New Coins added to the Internet of Blockchains: Weekly Recap #6

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  • 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 for the decentralization of the API ecosystem.
  • Installation and configuration of Block DX will be streamlined and become more automated. This will make the setup 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, brought around by volume passing over Block DX and the Blocknet protocol

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The Blocknet Protocol

The Blocknet Protocol

Blocknet is a 2nd layer blockchain interoperability protocol that enables communication, interaction & exchange between different blockchains.