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

[miokirapaic]

masternodes.online has added masternode payout/roi data for $BLOCK

https://masternodes.online/currencies/BLOCK/

 

I think you have wrong data,masternode rewards are almost 3x bigger and yearly income from it is about 20k+ with this prices.
https://docs.google.com/spreadsheets/d/1Y8uRsftL_uUcDPPiRvDDxJwI2ftLZq1iPavKaGfrF_c/edit#gid=0

[NODEshare]

masternodes.online has added masternode payout/roi data for $BLOCK

https://masternodes.online/currencies/BLOCK/

 

I think you have wrong data,masternode rewards are almost 3x bigger and yearly income from it is about 20k+ with this prices.
https://docs.google.com/spreadsheets/d/1Y8uRsftL_uUcDPPiRvDDxJwI2ftLZq1iPavKaGfrF_c/edit#gid=0

Yep about exactly 3x!  Did you overlook where it says...  "Inaccurate stats. Blockchain is syncing. Progress: 36%. Remaining time: 15h 23m" at the top...

 

[cryptohunter]

Example:

Right now according to https://docs.google.com/spreadsheets/d/1Y8uRsftL_uUcDPPiRvDDxJwI2ftLZq1iPavKaGfrF_c/edit#gid=0, the staking ROI per year is ~14%.

If you have 100 BLOCK, you should get 100 * 0.14 = 14 BLOCK in stake rewards per year.

(365 days / 14 BLOCK) * (0.3 BLOCK / Stake Reward) = 7.8 days / Stake Reward on average.

Note that this 7.8 days is not constant; it is just on average. You may get lucky and find two blocks within minutes of each other or get unlucky and not find any block for a while.

@EnViRoNmEnT: you mentioned you waited 2 days and didn't get anything. According to the above calculation, you need to be staking at least 400 BLOCK to get your first 0.3 BLOCK stake reward after about 2 days.

Forgive me if it has already been covered (probably 100 times already), but I can't find out how to start staking?
I have BLOCK's in my Bittrex account, how do I start staking?

Thanks in advance!

Need to have it in your own local wallet unlocked to stake... or if you have 5k set up a service node.

Hopefully the mess is all fixed up now so no more staking issue or hacks.

I hope they have not dropped the ball on this project because this should be up there with ark and komodo.

[miokirapaic]

Example:

Right now according to https://docs.google.com/spreadsheets/d/1Y8uRsftL_uUcDPPiRvDDxJwI2ftLZq1iPavKaGfrF_c/edit#gid=0, the staking ROI per year is ~14%.

If you have 100 BLOCK, you should get 100 * 0.14 = 14 BLOCK in stake rewards per year.

(365 days / 14 BLOCK) * (0.3 BLOCK / Stake Reward) = 7.8 days / Stake Reward on average.

Note that this 7.8 days is not constant; it is just on average. You may get lucky and find two blocks within minutes of each other or get unlucky and not find any block for a while.

@EnViRoNmEnT: you mentioned you waited 2 days and didn't get anything. According to the above calculation, you need to be staking at least 400 BLOCK to get your first 0.3 BLOCK stake reward after about 2 days.

Forgive me if it has already been covered (probably 100 times already), but I can't find out how to start staking?
I have BLOCK's in my Bittrex account, how do I start staking?

Thanks in advance!

Need to have it in your own local wallet unlocked to stake... or if you have 5k set up a service node.

Hopefully the mess is all fixed up now so no more staking issue or hacks.

I hope they have not dropped the ball on this project because this should be up there with ark and komodo.

They are working hard but they lack of advertisment so they should work on that also,it seems its more important than tech itself sometimes.

[CryptoXMan]

Example:

Right now according to https://docs.google.com/spreadsheets/d/1Y8uRsftL_uUcDPPiRvDDxJwI2ftLZq1iPavKaGfrF_c/edit#gid=0, the staking ROI per year is ~14%.

If you have 100 BLOCK, you should get 100 * 0.14 = 14 BLOCK in stake rewards per year.

(365 days / 14 BLOCK) * (0.3 BLOCK / Stake Reward) = 7.8 days / Stake Reward on average.

Note that this 7.8 days is not constant; it is just on average. You may get lucky and find two blocks within minutes of each other or get unlucky and not find any block for a while.

@EnViRoNmEnT: you mentioned you waited 2 days and didn't get anything. According to the above calculation, you need to be staking at least 400 BLOCK to get your first 0.3 BLOCK stake reward after about 2 days.

Forgive me if it has already been covered (probably 100 times already), but I can't find out how to start staking?
I have BLOCK's in my Bittrex account, how do I start staking?

Thanks in advance!

Need to have it in your own local wallet unlocked to stake... or if you have 5k set up a service node.

Hopefully the mess is all fixed up now so no more staking issue or hacks.

I hope they have not dropped the ball on this project because this should be up there with ark and komodo.

They are working hard but they lack of advertisment so they should work on that also,it seems its more important than tech itself sometimes.

The team will definitely ramp up marketing once the UI is ready to be released.   They said it will be a bigger marketing effort than initially planned.

[l3pox]

Example:

Right now according to https://docs.google.com/spreadsheets/d/1Y8uRsftL_uUcDPPiRvDDxJwI2ftLZq1iPavKaGfrF_c/edit#gid=0, the staking ROI per year is ~14%.

If you have 100 BLOCK, you should get 100 * 0.14 = 14 BLOCK in stake rewards per year.

(365 days / 14 BLOCK) * (0.3 BLOCK / Stake Reward) = 7.8 days / Stake Reward on average.

Note that this 7.8 days is not constant; it is just on average. You may get lucky and find two blocks within minutes of each other or get unlucky and not find any block for a while.

@EnViRoNmEnT: you mentioned you waited 2 days and didn't get anything. According to the above calculation, you need to be staking at least 400 BLOCK to get your first 0.3 BLOCK stake reward after about 2 days.

Forgive me if it has already been covered (probably 100 times already), but I can't find out how to start staking?
I have BLOCK's in my Bittrex account, how do I start staking?

Thanks in advance!

Need to have it in your own local wallet unlocked to stake... or if you have 5k set up a service node.

Hopefully the mess is all fixed up now so no more staking issue or hacks.

I hope they have not dropped the ball on this project because this should be up there with ark and komodo.

They are working hard but they lack of advertisment so they should work on that also,it seems its more important than tech itself sometimes.

The team will definitely ramp up marketing once the UI is ready to be released.   They said it will be a bigger marketing effort than initially planned.

are there people solo staking on wallet with less than 100 BLOCK?
as far as I checked on the blockchain all the top 500 wallet have at least >1,200 BLOCK
is it worth to stake solo if you have just a small amount?

[CryptoXMan]

Example:

Right now according to https://docs.google.com/spreadsheets/d/1Y8uRsftL_uUcDPPiRvDDxJwI2ftLZq1iPavKaGfrF_c/edit#gid=0, the staking ROI per year is ~14%.

If you have 100 BLOCK, you should get 100 * 0.14 = 14 BLOCK in stake rewards per year.

(365 days / 14 BLOCK) * (0.3 BLOCK / Stake Reward) = 7.8 days / Stake Reward on average.

Note that this 7.8 days is not constant; it is just on average. You may get lucky and find two blocks within minutes of each other or get unlucky and not find any block for a while.

@EnViRoNmEnT: you mentioned you waited 2 days and didn't get anything. According to the above calculation, you need to be staking at least 400 BLOCK to get your first 0.3 BLOCK stake reward after about 2 days.

Forgive me if it has already been covered (probably 100 times already), but I can't find out how to start staking?
I have BLOCK's in my Bittrex account, how do I start staking?

Thanks in advance!

Need to have it in your own local wallet unlocked to stake... or if you have 5k set up a service node.

Hopefully the mess is all fixed up now so no more staking issue or hacks.

I hope they have not dropped the ball on this project because this should be up there with ark and komodo.

They are working hard but they lack of advertisment so they should work on that also,it seems its more important than tech itself sometimes.

The team will definitely ramp up marketing once the UI is ready to be released.   They said it will be a bigger marketing effort than initially planned.

are there people solo staking on wallet with less than 100 BLOCK?
as far as I checked on the blockchain all the top 500 wallet have at least >1,200 BLOCK
is it worth to stake solo if you have just a small amount?

It's still a % per year basis.   So, even with 100 block for example, you should still get about 12 blocks a year in staking reward.   I have had 0.7 input that staked 0.3, but I don't expect it will get another one in a LONG time.  Mostly just random distribution.

[irukandji]

How does Blocknet compare to the other decentralised exchanges?

[CryptoXMan]

How does Blocknet compare to the other decentralised exchanges?

I think Synechist answers will help you out:

https://bitcointalk.org/index.php?topic=829576.msg23512228#msg23512228

[RichDaniel]

Blocknet survived after bittrex delisted, which makes me happy, i am blocknet small investors, I hope after XC's down, Blocknet will be a new great project, I trust the team very much.

[l3pox]

Example:

Right now according to https://docs.google.com/spreadsheets/d/1Y8uRsftL_uUcDPPiRvDDxJwI2ftLZq1iPavKaGfrF_c/edit#gid=0, the staking ROI per year is ~14%.

If you have 100 BLOCK, you should get 100 * 0.14 = 14 BLOCK in stake rewards per year.

(365 days / 14 BLOCK) * (0.3 BLOCK / Stake Reward) = 7.8 days / Stake Reward on average.

Note that this 7.8 days is not constant; it is just on average. You may get lucky and find two blocks within minutes of each other or get unlucky and not find any block for a while.

@EnViRoNmEnT: you mentioned you waited 2 days and didn't get anything. According to the above calculation, you need to be staking at least 400 BLOCK to get your first 0.3 BLOCK stake reward after about 2 days.

Forgive me if it has already been covered (probably 100 times already), but I can't find out how to start staking?
I have BLOCK's in my Bittrex account, how do I start staking?

Thanks in advance!

Need to have it in your own local wallet unlocked to stake... or if you have 5k set up a service node.

Hopefully the mess is all fixed up now so no more staking issue or hacks.

I hope they have not dropped the ball on this project because this should be up there with ark and komodo.

They are working hard but they lack of advertisment so they should work on that also,it seems its more important than tech itself sometimes.

The team will definitely ramp up marketing once the UI is ready to be released.   They said it will be a bigger marketing effort than initially planned.

are there people solo staking on wallet with less than 100 BLOCK?
as far as I checked on the blockchain all the top 500 wallet have at least >1,200 BLOCK
is it worth to stake solo if you have just a small amount?

It's still a % per year basis.   So, even with 100 block for example, you should still get about 12 blocks a year in staking reward.   I have had 0.7 input that staked 0.3, but I don't expect it will get another one in a LONG time.  Mostly just random distribution.

thx a lot!

Blocknet survived after bittrex delisted, which makes me happy, i am blocknet small investors, I hope after XC's down, Blocknet will be a new great project, I trust the team very much.

actually. bittrex didn't delist BLOCK
https://bittrex.com/Market/Index?MarketName=BTC-block

you probably mean poloniex delist, right?

[cryptohunter]

Is the explorer based lite version being released with the new UI?

What is the expected time frame. Time is the biggest issue here with this project. We need to keep the advantage of being well ahead.

How many people are working on the lite version right now?

[l3pox]

how many confirmations are needed in order to start staking?
(coin mature time?)

[Johnny00]

how many confirmations are needed in order to start staking?
(coin mature time?)

I think it's 80. Just leave your wallet on and come back the next day

[accountantfuttock]

how many tokens in total are you issuing?

[Master mind]

Any news?

[FoldingMoney]

Any news?

There has been a ton of news lately.  As a longstanding follower Id say the frequency and quality of progress has defintely stepped up a gear.  Some excellent new hires (eg the brilliant "hanniabu" in slack) have been made and updates and progress is happening thick and fast.  The slack is migrating to rocketchat, as slack was quickly hitting its 10k post limit with so man members (alas, as this is the highest quality slack ive come across in crypto, and all the golden posts i fear are gone, its a shame)

hmmmmm, OK.  here is a quick cut and paste:

Completed

    Oct/Nov 2014: ITO ("initial token offering")
    Dec 2014: First messages sent across blockchains (data transport proof-of-concept)
    Mar 2015: Partnership with Bitnation forged
    Mar 2015: Decentralized exchange UI/UX: business logic and mockups
    Apr 2015: Blocknet Think Tank launched; breadth of scope of the Blocknet seen to extend to the entire token ecosystem
    May 2015: Ethereum collaboration; commitment to integrate ETH
    Oct 2015: Decentralized exchange v.1 (proof-of-concept)
    Dec 2015: Blockchain router v.1
    Mar 2016: Decentralized exchange v.2 (TierNolan's algo, no CLTV)
    Aug 2016: Decentralized exchange v.3 (CLTV: nonmalleable design)
    Sept 2016: Debugging and testing; order book
    May 2017: Service node design: QoS provider concept
    Jun 2017: Decentralized exchange app: specification documentation complete (for UI/UX partner)
    Jul 2017: Production blockchain: work commences
    Sept 2017: Production blockchain launched
    Sept 2017: Service nodes launch on mainnet
    Oct 2017: VSA Partners announced as the major design firm that is developing the UI/UX
    Oct 2017: Blocknet "Toolkit" website goes live (site that lists supported coins, config files, docs, other data)

Upcoming

Note: Upcoming milestones are subject to change, and some require new ground be broken in crypto, and thus are to be interpreted as intents, not commitments. Development is in an agile manner and so continual progress is to be expected.

    DEX UI Reveal
    "Toolkit" site that lists supported coins, their config files, documentation, and other data (ishkb1)
    TradingView integration work (Core Team)
    Bot "skeleton" in Python for easy DX bot building (infinity7592)
    DX API enhancements (Core Team)
    DX order book enhancements (Core Team)
    Visual DX explorer (infinity7592)
    Monthly quant report (courtesy of FinancialFactory.com)
    New Blocknet website
    New DX website
    Analytics site (think bfxdata.com, but for a DX)
    First demo/testing cycles of the DX frontend
    0x integration (addition of Ethereum and all ERC20 tokens to the DX)
    Ethfinex integration (Bitfinex's order book on the DX)

[FoldingMoney]

Any news?

Any news?

there's a new site, which is where that came from (in addition to the official site, which is currently getting an overhaul).   https://blocknetprotocol.com/

There's a link to rocketchat at the bottom of first page.   errrr, Ill do another cut and paste i think.  Just by way if introduction.  and GUYS FROM BLOCKNET SLACK, I think we need to keep this ann thread live and updated!!  

next week there will be a LIVE DEMO OF NEW UI, world class design by VSA partners - a top flight design agency.   see  https://twitter.com/The_Blocknet




Imagine being able to run Ethereum or NEO smart contracts from Bitcoin, build complex multi-chain trades, run a decentralized exchange, create a blockchain microservice that other chains can consume, all while remaining 100% trustless and decentralized. The Blocknet is a protocol which enables this interoperability through cross-chain atomic swaps and cross-chain data transfer in order to create a token ecosystem for blockchain microservices.
What Blocknet Is

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 Blocknet Enables

    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(chain), 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, rendering futile 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 bug-fixing, 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 It Works

To support inter-blockchain services, the Blocknet has three core components, which work together to provide three core services.

    The core components are:
        A blockchain router, xbridgep2p?
        A coin exchange protocol
        An inter-chain data transport
    The core services are:
        Decentralized exchange of coins
        Inter-blockchain service delivery
        Service monetisation

Supported Coins

Any coin that supports OP_CHECKLOCKTIMEVERIFY and has a stock JSON RPC interface cloned from Bitcoin Core will be Blocknet compatible. As a result, the Blocknet supports the majority of cryptocurrencies in existence, and no permission from anyone is required.

The following is a list of coins which have been tested and are confirmed to be supported:
BitBay (BAY), Bitcoin (BTC), Bitcoin Cash (BCH), Blocknet (BLOCK), Dash (DASH), Decred (DCR), Digibyte (DGB), Dogecoin (DOGE), Dynamic (DYN), GameCredits (GAME), Faircoin (FAIR), HShare (HSR), LBRY Credits (LBC), Litecoin (LTC), Monacoin (MONA), MonetaryUnit (MUE), Namecoin (NMC), NavCoin (NAV), Particl (PART), Peercoin (PPC), PIVX (PIVX), Potcoin (POT), Qtum (QTUM), Sequence (SEQ), Stratis (STRAT), Syscoin (SYS), Vericoin (VRC), Verge (XVG), Vertcoin (VTC), ViaCoin (VIA)

[Master mind]

Blocknet survived after bittrex delisted, which makes me happy, i am blocknet small investors, I hope after XC's down, Blocknet will be a new great project, I trust the team very much.

I will watch.

[truxton]

https://medium.com/@theblocknetchannel/blocknet-vsa-partners-preview-the-blocknet-decentralized-exchange-user-interface-on-the-10th-6d1dae01e0bb