New Coins added to the Internet of Blockchains: Weekly Recap #4
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 hashtag: #coinaday across our social media.
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: You could receive micro-payments in BWK that could then be automatically exchanged for another currency that is accepted in your online business.
Click the links to comment, like and upvote:
Blocknet protocol interoperability example: Using Innova’s DarkSend anonymous transaction system, a dapp could be built that allows INN to be privately traded with other coins or perhaps their forthcoming trading platform could be integrated with Block DX for shared liquidity.
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Blocknet protocol interoperability example: A dapp that allows direct person to person payment for a service in IoP coin that can be swapped for the chosen currency of the end user.
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Blocknet protocol interoperability example: Via a dapp, KLKS could be used to purchase goods and services from other markets or execute smart contracts across different chains.
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Blocknet protocol interoperability example: If you wanted to donate to the TRC Foundation that is enabling the sharing of ideas to change the world, you could do so in any currency via a dapp that integrates the Blocknet protocol.
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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: Using ZCoin’s high traceability set, an extremely private coin mixing dapp for various currencies could be created where the long chain of transaction history simply does not exist.
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
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