Topic: [ANN][Blocknet] truly decentralized exchange | token ecosystem infrastructure - page 470. (Read 1103311 times)

     ## For a video (and scripts) of our decentralized exchange in action, see the 2nd post on this thread ##
 


   website   |   slack   |   twitter   |   facebook   |   reddit   |   telegram   |   chinese thread   |   russian thread   |   german thread
                              



                              "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