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Topic: [ANN][Blocknet] truly decentralized exchange | token ecosystem infrastructure - page 160. (Read 1103293 times)

legendary
Activity: 1190
Merit: 1000
To commodify ethicality is to ethicise the market
Will there be a roadmap?

Yes, in due course.
It would feature milestones, not dates.
sr. member
Activity: 280
Merit: 250
Vincit qui se vincit.
Will there be a roadmap?
newbie
Activity: 45
Merit: 0
We shall carefully monitor the developments !  Cheesy
sr. member
Activity: 322
Merit: 250
legendary
Activity: 1190
Merit: 1000
To commodify ethicality is to ethicise the market
Did cosmos really fork it?

Cosmos might kill this if they are really trying to raise 9m in 42 days.

Have you seen what some of the recent ICO's have raised?

If they forked it yall need to get the word out. Cause if they raise 9m.

Well that's hard competition.


Did cosmos really fork block net?

No.

Details here: https://bitcointalksearch.org/topic/m.16459808

sr. member
Activity: 309
Merit: 250
Thanks for the info guys! Sounds really interesting and promising  Smiley
hero member
Activity: 771
Merit: 521
Here is an example taken from the Blocknet slack channel: "Again what makes Blocknet so crazy interesting is that not only is it a decentralized / Distributed exchange. It can actually do something the centralized exchanges cant do. It can route service calls between the blockchains API. Proved in the Proof of Concept of sending a text message from XC to BitSwift.
If people actually realized the value of that function as a platform we would be sitting at 10mil evaluation and devs would be flocking to help Dan.."


Also a UI is coming.  Join slack for the latest...
sr. member
Activity: 658
Merit: 251
Where can I find a roadmap or a future feature list of this coin? Thinking about investing, but want to know where it's heading.
I've seen the howto for the decentralized exchange. In my opinion this is a great achivement, but too complex to install or use for the less tech-savy user. Are there any plans to make it more user friendly?

That's a very feasible question. I know I/O coin also has a decentralized exchange up their pipeline but haven't made it. Although I'm curious if it may be more user friendly than blocknet's?

Perhaps if the exchange GUI had a feature that automatically asks you what pairs you want to trade, it will automatically ask and guide via  a wizard which downloads and installs it for you, with some kind of wizard pop up for guidance which can be turned off? It shouldn't be too difficult but if its neglected to be done then yes, certainly it will remain obscure, although no doubt any real crypto enthusiast would have only moderate problems using it.

In interesting fact is that, although I use the word incorrectly, I use it in another sense: that well, cryptocurrencies are "server side" goodies. People who lack technical programmatical knowledge or background I think are not really directly influenced by cryptos and don't need them - they're living their lives quite fine without them so far.

to what extent decentralized applications and networks will become adopted in the mainstream I think depends on a mentality shift, because quite simply people I think well, can be divided into two categories: people who understand the potential of decentralized internet storage, applications and transfers, and then those simply put, who don't, at all.

Some would argue its more trouble than what its worth? although I suppose if these protocols are adopted slowly but surely they could become as standard fair as HTTP, etc.
From static data to dynamic data processing I think, although this is really a sweeping statement...

I do have a question though - what exactly would be the benefit of interoperability of several blockchains, I don't quite clearly understand though how that would work. Its quite remarkable - i'm no programmer but i think some kind of theoretical explanation would be in order for us lay folk.
sr. member
Activity: 309
Merit: 250
Where can I find a roadmap or a future feature list of this coin? Thinking about investing, but want to know where it's heading.
I've seen the howto for the decentralized exchange. In my opinion this is a great achivement, but too complex to install or use for the less tech-savy user. Are there any plans to make it more user friendly?
legendary
Activity: 1190
Merit: 1000
To commodify ethicality is to ethicise the market
Do u have the exchange site?

BLOCK trades on Poloniex and Bittrex.

You can trade using our decentralised exchange by:
- downloading xbridgep2p
- downloading the wallets you want as your trading pairs

full member
Activity: 143
Merit: 100
Do u have the exchange site?
hero member
Activity: 771
Merit: 521
But its so blatant! .  The EXACT same tag line and they even ripped off the devs exact words for their site / article without any kind of permission. 
MR1
legendary
Activity: 927
Merit: 1000
Wow what a rip off of Blocknet. Even using the same tag line.


https://bitcointalksearch.org/topic/anncos-cosmos-internet-of-blockchains-1607111

Our world is full of copycats. Looks like they forked Blocknet.
hero member
Activity: 771
Merit: 521
legendary
Activity: 1190
Merit: 1000
To commodify ethicality is to ethicise the market
Discussed in Slack:

Quote
atcsecure [1:04 PM] 
the BIP65 implementation that is happening now is a major milestone

atcsecure [2:28 PM] 
here is the new algo we are switching to

[2:28] 
Code:
Steps

Step1.
Initiator creates secret X, and hashes it to create H(X). Initiator also creates public private key pair (pubkey i1,i2 / privkey i2,i2). Responder creates public private key pair (pubkey r1,r2 / privkey r1,r2).

Step 2.
Initiator shares H(X) and pubkey i2 with responder. Responder shares pubkey r1 with intiator.

Step 3.
Initiator creates TxAb. TxAb can be redeemed after time T2 with privkey i1. At any time TxAb can redeemed with signature from privkey r1 and reveal of secret X. Initiator broadcasts TxAb onto the network.

Step 4.
Responder confirms TxAb. Responder creates TxBb. TxBb can be redeemed after T1 time with privkey r2. At any time TxBb can be redeemed with signature fom privkey i2 and reveal of secret X. Responder broadcasts TxBb onto the network.

Step 5.
Initiator creates TxBp which spends TxBb using privkey i2 and secret X. With the revealed secret, responder can create TxAp which spends TxAb with privkey r1 and secret X.

Notes

If initiator fails to broadcast TxAb in step 3, the exchange has failed and no steps need to be taken by the responder.

If responder fails to broadcast TxBb in step 4, initiator can create refund transaction TxAr which redeems TxAb after time T2 using privkey i1.

If initiator fails to spend TxBb on step 5 before time T1, responder can create refund transaction TxBr after time T1 using privkey r2. If responder fails to spend TxAb before time T2, initiator can use TxAr to get refund from TxAb.


[2:31] 
Also along side this change, an interesting topic has come up… and as part of the collateral system (which prevents spam/dos) we are looking at requiring the use of block on each DX as a collateral ( it would be transparent to the user, but you must run and hold block in the wallet to cover the collateral on the DX TX, the amount would be small but based on a % of the DX TX coin)

[2:31] 
@here thoughts on this requirement?

Discuss in Slack: http://blocknet.herokuapp.com
legendary
Activity: 1008
Merit: 1000
I am still holding my blocks from long time because this will be bigger in upcoming days, all features are about to come out and very soon it will start rising, the potential of this is very huge and it would change the life of strong believer, Dev team is still on hard job and bringing the feature to the world.
member
Activity: 261
Merit: 10
https://assetsplit.org/

I've been thinking a little further about Coinigy. We'd have to do the following:
- convince them to run xbridgep2p and a bunch of wallets
- convince them to pull the order book data out of xbridgep2p
- convince them to generate charts, etc. from the data
- hit Coinigy's API from each trader's local dapp, in order to plug into Coinigy to get the data
- keep trading an entirely local (decentralised) phenomenon, as it currently is
- get our dapp to load the Coinigy page, in an entirely integrated way, so that traders can use our DX and whichever centralised exchanges they want to, with no friction.

Basically I'd want to keep Coinigy on the edge of the network. Which is complicated, but doable.

Probably a massively expensive idea to attempt. :-)


I think your thought process went the wrong way on a one-way lane Smiley
i am a user of coinigy, i like them ( they are not perfect)  So i can't tell from their code but as i gather it works like this:
coinigy pulls the order book from various exchanges and displays them in they own format (looking better and more usability than e.g. poloniex)
coinigy hooks to the api of any exchange to make trades and housekeeping (check if orders are still there etc)
so the only thing that needs convincing is your second point : - convince them to pull the order book data out of xbridgep2p
plus a second one : convince them to accept blocknets api  (i think that needs to be written ?)

In any case, i think that over time there will be tons of trading apps that can hook on to any exchange. Something to consider for the future Smiley

Edit: I do realize that using an app like this goes against the idea of decentralization. But in this case, coinigy is a service and does not hold any money. in fact you have to pay montly fee to use it.  but for that you get the graphs etc. So its a tradeoff, where the real question is how far decentralization should go.

legendary
Activity: 1190
Merit: 1000
To commodify ethicality is to ethicise the market
And of course Blocknet decentralized exchange !

Maybe its me being noob , but where can i find the decentralized exchange ? ( i know its everywhere but i mean an access to it Smiley )
I looked in my wallet ( v. 1.1.1.3 ) but nothing there. What am i missing ?


We have a user guide for the decentralised exchange!

It was created by the community.
Special thanks to @aderks for leading the initiative.
It'll be progressively updated as we go.


Here's the link:
https://docs.google.com/document/d/1DWmeD86mvzM1gG-g3_i0_TApjAnmzbUefhEXGYKRqYc/edit?usp=sharing


Wow very cool ! i will try it soon when i am more awake. Unfortunately the author didn't provide an 'overview' so its kinda overwhelming at first for non-techies.
But basically as i understand it, every bitcoin-type wallet has RPC,  which means that these wallets can be accessed by a program from the backside. in case of blocknet this program is xbridgep2p. This program then makes the connection to your wallets, and enables you to 'advertize' a trade offer on the blocknet. is this correct ?

Yup, that's the gist of it.

xbridgep2p provides the following components:
- DHT network overlay
- end-to-end encrypted p2p messaging protocol
- coin exchange protocol

For decentralised exchange, it functions to
- broadcast orders
- compile an order book
- match orders
- instruct your wallets to follow the steps of the coin exchange protocol
- check that the counterparty plays by the rules of the coin exchange protocol

Great work. Now as trader, i like to see charts of course. As a suggestion, you should make an API for the guys at coinigy, this is a 3rd party platform that accesses different exchanges to trade. Instant visuals Smiley

Yes, thanks, great suggestion.

How about just integrating TradingView? After all, this is a decentralised exchange, so it's not especially useful to get data from Coinigy about centralised exchanges.



I've been thinking a little further about Coinigy. We'd have to do the following:
- convince them to run xbridgep2p and a bunch of wallets
- convince them to pull the order book data out of xbridgep2p
- convince them to generate charts, etc. from the data
- hit Coinigy's API from each trader's local dapp, in order to plug into Coinigy to get the data
- keep trading an entirely local (decentralised) phenomenon, as it currently is
- get our dapp to load the Coinigy page, in an entirely integrated way, so that traders can use our DX and whichever centralised exchanges they want to, with no friction.

Basically I'd want to keep Coinigy on the edge of the network. Which is complicated, but doable.

Probably a massively expensive idea to attempt. :-)
newbie
Activity: 17
Merit: 0
Blocknet still the best ever.
legendary
Activity: 1190
Merit: 1000
To commodify ethicality is to ethicise the market
And of course Blocknet decentralized exchange !

Maybe its me being noob , but where can i find the decentralized exchange ? ( i know its everywhere but i mean an access to it Smiley )
I looked in my wallet ( v. 1.1.1.3 ) but nothing there. What am i missing ?


We have a user guide for the decentralised exchange!

It was created by the community.
Special thanks to @aderks for leading the initiative.
It'll be progressively updated as we go.


Here's the link:
https://docs.google.com/document/d/1DWmeD86mvzM1gG-g3_i0_TApjAnmzbUefhEXGYKRqYc/edit?usp=sharing


Wow very cool ! i will try it soon when i am more awake. Unfortunately the author didn't provide an 'overview' so its kinda overwhelming at first for non-techies.
But basically as i understand it, every bitcoin-type wallet has RPC,  which means that these wallets can be accessed by a program from the backside. in case of blocknet this program is xbridgep2p. This program then makes the connection to your wallets, and enables you to 'advertize' a trade offer on the blocknet. is this correct ?

Yup, that's the gist of it.

xbridgep2p provides the following components:
- DHT network overlay
- end-to-end encrypted p2p messaging protocol
- coin exchange protocol

For decentralised exchange, it functions to
- broadcast orders
- compile an order book
- match orders
- instruct your wallets to follow the steps of the coin exchange protocol
- check that the counterparty plays by the rules of the coin exchange protocol

Great work. Now as trader, i like to see charts of course. As a suggestion, you should make an API for the guys at coinigy, this is a 3rd party platform that accesses different exchanges to trade. Instant visuals Smiley

Yes, thanks, great suggestion.

How about just integrating TradingView? After all, this is a decentralised exchange, so it's not especially useful to get data from Coinigy about centralised exchanges.

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