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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
Feature roadmap
coming soon
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
