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

[truxton]

Hello, is there any guide to install the wallet on Linux? I can't seem to find one on the website and I'm having a rough time trying to install the wallet. Any help would be appreciated.

Please join the wallet support channel here and someone will help you out.  https://rocket.blocknet.co:8443/home

[ija61]

Hy, can you post a Slack Invite link that work?

Thank you

[synechist]

A writeup on our upcoming decentralized exchange

[synechist]

Hy, can you post a Slack Invite link that work?

Thank you

We moved to Rocket Chat:

https://webapp.blocknet.co

[FoldingMoney]

Nice graphics. Access to bitfinex order books is huge.  owning a blocknet service node is going to be one of the most golden things in all of crypto.... some newly minted whale will go in and snap up the thin amount of block still on the market no doubt soon !

[FoldingMoney]

im going to re-post this from 86b in slack, think it really highlights some major advantages of blocknet:

"You’ll be able to choose your confirmations.  There seems to be a lot of talk about network fees being expensive/etc and this is very misleading as it really only applies to BTC and is a flat fee no matter the amount of BTC you’re trading.  For example Litecoin:  you can get into the next block paying a miniscule $0.01 mining fee... and I believe that is the 2nd most expensive.

The real value here too is not having to sell to Bitcoin, then selling that Bitcoin for an alt - you’ll experience trading fees + slippage premiums in the book - and this gets increasingly more expensive if you have to deposit/withdraw from exchanges.  Also, when transferring from exchange to exchange to chase alts not supported on 1 exchange but supported on the other, you’re relying on the speed of the exchange to process your withdraw itself and paying a high enough mining fee to get you into the next block all while being charged a withdrawal fee at the same time... then you’re waiting on confirmations from the receiving exchange to process.

Lastly - our DX gives you total control of your security, and that’s something many traders are willing to pay for.  All in all though the whole expensive part of it only applies to BTC trading (for now - like basedgod pointed out).  Another benefit is not having to worry about exchange withdrawal limits without giving copies of your identity to exchanges who frequently get compromised along with your personal info."

[dzimbeck]

Have you considered that to prevent network congestion to have users look at the mempool either in the client or online and recommend a certain # of trades per day? I would do that considering that you could get unexpected volume. Also I'm sure you are considering other trading pairs besides Bitcoin?! Since congestion can actually cause an atomic trade to fail by overstepping the time limit set by each side of the trade causing loss for one of the parties. I'm sure you are setting your time limits to very long like a few weeks just in case. But still it's good practice to avoid users getting stuck. Also for Bitcoin you might want to calculate based on websites online since fees have been skyrocketing lately.

Hope all is well... just a thought! Still rooting for ya.

[CoinsInTheCan]

Is it risky to hold coins and stake with the same pc than running a service-node, should i use different machines for both tasks ??

[Johnny00]

Is it risky to hold coins and stake with the same pc than running a service-node, should i use different machines for both tasks ??

You need a separate IP address to run a service node. Keep coins on your local machine and run the node on a cheap vps.

If just staking you have to use your wallet with the coins.

[CoinsInTheCan]

Is it risky to hold coins and stake with the same pc than running a service-node, should i use different machines for both tasks ??

You need a separate IP address to run a service node. Keep coins on your local machine and run the node on a cheap vps.

If just staking you have to use your wallet with the coins.

Yeah, it is the public IP and fully unlocking the wallet that makes it more dangerous to stake with Snode server i guess. Interestingly staking with Snode server was proposed in the setup instructions  

[FoldingMoney]

if not already posted, here is an impressive list of coins on blocknet exchange, many tested and working...

https://block-node.info/index.php

[ikecuit]

if not already posted, here is an impressive list of coins on blocknet exchange, many tested and working...

https://block-node.info/index.php

I assume the 'not compatable' Ethereum tokens are just a tempory matter. As I thought ERC 20 tokens were in the roadmap.

[FoldingMoney]

yes, all ERC20 tokens will be available on blocknet with an integration of Ox protocol

[truxton]

Regarding fees, I am cross-posting this from our RocketChat as it is useful information for the wider community.

Yes you’ll be able to choose your confirmations.
There seems to be a lot of talk about network fees being expensive/etc and this is very misleading as it really only applies to BTC and is a flat fee no matter the amount of BTC you’re trading. For example Litecoin: you can get into the next block paying a miniscule $0.01 mining fee... and I believe that is the 2nd most expensive.

The real value here too is not having to sell to Bitcoin, then selling that Bitcoin for an alt - you’ll experience trading fees + slippage premiums in the book - and this gets increasingly more expensive if you have to deposit/withdraw from exchanges. Also, when transferring from exchange to exchange to chase alts not supported on 1 exchange but supported on the other, you’re relying on the speed of the exchange to process your withdraw itself and paying a high enough mining fee to get you into the next block all while being charged a withdrawal fee at the same time... then you’re waiting on confirmations from the receiving exchange to process.

Lastly - our DX gives you total control of your security, and that’s something many traders are willing to pay for. All in all though the whole expensive part of it only applies to BTC trading (for now - like basedgod pointed out). Another benefit is not having to worry about exchange withdrawal limits without giving copies of your identity to exchanges who frequently get compromised along with your personal info.

In addition to the above as it also applies: Bittrex charges you both directions, so moving from DGB to BTC costs you 0.25%, then BTC to LTC costs you 0.25% again. On the DX, it’s _one_ charge. So the DX is actually *less expensive* on large orders.

[George5]

truxton, thanks for the clear explanation.

[quarzazatete]

Is there any release date (or range) for the DEX yet?

[alibaba93]

BlockNet (BLOCK) list on Masternodes.pro

https://twitter.com/MasterNodesPro/status/940416147555434496

[based_god]

Is there any release date (or range) for the DEX yet?

Technically the DEX is already released, if you're talking about the UI then they said it is likely it will be released this month however not guaranteed

[Artemsv]

The Trouble with Centralized Exchanges…

As the Cryptocurrency environment matures, the inherent problems with centralized exchanges present themselves on an almost daily basis and highlight why the need for decentralized exchanges is now more urgent than ever
https://twitter.com/The_Blocknet/status/940535912731172864

[Xaltotun]

Amazing, there's only 37K Block up for sale on Bittrex. I remember when it was over 150K not too long ago. Who's going pick up those last 7 nodes?