Published on Feb 21, 2020
The Blocknet empowers the passionate communities behind every coin with atomic swaps on a truly decentralized dapp platform.
The Blocknet connects blockchains, markets, and communities without being an intermediary.
The Blocknet Protocol is a true peer-to-peer protocol between nodes on different blockchains. This enables the transfer of data and value between blockchains and opens the door to cross-chain dapps.
The Blocknet community has been developing this technology since 2014. Our decentralized governance system, open source code, and inter-blockchain protocol ensure that every blockchain is free to interact without centralized entities.
Meet Block DX, the first dapp built on the Blocknet Protocol. Block DX is a truly decentralized exchange that enables trading freedom for connected blockchain communities. Listing on Block DX is free and does not require our permission or control.
With Block DX you'll never have to send your coins to a 3rd party wallet for trading. You maintain ownership at all times. Block DX trades are peer-to-peer, wallet to wallet with no 3rd party.
Instead of controlling currency pairs, Block DX offers absolute trading freedom between any two coins. Communities can trade coins between each other directly.
Block DX can provide centralized trading platforms with additional liquidity. Exchanges looking to settle accounts can trade with Blocknet users to obtain this liquidity via BIP65 atomic swaps.
The Blocknet is a decentralized platform connecting blockchain communities together. Whether it’s through trading or cross-chain dapps, we provide new capabilities to each community we support.
The Blocknet is powered by a network of Service Nodes and Staking Nodes. Service Nodes are the computational power behind the Blocknet's capabilities and protect the order book. Staking Nodes protect the network via our Proof-of-Stake (POS) system.
Anyone can easily create a Staking Node and receive block rewards for protecting the Blocknet network.
The stakers are responsible for protecting every blockchain community Blocknet supports from centralization.
Service Nodes are the computational backbone of Blocknet's cross-chain communication platform. Service Nodes are not only nodes on the Blocknet, but also nodes on every blockchain that the Blocknet supports. Service Nodes are responsible for hosting multiple blockchains and enabling cross-chain dapps.
The Blocknet is governed by the community without a centralized entity. The Blocknet supports its own maintenance and development through a treasury system that allocates up to an additional 10% of all new coins minted each month. Service Nodes, acting as treasurers, vote to fund community proposals that serve the Blocknet’s vision.
Community members are the core representatives of the ideas and proposals that the Blocknet implements.
The Blocknet is designed to scale by allocating the resources necessary to meet the demand of connecting the decentralized world.
