New Coins added to the Internet of Blockchains: Weekly Recap #3
Official coin announcements are continuing! Each of these coins are supported on the Blocknet Protocol, making them ready for cross-blockchain dApps, and tradable on the Block DX Decentralized Exchange. We are announcing roughly one coin per day with the hashtags: #coinaday & #internetofblockchains across our social media. This is a recap of the second week of coin announcements that are ready for the internet of blockchains.
Below are examples of cross-chain uses and dapps that could be built on the Blocknet protocol. These include general and specific examples for each coin. The Blocknet protocol empowers lightweight dapps to harness contracts and protocols from other blockchains, laying a foundation-stone for the decentralization of the API ecosystem, all via the groundbreaking technology of the Blocknet XRouter which you can read more about here.
The coin announcements are expected to continue over the coming weeks as we approach the full production release of Block DX in the summer.
It would be great if the Blocknet community could help spread the word by posting, retweeting, upvoting and sharing each announcement with the respective communities on Reddit and BTCTalk. It only take a moment. Strength in numbers!
Below you will find links to our social media and links to the social media of the relevant coins that you can comment on, share and upvote to help let the cryptoworld know about the capability these coins are bringing to the internet of blockchains.
Links to share, comment & upvote
Click the links to comment, like and upvote:
Blocknet protocol interoperability example: Enable dApps on the Crown Platform to integrate with other blockchains, making their dApps a cross-blockchain ecosystem.
Click the links to comment, like and upvote:
Blocknet protocol interoperability example: A dapp that would exchange any currency for Faircoin so that multiple currencies could be accepted on the FairMarket site.
Click the links to comment, like and upvote:
Blocknet protocol interoperability example: A dapp could tie in any other cryptocurrency to the GoByte pay module so that GBX could be loaned for other coins and tokens.
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Blocknet protocol interoperability example: Can be accepted as payment through a processor that exchanges those coins for the accepted coins by the vendors.
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Blocknet protocol interoperability example: Namecoin’s DNS and identity services could be integrated into a dapp that could tie in another coin’s properties for extra security such as DigiByte’s DigiID.
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Blocknet protocol interoperability example: Via a dapp, Pura could be used to purchase goods and services from other markets such as the SYS Blockmart so that the various Pura “common good” initiatives and projects could be expanded.
Coming up
- SPV integration is underway. The Blocknet XRouter enables transactions to be verified through our Service Node network that are sent from a multi-wallet or lite wallet. This removes the requirement for a trader to have the synced blockchain of any coins being traded and empowers lightweight dapps to harness contracts and protocols from other blockchains, laying a foundation-stone for the decentralization of the API ecosystem.
- Set up of Block DX will be streamlined and become more automated. This will make the set up process more user friendly.
- A trading library is also under development. This library offers additional tools and abstraction to simplify the process of building a trading bot.
- Implementation of the automatic purchase of Block from the top of the market to cover fees. This will mean constant buy pressure on Block.
Useful information
- The Blocknet Coinhub: These coins are ready for cross-chain dApps with the Blocknet Protocol, and tradable on Block DX.
- A constantly updated list of compatible coins can be founds here.
- Understanding a Decentralized Exchange
- What is needed to be listed on Block DX
- The Blockchain Router: Architecture for a Decentralized Internet.
- Block DX set up guide
- Coin Configuration set up — Block DX Tutorial — 2 min video
- XBridge Configuration set up — Block DX Tutorial — 2 min video
- Fee Structure
- Whitepaper
If you have any questions, please contact us on our social media.
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