Post
Topic
Board Announcements (Altcoins)
Re: [ANN][Blocknet] The internet of blockchains | XBridge | true cross-chain P2P
by
greyskies
on 16/05/2017, 17:09:40 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.

Basic trading is implemented and working but there is no user friendly interface to it. I would say it's beyond alpha.