Blocknet's DEX and Xrouter. Might Peak Next Bull Run. $100 Blocknet Speculation.

LeoBTCGod

jr. member

Activity: 60

Merit: 1

Quote from: Flux0z on June 11, 2020, 09:07:06 AM

Once Blocknet's Litewallet is released, which is a multi currency wallet with 1-click atomic swap trading from the integrated DEX by Blocknet. I'm sure volume will pick up.

The litewallet looks awesome, just read the recent Blocknet newsletter covering the fact that the Litewallet's GUI is finished, and needs the final touches for release, which is pretty damn cool

BTCXRPADA

newbie

Activity: 97

Merit: 0

Quote from: Marckolind on June 25, 2020, 12:38:53 PM

Quote from: GucciBoy on June 24, 2020, 12:23:44 PM

Blocknet just dipped below $1, which made me buy a few hundred more. Blocknet enhances the ETH network, makes it more decentralized through data, and oracles.

Who knows how high this project really can go.

I bought as well. I actually believe Blocknet has potential to reach WAY more than $100. Nobody knows though, we'll have to see what kind of partnerships they roll out eventually Wink

If the XRouter and XBridge takes off, the sky is the limit. Blocknet will literally enhance ETH dApp developments to a more decentralized level, it could be HUGE.

Marckolind

jr. member

Activity: 352

Merit: 3

Quote from: GucciBoy on June 24, 2020, 12:23:44 PM

Blocknet just dipped below $1, which made me buy a few hundred more. Blocknet enhances the ETH network, makes it more decentralized through data, and oracles.

Who knows how high this project really can go.

I bought as well. I actually believe Blocknet has potential to reach WAY more than $100. Nobody knows though, we'll have to see what kind of partnerships they roll out eventually Wink

GucciBoy

jr. member

Activity: 196

Merit: 6

Blocknet just dipped below $1, which made me buy a few hundred more. Blocknet enhances the ETH network, makes it more decentralized through data, and oracles.

Who knows how high this project really can go.

BTCXRPADA

newbie

Activity: 97

Merit: 0

Quote from: ?? on ??

With all the buzz about decentralization - I'm sure most people are unaware that for Ethereum to interact with it's native tokens it uses a centralized data provider - Infura.

As we all know, centralization is what we're trying to fight against. Blocknet is developing their own decentralized version, which will likely be integrated with metamask giving users the option to choose a decentralized data provider.

If Blocknet pulls this off, they are looking at pulling in MASSIVE amounts of transaction fees, which is then distributed to their node owners.

There are 4 different income streams which will benefit Blocknet masternode owners.

Blocknet is really under the radar for now, but mind you, they'll likely do partnerships similar to Chainlink real soon. Cool

If Blocknet partners up with Metamask, or any other big blockchain projects, I'm sure it will fly through the roof do to it's scarcity... Grin

Wh00re

newbie

Activity: 122

Merit: 0

Quote from: Flux0z on June 11, 2020, 09:07:06 AM

Once Blocknet's Litewallet is released, which is a multi currency wallet with 1-click atomic swap trading from the integrated DEX by Blocknet. I'm sure volume will pick up.

https://i.imgur.com/Y08KW8l.jpg

Looks fucking sick. I believe once DEX trading becomes as easy as CEX trading that we'll see a transition of people moving from CEX's to DEX's in a slow steady flow.

I'd love to try this wallet, as I pretty much use standalone GUI wallets for all my coins as it is right now.

Flux0z

member

Activity: 406

Merit: 10

Once Blocknet's Litewallet is released, which is a multi currency wallet with 1-click atomic swap trading from the integrated DEX by Blocknet. I'm sure volume will pick up.

Flux0z

member

Activity: 406

Merit: 10

Quote from: LeoBTCGod on May 28, 2020, 09:15:47 AM

Quote from: leea-1334 on May 27, 2020, 05:47:47 AM

Quote from: Wh00re on May 25, 2020, 07:22:04 AM

Blocknet can potentially reach $600+ why? Well...

Here's a scenario:

ETH charges gas per tx on the chain, giving it utility. ETH gas price right now is around $0.12 and there are about 900,000 tx's/day which brings us to $108,000/day paid in gas. Now let's toss in ICO buy pressure which raised $371M in 2019 (and let's assume it's all on ETH)... that's $1M/day, bringing total pressure to $1.11M/day on ETH. As a result (among other obvious things that don't need to be explained for the sake of the example) ETH is currently at a $22B market cap

Now let's conservatively talk Blocknet usage throwing in some fun numbers. Infura sees about 15 Billion calls per day. Checking out their pricing this comes to about $3.75M/day. Let's say we're able to do only 5% of that, that's $187,500. Now let's say the DX will do only $25M/day at 0.15% (not official, just using as an example), that's $37,500. Combine the 2 and that brings us to $225,000/day or about 20% the "pressure" of ETH (and $563/day income per Service Node assuming there's 400 running.). If you slash ETH's current cap by 20% you get $4.4B... which is $647/BLOCK

But to achieve ETH utility, you need all of those apps/dapps that need executions to create that demand for gas,,, therefore the utility and therefore why ETH is so popular. It is not just about ONE app with a lot of us but a LOT of apps with growing demand and use. Which is why ETH is successful and not really Cryptokitties (which dies after a while).

I believe most people are unaware of the centralized data being broadcasting on the Ethereum network.
To put it simply, they want to build their own Infura solution, Infura is used by Ethereum today, to broadcast transactions on the network.
The easiest way to view Infura is a centralized data source
And so many of the biggest names rely on this source, whether it's many of these ETH DX's or Ledger/etc - Blocknet have the infrastructure to decentralize the data source, meaning you could be asking for an ETH transaction from "service node 1", or "Service node 2"or "Service node 3" etc (Service nodes being the masternodes).

If 1 goes down there will still be access to another one... the other benefit to the end user is they can verify truthfulness based on decentralized consensus
meaning if you call 10 snodes and 9 of the 10 give the same result... the chances are those 9 are correct and the 1 is incorrect

Thanks for your input. This team is really working on a lot of useful needed tech, yet still go unnoticed most of the time. Once they land partnerships with bigger corporations, I'm sure people will pay attention to the project again, haha.

BTCXRPADA

newbie

Activity: 97

Merit: 0

Quote from: leea-1334 on May 27, 2020, 05:47:47 AM

Quote from: Wh00re on May 25, 2020, 07:22:04 AM

Blocknet can potentially reach $600+ why? Well...

Here's a scenario:

ETH charges gas per tx on the chain, giving it utility. ETH gas price right now is around $0.12 and there are about 900,000 tx's/day which brings us to $108,000/day paid in gas. Now let's toss in ICO buy pressure which raised $371M in 2019 (and let's assume it's all on ETH)... that's $1M/day, bringing total pressure to $1.11M/day on ETH. As a result (among other obvious things that don't need to be explained for the sake of the example) ETH is currently at a $22B market cap

Now let's conservatively talk Blocknet usage throwing in some fun numbers. Infura sees about 15 Billion calls per day. Checking out their pricing this comes to about $3.75M/day. Let's say we're able to do only 5% of that, that's $187,500. Now let's say the DX will do only $25M/day at 0.15% (not official, just using as an example), that's $37,500. Combine the 2 and that brings us to $225,000/day or about 20% the "pressure" of ETH (and $563/day income per Service Node assuming there's 400 running.). If you slash ETH's current cap by 20% you get $4.4B... which is $647/BLOCK

But to achieve ETH utility, you need all of those apps/dapps that need executions to create that demand for gas,,, therefore the utility and therefore why ETH is so popular. It is not just about ONE app with a lot of us but a LOT of apps with growing demand and use. Which is why ETH is successful and not really Cryptokitties (which dies after a while).

Blocknet achieving ETH utility is pretty damn hard, but a FRACTION of their use case could make Blocknet explode. Gotta remember that the supply is pretty damn scarse.

GucciBoy

jr. member

Activity: 196

Merit: 6

Quote from: leea-1334 on May 27, 2020, 05:47:47 AM

Quote from: Wh00re on May 25, 2020, 07:22:04 AM

Blocknet can potentially reach $600+ why? Well...

Here's a scenario:

ETH charges gas per tx on the chain, giving it utility. ETH gas price right now is around $0.12 and there are about 900,000 tx's/day which brings us to $108,000/day paid in gas. Now let's toss in ICO buy pressure which raised $371M in 2019 (and let's assume it's all on ETH)... that's $1M/day, bringing total pressure to $1.11M/day on ETH. As a result (among other obvious things that don't need to be explained for the sake of the example) ETH is currently at a $22B market cap

Now let's conservatively talk Blocknet usage throwing in some fun numbers. Infura sees about 15 Billion calls per day. Checking out their pricing this comes to about $3.75M/day. Let's say we're able to do only 5% of that, that's $187,500. Now let's say the DX will do only $25M/day at 0.15% (not official, just using as an example), that's $37,500. Combine the 2 and that brings us to $225,000/day or about 20% the "pressure" of ETH (and $563/day income per Service Node assuming there's 400 running.). If you slash ETH's current cap by 20% you get $4.4B... which is $647/BLOCK

But to achieve ETH utility, you need all of those apps/dapps that need executions to create that demand for gas,,, therefore the utility and therefore why ETH is so popular. It is not just about ONE app with a lot of us but a LOT of apps with growing demand and use. Which is why ETH is successful and not really Cryptokitties (which dies after a while).

True, but Ethereum's dApps depend on Infura, which is centralized data source they use to communicate with to the main chain. Blocknet has a decentralized solution to this, which I believe could be very popular among crypto enthusiasts

LeoBTCGod

jr. member

Activity: 60

Merit: 1

Quote from: leea-1334 on May 27, 2020, 05:47:47 AM

Quote from: Wh00re on May 25, 2020, 07:22:04 AM

Blocknet can potentially reach $600+ why? Well...

Here's a scenario:

ETH charges gas per tx on the chain, giving it utility. ETH gas price right now is around $0.12 and there are about 900,000 tx's/day which brings us to $108,000/day paid in gas. Now let's toss in ICO buy pressure which raised $371M in 2019 (and let's assume it's all on ETH)... that's $1M/day, bringing total pressure to $1.11M/day on ETH. As a result (among other obvious things that don't need to be explained for the sake of the example) ETH is currently at a $22B market cap

Now let's conservatively talk Blocknet usage throwing in some fun numbers. Infura sees about 15 Billion calls per day. Checking out their pricing this comes to about $3.75M/day. Let's say we're able to do only 5% of that, that's $187,500. Now let's say the DX will do only $25M/day at 0.15% (not official, just using as an example), that's $37,500. Combine the 2 and that brings us to $225,000/day or about 20% the "pressure" of ETH (and $563/day income per Service Node assuming there's 400 running.). If you slash ETH's current cap by 20% you get $4.4B... which is $647/BLOCK

But to achieve ETH utility, you need all of those apps/dapps that need executions to create that demand for gas,,, therefore the utility and therefore why ETH is so popular. It is not just about ONE app with a lot of us but a LOT of apps with growing demand and use. Which is why ETH is successful and not really Cryptokitties (which dies after a while).

I believe most people are unaware of the centralized data being broadcasting on the Ethereum network.
To put it simply, they want to build their own Infura solution, Infura is used by Ethereum today, to broadcast transactions on the network.
The easiest way to view Infura is a centralized data source
And so many of the biggest names rely on this source, whether it's many of these ETH DX's or Ledger/etc - Blocknet have the infrastructure to decentralize the data source, meaning you could be asking for an ETH transaction from "service node 1", or "Service node 2"or "Service node 3" etc (Service nodes being the masternodes).

If 1 goes down there will still be access to another one... the other benefit to the end user is they can verify truthfulness based on decentralized consensus
meaning if you call 10 snodes and 9 of the 10 give the same result... the chances are those 9 are correct and the 1 is incorrect

Flux0z

member

Activity: 406

Merit: 10

Quote from: leea-1334 on May 27, 2020, 05:47:47 AM

Quote from: Wh00re on May 25, 2020, 07:22:04 AM

Blocknet can potentially reach $600+ why? Well...

Here's a scenario:

ETH charges gas per tx on the chain, giving it utility. ETH gas price right now is around $0.12 and there are about 900,000 tx's/day which brings us to $108,000/day paid in gas. Now let's toss in ICO buy pressure which raised $371M in 2019 (and let's assume it's all on ETH)... that's $1M/day, bringing total pressure to $1.11M/day on ETH. As a result (among other obvious things that don't need to be explained for the sake of the example) ETH is currently at a $22B market cap

Now let's conservatively talk Blocknet usage throwing in some fun numbers. Infura sees about 15 Billion calls per day. Checking out their pricing this comes to about $3.75M/day. Let's say we're able to do only 5% of that, that's $187,500. Now let's say the DX will do only $25M/day at 0.15% (not official, just using as an example), that's $37,500. Combine the 2 and that brings us to $225,000/day or about 20% the "pressure" of ETH (and $563/day income per Service Node assuming there's 400 running.). If you slash ETH's current cap by 20% you get $4.4B... which is $647/BLOCK

But to achieve ETH utility, you need all of those apps/dapps that need executions to create that demand for gas,,, therefore the utility and therefore why ETH is so popular. It is not just about ONE app with a lot of us but a LOT of apps with growing demand and use. Which is why ETH is successful and not really Cryptokitties (which dies after a while).

True, and while these numbers seem unreal it's definitely not impossible to reach. Blocknet will create the infrastructure for developers to make use of their oracle network, which can be accessed at any time as soon as it's live. Currently XMR, and NEO is being integrated. Wink

This means that you can make extremely flexible dApps gathering blockchain info from multiple chains at once if that's what you wanted to do, even communicate with real life applications through SPV calls.

Blocknet will be extremely flexible, dApps will run smoother, AND cheaper.

leea-1334

hero member

Activity: 2338

Merit: 953

Temporary forum vacation

Quote from: Wh00re on May 25, 2020, 07:22:04 AM

Blocknet can potentially reach $600+ why? Well...

Here's a scenario:

ETH charges gas per tx on the chain, giving it utility. ETH gas price right now is around $0.12 and there are about 900,000 tx's/day which brings us to $108,000/day paid in gas. Now let's toss in ICO buy pressure which raised $371M in 2019 (and let's assume it's all on ETH)... that's $1M/day, bringing total pressure to $1.11M/day on ETH. As a result (among other obvious things that don't need to be explained for the sake of the example) ETH is currently at a $22B market cap

Now let's conservatively talk Blocknet usage throwing in some fun numbers. Infura sees about 15 Billion calls per day. Checking out their pricing this comes to about $3.75M/day. Let's say we're able to do only 5% of that, that's $187,500. Now let's say the DX will do only $25M/day at 0.15% (not official, just using as an example), that's $37,500. Combine the 2 and that brings us to $225,000/day or about 20% the "pressure" of ETH (and $563/day income per Service Node assuming there's 400 running.). If you slash ETH's current cap by 20% you get $4.4B... which is $647/BLOCK

But to achieve ETH utility, you need all of those apps/dapps that need executions to create that demand for gas,,, therefore the utility and therefore why ETH is so popular. It is not just about ONE app with a lot of us but a LOT of apps with growing demand and use. Which is why ETH is successful and not really Cryptokitties (which dies after a while).

LeoBTCGod

jr. member

Activity: 60

Merit: 1

Quote from: Wh00re on May 25, 2020, 07:22:04 AM

Blocknet can potentially reach $600+ why? Well...

Here's a scenario:

ETH charges gas per tx on the chain, giving it utility. ETH gas price right now is around $0.12 and there are about 900,000 tx's/day which brings us to $108,000/day paid in gas. Now let's toss in ICO buy pressure which raised $371M in 2019 (and let's assume it's all on ETH)... that's $1M/day, bringing total pressure to $1.11M/day on ETH. As a result (among other obvious things that don't need to be explained for the sake of the example) ETH is currently at a $22B market cap

Now let's conservatively talk Blocknet usage throwing in some fun numbers. Infura sees about 15 Billion calls per day. Checking out their pricing this comes to about $3.75M/day. Let's say we're able to do only 5% of that, that's $187,500. Now let's say the DX will do only $25M/day at 0.15% (not official, just using as an example), that's $37,500. Combine the 2 and that brings us to $225,000/day or about 20% the "pressure" of ETH (and $563/day income per Service Node assuming there's 400 running.). If you slash ETH's current cap by 20% you get $4.4B... which is $647/BLOCK

That's a pretty wild scenario, and I sure hope anyone holding BLOCK will see those results. I'm pretty interested in their Litewallet, as it's gonna be a game changer for their DEX itself, since I believe more people will make use of an easy to use DEX interface.

Wh00re

newbie

Activity: 122

Merit: 0

Blocknet can potentially reach $600+ why? Well...

Here's a scenario:

ETH charges gas per tx on the chain, giving it utility. ETH gas price right now is around $0.12 and there are about 900,000 tx's/day which brings us to $108,000/day paid in gas. Now let's toss in ICO buy pressure which raised $371M in 2019 (and let's assume it's all on ETH)... that's $1M/day, bringing total pressure to $1.11M/day on ETH. As a result (among other obvious things that don't need to be explained for the sake of the example) ETH is currently at a $22B market cap

Now let's conservatively talk Blocknet usage throwing in some fun numbers. Infura sees about 15 Billion calls per day. Checking out their pricing this comes to about $3.75M/day. Let's say we're able to do only 5% of that, that's $187,500. Now let's say the DX will do only $25M/day at 0.15% (not official, just using as an example), that's $37,500. Combine the 2 and that brings us to $225,000/day or about 20% the "pressure" of ETH (and $563/day income per Service Node assuming there's 400 running.). If you slash ETH's current cap by 20% you get $4.4B... which is $647/BLOCK

Flux0z

member

Activity: 406

Merit: 10

Blocknet is definitely being under estimated at this point, and I completely understand why.

1) Low volume
2) Old project (most people are looking for brand new projects)
3) Hardly anyone understands the tech

What most people don't realise though, is that Blocknet's soon to be released Litewallet will make it WAY easier and more convenient to trade on their DEX. Their XRouter is being worked on as well. NEO has been implemented, and XMR is currently being worked on as well. Eventually you'll be able to access blockchain data from multiple chains as you feel like, which is really damn powerful. We've got so many blockchains, yet they can't communicate.

Through SPV calls, Blocknet will also be able to connect to real world applications - With a marketcap of $10 mio. the upside on this one is truly massive. Time will prove me wrong or right, but I'm sure Blocknet will be a good performing project as soon as they start doing partnerships with other blockchains and real world organisations.

GucciBoy

jr. member

Activity: 196

Merit: 6

Quote from: LeoBTCGod on May 16, 2020, 12:35:11 AM

Quote from: chip1994 on May 14, 2020, 12:11:16 AM

This is a big problem for many new investors. They always believe in the technology of many projects and hope for something bigger about its true development. But projects with good technology are not enough, they need a good community so people can join hands and help that project be strong fomo. Then the new project can survive.
I know blocknet, a popular name in blockchain technology village but it lacks a key to success that is community. many people know the blocknet but are not ready to go with them on a further journey. Blocknet's Xrouter and DEX were supposed to thrive for a long time but were hampered by a lack of popularity. I think the team should consider marketing to attract the community.

While we're still in a bear market, it's really hard to tell which projects will truly make it at this point in time. Some projects have falled more than others, and projects are still evaluated upon hype more than anything, which is likely to change in the future, as crypto projects funded from ICO's is running out of money, which isn't the case with Blocknet's business model for instance.

True, the top 10 alt's has been dominating the market, but we've seen small cap projects lately out performing the bigger projects by a long shot as of recently, which is showing signs of a new bull run.
If and when BTC breaks it's former ATH, we'll see massive moves in the markets again, pushing altcoins through the roof, with only the strongest ones surviving - Blocknet will surely be one of them based on tech and market fundamentals.

LeoBTCGod

jr. member

Activity: 60

Merit: 1

Quote from: chip1994 on May 14, 2020, 12:11:16 AM

This is a big problem for many new investors. They always believe in the technology of many projects and hope for something bigger about its true development. But projects with good technology are not enough, they need a good community so people can join hands and help that project be strong fomo. Then the new project can survive.
I know blocknet, a popular name in blockchain technology village but it lacks a key to success that is community. many people know the blocknet but are not ready to go with them on a further journey. Blocknet's Xrouter and DEX were supposed to thrive for a long time but were hampered by a lack of popularity. I think the team should consider marketing to attract the community.

While we're still in a bear market, it's really hard to tell which projects will truly make it at this point in time. Some projects have falled more than others, and projects are still evaluated upon hype more than anything, which is likely to change in the future, as crypto projects funded from ICO's is running out of money, which isn't the case with Blocknet's business model for instance.

Wh00re

newbie

Activity: 122

Merit: 0

Quote from: chip1994 on May 14, 2020, 12:11:16 AM

This is a big problem for many new investors. They always believe in the technology of many projects and hope for something bigger about its true development. But projects with good technology are not enough, they need a good community so people can join hands and help that project be strong fomo. Then the new project can survive.
I know blocknet, a popular name in blockchain technology village but it lacks a key to success that is community. many people know the blocknet but are not ready to go with them on a further journey. Blocknet's Xrouter and DEX were supposed to thrive for a long time but were hampered by a lack of popularity. I think the team should consider marketing to attract the community.

I believe that once they are finished with the XRouter, they'll definitely seek partnerships with other blockchains, which will in return get them a lot of attention, as we've seen with Chainlink just to name a project.

chip1994

sr. member

Activity: 868

Merit: 251

HEX: Longer pays better

This is a big problem for many new investors. They always believe in the technology of many projects and hope for something bigger about its true development. But projects with good technology are not enough, they need a good community so people can join hands and help that project be strong fomo. Then the new project can survive.
I know blocknet, a popular name in blockchain technology village but it lacks a key to success that is community. many people know the blocknet but are not ready to go with them on a further journey. Blocknet's Xrouter and DEX were supposed to thrive for a long time but were hampered by a lack of popularity. I think the team should consider marketing to attract the community.

Topic: Blocknet's DEX and Xrouter. Might Peak Next Bull Run. $100 Blocknet Speculation. (Read 827 times)