Post
Topic
Board Announcements (Altcoins)
Re: [ANN][Blocknet] The internet of blockchains | XBridge | true cross-chain P2P
by
CoinHoarder
on 16/05/2017, 12:41:22 UTC
I added Blocknet to the DEX thread. Let me know if there are any edits I should make... please do so in the DEX thread so I am sure to see it. I don't follow this thread super closely.

I also had a suggestion as to how to make trading in the Blocknet exchange (and utilizing its tech for other uses) easiest: "It is also possible to make a multicoin SPV wallet so you don't have to download the blockchains, and you don't need to run several cryptocurrency's wallets separately."

Blocknet
- Status: Alpha
- Website: http://blocknet.co/
- BCT Thread: https://bitcointalk.org/index.php?topic=829576.0
- Blocknet is not only a DEX, it is a peer-to-peer protocol between nodes that connects different blockchains. The DEX is its first application.
- Trades are done in a fully decentralized manner via autonomous atomic swaps
Strengths:
- No derivatives, multisignatures, or IOUs
- Direct trading via atomic swaps
Weaknesses:
- You must download the entire blockchain of each coin you want to trade, have the wallets running, and configure the RPC username/pass*
- Trading is not implemented yet, it is in alpha testing


* You will not have to download the entire blockchains once SPV nodes are made compatible. It is also possible to make a multicoin SPV wallet so you don't have to download the blockchains, and you don't need to run several cryptocurrency's wallets separately.