Hit me with both hands, but this DEX is full of good stuff and really piques my interest...
Maybe DEXes is not the one you wanted but I tell you, it's the one that we needed. So let me start by defining what is Blocknet DEX...
Blocknet is a second-layer blockchain interoperability protocol that enables communication, interaction, and exchange between and among different blockchains. As a truly decentralized exchange platform, Blocknet is not restricted within the control of an intermediary or a single entity. The project is open source and supports its own development and innovation through self-funding mechanisms. It is also considered as a Proo-of-Stake (PoS) blockchain with its utility token called BLOCK.
To be called "the internet of blockchains" is an admirable title that entails the burden of being at the top of the system. Thanks to Blocknet's community and contributors, the essential requisites to be considered a one-of-a-kind DEX can be found in the Blocknet protocol. Blocknet was designed to be a platform of interoperability, allowing multiple existing and upcoming blockchain names to be implemented freely and trade with one another within the network. It also provides the indisputable need for secure and trustless service delivery with its clients. Being a decentralized blockchain, Blocknet ensures high security and high determinacy of transactions within the network while removing the participation of a counterparty or middleman in all of its clients' activities. Its composability and monetizability joined together will allow it to live up and develop to address the ever-changing demands of people and time.
The project's Block DX/DEX was considered as the first true decentralized exchange that enables trading to other connected blockchains. Participants within the network conduct their orders on a peer-to-peer basis within the decentralized order books and matching. Moreover, the Block DEX features waived account requirements and payment for listing, as well as trustless and private trading.
Blocknet's solutions for the peer-to-peer interconnection between different blockchains makes the following considerations for the present time and in the near future reachable:
One for All DEX Platform – Blocknet's existence makes it possible for any crypto and blockchain service to contact and integrate with one another. It will also allow blockchain services to act as protocol services that may be used by any other decentralized applications towards other blockchains.
Ease of Use and Flexibility for Decentralized Applications and Smart Contracts – dApps will stand as intuitive inter-chain services with a much simpler design that can be upgraded or fixed accordingly. The building of dApps with a microservice architecture where blockchains can deliver services can also be realized within the given category. On the other hand, smart contracts will play their role as protocol tokens that do not only monetize dApps but also harness their great potential towards crypto utilization.
Digital World Business – cryptoeconomically-driven business models ushered in by blockchain technology are possible with Blocknet being a functional and foundational infrastructure for the token ecosystem.
Blocknet's decent structure composition and design make it fit to take up the noble and insurmountable task of connecting isolated blockchain systems to establish a coherent platform for everyone.