowadays for people run a MN they have to invest a 100k and most newcomers can't afford that. Or does more nodes not make the network more decentralised and better ?
Are there other positive effect of high node price that I'm not aware of?

Maybe the fees from dex goes down per node? So the more nodes there are the less people earn with each node. So could it be that the people that are voting on the amount block to run a node take this into consideration as well and choose a option that is better for them and not for the network?

Lots of ifs but just wondering got enough for a few nodes myself so that's not the problem but I can imagine not everyone can afford it even at this prices let alone in te future when prices hopefully rises a lot.

Maybe it's possible for someone to run a service that people can buy shares(portion of a node) and can get a % of the profit a node makes

I think many people miss the point a little bit. Everyone is talking about nodes, profit, fees, pyramid schemes, amount of block needed to run a node. The bottom line is: Those people simply missed the boat.
It happens daily, many people miss boats, I missed BTC, ETH, DASH, XMR. Hell, I'd never complain, I was just too fuckn late. That's my fault. Not the fault of others.
There's no difference here. So why should it matter.
And everyone can still buy Block to get enough for a node.

Of course this aspect is important (as well), for those who didn't miss the boat. For those who supported the project from day one. For those who bought block when it was down and fudded.
You can't serve everyone. You can't make everyone happy. Not everyone can run a node.

There will be enough nodes to support the network.
The main focus is dezentralization. Period. It's the first project to pull it off. Thanx to Dan. Kudos.

Everyone should celebrate the aspect of decentralization.
And not worry about nodes.

No one draws back the price of Bitcoin for latecomers so they can get in.
Block is being traded since 2014, everyone had enough time to buy block.
And of course still has, it's dirt cheap.

One other point being missed is that owning any amount of Block enables you to stake at 3% annual rate and also to receive a portion of Blocknet network earnings, regardless of whether or not you have enough Block to run a node yourself.  (Running a node does, however, convey the ablility to earn additional transaction fees.)

[Irky]

Revenue (from Blocknet.co)

The beauty of blockchain-based tech is that it has an intrinsic token of value. Never before has monetization been so fundamental to the delivery mechanism of a service.

Microservices can be made to require a microfee, paid in truly peer-to-peer fashion from app to app.

Your app would be paid to deliver a service, and/or automatically pay the other nodes to deliver the services it needs in order to function.

Funds to pay for services can be earned through screening adverts, or earned when the app renders services to other nodes, or automatically distributed to apps through proof-of-stake.

It pays using the digital token (“coin”) native to its blockchain; this is automatically exchanged for coins native to the nodes delivering the service, which are then paid in direct peer-to-peer fashion.

Finally, when apps render a service, they also pay a microfee to the Blocknet for providing the infrastructure that makes cross-chain services possible. This fee is then distributed to holders of Blocknet tokens.

[crypto research]

XST is master blocknet coin.

[Tewmamadoe]

XST is master blocknet coin.

What does this mean how are they connected?

[crypto research]

XST is master blocknet coin.

What does this mean how are they connected?

XST is one of "founding fathers" of Blocknet. It will be listed on BLOCK`s decentralized exchange. There is no hard date though. There are several big coins in the head of waiting list.

[synechist]

Tweets on what will shape the token ecosystem's design space

[greyskies]

It sounds awesome. But is there a simple one line explanation to break it down in dumb terms for someone like me, maybe with an example.

[cryptohunter]

any reason that bittrex put their wallet in maintenance ? is there a new wallet released or are they just doing something with it?

I see in a lot of threads that many coins are wanting to get on this dex when it is out.

[vvv7777777]

Polo and Kraken being down (+ continued Bitfinex uncertainty) present a HUGE opportunity for Blocknet

[RAGEmond]

Polo and Kraken being down (+ continued Bitfinex uncertainty) present a HUGE opportunity for Blocknet

as we can see in the price % now

[2012]

Polo and Kraken being down (+ continued Bitfinex uncertainty) present a HUGE opportunity for Blocknet

as we can see in the price % now

Block is dark horse into this long race so that I am in not hurry to sell my tokens in recent situation while BTC is going high. Once this system will be available for public I will make huge profit through exchange node because it's life time opportunity.

[Jumanji7]

Why the devs do not care about the questions I asked few weeks ago?

Here it is:

Let`s assume I want to sell LTC and buy Antshares (ANS) on Blocknet exchange. I have a full node of LTC but I do not have an ANS wallet. I want to receive my ANS in a paper wallet. Do I need to have ANS`s full node to sell my LTC and buy ANS on BLOCK decartelized exchange?

Another question:

Is BLOCK able to support Lisk coin and IOTA?

[bearex]

Very nice project! Due to Shadyness of Poloniex, this would be an awsome adition. Also all coins on one "exchange" is great, so you dont have to switch because some coins are just available on some exchanges.

[tehMoonwalker]

Damn interesting project. Few questions.

Why no exchanges ? How to buy blocknet?

What is the roi estimate of a mn ?

[cryptohunter]

Damn interesting project. Few questions.

Why no exchanges ? How to buy blocknet?

What is the roi estimate of a mn ?

bittrex has blocknet

the roiz estimations will not be accurate right now since it will depend on quite a few unknown factors especially adoption I would imagine. Although this type of exchange is the future without doubt.

[drawingthesun]

Can someone please explain how Blocknet, the blocknet tokens work.

How are the tx made in a decentralized manner? I would like a small concise explanation if possible.

[greyskies]

Polo and Kraken being down (+ continued Bitfinex uncertainty) present a HUGE opportunity for Blocknet

as we can see in the price % now

Block is dark horse into this long race so that I am in not hurry to sell my tokens in recent situation while BTC is going high. Once this system will be available for public I will make huge profit through exchange node because it's life time opportunity.

And Blocknet will win the battle amongst the rise of decentralised exchanges. Why? Because it uses ATOMIC SWAPS. Not a shitty intermediary token. That means one less middleman. It means less fees. And it means all of the SERVICES that are built ON TOP of Block are not tied down to the Block chain.

Direct interchain transfer is the BOSS way of doing it.

[greyskies]

Something I posted in WAVES topic earlier:

So there is no difference between Bitshares decentralised exchange from 2 years ago and Waves decentralised exchange other than the Waves one is prettier?

I suggest some of you take a look at Blocknet - they are building a decentralised exchange but not with an intermediary token. Instead it's through atomic swaps by the xbridge technology. It's directly peer to peer which will means lower cost to the users, less friction, faster and of course it's truly decentralised.

Blocknet has been around for 2 years and is launching the hardfork in 4-8 weeks. They have demonstrated the atomic swaps, it's been tested and the exchanges can be seen in the BTC/LTC blockchains (Charlie Litecoin dev tweeted about it). So this isn't imaginary tech.

That's just the beginning though. DAPPs are coming next:

- decentralised mixer (users can mix their BTC for ZCash in a completely decentralised way and master nodes collect service fees)
- margin trading
- microservice APIs

Blocknet is super cheap market cap, peanuts compared to Waves. Only on Bittrex atm.

[greyskies]

WAVES market cap - 80 million, not launched.

BLOCKNET market cap - 8 million, tech working and demoed, hard forking in mere weeks.

Do the maths.

[greyskies]

Can someone please explain how Blocknet, the blocknet tokens work.

How are the tx made in a decentralized manner? I would like a small concise explanation if possible.

Xbridge code communicates between separate blockchains. Funds are locked up using check lock time verify on both chains and the swap is done in an atomic manner.