Comparing Chainlinks Oracles With Blocknet's Xrouter.

BTCXRPADA

newbie

Activity: 97

Merit: 0

Quote from: BTCXRPADA on November 11, 2020, 01:55:57 AM

Found this thread through searching, and thought it's pretty relevant to compare these projects.

Chainlink is a very successful project, but I don't believe they've got the best tech, at least not in this case, since node owners need to undergo KYC, while it's NOT needed when using Blocknet's setup. Seems way more decentralized in a way?

It is, however a strong community, and a lot of marketing is why Chainlink is being talked about all the time. Chainlink cannot do anything Blocknet can't, in terms of tech. Wink

Marckolind

jr. member

Activity: 352

Merit: 3

Quote from: slaman29 on November 11, 2020, 05:02:16 AM

Honestly I don't think Chainlink would be anywhere today if not for their huge exposure given by the major sites. Chainlink for example has been on the front page of Coindesk for months alongside BTC and ETH and XRP (weird, right?).

Guys like me can't tell the difference from one type of defi coin to another so we kinda see them all as to avoid:)

True, tons of meaningless "partnerships" has increased exposure towards the project. However don't see Chainlink actually used anywhere, lol.

Quote from: SyndicateLabs on November 11, 2020, 11:06:39 PM

Quote from: CjMapope on November 23, 2019, 12:48:50 AM

Blocknet does have alot, its really curious that its not bigger, hmmm
in the end i think the majority of crypto users dont give a fuk, plain and simple.
They are here to make money, and how or why or what project does it with what tech, most dont care about all that
alot of people are also BTC maximalists, they only see alts as a way to make more BTC, so theres that too : /
in 20 years we will see what happens, tho imo, we should watch for the big places (the ones making the actual blockchain patents yearly) to bring services that make waves
will BTC just have all these features? or will a single alt do it? or many?

I agree with you, we need to move towards bigger things. We've been here and we've seen everything unfold, exactly what i see, even if i make a profit, people will still want more money than altcoins, the future of this market's top blockchain platforms will prevail, i think time will sift through the best. Blocknet, i think will have a role in building blockchain platforms to become stronger, and such projects will be the kind of ecosystems for different platforms.

Good point. Ethereums outage yesterday could have been avoided if the ETH network made use of Blocknet's own decentralized infura solution. I'm sure they could be integrated into metamask to make decentralized data available to their users.

SyndicateLabs

full member

Activity: 896

Merit: 100

PredX - AI-Powered Prediction Market

Quote from: CjMapope on November 23, 2019, 12:48:50 AM

Blocknet does have alot, its really curious that its not bigger, hmmm
in the end i think the majority of crypto users dont give a fuk, plain and simple.
They are here to make money, and how or why or what project does it with what tech, most dont care about all that
alot of people are also BTC maximalists, they only see alts as a way to make more BTC, so theres that too : /
in 20 years we will see what happens, tho imo, we should watch for the big places (the ones making the actual blockchain patents yearly) to bring services that make waves
will BTC just have all these features? or will a single alt do it? or many?

I agree with you, we need to move towards bigger things. We've been here and we've seen everything unfold, exactly what i see, even if i make a profit, people will still want more money than altcoins, the future of this market's top blockchain platforms will prevail, i think time will sift through the best. Blocknet, i think will have a role in building blockchain platforms to become stronger, and such projects will be the kind of ecosystems for different platforms.

slaman29

legendary

Activity: 2674

Merit: 1226

Livecasino, 20% cashback, no fuss payouts.

Honestly I don't think Chainlink would be anywhere today if not for their huge exposure given by the major sites. Chainlink for example has been on the front page of Coindesk for months alongside BTC and ETH and XRP (weird, right?).

Guys like me can't tell the difference from one type of defi coin to another so we kinda see them all as to avoid:)

BTCXRPADA

newbie

Activity: 97

Merit: 0

Found this thread through searching, and thought it's pretty relevant to compare these projects.

Chainlink is a very successful project, but I don't believe they've got the best tech, at least not in this case, since node owners need to undergo KYC, while it's NOT needed when using Blocknet's setup. Seems way more decentralized in a way?

Flux0z

member

Activity: 406

Merit: 10

Quote from: Wh00re on December 06, 2019, 05:16:43 PM

Never really heard much about Blocknet, but it actually looks like a semi decent project. I remember it from back in 2017 where it was on top 100 @ Coinmarketcap, but it was way too expensive for me to consider buying back then.
All this time I thought their only "product" was a DEX, thanks for posting. I guess I'm gonna do some research on this one

I'm pretty sure their DEX was the main reason why they climbed up that high on Coinmarketcap. They where the first to invent such an Exchange, and since then it seems like they lose steem.
Their Xrouter, which is an Oracle solution will hopefully get them back on top of Coinmarketcap at some point, once people realize just how powerful their tech really is.
It's actually laughable that Blocknet's isn't ranked next to Komodo at this point, as Blocknet's tech far exceeds Komodo's capacity, mind you - I'm holding both projects, so it's not like I'm trying to FUD KMD.

Wh00re

newbie

Activity: 122

Merit: 0

Never really heard much about Blocknet, but it actually looks like a semi decent project. I remember it from back in 2017 where it was on top 100 @ Coinmarketcap, but it was way too expensive for me to consider buying back then.
All this time I thought their only "product" was a DEX, thanks for posting. I guess I'm gonna do some research on this one

Flux0z

member

Activity: 406

Merit: 10

Quote from: asriloni on December 04, 2019, 05:38:21 PM

Quote from: GucciBoy on December 02, 2019, 12:56:46 PM

Quote

That sounds like a swap service, you have made a good point about that and it seems like I must try to take a look at the blocknet project. I ask you now does xrouter already alive? I just wanna get my first impression with it.

You can already pull blockchain requests on their network, I'd advice you to join their Discord server and see for yourself, and if you have any questions, their devs and community managers are always there to help out and answer questions.

It seems interesting and I have joined on its discord and the dev is actively answering any question that comes from the newcomers. Plus point.

Quote from: Flux0z on December 03, 2019, 02:25:04 PM

Quote from: GucciBoy on December 02, 2019, 12:56:46 PM

Quote

That sounds like a swap service, you have made a good point about that and it seems like I must try to take a look at the blocknet project. I ask you now does xrouter already alive? I just wanna get my first impression with it.

You can already pull blockchain requests on their network, I'd advice you to join their Discord server and see for yourself, and if you have any questions, their devs and community managers are always there to help out and answer questions.

I had a hard time understand how the Xrouter worked at first, but got a way better understanding after looking through their subs on their Discord server which convinced me these guys aren't fooling around.

You can call a huge number of requests through their masternodes who essentially runs it all. I'd imagine they'll build partnerships once they're ready to do so.

Isn't it the team ready for that? blocknet has a product and that makes sense if this project is starting to gain more and more partnership right now. But something that becomes my concern if blocknet is still lack of the popularity and that needs at least to spread the word about blocknet. I'm interesting to create a direct comparison between both.

Well their Xrouter is still under heavy development, but you can watch it in action, and see how it pulls blockchain info live at their Discord server, where they actually integrated it into. It's pretty cool!

asriloni

legendary

Activity: 3038

Merit: 1024

Leading Crypto Sports Betting & Casino Platform

Quote from: GucciBoy on December 02, 2019, 12:56:46 PM

Quote

That sounds like a swap service, you have made a good point about that and it seems like I must try to take a look at the blocknet project. I ask you now does xrouter already alive? I just wanna get my first impression with it.

You can already pull blockchain requests on their network, I'd advice you to join their Discord server and see for yourself, and if you have any questions, their devs and community managers are always there to help out and answer questions.

It seems interesting and I have joined on its discord and the dev is actively answering any question that comes from the newcomers. Plus point.

Quote from: Flux0z on December 03, 2019, 02:25:04 PM

Quote from: GucciBoy on December 02, 2019, 12:56:46 PM

Quote

That sounds like a swap service, you have made a good point about that and it seems like I must try to take a look at the blocknet project. I ask you now does xrouter already alive? I just wanna get my first impression with it.

You can already pull blockchain requests on their network, I'd advice you to join their Discord server and see for yourself, and if you have any questions, their devs and community managers are always there to help out and answer questions.

I had a hard time understand how the Xrouter worked at first, but got a way better understanding after looking through their subs on their Discord server which convinced me these guys aren't fooling around.

You can call a huge number of requests through their masternodes who essentially runs it all. I'd imagine they'll build partnerships once they're ready to do so.

Isn't it the team ready for that? blocknet has a product and that makes sense if this project is starting to gain more and more partnership right now. But something that becomes my concern if blocknet is still lack of the popularity and that needs at least to spread the word about blocknet. I'm interesting to create a direct comparison between both.

Marckolind

jr. member

Activity: 352

Merit: 3

Nice comparison between the 2 projects. Chainlink has got more partnership, but lacks use cases still.
If Blocknet starts to partner up with big companies, I'm sure it will get noticed as well. Might pick up a big bag of this before it moves up again Grin

Flux0z

member

Activity: 406

Merit: 10

Quote from: GucciBoy on December 02, 2019, 12:56:46 PM

Quote

That sounds like a swap service, you have made a good point about that and it seems like I must try to take a look at the blocknet project. I ask you now does xrouter already alive? I just wanna get my first impression with it.

You can already pull blockchain requests on their network, I'd advice you to join their Discord server and see for yourself, and if you have any questions, their devs and community managers are always there to help out and answer questions.

I had a hard time understand how the Xrouter worked at first, but got a way better understanding after looking through their subs on their Discord server which convinced me these guys aren't fooling around.

You can call a huge number of requests through their masternodes who essentially runs it all. I'd imagine they'll build partnerships once they're ready to do so.

GucciBoy

jr. member

Activity: 196

Merit: 6

Quote

That sounds like a swap service, you have made a good point about that and it seems like I must try to take a look at the blocknet project. I ask you now does xrouter already alive? I just wanna get my first impression with it.

You can already pull blockchain requests on their network, I'd advice you to join their Discord server and see for yourself, and if you have any questions, their devs and community managers are always there to help out and answer questions.

asriloni

legendary

Activity: 3038

Merit: 1024

Leading Crypto Sports Betting & Casino Platform

Quote from: Flux0z on November 28, 2019, 03:56:12 PM

Quote from: asriloni on November 27, 2019, 10:45:17 PM

Quote from: Flux0z on November 26, 2019, 03:38:46 PM

Quote from: asriloni on November 25, 2019, 11:31:56 PM

Quote from: Flux0z on November 25, 2019, 03:03:45 PM

Quote from: CjMapope on November 23, 2019, 12:48:50 AM

Blocknet does have alot, its really curious that its not bigger, hmmm
in the end i think the majority of crypto users dont give a fuk, plain and simple.
They are here to make money, and how or why or what project does it with what tech, most dont care about all that
alot of people are also BTC maximalists, they only see alts as a way to make more BTC, so theres that too : /
in 20 years we will see what happens, tho imo, we should watch for the big places (the ones making the actual blockchain patents yearly) to bring services that make waves
will BTC just have all these features? or will a single alt do it? or many?

Well I kind of agree.
The hype around Chainlink has been massive. Hype means it's easier to get recognized, and form partnerships I guess. Don't see any reason as to why Chainlink is 200x the marketcap of BLOCK.

With Blocknet's Xrouter you'll be able to connect to virtually anything, not just blockchains, but real world applications as well.
Blocknet has non-spv calls that can be used to connect to any off-chain service. These services can be things you run yourself (your own custom code) or you can just point to existing services. For instance, if I wanted to I could monetize coinmarketcaps API. You could make it available for devs to use that API and make payments in crypto, not having to worry at all about the hurdles that come with fiat payments.

can you tell me what kind of real world applications? AFAIK, xrouter is working on out of the box. But I still doubt about that because what i know about xrouter is to build the interchain connection.
The hype of chainlink is very massive and people are always talking positively about chainlink anytime. I'm also joining in the chainlink TG group and that sounds like chainlink is getting a very big hype.
It's very ambitious project, that's why it was getting 200x.

If you think Chainlink is ambitious then you need to learn more about Blocknet. Blocknet supports oracle services to external APIs just like Chainlink does, PLUS is also supports Blockchain SPV calls and decentralized exchange. The growth and scalability of Blocknet is also independent of the chain so there's no concerns about block times or a bloated chain.

Chainlink took the easy route and built a rudimentary smart contract, don't let their marketing fool you. Blocknet has been carefully developing their blockchain services to take into account all the issues the rest of the ecosystem is having to be extremely scalable, secure, and developer friendly.

It seems really interesting thing, I just know a little bit about that from some articles. I just feel curious when it comes to the DEX and isn't DEX itself really depend on the blockchain? We know that dapps itself can't be independent because any transaction will be directly connecting to the blockchain.

Their DEX and their Xrouter solution is 2 different things, both controlled and operated by Blocknets service nodes.
The DEX itself communicates through a peer 2 peer solution. It basically matches buyers and sellers, with 0 middlemen inbetween.

The Xrouter can gather all kinds of blockchain info by request, but can also gather info through real world applications, which is very interesting since it's basically the same thing Chainlink aims to do, just Blocknet being the cheaper option, and obviously more decentralized, since it's a permissionless solution.
Blocknet is running their own blockchain as well, which is a huge advantage, as they wont experience the same blockchain bloat (Remember crypto kitties?) as any token running on Ethereum.

That sounds like a swap service, you have made a good point about that and it seems like I must try to take a look at the blocknet project. I ask you now does xrouter already alive? I just wanna get my first impression with it.

Marckolind

jr. member

Activity: 352

Merit: 3

Quote from: Ucy on November 26, 2019, 08:02:52 AM

Quote from: Flux0z on November 22, 2019, 08:49:46 PM

Blocknet - The Internet Of Blockchains

I recently digged deep into this project, since I got extremely interested in DEX's since they seem to be on everyones agenda lately. To my surprise I discovered that Blocknet is WAY more than just a simple "DEX".
Their Xrouter is what caught my interest:

Blocknet's XRouter which makes it possible to build decentralized apps using features from any public or private blockchain, which will serve as the foundation for multi-blockchain architectures and the “Internet of Blockchains”. XRouter was designed from the ground up to provide interoperability with ANY and ALL blockchains.

Sounds familiar doesn't it? Sounds a LOT like Chainlink. You can read more about it here: https://blocknet.co/xrouter-missing-link-between-all-blockchains/

When comparing Blocknet's Xrouter to Chainlinks Oracles an interesting thing caught my attention:

The XRouter can serve billions of requests per day like Infura (who is doing over 20 billion/day). If each call averages out to about 0.001 BLOCK/call, then that's about $1,000,000 going to the active service nodes. If 100 is running it equals to $10,000/day per service node that the XRouter pulls in based off a tiny 0.001 BLOCK call at $0.70.

LINK charges 0.1 LINK/call which is 0.23 cents, which is quite expensive compared to Blocknet's Xrouter

I'm not saying LINK is a trash project, but it sure seems hyped up when you've got a project doing the exact same thing in a far more decentralized fashion with a 1/200 of the marketcap, while having the first working DEX running at the same time.

What are you guys thoughts about this? I'd love to know, because honestly? Blocknet seems to be extremely undervalued in this case, when it actually seems to be a superior solution, which is MUCH cheaper to use for everyone.

Overall, I don't understand how a project that has built this much from the ground up is ranked as low as it is. Sure they don't do aggressive marketing like Justin Sun, or Sergey, but their tech is mind blowing if you dig down and actually understand it's use cases.

Seems the aggressive marketing would help. Influential people from traditional markets(& sometimes with opposing ideologies) tend to be overhyped and well funded because of their wealthy private funders. If Blocknet is truely what people say it is, it should begin to take advertisement more seriously. You could invite some of the most popular people in this space to test the DEX and give their honest review publicly. I think true believers will help promote the DEX if they are impressed. You could also try Signature Campaign here and reward the campaigners with maybe the DEX tokens.

I'm sure they've got a marketing plan, but spending thousands of dollars in a bear market is a pretty stupid move.
Chainlink have been SPAMMED all over 4chan since it's inception, which made people believe it's the "next big thing" - Not even knowing about Blocknet.
Popular crypto projects have it easier with "partnerships", since these big corporations uses the hype to market themselves. It's basically FREE promotion, PLUS they get paid for it, get it?

Remember the hype around Vechain and their Pornhub "partnership" ? Sure the project made a 3x due to that, but when the hype settled down, so did the price, which I expect LINK will do as well eventually.

The Chainlink community has become some kind of cult, at least on 4chan. I'm seeing better discussions when visiting their Discord channel though, which is great to see at least. I do think that a LOT of people invested in LINK, expecting "MOON-Like"-gains, and that's the wrong way to invest.
We still need to see actual adoption, use cases, etc. Right now, I'm not seeing much, but that's the case with the majority of projects out there, so hard to blame them honestly.

Flux0z

member

Activity: 406

Merit: 10

Quote from: asriloni on November 27, 2019, 10:45:17 PM

Quote from: Flux0z on November 26, 2019, 03:38:46 PM

Quote from: asriloni on November 25, 2019, 11:31:56 PM

Quote from: Flux0z on November 25, 2019, 03:03:45 PM

Quote from: CjMapope on November 23, 2019, 12:48:50 AM

Blocknet does have alot, its really curious that its not bigger, hmmm
in the end i think the majority of crypto users dont give a fuk, plain and simple.
They are here to make money, and how or why or what project does it with what tech, most dont care about all that
alot of people are also BTC maximalists, they only see alts as a way to make more BTC, so theres that too : /
in 20 years we will see what happens, tho imo, we should watch for the big places (the ones making the actual blockchain patents yearly) to bring services that make waves
will BTC just have all these features? or will a single alt do it? or many?

Well I kind of agree.
The hype around Chainlink has been massive. Hype means it's easier to get recognized, and form partnerships I guess. Don't see any reason as to why Chainlink is 200x the marketcap of BLOCK.

With Blocknet's Xrouter you'll be able to connect to virtually anything, not just blockchains, but real world applications as well.
Blocknet has non-spv calls that can be used to connect to any off-chain service. These services can be things you run yourself (your own custom code) or you can just point to existing services. For instance, if I wanted to I could monetize coinmarketcaps API. You could make it available for devs to use that API and make payments in crypto, not having to worry at all about the hurdles that come with fiat payments.

can you tell me what kind of real world applications? AFAIK, xrouter is working on out of the box. But I still doubt about that because what i know about xrouter is to build the interchain connection.
The hype of chainlink is very massive and people are always talking positively about chainlink anytime. I'm also joining in the chainlink TG group and that sounds like chainlink is getting a very big hype.
It's very ambitious project, that's why it was getting 200x.

If you think Chainlink is ambitious then you need to learn more about Blocknet. Blocknet supports oracle services to external APIs just like Chainlink does, PLUS is also supports Blockchain SPV calls and decentralized exchange. The growth and scalability of Blocknet is also independent of the chain so there's no concerns about block times or a bloated chain.

Chainlink took the easy route and built a rudimentary smart contract, don't let their marketing fool you. Blocknet has been carefully developing their blockchain services to take into account all the issues the rest of the ecosystem is having to be extremely scalable, secure, and developer friendly.

It seems really interesting thing, I just know a little bit about that from some articles. I just feel curious when it comes to the DEX and isn't DEX itself really depend on the blockchain? We know that dapps itself can't be independent because any transaction will be directly connecting to the blockchain.

Their DEX and their Xrouter solution is 2 different things, both controlled and operated by Blocknets service nodes.
The DEX itself communicates through a peer 2 peer solution. It basically matches buyers and sellers, with 0 middlemen inbetween.

The Xrouter can gather all kinds of blockchain info by request, but can also gather info through real world applications, which is very interesting since it's basically the same thing Chainlink aims to do, just Blocknet being the cheaper option, and obviously more decentralized, since it's a permissionless solution.
Blocknet is running their own blockchain as well, which is a huge advantage, as they wont experience the same blockchain bloat (Remember crypto kitties?) as any token running on Ethereum.

asriloni

legendary

Activity: 3038

Merit: 1024

Leading Crypto Sports Betting & Casino Platform

Quote from: Flux0z on November 26, 2019, 03:38:46 PM

Quote from: asriloni on November 25, 2019, 11:31:56 PM

Quote from: Flux0z on November 25, 2019, 03:03:45 PM

Quote from: CjMapope on November 23, 2019, 12:48:50 AM

Blocknet does have alot, its really curious that its not bigger, hmmm
in the end i think the majority of crypto users dont give a fuk, plain and simple.
They are here to make money, and how or why or what project does it with what tech, most dont care about all that
alot of people are also BTC maximalists, they only see alts as a way to make more BTC, so theres that too : /
in 20 years we will see what happens, tho imo, we should watch for the big places (the ones making the actual blockchain patents yearly) to bring services that make waves
will BTC just have all these features? or will a single alt do it? or many?

Well I kind of agree.
The hype around Chainlink has been massive. Hype means it's easier to get recognized, and form partnerships I guess. Don't see any reason as to why Chainlink is 200x the marketcap of BLOCK.

With Blocknet's Xrouter you'll be able to connect to virtually anything, not just blockchains, but real world applications as well.
Blocknet has non-spv calls that can be used to connect to any off-chain service. These services can be things you run yourself (your own custom code) or you can just point to existing services. For instance, if I wanted to I could monetize coinmarketcaps API. You could make it available for devs to use that API and make payments in crypto, not having to worry at all about the hurdles that come with fiat payments.

can you tell me what kind of real world applications? AFAIK, xrouter is working on out of the box. But I still doubt about that because what i know about xrouter is to build the interchain connection.
The hype of chainlink is very massive and people are always talking positively about chainlink anytime. I'm also joining in the chainlink TG group and that sounds like chainlink is getting a very big hype.
It's very ambitious project, that's why it was getting 200x.

If you think Chainlink is ambitious then you need to learn more about Blocknet. Blocknet supports oracle services to external APIs just like Chainlink does, PLUS is also supports Blockchain SPV calls and decentralized exchange. The growth and scalability of Blocknet is also independent of the chain so there's no concerns about block times or a bloated chain.

Chainlink took the easy route and built a rudimentary smart contract, don't let their marketing fool you. Blocknet has been carefully developing their blockchain services to take into account all the issues the rest of the ecosystem is having to be extremely scalable, secure, and developer friendly.

It seems really interesting thing, I just know a little bit about that from some articles. I just feel curious when it comes to the DEX and isn't DEX itself really depend on the blockchain? We know that dapps itself can't be independent because any transaction will be directly connecting to the blockchain.

GucciBoy

jr. member

Activity: 196

Merit: 6

It's great to see that I'm not the only one excited about Blocknet. I held back for a while, since it seemed like nobody cared about the project.

It's kinda funny how all these people shilling LINK, has no idea what has been cooking in the pot over at the Blocknet team for such a long time already.

The fact that Blocknet is SO much cheaper to use, makes me question whether LINK itself will be successful at approaching companies to accept their rates, when there are cheaper alternatives out there.
Chainlink does have potential, any project involved in blockchain technology has potential to be adopted into the real world, not counting "shitcoins" obviously. The thing I hate most about LINK is it's "Cult-Like" following, spewing nonsense everywhere, it's like these guys believe it's the only project out there that matters.

If there's one thing I learned in crypto, it's that you shouldn't be emotional based on your investments, no matter the performance of your holdings.

Flux0z

member

Activity: 406

Merit: 10

Quote from: asriloni on November 25, 2019, 11:31:56 PM

Quote from: Flux0z on November 25, 2019, 03:03:45 PM

Quote from: CjMapope on November 23, 2019, 12:48:50 AM

Blocknet does have alot, its really curious that its not bigger, hmmm
in the end i think the majority of crypto users dont give a fuk, plain and simple.
They are here to make money, and how or why or what project does it with what tech, most dont care about all that
alot of people are also BTC maximalists, they only see alts as a way to make more BTC, so theres that too : /
in 20 years we will see what happens, tho imo, we should watch for the big places (the ones making the actual blockchain patents yearly) to bring services that make waves
will BTC just have all these features? or will a single alt do it? or many?

Well I kind of agree.
The hype around Chainlink has been massive. Hype means it's easier to get recognized, and form partnerships I guess. Don't see any reason as to why Chainlink is 200x the marketcap of BLOCK.

With Blocknet's Xrouter you'll be able to connect to virtually anything, not just blockchains, but real world applications as well.
Blocknet has non-spv calls that can be used to connect to any off-chain service. These services can be things you run yourself (your own custom code) or you can just point to existing services. For instance, if I wanted to I could monetize coinmarketcaps API. You could make it available for devs to use that API and make payments in crypto, not having to worry at all about the hurdles that come with fiat payments.

can you tell me what kind of real world applications? AFAIK, xrouter is working on out of the box. But I still doubt about that because what i know about xrouter is to build the interchain connection.
The hype of chainlink is very massive and people are always talking positively about chainlink anytime. I'm also joining in the chainlink TG group and that sounds like chainlink is getting a very big hype.
It's very ambitious project, that's why it was getting 200x.

If you think Chainlink is ambitious then you need to learn more about Blocknet. Blocknet supports oracle services to external APIs just like Chainlink does, PLUS is also supports Blockchain SPV calls and decentralized exchange. The growth and scalability of Blocknet is also independent of the chain so there's no concerns about block times or a bloated chain.

Chainlink took the easy route and built a rudimentary smart contract, don't let their marketing fool you. Blocknet has been carefully developing their blockchain services to take into account all the issues the rest of the ecosystem is having to be extremely scalable, secure, and developer friendly.

Ucy

sr. member

Activity: 2674

Merit: 403

Compare rates on different exchanges & swap.

Quote from: Flux0z on November 22, 2019, 08:49:46 PM

Blocknet - The Internet Of Blockchains

I recently digged deep into this project, since I got extremely interested in DEX's since they seem to be on everyones agenda lately. To my surprise I discovered that Blocknet is WAY more than just a simple "DEX".
Their Xrouter is what caught my interest:

Blocknet's XRouter which makes it possible to build decentralized apps using features from any public or private blockchain, which will serve as the foundation for multi-blockchain architectures and the “Internet of Blockchains”. XRouter was designed from the ground up to provide interoperability with ANY and ALL blockchains.

Sounds familiar doesn't it? Sounds a LOT like Chainlink. You can read more about it here: https://blocknet.co/xrouter-missing-link-between-all-blockchains/

When comparing Blocknet's Xrouter to Chainlinks Oracles an interesting thing caught my attention:

The XRouter can serve billions of requests per day like Infura (who is doing over 20 billion/day). If each call averages out to about 0.001 BLOCK/call, then that's about $1,000,000 going to the active service nodes. If 100 is running it equals to $10,000/day per service node that the XRouter pulls in based off a tiny 0.001 BLOCK call at $0.70.

LINK charges 0.1 LINK/call which is 0.23 cents, which is quite expensive compared to Blocknet's Xrouter

I'm not saying LINK is a trash project, but it sure seems hyped up when you've got a project doing the exact same thing in a far more decentralized fashion with a 1/200 of the marketcap, while having the first working DEX running at the same time.

What are you guys thoughts about this? I'd love to know, because honestly? Blocknet seems to be extremely undervalued in this case, when it actually seems to be a superior solution, which is MUCH cheaper to use for everyone.

Overall, I don't understand how a project that has built this much from the ground up is ranked as low as it is. Sure they don't do aggressive marketing like Justin Sun, or Sergey, but their tech is mind blowing if you dig down and actually understand it's use cases.

Seems the aggressive marketing would help. Influential people from traditional markets(& sometimes with opposing ideologies) tend to be overhyped and well funded because of their wealthy private funders. If Blocknet is truely what people say it is, it should begin to take advertisement more seriously. You could invite some of the most popular people in this space to test the DEX and give their honest review publicly. I think true believers will help promote the DEX if they are impressed. You could also try Signature Campaign here and reward the campaigners with maybe the DEX tokens.

o48o

legendary

Activity: 3052

Merit: 1168

Leading Crypto Sports Betting & Casino Platform

The current price doesn't really surprise me as this rised fast. I mean it's still 10x in dollars for anyone holding it from -17 before the bullrun. Even that's lot to unload for the markets that don't exist at the moment.

Topic: Comparing Chainlinks Oracles With Blocknet's Xrouter. (Read 311 times)