Topic: Blocknet - Polo, Kraken, Bitfinex killer (Read 9894 times)

blocknet is not the killer of centralized exchange, centralized exchange can process crypto-fiat currency. They will co-operate in the near future.

Wouldn't be surprised to see it back at 56 soon enough. Under 40 $ seems a steal.

Good to see finally it is getting some attention

Blocknet just hit $56.00!  Previous ATH was $43.00.  Almost everything else is in the red.  Woohoo!

What is on the Horizon for Blocknet in 2018?

Moving forward into 2018 there are many exciting developments to look forward to:

    The beta “soft launch” of the Blocknet DX UI is to be expected in January.
    Blocknet DX launch with SPV multi-wallets.
    Marketing campaign.
    A facelift of the current website in preparation for 2 brand new websites (Blocknet protocol and Blocknet DX sites).
    Rocket Chat improvements.
    Blocknet Whitepaper.
    A Blocknet presence at cryptocurrency events, forums and meetings (currently in the planning stages.)
    Integration with Ledger Hard wallet.
    Blocknet DX TradingView integration.
    Arbitrage trading bot library.
    DX API enhancements.
    DX order book enhancements.
    Visual DX explorer: @infinity7592 (Early demo has been shared).
    Analytics site (think bfxdata.com, but for the Blocknet DX).
    0x integration (addition of Ethereum and all ERC20 tokens to Blocknet DX).
    Ethfinex integration (Bitfinex’s order book on Blocknet DX).
    Blocknet DX mobile app.
    Blocknet DX website.
    Newsletter Updates.
    API documentation web page.
    “Offline orders” feature (orders stay live after wallet is closed).
    Decentralized leveraged trading (p2p loan swaps locked to longs/shorts).
    Decentralized ICO dApp.
    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).
    An additional 70 coins for the DX are being worked on and are at various stages of integration.

Note 1: 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.

Note 2: All names in brackets are Rocketchat community handles.

Recent Developments

In addition to the above, there are some other recent developments we would like to mention:

    We have expanded to 15 contributing developers with the addition of Alexander(@alexander), Josip(@josip), @ftriboix, and Kay(part-time). Alexander will be working on furthering xBridge development, contributing to the DX API, and performing code audits and reviews (LinkedIn: https://www.linkedin.com/in/alexander-ivanenko-52b82476/). Josip will also be working on furthering xBridge development. (LinkedIn: https://www.linkedin.com/in/josip-maricevic-a0b58959/), while @ftriboix will be dedicated to Blocknet’s Ethereum integration. The most recent development is the addition of Umpei Kay Kurokawa whom will be enhancing the orderbook functionality (LinkedIn: https://www.linkedin.com/in/umpei-kay-kurokawa-b96a3a10/).
    Thanks to the quick work of @ftriboix, integration of Ethereum and all ERC20 tokens is now roughly 50% complete!
    The DX API, which is being worked on by the DX Tool Team and the Euro Team, is currently 75% complete with many improvements.
    The DX UI, which is being developed by VSA Partners is 75% compete.
    The DX UI integration, which requires the DX API to be complete, is now expected to be completed in January. This is a slight delay from what was hoped, but we believe it is better to delay a release than to make compromises.
    Integration and successful trades of 10 additional verified supported coins. These will be announced soon!
    Blocknet Wiki is being worked on by Baron and Philip Marshall which is approximately 50% complete.
    A Blocknet DX visual explorer is being worked on by @infinity7592 and is now 25% complete.
    API documentation auto-generation is 50% complete and will soon be accessible through a web page.
    Coinmarketcap updated to source link to the new Github repo and added a link to Rocket Chat and Telegram. Telegram has seen a 10% growth in members in the past week!
    Community representatives have been selected by the community. They are @stormingj and @thebaron.
    A dedicated Korean Telegram channel(https://t.me/Blocknet_Korea) with a huge thanks to @cricket for helping manage this channel!
    Multisig accounts still need to be tested. Until reliable functionality can be certain, the community funds will be held in regular accounts. The spending of these funds will still go through a 4-of-7 approval process consisting of Dan(atcsecure), Arlyn(synechist), Michael(michael), Jeff(86b), Hanni(hanniabu), Justice(@stormingj), and Baron(@thebaron).
    Creation of a community funds tracker for transparency on fund usage: https://docs.google.com/spreadsheets/d/1xFm5LJsRNN62-9XZFqfDckUt2x8ps3pUOBISUxNQYpc/
    Creation of a project tracker for transparency on progress: https://trello.com/b/NQLsFMzK/blocknet-progress-tracker
    Creation of a translations tracker for open community contribution: https://docs.google.com/spreadsheets/d/1G9J8Bpnna9UOFNUmQb33yCP7hj5q6a3uO4ak3Vf5LNo/
    Initial talks of producing a high quality Blocknet video. (@Mav137, @bob) https://docs.google.com/document/d/1S1yKy8hDrF3p6h-1MlUzJxRGfAZFui-qSz88ECsM1Gs/edit (In early planning stages)
    Arlyn is continuing work on the whitepaper.
    The community-driven marketing group is taking form with the addition of #marketing-investors, #marketing-users, #marketing-developers, #designers, #video, #events, #pr, #documentation, #support, #support-users, and #support-developers. This separation of groups will help the community better organize initiatives as well as allow for an influx of new members.

Blocknet in review 2017:

    Service nodes launch on mainnet.
    Implementation of the Community Governance System.
    Expanded to 11 contributing developers: Dan(@atcsecure), Arlyn(@synechist), Michael(@michael), Jeff(@86b), @aderks, Steve(@sawtoothgeek), Andrew(@arackcheev), Olag(@boa), Vladmir(@corvaxx), Andrey(@xenix), Kamel(@infinity7592).
    Members Hanni(@hanniabu) and @philipmarshall stepped in to drive supportive tasks and social media.
    Community-created service node toolkit(@ishkb1): https://block-node.info/
    Community-created node earnings calculator(@stormingj): http://bit.ly/block-roi
    Community-created informational website(@hanniabu): https://blocknetprotocol.com
    Partnership with Bitfinex to use Blocknet’s protocol to power Ethfinex, which is Bitfinex’s decentralized exchange: https://blog.ethfinex.com/the-ethfinex-roadmap-7c7cd82c835c
    Partnership with Dynamic Solutions to use Blocknet for connecting their dual-blockchain architecture (Duality and Sequence). https://dualitypost.wordpress.com/2017/06/03/duality-the-internet-of-blockchains/
    Partnership with Bitnation for using Blocknet’s protocol for microservices. https://cointelegraph.com/news/governance-moves-forward-via-bitnation-blocknet-horizon-partnership
    Newsletter: http://eepurl.com/c5OJMj
    Migrated from Slack to Rocket Chat (https://rocket.blocknet.co:8443/)
    Partnership with VSA to build the Blocknet DX UI.
    UI reveal and early demo.
    Establishment of community funds totalling 130k BLOCK: http://blocknetdx.forumotion.com/t10-community-fund-proposals-redeem-fund-allocations
    Integration and successful trades of 30 officially verified supported coins:

BitBay (BAY), Bitcoin (BTC), Bitcoin Cash (BCH), Blocknet (BLOCK), Dash (DASH), Decred (DCR), Digibyte (DGB), Dogecoin (DOGE), Dynamic (DYN), GameCredits (GAME), Faircoin (FAIR), HShare (HSR), LBRY Credits (LBC), Litecoin (LTC), Monacoin (MONA), MonetaryUnit (MUE), Namecoin (NMC), NavCoin (NAV), Particl (PART), Peercoin (PPC), PIVX (PIVX), Potcoin (POT), Qtum (QTUM), Sequence (SEQ), Stratis (STRAT), Syscoin (SYS), Vericoin (VRC), Verge (XVG), Vertcoin (VTC), ViaCoin (VIA).

Blocknet just dropped a huge news bomb!  thought you guys should know

https://medium.com/@theblocknetchannel/blocknet-2018-what-to-look-forward-to-2362561c5ccd



Blocknet 2018: What to look forward to!


With 2017 coming to an end, we wanted to provide the community with some updates regarding what is on the horizon for Blocknet in 2018, but first let’s take a look at what this community has accomplished so far.

2017 was a busy year for Blocknet! With the launch of the new production chain, the Service nodes launch on mainnet, the partnership with VSA to build the Blocknet UI (as well as the UI Reveal) and the implementation of the Community Governance System, it has been a very productive year. This is what was achieved…

I prefer to invest in projects that aim to make a difference and implement real development and innovation.
Most of those projects require time to prosper. I guess this applies to Blocknet too.
If you are in a rush, it might not be for you. If you have patience, Blocknet can be a very interesting opportunity.

They deserve, but how about development?

People now want to see better things from projects. I'm talking about blocknet only, the others as well. Centralized exchanges are looking nice because their products are working fine as exchanger platforms.

Blocknet deserves more attention. If they are able to come up with a major UI and SPV wallet release as mentioned above, Blocknet could become a safe haven for crypto traders and owners.

You will be able to trade ETH on The Blocknet once 0x is integrated

blocknet and barterdex are both great and i hope the market will adopt it
hopefully ethereum will be capable of atomic swaps too and erc20 tokens will be traded in barterdex too

These guys are doing marketing and UI for Blocknet

http://www.vsapartners.com/

past clients include IBM, Facebook, Nike, McDonalds, Harley Davidson, P&G, General Electric. many more, see for yourselves

and they are very committed to Blocknet....

here is a list of supported coins(green ticks tested)  projects do not need to add code to their wallets to be integrated.  ERC 20 coins provided for by integration with Ox.

https://block-node.info/index.php

- owning a service node will provide passive income, as will staking. the numbers for even minor adoption are extrodinary.  there are calculations that with even 1% share that translate to iirc $260K p/a. (will dig out calculator and post)

- the developers in this project are completely open, full of integrity, intelligence, vision and openness, and are committed to complete decentralization. the slack members are the most intelligent and commetted ive personaly found.  vast majority are firm holders, hence keeping the price stable 

- all major exchange functions of blocknet are decentralized.  at no point do users funds ever leave their control, and users will not have to divulge personal info to use the exchange

- Blocknet DX is the most technologically and devopmentally advanced dex, just weeks from major UI and SPV wallet release, and in fact already is trading with dozens of tested coin pairs

- other dex projects with louder marketing and lesser tech have massively increased in value

tbc...

this is a speculation forum for speculators and investors.  so i'll offer up some information relevant to you guys. and to disclose: i obviously own blocknet myself. its very foolish not to be diversified, but i found myself over the last 9 months deciding where to place my bets and scanning the space, which i was doing for 80-100 hours a week, i kept coming back to blocknet as the project that made most sense.

i dont particularly care for the title of this thread, but there's a bunch of information up there ^^^ that's useful so its not worth starting a new one. to add to the above from the top of my head in no particular order :

- owning a blocknet masternode (known as a service node, requiring 5000 block) means you receive fees for all trades that transact over blocknet dex

- Blocknet is PoS, and staking rewards for any number of holdings are frequent and give an ROI in region of 13% last time i checked.

- blocknet is a protocol.  it can be used as the backend of any dex that may want to use it, and is being integrated on other exchanges, accruing trade fees for block holders.

- to begin with, blocknet will have access to bitfinex's orderbook through ethfinex, meaning instant liquidity for users of Blocknet DX

[/quote]
The centralized exchanges are still dominating the trend. How it comes to the easy buy and order especially with the latest condition of the ethereum network that makes you need to pay the more fees for each of your transaction. The decentralized means the peer to peer transaction will be applied. but it may cost the more fees rather than centralized exchange because it has used the direct transaction to the owner's address.
Just like i send the token directly to the wallet without a middle party.
[/quote]

Outside of BTC trades, interchain fees are miniscule.  Not only are they miniscule, blocknet also does/will not require trading into btc then into your desired coin - just execute directly for your pair.  so at a very minimium you will not be paying 0.15% and 0.15% if you trade as market maker, or 0.25% and 0.25% if you trade at market.  and that, with all the dozens of other advantages of trading on blocknet on top of that.

Genuinely blows my mind blocknet didnt 3x already.  silly progress is going on, and short time before major release

BLOCKNET IS ALL SUBSTANCE AND NO HYPE

The centralized exchanges are still dominating the trend. How it comes to the easy buy and order especially with the latest condition of the ethereum network that makes you need to pay the more fees for each of your transaction. The decentralized means the peer to peer transaction will be applied. but it may cost the more fees rather than centralized exchange because it has used the direct transaction to the owner's address.
Just like i send the token directly to the wallet without a middle party.

hahah a newbie telling me that the top exchanges are bad. I am not going to trust you, these exchanges are good and your exchange is very risky I would not send my funds in there, never ever. period.