## For a video (and scripts) of our decentralized exchange in action, see the 2nd post on this thread ##
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"once you achieve trustless exchange,
you create space for an entire
ecosystem of monetized services"
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 the Blocknet is designed to enable
• 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,
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, rending nugatory 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
bugfixing, 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 does it work?
In brief, the Blocknet supplies three core services for inter-chain
interoperability: service lookup, inter-chain messaging, and
decentralized exchange. These are currently implemented in a
monolithic app, xbridgep2p.exe, and modularisation of
components, and abstraction of services into API façade(s) are
planned.
whitepaper: in progress
setup guide for the current (test) build
FAQ: in progress
Video interview with Dan | Radio interview with Arlyn
Reddit AMA
decentralized exchange
Crypto needs decentralized exchange like the dark ages needed
vaccines. As such, it is the first application of the Blocknet's
technology. The decentralized exchange application is currently
available as a beta release, and a UI is under development.
feature roadmap
done
- Oct - Nov 2014: ITO ("initial token offering")
- Dec 2014: first messages sent across blockchains (data transport
proof-of-concept)
- March 2015: partnership with Bitnation forged
- March 2015: Decentralized exchange UI/UX: business logic and
mockups
- April 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
- October 2015: Decentralized exchange v.1 (proof-of-concept)
- December 2015: Blockchain router v.1
- March 2016: Decentralized exchange v.2 (TierNolan's algo, no CLTV)
- August 2016: Decentralized exchange v.3 (CLTV: nonmalleable design)
- Sept 2016: Debugging and testing; order book
- May 2017: Service node design: QoS provider concept
- June 2017: Decentralized exchange app: specification documentation
complete (for UI/UX partner)
- July 2017: Production blockchain: work commences
coming up
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 is
not to deadlines; Rather, continual progress is to be expected.
- Production blockchain launch
- Service nodes launch on mainnet
- Design specification document ("white paper")
- Decentralized exchange app ("UI")
- Decentralized exchange SPV multiwallet (no full blockchains)
- Chain relay: trust-minimised data verification
- Mobile Blocknet wallet app
- Mobile decentralized exchange app
- "Offline orders" feature (orders stay live after wallet is closed)
- Decentralized leveraged trading (p2p loan swaps locked to longs/shorts)
- Decentralized ICO dapp
- Browser-based exchange
- Modularisation of core components (network overlay, blockchain router
and data transport)
- Abstraction of core services into dedicated APIs (service lookup,
inter-chain messaging, and decentralized exchange)
- Service delivery: proof-of-legitimacy (trustless exchange of non-currency)
specs and info for the Blocknet's blockchain
Coin supply: 3,910,516 BLOCK
Consensus algorithm: proof-of-stake
Codebase: PPC
Block explorer
Exchanges: Bittrex | Nova
ITO burn address
Proof-of-burn method
Proof-of-burn code
