Post
Topic
Board Announcements (Altcoins)
Re: [ANN][Blocknet] The internet of blockchains / XBridge / true cross-chain P2P
by
Queeq
on 21/10/2014, 13:23:33 UTC
Basically they are replacing btc as a median and using blocknet shares in its place. Thats what it looks like to me when its all boiled down. Rather than pay tx's fees to miners using btc and an exchange fee. You use blocknet shares and the fee is split up among the holders of the shares.

Hm...
Should I pay twice to use, say, VPN provided by some node then? Once - to the node itself for the service, and second - to the Blocknet for being able to communicate with the node. This way? And those Blocknet shares are distributed to share holders, right? And is the Blocknet protected with kinda PoS?