Post
Topic
Board Announcements (Altcoins)
Re: DNotes 2.0 - Staking, CRISP Interest, DNotes Pay
by
Wosterlee
on 06/08/2018, 09:02:33 UTC
Technical question to the DNotes team from a long term investor:

Is OP_CHECKLOCKTIMEVERIFY (BIP65) implemented in the DNotes 2.0 code?

If so, it makes DNotes interoperable with many other coins via atomic swaps and can be traded with them on BlockNet's decentralized exchange. No sign-up fees, no delistings, no KYC, no limits and 100% full ownership over your private keys. Interoperability makes it possible to pay with DNotes for services on other blockchains such as the Syscoin Blockmarket or Siacoins data storage.

Thank you Wosterlee, I appreciate you bringing this to our attention. Decentralized exchanges are something that we need to investigate more closely as far as getting DNotes listed on the existing ones. The opcode for BIP 65 is in the code https://github.com/DNotesCoin/DNotes2.0/search?q=OP_CHECKLOCKTIMEVERIFY and I will bring this up and for further investigation and prioritizing. Do you currently use Blocknet DX? If so, how would you describe your experience using it? And do you think getting DNotes listed there will have a significant on DNotes market?

Thank you for you interest. I'll try to make a brief summary for you. Blocknet is an interoperability protocol and is now working on it's first 'Dapp' which is the DEX. However, Blocknet strives to make every aspect of the exchange decentralised, unlike most exchanges and hybrid DEX's. Currently you are able to trade, but it will require some effort and there is little to none liquidity. You would need to download the wallet+blockchains of each coin that you want to trade and link them using the rpc ports. Blocknet is now working on expanding the exchange features (limit orders, order history) at the moment together with their partner VSA partners, a company from Chicago that developed the GUI. To really lower the hurdle for the average Joe, Blocknet is looking for ways to implement a multiwallet or lite clients for each coins. There is now ongoing debate however if Blocknet should make these lite wallets or if these should be provided by the initial coin developer.

There is way more to get into, maybe it's best to start with this youtube video of the team explained their product: https://www.youtube.com/watch?v=DY53_QlsIWA&t=1&30s=

You can apply for integration using this form:

https://docs.google.com/forms/d/e/1FAIpQLScgW8lm9qwPf1pP3ROlydU410kGG9XQzhI5NwgMF8GuRtGQfg/viewform