/biz/ - Business & Finance

Have you accumulated your Blocknet node yet?

One node was worth nearly 50 BTC at the top, and it didn't even go that far in terms of marketcap.

With a Blocknet masternode you can profit from:

>Blocknet's DEX trading fees
>Blocknet's XRouter Fees (Decentralized Oracles)
>Blocknet's XBridge and XCloud fees, which is a decentralized data provider.
Infura is used by Ethereum to communicate with its tokens, Infura is centralized. Blocknet is about to change that, and make a decentralized solution.
>Staking - As a node owner you can stake your collateral. (16% ROI/year).

This is a no brainer for anyone wanting a passive income for life.

Anyone here who digs Blocknet?

From my recent research I found out they are trying to replace Infura (Ethereum relies on this to send data between the main network, and it's tokens) Infura is centralized and prone to down time and hacking.

Blocknet's DEX volume has 10x'ed in volume the past year, and is the most decentralized DEX around.

Their XRouter is a decentralized oracle network, which is sybil resistant. Contrary to Chainlink who centralizes their nodes through KYC, Blocknet is completely decentralized through their use of service nodes.

This one could blow up HARD. Thoughts?

Anyone here digs Blocknet?

From my recent research I found out they are trying to replace Infura (Ethereum relies on this to send data between the main network, and it's tokens) Infura is centralized and prone to down time and hacking.

Blocknet's DEX volume has 10x'ed in volume the past year, and is the most decentralized DEX around.

Their XRouter is a decentralizedo oracle network, which is sybil resistant. Contrary to Chainlink who centralizes their nodes through KYC, Blocknet is completely decentralized through their use of service nodes.

This one could blow up HARD. Thoughts?

LINK is the biggest centralized oracle network out there.

Do you guys believe that ACTUAL decentralized oracle network competitors will do well?
Let me explain:
60%+ of the total supply of LINK is held by one single entity.
For investors to run a node on the network, you need to undergo KYC. This isn't true decentralization.

I just discovered Blocknet, and their XRouter. Pretty interesting: https://blocknet.co/introducing-xrouter-developers-can-now-mix-and-match-any-blockchain-via-the-worlds-first-blockchain-router/

So after looking for promising DEX projects, I found Blocknet. Their DEX is cool, but what surprised me a LOT is their Xrouter solution, which doesn't seem to be talked about here at all.

Their Xrouter can "Oraclize" any blockchain and real world applications out there for a fraction of what it seems to cost to use Chainlink? WHY does nobody even talk about this?

>It costs 0.1 LINK for each request on the network, and comparing that with Blocknet, which only costs 0.001 BLOCK/call I fail to see why any company would use a service that costs THAT MUCH more to use?

Blocknet can be used to connect to literally anything, not just blockchains. They have SPV calls, which are specific to blockchains, but then non-spv calls that can be used to connect to any off-chain service. These services can be things you run yourself (your own custom code) or you can just point to existing services. For instance, if I wanted to I could monetize coinmarketcaps API and make it available for devs to use that API and make payments in crypto, not having to worry at all about the hurdles that come with fiat payments.

Chainlink is 200x the marketcap of Blocknet, And Blocknet seems to have developed WAY more in terms of tech.
Sure they don't have the same hype and marketing as LINK, but I'm definitely gonna accumulate some BLOCK due to this fact.

When comparing Blocknet's Xrouter to Chainlinks Oracles an interesting thing caught my attention:

>The XRouter can serve billions of requests per day like Infura (who is doing over 20 billion/day). If each call averages out to about 0.001 BLOCK/call, then that's about $1,000,000 going to the active service nodes. If 100 is running it equals to $10,000/day per service node that the XRouter pulls in based off a tiny 0.001 BLOCK call at $0.70.

LINK charges 0.1 LINK/call which is 0.23 cents, which is quite expensive compared to Blocknet's Xrouter


I'm not saying LINK is a trash project, but it sure seems hyped up when you've got a project doing the exact same thing in a far more decentralized fashion with a 1/200 of the marketcap, while having the first working DEX running at the same time.

For the brainlets who doesn't understand the bigger picture, read this: https://blocknet.co/xrouter-missing-link-between-all-blockchains/

>TLDR: Blocknet's Xrouter is WAY cheaper to use for Oracle based services, and is a far more decentralized setup.