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

[Zenoru]

I also think that we are just days/weeks before the next rocket starts like the one brought as from 2 to 8$. Its to much phantasie at the moment the market could not react... I think these prices at the moment last for to long!

Agree - we are so stable. After going to ATHs (0.003 BTC) we corrected to a healthy level (0.002 BTC), stabilized, and it's now slowly trending up. Next target will probably be $15-20.

[scamalert0]

Hello , I am new in Blocknet project please give me the link of Roadmap and next development links ..
Thank you

[Lautrer]

@scamalert: marketing group started work just few weeks ago, things are going to be developed, whitepaper is short to be finished. You should join slack and read the OP on first side. At the moment after years of silent develpment, few things are not up to date like roadmap, ect. I think this will be done until mid of July referring to slack.

[truxton]

$7.50  

[puremage111]

$7.50  

Damn it was just 5.xx , around 220K satoshi in the morning, its now 280K

Great movement tho!

[truxton]

Update from Dev:

List of Coins (in alphabetical order) that can be traded on Blocknet Decentralized Exchange:
(To be updated as we find out about compatible coins)

BitBay
Blocknet (forthcoming)
Bitcoin
BitSwift (forthcoming)
Duality Solutions
Ethereum (forthcoming)
Litecoin
Stealthcoin (confirmation pending)
Syscoin
XCurrency
ZCash (small enhancement required on XBridge's API)         

Soft fork will occur late July when the DX goes "live".

[thejaytiesto]

Hi, could you explain what are the differences between your project and IOC and why should I invest in your project and not on IOC, or other similar projects that aim to connect different blockchains like Ark, Waves etc?

Here's the IOC whitepaper for reference:

https://internetofcoins.org/public/uploads/whitepaper_ioc.pdf

Also what will the total supply be on this one? at what rate are the coins released into the market? Is it a predictable supply? (like bitcoin:

)

In coinmarketcap it says

"10,079,084 BLOCK "

Is this the actual total supply forever or there will be some kind of inflation? How was that number determined to be the total supply?

Also another additional problems i have with Blocknet:

1) You need to run a full node for each coin you want to trade. This is unpractical because most people don't bother running full nodes. It is good to run a bitcoin core full node, but nobody that wants to speculate with alts is going to download a full node for each alt they want to trade.

2) I've heard there will be SPV support (so you can trade using wallets like Electrum) but at this point, can you still call it decentralized? Since SPV is not really decentralized.

3) I don't see what we have now as a proper exchange. It is more like a marketplace. A proper exchange needs charts, instant setting of buy and sell orders etc, high liquidity.
The reason people risk it with centralized exchanges like Poloniex is because there aren't really any other alternatives. Will you be able to achieve this same experience in a decentralized way?

What i've heard about this is pretty vague. How do you aim to achieve that in a decentralized way and working under a browser?

[truxton]

There are only 3.9 million blocks. The rest is a burn address. 3% staking per year.

Also, this might help answer your questions regarding differences between Waves & Ark and so on:

https://www.reddit.com/r/theblocknet/comments/676buj/ask_anything_about_blocknet_qa/

[Xaltotun]

I own both Blocknet and Internet of Coins. Basically I see the main differences right now is that IoC is just finishing up their ico. They only have an alpha wallet on tor. That's all they have "just a wallet" in their own words. I really like the team they assembled and have been following them since 2014. They announced their project about the same time as block. I'm looking forward to their future.

But IoC doesn't have a product yet. They are a year away from testnet. Whereas Blocknet is currently live on testnet right now. Trades have occurred between blockchains. We will have a live decentralized exchange within the near future.

The future is upon us with Blocknet. IoC is not ready any time soon.

[Zimtente]

strong btc lets c how block will do ;-P

[wwzsocki]

Where is link to download and try this Blocknet exchange? I can't find it.

[Trollollo]

Where is link to download and try this Blocknet exchange? I can't find it.

There you go

https://docs.google.com/document/d/1M65hM03tX16FXN-X-30ETWq21WkWts1TxQXv-LR32AU/edit

[wwzsocki]

Where is link to download and try this Blocknet exchange? I can't find it.

There you go

https://docs.google.com/document/d/1M65hM03tX16FXN-X-30ETWq21WkWts1TxQXv-LR32AU/edit

Thanks.

 I have to run all wallets to trade. Few of them take days to sync. I don't see mass adoption as for now. This is just too complicated for normal user and takes too much time and effort to start.

When will be user friendly app available? I can't find that info too.

[Trollollo]

Where is link to download and try this Blocknet exchange? I can't find it.

There you go

https://docs.google.com/document/d/1M65hM03tX16FXN-X-30ETWq21WkWts1TxQXv-LR32AU/edit

Thanks.

 I have to run all wallets to trade. Few of them take days to sync. I don't see mass adoption as for now. This is just too complicated for normal user and takes too much time and effort to start.

When will be user friendly app available? I can't find that info too.

You need to run only wallets of coins,what you want to trade.Join our slack,and read discussion on general channel from today.It will take you 10-15 minutes,but you will get many answers.
Synechist has answered to many questions today.
You need to understand,what blocknet is ahead of other competitors right now in building truly decentralized exchange.
People don`t trust to exchanges,but when they hear what they need to download whole blockchains of trading pairs,many of them say something like you.Process will be more user friendly in near future,but right now,you need to download full blockchains of trading pairs,but this is full decentralization.No more exchanges,what are keeping your coins and wanisch some day with all users money like it was many times before.All coins what you trade,belongs to you,and stay on your local PC.
Right now there is no date estimated,when will be more friendly user app available,but it will be there.
We are still in beginning stage of mass adoption of cryptos,and only patient people will be truly rewarded.
Like someone said on slack-"Other coins have marketing and whitepapers,with raw platforms without working tech.Blocknet made working tech,and whitepaper is in progress,and marketing is just starting"

[greyskies]

Where is link to download and try this Blocknet exchange? I can't find it.

There you go

https://docs.google.com/document/d/1M65hM03tX16FXN-X-30ETWq21WkWts1TxQXv-LR32AU/edit

Thanks.

 I have to run all wallets to trade. Few of them take days to sync. I don't see mass adoption as for now. This is just too complicated for normal user and takes too much time and effort to start.

When will be user friendly app available? I can't find that info too.

SPV trading wallet which doesn't require blockchain downloads is in the pipeline.

I remember Monero when it first came out was complicated to use and I struggled with different guides. But getting in early paid off.

[Natalya]

I found some interesting information,what can be used in marketing.
There is list of hacked exchanges and losses


   Date             Bitcoin Service Targeted                   Attack Details                        BTC stolen                  USD value
2016 Aug                    Bitfinex (exchange)             user wallets/inside job                 119,756                 $66,000,000
2016 May                    Gatecoin (exchange)               hot wallet multicurrency                                                 $2,000,000
2016 Mar                 ShapeShift (exchange)     inside job   multicurrency                                                 $230,000
2016 Mar                      Cointrader                         hot wallet                                 81 BTC                 $33,600
2016 Jan                    Bitstamp (exchange)               hot wallet                                 18,866                 $5,263,614
2015 Feb                          Bter (exchange)             cold wallet/inside job                  7,000                         $1,750,000
2015 Feb                       Exco.in (exchange)             cold wallet/inside job                    n/a                            n/a
2015 Feb                        Kipcoin (exchange)     cold wallet/inside job                  3,000                         $690,000
2015 Feb                         796 (exchange)             cold wallet/inside job                 1,000                         $230,000
2015 Jan                       Bitstamp (exchange)           hot wallet                                 19,000                 $5,100,000
2015 Jan                        Cavirtex (exchange)     user database stolen                   n/a                              n/a
2014 Dec                  Blockchain.info (wallet)   c user wallets (bug, R values)           267                         $101,000
2014 Dec                    Mintpal (exchange)                      inside job                          3,700                         $3,208,412
2014 Aug                   Cryptsy (exchange)                      inside job multicurrency                                         $6,000,000
2014 Mar                        Flexcoin (wallet)                  hot wallet                                  1,000                         $738,240
2014 Mar                 CryptoRush (exchange)    cold wallet/inside job                  950                         $782,641
2014 Jan                   Mt.gox (exchange)        hot & cold wallets/inside job          850,000                 $700,258,171
2013 Dec               Blockchain.info (wallet)     2-factor authentication breach                  800                         $800,000
2013 Nov                  Inputs.io (wallet)           cold wallet/inside job                          4,100                         $4,370,000
2013 Nov                       BIPS (wallet)                 cold wallet/inside job                          1,200                         $1,200,000
2013 Nov               PicoStocks (exchange)        cold wallet/inside job                          6,000                         $6,009,397
2012 Mar                 Linode (webhosting)                inside job                                  46,703                 $228,845

Do not be next sucker,use blocknet!

[l33tn00b]

It gets better when you update the USD value to the current price. 

[Lautrer]

@danielwwt: true words, yes, nothing, if i make a mistake its my mistake, not everyone else steals my money and buys the multicolored lamborghini  

[Trollollo]

If you want to participate in some ICO,you need to dump another coins on centralised exchange,exchange them for BTC,Eth or another crypto,send these coins to your wallet,wait for confirmations....With blocknet DX,you just need to exchange coins for Btc or Eth,and send them to ICO address without paying extra fees and waiting.

[Optimiza]

Here is my imagined user experience circa 2025 (hopefully much earlier)

I plug in the hardware wallet and run the "Blocknet Lite Client". The client reads off the keys from the hardware wallet and shows the accounts  and values for the various different coins I have, say A , B , C
I wish to trade A with B. After pushing the 'Trading' Button,  I specify the trading pair A,B and get the market information. After evaluating, I click "Trade" and after some waitable time, I note that effectively, A has been converted into B.  All in a days work, I then close the lite wallet and unplug the hardware wallet.  I would not know the technology in full detail, but I would rest assured that the  that my private keys were not exposed at any moment during the process.

Does this seem feasible and fall within the Blocknet roadmap?