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Author Topic: [ANN][Blocknet] truly decentralized exchange | token ecosystem infrastructure  (Read 1103265 times)
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sgtwiggles
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November 22, 2017, 01:14:30 PM
 #8401

If I have node do I also need to run all the wallets of the coins on the exchange to recive fees?
86B
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November 23, 2017, 12:03:28 AM
 #8402

If I have node do I also need to run all the wallets of the coins on the exchange to recive fees?

No - you will receive node rewards with or without running wallets, however you will not collect any trading fees.
truxton
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November 23, 2017, 04:21:10 PM
 #8403

First order placed for PURA on the Blocknet Decentralized Exchange

mafia
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November 23, 2017, 06:39:33 PM
 #8404

Is there an official Discord channel?
truxton
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November 23, 2017, 10:23:18 PM
 #8405

No discord but you can join rocket chat: https://rocket.blocknet.co:8443/home
danielwwt
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November 24, 2017, 03:57:42 AM
 #8406

First order placed for PURA on the Blocknet Decentralized Exchange



amazing!
FoldingMoney
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November 24, 2017, 05:54:35 PM
 #8407

From 2nd lead dev:

The capacity of the Blocknet's decentralised exchange increases with its user base. Since order broadcast and order matching are completely decentralised, there are no bottlenecks other than the ones which lie with users, namely their local internet connections.

In addition though, there is a shared capacity in the broadcasting system, which is really sky-high. Here is a relevant quotation from a Bitcoin wiki (https://en.bitcoin.it/wiki/Scalability#Scalability_targets):

Network Let's assume an average rate of 2000tps, so just VISA. Transactions vary in size from about 0.2 kilobytes to over 1 kilobyte, but it's averaging half a kilobyte today. That means that you need to keep up with around 8 megabits/second of transaction data (2000tps * 512 bytes) / 1024 bytes in a kilobyte / 1024 kilobytes in a megabyte = 0.97 megabytes per second * 8 = 7.8 megabits/second. This sort of bandwidth is already common for even residential connections today, and is certainly at the low end of what colocation providers would expect to provide you with. When blocks are solved, the current protocol will send the transactions again, even if a peer has already seen it at broadcast time. Fixing this to make blocks just list of hashes would resolve the issue and make the bandwidth needed for block broadcast negligable. So whilst this optimization isn't fully implemented today, we do not consider block transmission bandwidth here.

Finally, there is an inherent limitation in the blockchains traders choose to use which affects the time between trading coins and re-trading them, which is the blockchain's confirmation time. Thus, if a trader wishes to trade Bitcoin at a "trustless" (well, widely regarded as non-risky) level of security, (s)he should wait an hour before re-trading an address. However, I have proposed a solution to this, in the form of a "0-conf slider" in the UI, which functions to filter orders according to the number of confirnations that the user is willing to wait for. Thus, at a small increase of risk, scalping and other fast trading strategies may be employed.

I think that suitably addresses concerns. The Blocknet is fast.
wwzsocki
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November 24, 2017, 11:00:46 PM
 #8408

Do you have plans to do Blocknet more, user-friendly? Is it even possible? I mean an app with no need to download other wallets.

cryptohunter
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November 25, 2017, 08:22:21 AM
 #8409

Do you have plans to do Blocknet more, user-friendly? Is it even possible? I mean an app with no need to download other wallets.

Yes a lite version is in the works I am not sure of the release date for that though.

I hope they can get a bit of a move on with this project since I see every man and his dog are trying to start dexs lately.


truxton
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November 25, 2017, 02:24:42 PM
 #8410

First order placed for Florin on the Blocknet Decentralized Exchange

gerdab
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November 25, 2017, 09:29:41 PM
Last edit: November 26, 2017, 12:11:42 AM by gerdab
 #8411

First order placed for Florin on the Blocknet Decentralized Exchange


yeh yeh we know that u can add more coins, but we're not here waiting for news like ERR added, ZEF added, HGT added, TNTN added, we're waiting for a functional product even if it only supports 2-3 Coins (BTC, BLOCK, LTC...), add support for other Coins can come later. i think...
RoHoss
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November 26, 2017, 08:41:35 AM
 #8412

You need only Patience.
I am in Blocknet since very long Time.
Blocknet will be one of the best dezentrale Exchanges.
Hope that this year will be the start of the major currencies.
Johnny00
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November 26, 2017, 08:55:35 AM
 #8413

First order placed for Florin on the Blocknet Decentralized Exchange


yeh yeh we know that u can add more coins, but we're not here waiting for news like ERR added, ZEF added, HGT added, TNTN added, we're waiting for a functional product even if it only supports 2-3 Coins (BTC, BLOCK, LTC...), add support for other Coins can come later. i think...

It already is functional. Just waiting for the UI to make it easy


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alexvilis
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November 26, 2017, 02:20:48 PM
 #8414

Congrats to our 10,000th follower, @TOMLNSOFF!
10 BLOCK is all yours: b3155d0d61a546f210f00f979bad9830f42b1a31de07e64fe8aa98fca2ab14ca
https://twitter.com/The_Blocknet/status/934663641630208000
l33tn00b
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November 27, 2017, 01:08:38 PM
 #8415

With Bittrex disabling thousands of accounts is there any chance we will see BLOCK added to Livecoin or Cryptopia in the near future?

Never invest more than you can afford to lose!
truxton
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November 27, 2017, 09:49:58 PM
Last edit: November 28, 2017, 02:22:13 PM by truxton
 #8416

Blocknet Infographic: Economics and Decentralization



https://steemit.com/blocknet/@theblocknet/blocknet-infographic-economics-and-decentralization

Graphic created by Community member Basedgod
drwoo
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November 28, 2017, 03:36:25 AM
 #8417

When I want to use the Blocknet decentralized exchange do I have to download all blockchains from the coins I seek to exchange?
CryptoXMan
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November 28, 2017, 06:04:25 AM
 #8418

When I want to use the Blocknet decentralized exchange do I have to download all blockchains from the coins I seek to exchange?

Not when the UI is released with the lite wallet.
tiggytomb
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November 28, 2017, 11:46:58 AM
 #8419

Glad I just stumbled upon this project, sounds promising and could be just what a lot people are looking for, the lite wallet especially would be a huge bonus.
cryptohunter
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November 28, 2017, 02:10:35 PM
 #8420

How is the lite version coming on and will it be released with the new UI

what date are we looking at for these ........roughly??

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