/biz/ - Business & Finance

Tried warning you guys but you didn't listen. Volume has increased x10, its in a dip. There's still time before the launch. This thing is going to $20 easily in the next week.

>What is Blocknet?
Blocknet is a platform which allows communication between different blockchains. The team are currently pushing for a softfork and new ui in the next few weeks which will allow users to easily trade coins in a decentralised manner.

>What is the advantage of using Blocknet rather than other 'decentralised' exchanges
Blocknet is the first truly decentralised trading platform. With a platform such as WAVES there are 3 parties involved: the buyer, seller, and arbitrator. Blocknet involves atomic swapping which means an order is put through on the blocknet wallet i.e. Seller A wants x amount of btc for x amount of ltc. Seller B puts the order through the Blocknet client and the protocol withdraws x amount of ltc from seller A's litecoin wallet and x amount of btc from seller B's btc wallet instantaneously. No intermediaries needed.

>Why use Blocknet?
A massive problem with crypto at the moment is the way exchange security is handled. Mtgox and the high rates of hacking cases in bittrex are an example. With Blocknet there is no reliance on a centralised wallet, centralised orderbook or centralised order fulfillment.

>What is in the works for Blocknet?
New UI releasing next few weeks as well as DEX launching. SPV wallets coming soon.

Website: https://blocknet.co/
Twitter: https://twitter.com/the_blocknet
Slack: http://blocknet.herokuapp.com/

TLDR;
>Fully decentralized exchange.
>Trustless atomic swaps across blockchains (already developed and available for testing).
>Decentralized exchange goes to main net in a few weeks.
>Similar "products" are 2+ years behind in development.
>No one has heard of the Blocknet yet. Low marketcap and price.

BLOCK

BLOCKNET General - [BLOCK]
>Currently rank 95+ on coinmarketcap with a cap of 20mil.
>Tiny trade volume and support @200sat
>Will easily hit 80mil next month after DEX is out of beta + Wallet overhaul.


This shit is gonna moon so hard once it softforks next month, new wallet and decentralised exchange are going public as well as SPV functionality in the works.


The closest thing to this is WAVES with a cap of 500mil (chance for BLOCK to go 25x). ARK is also working on bridging but are years behind development wise.


Website: https://blocknet.co/
Twitter: https://twitter.com/the_blocknet
Slack: http://blocknet.herokuapp.com/

To the anon that told me to invest in Blocknet a few days ago, thank you my friend

Not seen a thread about blocknet on here yet? Any believers on here? Been doing some reading and I think I'm going to load a significant amount of my portfolio into it tomorrow.

Anyone done any research into BlockNet?

Official Site: http://blocknet.co/

Looks like a decent buy at the current price.

but I’d like to hear some other opinions before I go dumping muh BTC into it.