Topic: [ANN][Blocknet] truly decentralized exchange | token ecosystem infrastructure - page 445. (Read 1103293 times)
October 24, 2014, 02:01:32 AM
Thank you for support
October 24, 2014, 01:47:55 AM
This should bring in some serious Chinese investors.
October 24, 2014, 12:00:25 AM
All these coins want to integrate Blockchain technology with IoT（Internet of Things）
IBM‘s Adapt project and Tilecoin will use telehash protocol, While BlockNET use Xbridge Protocol(maybe also similar as Telehash protocol??)
About Telehash: http://telehash.org/
1 About IBM’s Adept Project:
About the blockchain technology and IOT（Internet of things）news:
1 http://www.coindesk.com/ IBM Adapt Project
IBM Executive Highlights Block Chain's Utility for Internet of Things
2 https://medium.com/@twobitidiot/adept-ibm-samsung-bitcoin-8ccbbfc1ff04
Adept: IBM, Samsung, Bitcoin?
3 https://gigaom.com/2014/09/09/check-out-ibms-proposal-for-an-internet-of-things-architecture-using-bitcoins-block-chain-tech/
Check out IBM’s proposal for an internet of things architecture using Bitcoin’s block chain tech
2 About Tilecoin
Tilecoin Thread:
https://bitcointalksearch.org/topic/ann-xtc-tilecoin-iot-internet-of-things-bitcoin-blockchain-app-761852
IoT (Internet of Things)
Hardware is ordered and awaiting shipment.
Waiting for meeting with Jeremie Miller from http://telehash.org
Firmware/Software in planning phase
Basically, Individuals/Companies can use the wallet to manage their IoT devices and be able to accept TileCoin/Bitcoin for data being transmitted from their IoT device.
3 About BlockNET
BlockNET Thread and Xbridge protocol:
https://bitcointalksearch.org/topic/annblocknet-truly-decentralized-exchange-token-ecosystem-infrastructure-829576
[ANN][Blocknet] The internet of blockchains / XBridge / true cross-chain P2P
4 About Telehash:
Telehash: It’s one thing for devices to use block chain to understand contracts and capabilities, but they also need to communicate it, which is why Adept is using Telehash, a private messaging protocol that was built using JSON to share distributed information. It’s creator Jeremie Miller says at its simplest telehash is a “very simple and secure end-to-end encryption library that any application can build on, with the whole point being that an “end” can be a device, browser, or mobile app.” He added, “Perhaps, you can think of it as a combination of SSL+PGP that is designed for devices and apps to connect with each other and create a secure private mesh?” A new version of the software is expected soon.
Internet of Things is the future technology,which can change a lot.
IBM‘s Adapt project and Tilecoin will use telehash protocol, While BlockNET use Xbridge Protocol(maybe also similar as Telehash protocol??)
About Telehash: http://telehash.org/
1 About IBM’s Adept Project:
About the blockchain technology and IOT（Internet of things）news:
1 http://www.coindesk.com/ IBM Adapt Project
IBM Executive Highlights Block Chain's Utility for Internet of Things
2 https://medium.com/@twobitidiot/adept-ibm-samsung-bitcoin-8ccbbfc1ff04
Adept: IBM, Samsung, Bitcoin?
3 https://gigaom.com/2014/09/09/check-out-ibms-proposal-for-an-internet-of-things-architecture-using-bitcoins-block-chain-tech/
Check out IBM’s proposal for an internet of things architecture using Bitcoin’s block chain tech
2 About Tilecoin
Tilecoin Thread:
https://bitcointalksearch.org/topic/ann-xtc-tilecoin-iot-internet-of-things-bitcoin-blockchain-app-761852
IoT (Internet of Things)
Hardware is ordered and awaiting shipment.
Waiting for meeting with Jeremie Miller from http://telehash.org
Firmware/Software in planning phase
Basically, Individuals/Companies can use the wallet to manage their IoT devices and be able to accept TileCoin/Bitcoin for data being transmitted from their IoT device.
3 About BlockNET
BlockNET Thread and Xbridge protocol:
https://bitcointalksearch.org/topic/annblocknet-truly-decentralized-exchange-token-ecosystem-infrastructure-829576
[ANN][Blocknet] The internet of blockchains / XBridge / true cross-chain P2P
4 About Telehash:
Telehash: It’s one thing for devices to use block chain to understand contracts and capabilities, but they also need to communicate it, which is why Adept is using Telehash, a private messaging protocol that was built using JSON to share distributed information. It’s creator Jeremie Miller says at its simplest telehash is a “very simple and secure end-to-end encryption library that any application can build on, with the whole point being that an “end” can be a device, browser, or mobile app.” He added, “Perhaps, you can think of it as a combination of SSL+PGP that is designed for devices and apps to connect with each other and create a secure private mesh?” A new version of the software is expected soon.
Internet of Things is the future technology,which can change a lot.
October 23, 2014, 09:01:15 PM
October 23, 2014, 06:07:14 PM
I may have missed it. But will there be coin pairing of all coins (ex XC/BLOCK) on poloniex? or just BTC/BLOCK?
When ITO starts there will be sell walls of BlockNet tokens on Bittrex , Poloniex , Bter - pairs BTC/BLOCK
You will be able to buy also BlockNet tokens on coingateway.net with participating currencies at a 10% discount
After ITO, BlockNet shares will be still tradeable on mentioned exchanges , BLOCK/BTC pairs will stay there
Are we able to sell the tokens for BTC after the sale is over?
Yup. At Bittrex, Poloniex, Bter, and Coingateway.
The BTC:BLOCK pairing will continue until tokens are redeemable for NHZ assets (when fee payouts begin).
Thanks for the quick answer!
October 23, 2014, 05:57:32 PM
Sorry if this has been asked already, but if we buy these tokens on an exchange, can we withdraw them or do we have to wait for the asset exchange before we can redeem them?
I would prefer a way to immediately be able to withdraw my tokens and not rely on a centralised exchange... There have been way too many exchanges that have messed up in the last year, seems like a gamble leaving my tokens on one of these exchanges for potentially months.
I would prefer a way to immediately be able to withdraw my tokens and not rely on a centralised exchange... There have been way too many exchanges that have messed up in the last year, seems like a gamble leaving my tokens on one of these exchanges for potentially months.
You'll be able to redeem them to a regular PoS wallet until they can be redeemed for NHZ assets.
Can you please elaborate on how we can redeem the tokens to a regular PoS wallet? What wallet? I want to be withdrawing my tokens off the exchange the same day I buy them.
Also, what is the timeline for delivery of this project?
Thanks in advance.
Hey hey
You will be able to send the tokens to a Blocknet PoS wallet that we'll make available for download before the ITO.
This is a temporary state of affairs, and will only be in effect until the Blocknet technology is ready and tokens are redeemed for assets at the NHZ asset exchange.
October 23, 2014, 05:43:20 PM
I may have missed it. But will there be coin pairing of all coins (ex XC/BLOCK) on poloniex? or just BTC/BLOCK?
When ITO starts there will be sell walls of BlockNet tokens on Bittrex , Poloniex , Bter - pairs BTC/BLOCK
You will be able to buy also BlockNet tokens on coingateway.net with participating currencies at a 10% discount
After ITO, BlockNet shares will be still tradeable on mentioned exchanges , BLOCK/BTC pairs will stay there
Are we able to sell the tokens for BTC after the sale is over?
Yup. At Bittrex, Poloniex, Bter, and Coingateway.
The BTC:BLOCK pairing will continue until tokens are redeemable for NHZ assets (when fee payouts begin).
October 23, 2014, 05:33:15 PM
I may have missed it. But will there be coin pairing of all coins (ex XC/BLOCK) on poloniex? or just BTC/BLOCK?
October 23, 2014, 05:24:20 PM
How many tokens are people thinking about getting?
2000-5000 Tokens
October 23, 2014, 05:23:15 PM
Potential Investors
Please speculate how much returns we can get by holding the tokens?
Please speculate how much returns we can get by holding the tokens?
If we all knew, wouldn't that make life easy? IMO it will have a good ROI
I think it has potential for an amazing ROI but investors need to think long term. Not crypto long term of 2 weeks or 4 weeks. Like a year or two.
The value of the tokens outside of the speculative realm will be derived from their earnings, which depends on how much the Blocknet is used. It will take time for large amount of Blocknet adoption.
October 23, 2014, 05:21:13 PM
Sorry if this has been asked already, but if we buy these tokens on an exchange, can we withdraw them or do we have to wait for the asset exchange before we can redeem them?
I would prefer a way to immediately be able to withdraw my tokens and not rely on a centralised exchange... There have been way too many exchanges that have messed up in the last year, seems like a gamble leaving my tokens on one of these exchanges for potentially months.
I would prefer a way to immediately be able to withdraw my tokens and not rely on a centralised exchange... There have been way too many exchanges that have messed up in the last year, seems like a gamble leaving my tokens on one of these exchanges for potentially months.
You'll be able to redeem them to a regular PoS wallet until they can be redeemed for NHZ assets.
Can you please elaborate on how we can redeem the tokens to a regular PoS wallet? What wallet? I want to be withdrawing my tokens off the exchange the same day I buy them.
Also, what is the timeline for delivery of this project?
Thanks in advance.
October 23, 2014, 04:10:30 PM
Potential Investors
Please speculate how much returns we can get by holding the tokens?
Please speculate how much returns we can get by holding the tokens?
If we all knew, wouldn't that make life easy? IMO it will have a good ROI
October 23, 2014, 03:46:07 PM
@synechist
I love your calm, informative, level-headed replies.
Really glad we have you as a mouthpiece on the XC side.
Lord knows how you keep your sanity when people are just trying to get a rise out of you.
Keep up the great work.
I love your calm, informative, level-headed replies.
Really glad we have you as a mouthpiece on the XC side.
Lord knows how you keep your sanity when people are just trying to get a rise out of you.
Keep up the great work.
Thanks!
Let's just say that by talking about the virtues in operation in constructive conversation, I'm able to enjoy the beauty of the virtues and thereby endure the horrible parts.
October 23, 2014, 03:43:50 PM
I read much marketing meaningless babble (like "the internet of blockchains"), but not much subtance or technical details...
could you please explain for one use case, from the beginning to the end, how would this work?
e.g. let's say I want to send money using SMS, a feature from XST, while I hold some other thing, let's say APEX. Coins would be automagically exchanged? how? what currency does the service provider receive? can the receiver of the SMS receive other currency than XST? how?
the xbridge api would have a method for each possible service? so it would have to be updated every time a new service is added... otherwise... how would it work?
Is the coding of the exchange and the xbridge api finished? When would this be deployed? right after the ITO?
thanks!
could you please explain for one use case, from the beginning to the end, how would this work?
e.g. let's say I want to send money using SMS, a feature from XST, while I hold some other thing, let's say APEX. Coins would be automagically exchanged? how? what currency does the service provider receive? can the receiver of the SMS receive other currency than XST? how?
the xbridge api would have a method for each possible service? so it would have to be updated every time a new service is added... otherwise... how would it work?
Is the coding of the exchange and the xbridge api finished? When would this be deployed? right after the ITO?
thanks!
Hey hey
Have you checked out the FAQ below the OP?
The XBridge is a protocol. There's only one XBridge.
The API supports a general-purpose application platform. Ultimately there aren't that many fundamental actions to code for. Their composites would specify a very wide range of potential applications. That said, no doubt the API will go through revisions from time to time, and more or less indefinitely, as technology advances.
Part of the XBridge code is done. But only part. The exchange is not done (though in reality I suspect there'll be multiple decentralised exchanges all competing to offer their services).
As for your SMS example, it would depend to a large extent on however XST code it, but here's a sketch:
Let's say you owe APEX.
And you want to SMS some APEX over to someone.
Your node would pay an XST node for the service, using APEX.
The APEX would be automatically exchanged for XST.
The XST node receive the XST and keep it as profit.
The XST node would pay the Blocknet microfee.
The XST node would take phone number you're sending the amount to.
It would send the amount in XST (because the SMS system is built on the XST blockchain).
The recipient node would receive the XST.
The recipient node would then convert the XST to APEX using the decentralised exchange.
The resulting APEX would then be sent to the recipient's APEX node.
If you're wondering how decentralised exchange works, this speculative post could turn into an interesting discussion.
hi! thanks for your reply.
I did read the FAQ, and I did understand xbridge is the protocol. The question is if there should be one message of that protocol for each possible special service.
The concept is interesting, however I wonder how could I be sure that the node providing the service will not steal my money by not providing the service at all. Can the blocknet chain give me security about that? If so, how could it be possible without tracking every service on every chain? if it has to track everything then it's not like the internet of blockchains, it's more like a giant monster that reimplements all other blockchains.
if it can't provide trustless security then I'd rather exchange my apex to xst and then do the xst transfer without going through the blocknet and paying the blocknet fee. I mean an app could do that, there would be no need for a blocknet chain.
Valid point, and I agree: if the Blocknet reimplements all the other blockchains then it wouldn't be a Blocknet.
My (hypothetical) suggestion in the hyperlink above is to use atomic group_sig (M-of-M) transactions
Say buyer M wants XYZcoins and seller N wants ABCcoins. There would be:
- buyer M's receiving address in XYZcoin
- seller N's sending address in XYZcoin
- buyer M's sending address in ABCcoin
- seller N's receiving address in ABCcoin
ABCcoins would be sent from address M_ABC to address N_ABC
XYZcoins would be sent from address N_XYZ to address M_XYZ
ABCcoin transactions would be accounted for on the ABC chain
XYZcoin transactions would be accounted for on the XYZ chain
Both parties can publicly observe this.
The receiving nodes on each of the two blockchains would trustlessly verify that the tx's are valid and that the coins are spendable.
The decentralised exchange protocol would enable an atomic group_sig transaction on all participating addresses.
Being atomic, no party could pull out without the whole transaction failing.
And since every address has to sign the transaction, no party is able to redirect coins.
And so no coins can be stolen.
Also, in real life the transactions would be way more complicated because a bid can be part-sold into, so that multiple parties can take a single order.
Furthermore buyer M might want to trade XYZcoin for ABCcoin, but buyer N ABCcoin for QRScoin. So the multiparty transactions could get beautifully complicated.
So it's really atomic multiparty_sig, like XCurrency's mixer transactions... possibly ideal for the ad hoc mesh tech, but now not only denominated in XC.
October 23, 2014, 03:35:09 PM
Can somebody please answer my question?
October 23, 2014, 03:07:09 PM
Coindesk hasn't covered the story yet about blocknet. Shame on them.
October 23, 2014, 03:01:47 PM
October 23, 2014, 02:38:26 PM
I read much marketing meaningless babble (like "the internet of blockchains"), but not much subtance or technical details...
could you please explain for one use case, from the beginning to the end, how would this work?
e.g. let's say I want to send money using SMS, a feature from XST, while I hold some other thing, let's say APEX. Coins would be automagically exchanged? how? what currency does the service provider receive? can the receiver of the SMS receive other currency than XST? how?
the xbridge api would have a method for each possible service? so it would have to be updated every time a new service is added... otherwise... how would it work?
Is the coding of the exchange and the xbridge api finished? When would this be deployed? right after the ITO?
thanks!
could you please explain for one use case, from the beginning to the end, how would this work?
e.g. let's say I want to send money using SMS, a feature from XST, while I hold some other thing, let's say APEX. Coins would be automagically exchanged? how? what currency does the service provider receive? can the receiver of the SMS receive other currency than XST? how?
the xbridge api would have a method for each possible service? so it would have to be updated every time a new service is added... otherwise... how would it work?
Is the coding of the exchange and the xbridge api finished? When would this be deployed? right after the ITO?
thanks!
Hey hey
Have you checked out the FAQ below the OP?
The XBridge is a protocol. There's only one XBridge.
The API supports a general-purpose application platform. Ultimately there aren't that many fundamental actions to code for. Their composites would specify a very wide range of potential applications. That said, no doubt the API will go through revisions from time to time, and more or less indefinitely, as technology advances.
Part of the XBridge code is done. But only part. The exchange is not done (though in reality I suspect there'll be multiple decentralised exchanges all competing to offer their services).
As for your SMS example, it would depend to a large extent on however XST code it, but here's a sketch:
Let's say you owe APEX.
And you want to SMS some APEX over to someone.
Your node would pay an XST node for the service, using APEX.
The APEX would be automatically exchanged for XST.
The XST node receive the XST and keep it as profit.
The XST node would pay the Blocknet microfee.
The XST node would take phone number you're sending the amount to.
It would send the amount in XST (because the SMS system is built on the XST blockchain).
The recipient node would receive the XST.
The recipient node would then convert the XST to APEX using the decentralised exchange.
The resulting APEX would then be sent to the recipient's APEX node.
If you're wondering how decentralised exchange works, this speculative post could turn into an interesting discussion.
hi! thanks for your reply.
I did read the FAQ, and I did understand xbridge is the protocol. The question is if there should be one message of that protocol for each possible special service.
The concept is interesting, however I wonder how could I be sure that the node providing the service will not steal my money by not providing the service at all. Can the blocknet chain give me security about that? If so, how could it be possible without tracking every service on every chain? if it has to track everything then it's not like the internet of blockchains, it's more like a giant monster that reimplements all other blockchains.
if it can't provide trustless security then I'd rather exchange my apex to xst and then do the xst transfer without going through the blocknet and paying the blocknet fee. I mean an app could do that, there would be no need for a blocknet chain.
October 23, 2014, 02:33:41 PM
How many tokens are people thinking about getting?
October 23, 2014, 02:28:56 PM
@synechist
I love your calm, informative, level-headed replies.
Really glad we have you as a mouthpiece on the XC side.
Lord knows how you keep your sanity when people are just trying to get a rise out of you.
Keep up the great work.
I love your calm, informative, level-headed replies.
Really glad we have you as a mouthpiece on the XC side.
Lord knows how you keep your sanity when people are just trying to get a rise out of you.
Keep up the great work.
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