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

[CanErik]

Hi;

I have been waiting so long, I think it will be worth it.

Kind regards

[1713897288]

1713897288

[1713897288]

1713897288

[Johnny00]

guys isnt cryptobridge our competition ?

Ermm No.. Because they already have a working UI (beta) at the moment. Alright jokes aside, Yeah I wold say so. I just hope blocknet manages to release it's UI out in the wild soon too. It's good to have competition in the market. you get better product and services..

Yes 2018 is an important year. especially with all the new people and exchanges that can't handle them.

Binance reopened but bittrex still closed. look at Kucoin cap. Need UI this month.

Kucoin isn't decentralized.  It's just a regular exchange that pays out earnings to tokenholders. 

I feel the main thing holding blocknet back is the requirements to own a masternode.  5000 coins is too much.  It should be 500 or 1000 at most.  The barrier to entry is too high.  Consider reducing the requirement or making tiered nodes like XBY.

Even stakers will receive a portion of the transaction fees. Some people don't realize that yet.

March 1st UI. see the blocknet updated

[hassanchahrour]

 how would I currently trade with the Blocknet? In centralized exchange I send the funds to their wallets, this wont be the case with block.

[ptytrader]

4. Look at Komodo, Wave, Ark other competitor, 90% of them crossed 500mil capacity, most even 1B

You noob. That means Block is undervalued relative to the competition and is due for a sharp upwards correction. Btw Komodo relies upon trusted watch only addresses. Wave isn't decentralised and uses a colored coin approach. I won't go into Ark's shortcoming's as I own some but it does have them.

Cheap compared to competition and more decentralised.

Remember this coin hung around 20 cents for approx 2 years before it increased 2000%. Not a bad year for Block at all. And it stemmed for being undervalued for so long. Don't believe me? Wait a couple of months and report back.

What on earth is a "trusted watch only addresses". If it's a watch only address how can it be trusted? Also the watch only address was a bug that was fixed a while back. 

[dzimbeck]

how would I currently trade with the Blocknet? In centralized exchange I send the funds to their wallets, this wont be the case with block.

Trades are done with a shared hash in a checklocktimeverify account. It's done in two transactions on each chain. First to the account with asynchronous timelocks then withdrawn from those with the person with the shorter locktime to act first. He holds the secret to the hash puzzle and when it's published it allows the person on the other chain to move his funds as well.

It's the only decentralized exchange method. Other coins that don't do it this way are simply not doing decentralized exchange.

Funds are traded directly between you and the counter-party. Funds are not deposited on an exchange at all.

[cryptohunter]

what is the correct wallet to be using right now

v3.7.47 ?

cos that is not syncing up and for some reason the website links to

v3.7.36

where did .47 come from?

this wallet seems very unstable and is crashing every 2 days? machine is powerful so that can not be the issue

[bulldogtattoo]

What are your biggest weaknesses?

[Cassius]

4. Look at Komodo, Wave, Ark other competitor, 90% of them crossed 500mil capacity, most even 1B

You noob. That means Block is undervalued relative to the competition and is due for a sharp upwards correction. Btw Komodo relies upon trusted watch only addresses. Wave isn't decentralised and uses a colored coin approach. I won't go into Ark's shortcoming's as I own some but it does have them.

Cheap compared to competition and more decentralised.

Remember this coin hung around 20 cents for approx 2 years before it increased 2000%. Not a bad year for Block at all. And it stemmed for being undervalued for so long. Don't believe me? Wait a couple of months and report back.

What on earth is a "trusted watch only addresses". If it's a watch only address how can it be trusted? Also the watch only address was a bug that was fixed a while back. 

I only stumbled on this thread again because I clicked on it by mistake, but this made me laugh. Waves is fully decentralised and I'm pretty sure it's worth swinging by the Komodo thread and getting that from the horse's mouth too because this guy is not well informed.

[cryptohunter]

4. Look at Komodo, Wave, Ark other competitor, 90% of them crossed 500mil capacity, most even 1B

You noob. That means Block is undervalued relative to the competition and is due for a sharp upwards correction. Btw Komodo relies upon trusted watch only addresses. Wave isn't decentralised and uses a colored coin approach. I won't go into Ark's shortcoming's as I own some but it does have them.

Cheap compared to competition and more decentralised.

Remember this coin hung around 20 cents for approx 2 years before it increased 2000%. Not a bad year for Block at all. And it stemmed for being undervalued for so long. Don't believe me? Wait a couple of months and report back.

What on earth is a "trusted watch only addresses". If it's a watch only address how can it be trusted? Also the watch only address was a bug that was fixed a while back. 

I only stumbled on this thread again because I clicked on it by mistake, but this made me laugh. Waves is fully decentralised and I'm pretty sure it's worth swinging by the Komodo thread and getting that from the horse's mouth too because this guy is not well informed.

I would advise asking David Zimbeck who understands these things at a deep level to explain the difference between the 3.
Waves does not provide atomic swaps
komodo and blocknet do I believe but they may use different methods to do so.
So for me it is out of komodo or blocknet for a an atomic swap DEX. I believe both can succeed and are very worth while but at the current pricing I am still accumulating more block than komodos. Although both to me are still way under priced. Even waves is under priced compared to some big fake cap shits above it.

[vsyc]

4. Look at Komodo, Wave, Ark other competitor, 90% of them crossed 500mil capacity, most even 1B

You noob. That means Block is undervalued relative to the competition and is due for a sharp upwards correction. Btw Komodo relies upon trusted watch only addresses. Wave isn't decentralised and uses a colored coin approach. I won't go into Ark's shortcoming's as I own some but it does have them.

Cheap compared to competition and more decentralised.

Remember this coin hung around 20 cents for approx 2 years before it increased 2000%. Not a bad year for Block at all. And it stemmed for being undervalued for so long. Don't believe me? Wait a couple of months and report back.

What on earth is a "trusted watch only addresses". If it's a watch only address how can it be trusted? Also the watch only address was a bug that was fixed a while back. 

I only stumbled on this thread again because I clicked on it by mistake, but this made me laugh. Waves is fully decentralised and I'm pretty sure it's worth swinging by the Komodo thread and getting that from the horse's mouth too because this guy is not well informed.

I would advise asking David Zimbeck who understands these things at a deep level to explain the difference between the 3.
Waves does not provide atomic swaps
komodo and blocknet do I believe but they may use different methods to do so.
So for me it is out of komodo or blocknet for a an atomic swap DEX. I believe both can succeed and are very worth while but at the current pricing I am still accumulating more block than komodos. Although both to me are still way under priced. Even waves is under priced compared to some big fake cap shits above it.

Shall see what 30th Jan, 1st Feb will give us. Nice to see BLOCK on upbit, but morr should be done.

[hungryforapples]

The internet of internet xD

[truxton]

what is the correct wallet to be using right now

v3.7.47 ?

cos that is not syncing up and for some reason the website links to

v3.7.36

where did .47 come from?

this wallet seems very unstable and is crashing every 2 days? machine is powerful so that can not be the issue

36 and 37 are OK. Been on them since September

[Millionero]

following

[cryptohunter]

what is the correct wallet to be using right now

v3.7.47 ?

cos that is not syncing up and for some reason the website links to

v3.7.36

where did .47 come from?

this wallet seems very unstable and is crashing every 2 days? machine is powerful so that can not be the issue

36 and 37 are OK. Been on them since September

mine is 47

v3.7.47.0

is this a bugged version that was removed. It just crashes after every few hours.

I will try to revert to 36 since that is the latest one on the github

[chandraprakash]

such guss this project is so ambishanfull so  nice this is the  most power full thinking project
i pre that this project sucessfull
thanks dev,

[segotiwul]

Transportation and communication costs have decreased first and foremost due to technological advances, such as shipping containers and the Internet. Progress has been made throughout the logistics chain, ensuring the smooth flow of goods in a coordinated and inexpensive way.

[magsrevs]

Could someone please confirm the benefits of holding BLOCK? Once the Block Dex is launched, by either owning a masternode (1k coins, correct?) or by staking whatever Block you own, you get a cut of the fees. Is that correct? Thanks.

[CryptoXMan]

Could someone please confirm the benefits of holding BLOCK? Once the Block Dex is launched, by either owning a masternode (1k coins, correct?) or by staking whatever Block you own, you get a cut of the fees. Is that correct? Thanks.

Yes, you get a cut of fees when you hold block.    One block is generated every min and node (needs 5000 block) get 70% while staking gets 30%.      Both have great ROI.   Staking currently is around 11-13% while node gets around 17-18%. 

[magsrevs]

Could someone please confirm the benefits of holding BLOCK? Once the Block Dex is launched, by either owning a masternode (1k coins, correct?) or by staking whatever Block you own, you get a cut of the fees. Is that correct? Thanks.

Yes, you get a cut of fees when you hold block.    One block is generated every min and node (needs 5000 block) get 70% while staking gets 30%.      Both have great ROI.   Staking currently is around 11-13% while node gets around 17-18%. 

Great, thanks. And is that percentage per annum, or a different timeframe?

[CryptoXMan]

Could someone please confirm the benefits of holding BLOCK? Once the Block Dex is launched, by either owning a masternode (1k coins, correct?) or by staking whatever Block you own, you get a cut of the fees. Is that correct? Thanks.

Yes, you get a cut of fees when you hold block.    One block is generated every min and node (needs 5000 block) get 70% while staking gets 30%.      Both have great ROI.   Staking currently is around 11-13% while node gets around 17-18%. 

Great, thanks. And is that percentage per annum, or a different timeframe?

That always depends on the # of nodes (the more nodes there is, the less people staking), and the # of coins being staked.    If you are a staker and the # of people staking is down, then staking ROI will go up and vice versa.   That % that I mentioned above is annual %.   Don't forget the fees though.   That's the wildcard here, the amount could become huge over time if the DEX takes off.  You should really join the Rocketchat to get even more details.    It's a great community with a lot of knowledgeable people without moon talk like every communities out there.

https://rocket.blocknet.co:8443