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

[Zenoru]

Can you make trades while you're offline with blocknet also how does it compare to BitBay who seems to have the best review?

not if you're offline i dont think.

bitbay and this are very different in a lot of ways they are not aimed at the same thing

bitbay is a double deposit escrow for a marketplace for anything. that is not like an atomic decentralised currency exchange.

they are different approaches to different goals.

both are very interesting

We are going to integrate with Bitbay. Decentralised exchange will empower their tech, and add a use-case for ours.
Dave is a good guy too, not to mention a good dev.

Nice! This is a pleasant surprise, I don't think I've heard this before. I really like the Bitbay project too.

[1715211221]

1715211221

[1715211221]

1715211221

[1715211221]

1715211221

[1715211221]

1715211221

[1715211221]

1715211221

[XCNP]

Good to see nice progress is going on and this team is growing and I hope this will bring a lot of new investors to this great project. Block will be giant by the end of this year.

[Tewmamadoe]

Yes good work but please add novaexchange on coinmarket site it is the 1500 most popular site in the world and a huge opportunity to inform people!

[cryptohunter]

Can you make trades while you're offline with blocknet also how does it compare to BitBay who seems to have the best review?

not if you're offline i dont think.

bitbay and this are very different in a lot of ways they are not aimed at the same thing

bitbay is a double deposit escrow for a marketplace for anything. that is not like an atomic decentralised currency exchange.

they are different approaches to different goals.

both are very interesting

We are going to integrate with Bitbay. Decentralised exchange will empower their tech, and add a use-case for ours.
Dave is a good guy too, not to mention a good dev.

That's a good move. I agree DZ is a good guy and talented for sure.

I think both projects are still at the earliest stages of recognition for what they will bring.

[truxton]

A survey
First-off, we felt that it would be important to understand a little of what the community wants and values about the Blocknet, and so we made a quick survey, which we'd love you to fill in: https://goo.gl/forms/lSd2iQ53W4kgQdpG2

Please take the survey to help us focus our work!

[gustopaz]

Blocknets DX will break bones to other exchanges soon or later.Waiting for UI

[bamsterdam]

I rarely check on coindesk but today I did and came across this article:

http://www.coindesk.com/cross-blockchain-trades-lightning-gives-new-life-atomic-swaps/

I dont fully understand the tech behind block but it looked very similar to blocks aproach. Block had also a timelock on the coins right? dunno about the hashlock?

Will this be direct competition for block?

[synechist]

I rarely check on coindesk but today I did and came across this article:

http://www.coindesk.com/cross-blockchain-trades-lightning-gives-new-life-atomic-swaps/

I dont fully understand the tech behind block but it looked very similar to blocks aproach. Block had also a timelock on the coins right? dunno about the hashlock?

Will this be direct competition for block?

Good question! Would you ask it in our AMA? - https://www.reddit.com/r/theblocknet/comments/676buj/ask_anything_about_blocknet_qa/

I'll answer.

[bamsterdam]

allright will do in a minute 

[synechist]

Update: a new OP will be posted shortly

[synechist]

And... here it is!





               website   |   slack   |   twitter   |   facebook   |   reddit   |   telegram   |   chinese thread
                              



                              "once you achieve trustless exchange,
                              you create space for an entire
                              ecosystem of monetized services"
                              
                              The Blocknet is infrastructure for the coming “inter-blockchain
                              era,” an emerging technology epoch characterised primarily by
                              the superseding of the current API ecosystem with an intrinsically
                              monetizable “token ecosystem.”
                              
                              From the perspective of blockchain technology, if blockchains are
                              to achieve their true potential, then broad, generic
                              interoperability between blockchain services is required. Without
                              inter-chain interoperability, blockchain-based services will (a)
                              either deliver services only within the confines of the limited
                              customer base that runs its nodes, or sacrifice the unique security
                              properties of blockchains in delivering to centralized entities, and
                              (b) face enduring problems with chain bloat and, relatedly, the
                              market-related pressure to build further features onto a single chain.
                              
                              From the perspective of software-as-a-service (SaaS), the token
                              ecosystem embodies two fundamental advancements: (a) the
                              comparatively frictionless monetisation of services, and (b) the
                              leveraging of the unique robustness, decentralization,
                              and security properties of blockchain technology.
                              
                              By creating an “internet of blockchains,” the Blocknet is positioned
                              to enable the frictionless monetisation of APIs, and in doing so, to
                              empower blockchain technology by converting its thousands of
                              isolated chains into a token ecosystem.
                              
                              
                              what the Blocknet is designed to enable
                              
                               •   The delivery of potentially any kind of digital service from a node
                                  on any blockchain to another.
                              •   The ability for any given blockchain service to function not as an
                                  “appcoin” but as a “protocol service,” that is, to be consumable by
                                  any other dapp anywhere, instead of only by its community,
                                  greatly enlarging the service’s market reach and revenue stream.
                              •   The ability for smart contracts to function not as “dapps” but as
                                  “protocol tokens,” where their code quality may benefit from a
                                  broad contributor-base of developers from diverse communities,
                                  exploit their combined learnings, prevent chain bloat and the
                                  duplication of code and labour, and deliver services to the entire
                                  blockchain-consuming market, instead of just the set of users of
                                  its blockchain.
                              •   The ability to create dapps with a multi-chain architecture,
                                  leveraging relevant services no matter which chain they are
                                  available on, rending nugatory the (currently-difficult) choice of
                                  blockchain.
                              •   The capacity for a microservices architecture, where each
                                  blockchain delivers a single service, integrated with many others
                                  in a modular fashion, providing simpler component design, easier
                                  bugfixing, and easier upgrading.
                              •   The monetisation of inter-chain and multi-chain services, using
                                  their intrinsic tokens of value.
                              •   The full exploitation of the new, cryptoeconomically-driven
                                  business models ushered in by blockchain technology, in which a
                                  business may extract value from a “better than free” model, from
                                  monetary policy directly (ICOs, transaction fees, deflationary
                                  economics, etc), and from a marketplace for its monetized APIs.
                              
                              
                              how does it work?
                              
                              In brief, the Blocknet supplies three core services for inter-chain
                              interoperability: service lookup, inter-chain messaging, and
                              decentralized exchange. These are currently implemented in a
                              monolithic app, xbridgep2p.exe, and modularisation of
                              components, and abstraction of services into API façade(s) are
                              planned.
                              
                              whitepaper: in progress
                              setup guide for the current (test) build
                              FAQ: in progress
                              Video interview with Dan | Radio interview with Arlyn
                              Reddit AMA
                              
                              
                              Feature roadmap
                              coming soon
                              
                              
                              Specs and info for the Blocknet's blockchain
                              
                              Coin supply: 3,910,516 BLOCK
                              Consensus algorithm: proof-of-stake
                              Codebase: PPC
                              Block explorer
                              Exchanges: Bittrex | Nova
                              ITO burn address
                              Proof-of-burn method
                              Proof-of-burn code
                              
                              

[chrysophylax]

And... here it is!





               website   |   slack   |   twitter   |   facebook   |   reddit   |   telegram   |   chinese thread
                              



                              "once you achieve trustless exchange,
                              you create space for an entire
                              ecosystem of monetized services"
                              
                              The Blocknet is infrastructure for the coming “inter-blockchain
                              era,” an emerging technology epoch characterised primarily by
                              the superseding of the current API ecosystem with an intrinsically
                              monetizable “token ecosystem.”
                              
                              From the perspective of blockchain technology, if blockchains are
                              to achieve their true potential, then broad, generic
                              interoperability between blockchain services is required. Without
                              inter-chain interoperability, blockchain-based services will (a)
                              either deliver services only within the confines of the limited
                              customer base that runs its nodes, or sacrifice the unique security
                              properties of blockchains in delivering to centralized entities, and
                              (b) face enduring problems with chain bloat and, relatedly, the
                              market-related pressure to build further features onto a single chain.
                              
                              From the perspective of software-as-a-service (SaaS), the token
                              ecosystem embodies two fundamental advancements: (a) the
                              comparatively frictionless monetisation of services, and (b) the
                              leveraging of the unique robustness, decentralization,
                              and security properties of blockchain technology.
                              
                              By creating an “internet of blockchains,” the Blocknet is positioned
                              to enable the frictionless monetisation of APIs, and in doing so, to
                              empower blockchain technology by converting its thousands of
                              isolated chains into a token ecosystem.
                              
                              
                              what the Blocknet is designed to enable
                              
                               •   The delivery of potentially any kind of digital service from a node
                                  on any blockchain to another.
                              •   The ability for any given blockchain service to function not as an
                                  “appcoin” but as a “protocol service,” that is, to be consumable by
                                  any other dapp anywhere, instead of only by its community,
                                  greatly enlarging the service’s market reach and revenue stream.
                              •   The ability for smart contracts to function not as “dapps” but as
                                  “protocol tokens,” where their code quality may benefit from a
                                  broad contributor-base of developers from diverse communities,
                                  exploit their combined learnings, prevent chain bloat and the
                                  duplication of code and labour, and deliver services to the entire
                                  blockchain-consuming market, instead of just the set of users of
                                  its blockchain.
                              •   The ability to create dapps with a multi-chain architecture,
                                  leveraging relevant services no matter which chain they are
                                  available on, rending nugatory the (currently-difficult) choice of
                                  blockchain.
                              •   The capacity for a microservices architecture, where each
                                  blockchain delivers a single service, integrated with many others
                                  in a modular fashion, providing simpler component design, easier
                                  bugfixing, and easier upgrading.
                              •   The monetisation of inter-chain and multi-chain services, using
                                  their intrinsic tokens of value.
                              •   The full exploitation of the new, cryptoeconomically-driven
                                  business models ushered in by blockchain technology, in which a
                                  business may extract value from a “better than free” model, from
                                  monetary policy directly (ICOs, transaction fees, deflationary
                                  economics, etc), and from a marketplace for its monetized APIs.
                              
                              
                              how does it work?
                              
                              In brief, the Blocknet supplies three core services for inter-chain
                              interoperability: service lookup, inter-chain messaging, and
                              decentralized exchange. These are currently implemented in a
                              monolithic app, xbridgep2p.exe, and modularisation of
                              components, and abstraction of services into API façade(s) are
                              planned.
                              
                              whitepaper: in progress
                              setup guide for the current (test) build
                              FAQ: in progress
                              Video interview with Dan | Radio interview with Arlyn
                              Reddit AMA
                              
                              
                              Feature roadmap
                              coming soon
                              
                              
                              Specs and info for the Blocknet's blockchain
                              
                              Coin supply: 3,910,516 BLOCK
                              Consensus algorithm: proof-of-stake
                              Codebase: PPC
                              Block explorer
                              Exchanges: Bittrex | Nova
                              ITO burn address
                              Proof-of-burn method
                              Proof-of-burn code
                              
                              

very nice mate ...

#crysx

[dishku]

Nice to see new OP is up now with new updated information. Block is moving forward in good direction I hope it will become mega project and I also waiting to hear some positive news hard fork after this people will rush to this coin.

[sysco32]

Fantastic! We are all waiting to ise it

[Tewmamadoe]

Awesome work guys.

Keep it up!!

[RoHoss]

Worth of Blocknet Node will pass soon Dash Masternode

[mav137]

Great work in the OP Arlyn, it's good to be part of this community!

[Jumanji7]

WOW just checked the new OP. GREAT!

Have you all read the topic in the OP 'what the Blocknet is designed to enable' ?

The possibilities of Blocknet are without any limit!

I see the price at $200 per Block in 2 years!

[Zenoru]

Nice new OP

BTW, the ITO burn address link seems to be broken. I think you meant to put this link? https://chainz.cryptoid.info/block/address.dws?1374.htm

[Trollollo]

Nice to see new OP!Also from new OP,I better understand the idea of Blocknet.This baby will grow huge.
I have finished Blocknet DX setup guide translation to Russian language.

https://steemit.com/blocknet/@trollollo/russian-translation-for-blocknet-dx-decentralized-exchange-setup-russkii-perevod-dokumenta-po-nastroike-decentralizovannoi

In couple days will make translation of sixarp's article.

Cheers!