Blocknet: Exit Centralized Exchanges Now Amid ‘Damaged Confidence’
As security of cryptocurrency exchanges is being increasingly questioned in the wake of the recent Bitfinex hack, the developers at Blocknet are calling for an exodus to leave centralized exchanges behind. ‘It’s Time to Remedy the Problem’ – Blocknet. This year there has been quite a few breaches of cryptocurrency exchanges. Platforms such as Gatecoin,....
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To paraphrase Gil Scott-Heron, "the revolution will not be televised." "The revolution will be live; it will be blockchained." Xcurrency has broken new ground with the introduction of the internet of blockchains. This project is perhaps bound to unrecognizably alter crypto-currency as we presently know it. Cryptocurrency projects all share a common vision. The vision is one of a future free of centralized control. Today, cryptocurrencies function as isolated islands with separate blockchains, nodes and users. As a result, all of the projects currently ongoing are limited in terms of their....
This article was updated at 11:20am EST to include a quote from Ethereum's Business and Partnerships Director, George Hallam and was updated at 11:54am to indicate that Blocknet's decentralized exchange is planning to launch in alpha form, not its full release. In a surprise announcement and CoinTelegraph exclusive, the Blocknet will be adding Ethereum onto its inter-blockchain network. Ethereum will be bringing its powerful decentralized apps and smart contract features to the inter-blockchain network, along with Ethereum's cryptocurrency, Ether, once the genesis block launches.....
The development team behind 'privacy platform' alt coin XCurrency has announced that they will soon release a BlockNet enabled mobile phone app, which will allow users to send instant messages between different block chains. BlockNet, which recently completed the first ever successful data transfers between block chains, describes itself as an 'internet of block chains' that will eventually provide a high degree of interoperability between the different cryptocurrencies which choose to take part. Sending messages between the nodes of different coins is the next step along the path towards....
The Blocknet, which touts itself as an advancement in cryptographic technology, has begun offering peer-to-peer (p2p), cross-chain communication, marking the first stage of a new era in p2p protocol between nodes on different blockchains. The Blocknet describes itself as the "internet of blockchains," enabling open-ended communication and delivery of services between users of different cryptocurrencies, and vastly increasing the user base (and profit potential) of any given coin. In addition to announcing the availability of its first stage services, Blocknet invites any interested party....
It has been described as revolutionary, and indeed it is. The Blocknet, which is a true peer-to-peer protocol between nodes on different blockchains, enables open-ended communication and delivery of services between users of different cryptocurrencies. It also increases the potential user base of any coin. It is for that reason that it has come to earn the moniker "the internet of blockchains." Its ITO (Initial Token Offering) will take place on 29 October 2014. Blocknet: How the Idea Began. The idea of the Blocknet began with Dan Metcalf, a developer at XCurrency. He had been trying to....