I bought some BLOCK because I think it will reach 50 dollars again in December and that's 10 times the current price... I am writing everything here from a newbie perspective. The current market of BLOCK doesn't seem normal to me because it's way too undervalued. XLite is the coolest wallet I've had atm... As greatly defined by its community,
Blocknet is a second-layer blockchain interoperability protocol that enables communication, interaction, and exchange between different blockchains and oracles. Blocknet enables multi-chain applications and blockchain microservices, creating vast opportunities and possibilities of trading for the crypto world. It is also decentralized and is sustained by its contributors all around the world with the same goal in mind: to create an open and collaborative blockchain ecosystem.
Blocknet provides its very own Block DX, non-custodial and trustless trading which applies cross-chain atomic swaps. Provided below are the reliable and astounding features the Block DX has to offer to its users:
Safe/Harmless Trading – Block DX prohibits middlemen or intermediaries from trading. Assets within the users' wallets shall be fully controlled by them without any participation from third-party arrangements. This ensures speedy and impartial trading to different crypto platforms.
No Account/s Requirement – considering the fact that Block DX is decentralized, the need for accounts, signups, or "Know Your Customer"/"Anti-Money Laundering" requirements are waived.
Competitively Lower Fees – compared to other trading platforms, Block DX charges low trading fees. These trading fees are actually distributed to its Service Nodes for supporting and continuously improving its network. Withdrawal fees are also applicable since trading occurs directly from the users' wallets.
Trading Pair Freedom – Block DX secures complete trading pair freedom, allowing any digital asset to be traded with any other with an equivalent amount. Block DX's supported cryptocurrencies continuously expand as the number of emerging crypto coins arises.
Liquidity – as powered by the Blocknet Protocol, services using the same will have shared order books and liquidity, including Block DX itself. This creates an efficient and effective ground for Blocknet's future innovation.
Fee Distribution and No Listing Fees – one hundred percent (100%) of trade fees within the blockchain are distributed to and among Blocknet's BLOCK holders. Listing fees for assets to be added to Block DX are also waived.
Zero Downtime – Block DX has a built-in DoS protection, as being powered by the Blocknet Protocol. It also provides a largely compatible application programming interface (API) that allows its contributors and developers to painlessly establish trading bot/s and connect such elements to the platform.
The Block DX platform is currently available only as a desktop application. A third party is collaborating with the Blocknet community to establish its first lite wallet which shall also be included on the Blocknet Protocol. This lite wallet may also be integrated into the Block DX to foster cross-chain trading. To date, Block DX has over one hundred twenty-four (124) assets involved, with an astonishing seven thousand six hundred twenty-six (7,626) trading pairs and over thirty-five thousand (35,000) trustless traders continuously increasing over time. (XLite was released to the Public last 3rd of Feb)
As previously mentioned in Blocknet's
theblocknetchannel.medium.com, Blocknet's new roadmap is returning its focus to the goal of building out interchain infrastructure and tools that will foster the development of a completely decentralized blockchain ecosystem. The Blocknet relies on the finality reached by interoperating blockchains themselves and enables users to prove chain state without hosting the chain locally. Blocknet's stakeholders are indeed very fortunate to witness the development and innovation of their trusted network. Its developers and contributors alike are working hard to find ways to further expand the platform and promote the listing of other blockchain titles. With this in mind, the future of Blocknet DEX as a whole shall be propitious.