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Showing 13 of 13 results by Nick_ADA_FAN
Re: Blocknet solving Ethereums Centralized Data Protocol - Infura
Infura seems like a very bad setup for Ethereum. Never been aware of this, and made me curious about Blocknet, which I remember from back in early 2018. Did a quick glance at it, but never really paid too much attention to the project.
Thanks for sharing this useful info, time to do some research!
Thanks for sharing this useful info, time to do some research!
If Infura is so bad, why does ETH rely so much on it? Seems fucking dumb, guess nobody cares, lol.
I wonder if Blocknet will ever fix this, if they do this project will 500x in price over night, haha
The vast minority of Ethereum users have any ideas of how it works, let alone what Infura really is.
Most people is investing to get rich quick these days. It's all that matters, profit.
Blocknet node owners could make some serious money off of the traffic from Ethereum, just need to be integrated on sites like Metamask etc.
"Lots of money" how much are we talking here? Been following this project for the past week or so, and the community seems very active, which is great to see. The upside on this one is huge, I'll definitely take advantage of that!
If the network get a small fraction of Infuras daily volume, you can make some SERIOUS bank with this. Millions of dollars is processed in fees every week through Infura, imagine if you could get a tiny fraction of that. 1 node would be enough to make a living
Needs to be integrated into Metamask to make that happen, which would be a huge achievement. Not sure if the team can pull it off, but we'll have to wait and see I guess
Last time BTC hit this level, the price of BLOCK was nearly $60 - Which is a 60x from here - And back then they hadn't accomplished this much tech. It might actually be a good play in the end.
Re: [ANN][Blocknet] truly decentralized exchange | token ecosystem infrastructure
What's the ETA on Blocknet's ERC20 coin, representing it 1:1? I'd love to see Blocknet traded on Uniswap.
fuck noooo! should be opposite way around
True, but Blocknet needs liquidity. It's a good way to get in front of millions of people. As soon as the Xitewallet is released I'm sure more people will actually use Blocknets DEX
Take a look at Stakenet - XSN.
Stakenet is working on exactly this problem, and have been the leading project in Lightning Network developments since the past 2 years.
They built their own DEX, which is integrated in a multi currency wallet. This makes it easy to use it, and very convenient as well. The Lightning Network is hosted by Stakenet's 2700+ masternodes, which makes the whole setup decentralized.
Instant BTC/LTC/XSN trading is already working fine, next thing they work on is Ethereum integratiion via the Connext protocol. Once this is enabled, you'll have a fully functional DEX, which works pretty much the same way as Uniswap, but transactions will be instant and with extremely low fees.
Not only that, but this DEX had liquidity providers, meaning you can trade through centralized exchanges such as Binance, without needing an account on there, hence NO KYC.
This project isn't as known as it probably should be, but I believe once ETH is integrated, that people will start noticing it, since the biggest problem on Uniswap right now is:
Failed transactions
High Gas Fees
Slow transactions
Wrapping up BTC is like trading with a condom on. It's not really ideal when you can trade the real thing on a 2nd layer solution, as provided by Stakenet.
Here's a picture of how it looks like for reference:
https://i.imgur.com/hNtP3yd.png
Stakenet is working on exactly this problem, and have been the leading project in Lightning Network developments since the past 2 years.
They built their own DEX, which is integrated in a multi currency wallet. This makes it easy to use it, and very convenient as well. The Lightning Network is hosted by Stakenet's 2700+ masternodes, which makes the whole setup decentralized.
Instant BTC/LTC/XSN trading is already working fine, next thing they work on is Ethereum integratiion via the Connext protocol. Once this is enabled, you'll have a fully functional DEX, which works pretty much the same way as Uniswap, but transactions will be instant and with extremely low fees.
Not only that, but this DEX had liquidity providers, meaning you can trade through centralized exchanges such as Binance, without needing an account on there, hence NO KYC.
This project isn't as known as it probably should be, but I believe once ETH is integrated, that people will start noticing it, since the biggest problem on Uniswap right now is:
Failed transactions
High Gas Fees
Slow transactions
Wrapping up BTC is like trading with a condom on. It's not really ideal when you can trade the real thing on a 2nd layer solution, as provided by Stakenet.
Here's a picture of how it looks like for reference:
https://i.imgur.com/hNtP3yd.png
This is great; why they worked so under the radar?
I think they solved the biggest problem of BTC scalability by introducing Stakenet DEX!
Decentralized Exchange, Instant trades, low fee, no KYC, and liquidity providers. This is DEX, which feels like CEX!
I guess they've just waited with marketing until they had a good product to show, which is getting close to a full release now. Indeed it feels like a CEX, that's the whole point they're aiming for.
Uniswap got very popular very fast, but the transaction fees is crazy high because the Ethereum network is too congested.
I like Unispaw but as you mentioned it has very high transaction fees. Also, you can't trade with real bitcoin. they create Wrapped version which is not feels good!
Uniswap is a total mess, good liqudity but the transaction fees are WAY too high, which is why I'm thinking Stakenet will at least take a decent marketshare if they can pull this off.
Re: Blocknet solving Ethereums Centralized Data Protocol - Infura
Infura seems like a very bad setup for Ethereum. Never been aware of this, and made me curious about Blocknet, which I remember from back in early 2018. Did a quick glance at it, but never really paid too much attention to the project.
Thanks for sharing this useful info, time to do some research!
Thanks for sharing this useful info, time to do some research!
If Infura is so bad, why does ETH rely so much on it? Seems fucking dumb, guess nobody cares, lol.
I wonder if Blocknet will ever fix this, if they do this project will 500x in price over night, haha
Blocknet is not only a DEX. It`s a platform that connects all blockchains to each other. It will have a vast utility. Blocknet is one of the best projects in the blockchain industry.
According to third-party analytical resources, Blocknet has a very high profitability, almost at the level of 2,150%. in almost a year from July 2017 to July 2018, the Block token peaked at $ 57 and immediately began to fall with the entire cryptocurrency market. Today Block has only $ 1.90, but analysts consider the project to be quite promising and deserve the attention of investors.which analysts are you referring to here?
I'd like to know as well.
Blocknet was recently featured on Cointelegraph, (There's a link posted to it somewhere here on the forum).
Their main issue right now is liquidity, which they'll solve with an ETH bridge. They are creating their own ERC20 token to be tradeable on Uniswap and other DEX's. Which is pretty useful
No I don't think Stakenet will reach $1 as it has already its peak during July/August this year and it would be high risk move to invest into Stakenet at this point of time wherein there are other altcoins who has not reached peak and hit rock bottom, but awaiting for a pump and it's better to invest in those altcoins.
Wrong, it peaked in july 2018
No I don't think Stakenet will reach $1 as it has already its peak during July/August this year and it would be high risk move to invest into Stakenet at this point of time wherein there are other altcoins who has not reached peak and hit rock bottom, but awaiting for a pump and it's better to invest in those altcoins.
for me its very impossible for stakenet to reach $1, but maybe not in this year my friend
and next year this coin could reach $1 even more buddy
regards
It's not happening in 2020 obviously, but it will most likely happen next year
You do not really tell us when you think that could happen and that is a critical information to know if it's possible or not, the market cap and its 24 hour trading volume is kind of low so that is a point in favour of the 10x kind of growth that you are expecting out of this coin, however if you believe this is going to happen during the next months then I'll say that is impossible because people are now concentrated in bitcoin and what it can achieve, however if you give it a time frame of roughly one or two years then such a growth could be possible for this coin.
Volume means nothing as it's faked by the majority of exchanges anyway, but to give you an idea of volume from the DEX itself, you can take a peak here: https://orderbook.stakenet.io/monitor/xsn_btc
Pretty decent volume for a DEX with trading limits, running in BETA. Don't you think?
Ethereum is being tested right now, I predict the DEX will be ready by the end of the year. So that's not a long time frame at all.
Do your own research!
yes, i remembered blocknet, they're used to be bickering with the scam supernet which no longer exist.
i wising the supernet people the best but i really don't think it is possible for them to succeed or achieve anything meaningful, it's taking them forever and the funds probably already dried up.
i wising the supernet people the best but i really don't think it is possible for them to succeed or achieve anything meaningful, it's taking them forever and the funds probably already dried up.
They've worked on a LOT of different things at once, which isn' the best strategy, since it slows them down overall. Their Multi Currency Wallet will however make their DEX more accessible. I'm sure the total volume will pick up once you no longer need to download any chains to be able to trade on their platform.
https://xlitewallet.com/
Re: Ethereum relies on Infura to communicate with it's tokens. Infura is CENTRALIZED
Discrediting one project just to promote another doesn't sound good to me. Can't you just shill Blocknet without talking bad about Ethereum? I don't know how true it is that ethereum uses infura or whether infura itself is centralized but I fo know that ethereum is open source and resistant to censorship and centralization. Soon crypto projects would move to decentralized hosting and other services from centralized ones at that point, these shills would become obsolete.
The whole Ethereum network crashed the other day, because Infura didn't run. It IS a real problem, tons of people panicked when they logged into Metamask to see their balance at 0.00. You need to look at the bigger picture here.
If Blocknet's network got integrated into Metamask, giving people a decentralized data source, we wouldn't experience down times - At all.
They are certainly doing amazing marketing, wherever I go I see stakenet, however crypto world is not something like that, just because you speak it to existence doesn't mean it will happen. It is certainly a thing where you would need to be loved by a lot of people to grow bigger than what you are now.
Sometimes some projects come along and they spend millions of dollars in marketing and they still do not grow big, sometimes some projects comes along and they just distribute their own tokens as airdrops and they become huge, it is really all depending on how people see the project. Stakenet has been doing marketing like crazy, I see it EVERYWHERE on bitcointalk and yet I do not see it suddenly becoming the biggest deal in recent crypto world, which may mean people do not care about it that much.
Sometimes some projects come along and they spend millions of dollars in marketing and they still do not grow big, sometimes some projects comes along and they just distribute their own tokens as airdrops and they become huge, it is really all depending on how people see the project. Stakenet has been doing marketing like crazy, I see it EVERYWHERE on bitcointalk and yet I do not see it suddenly becoming the biggest deal in recent crypto world, which may mean people do not care about it that much.
Great point. I did some research on it recently, and surprised it hasn't caught anyones attention all that much. I believe nobody really truly understands it, yet..
It sucks that its not on any decent exchanges yet, but afterall it's a direct competitor to centralized exchanges, so there's that.
Noticed this project here, on Reddit, Facebook and through a few Medium articles.
It sure looks promising with a DEX offering instant trading for BTC, LTC, ETH and it's tokens.
I've been trading on Uniswap for a good amount of time, and got the airdrop as well, which was pretty damn cool.
But, it got me wondering. Since trading fees on Stakenet's DEX is shared among node owners, + another part used to buy up and burning XSN from the total supply, you have the best of both worlds:
Deflationary coin, due to coin burn
Incentive to hold onto the coin, as you're rewarded from people using their dApp.
What do you guys think?
If it breaks $1, it's close to a 10x from here, which doesn't seem TOO impossible for a project with these ambitions.
It sure looks promising with a DEX offering instant trading for BTC, LTC, ETH and it's tokens.
I've been trading on Uniswap for a good amount of time, and got the airdrop as well, which was pretty damn cool.
But, it got me wondering. Since trading fees on Stakenet's DEX is shared among node owners, + another part used to buy up and burning XSN from the total supply, you have the best of both worlds:
Deflationary coin, due to coin burn
Incentive to hold onto the coin, as you're rewarded from people using their dApp.
What do you guys think?
If it breaks $1, it's close to a 10x from here, which doesn't seem TOO impossible for a project with these ambitions.
Re: Instant BTC + ETH Trading Made Possible By Stakenet - XSN
This project looks super fucking slick, not gonna lie.
It's pretty sad to see it lacking bigger exchanges, but if the DEX itself can get enough users, I guess it could be Stakenet's main exchange. Interesting
It's pretty sad to see it lacking bigger exchanges, but if the DEX itself can get enough users, I guess it could be Stakenet's main exchange. Interesting