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General Discussion / BitShares, Blocknet and cross chain connectivity
« on: March 14, 2015, 08:18:22 pm »
http://bitcoinist.net/interview-dan-metcalf-lead-developer-blocknet/
Blocknet is being planned to work with a decentralized marketplace combined with the Xbridge technology which enables cross chain connectivity. Can you explain us more about Xbridge?
The XBridge is an open source P2P protocol that anyone can implement into any blockchain-based “wallet” or app. Once development is completed, it will allow each app to serve or to receive services from nodes on other blockchains – and of course for micropayments to be made for these services. So decentralized exchange is one of the core functions of the Blocknet platform. Upon this can be built potentially unlimited services by third parties – and no doubt there’ll be keen interest in a decentralized marketplace.
The Blocknet Platform is said to be integrating at least 10 participating currencies, each one of them with its own side chain. At the moment you have integrated two blockchains into your platform, but many more are said to be integrated. Will you be adding even more currencies to your platform? Can you explain us more about this process?
Well, the Blocknet doesn’t use sidechains. Each participating currency has its own blockchain, and the Blocknet uses these to record transactions – and there is no central or “core” blockchain.
As for adding new coins or projects, there is no real limit to the number of blockchains that can be integrated into the Blocknet, because the XBridge is open source and anyone can implement it in their wallet.Blocknet_article_interview_cover_Bitcoinis On the other hand, the incipient Blocknet Foundation serves to ratify participating projects and to fund the development of relevant technology. As such, there will always be a limited (but growing) number of “officially” participating blockchain-based projects. These projects will have a say in the direction of the Blocknet, and as members of the Foundation their reputation will set them apart from the rest.
Those seems the part of interest. Instead of trying to develop cross chain connectivity, why don't we implement one already existing? Sure we could let it develop first to see how it goes, but it would be a nice idea. It would bring more alt coin holders to bitshares as they could directly trade their alts for bitAssets. I don't know the project that well. Heard of it in the past but only now decided to take a look and I bumped into this article.
Blocknet is being planned to work with a decentralized marketplace combined with the Xbridge technology which enables cross chain connectivity. Can you explain us more about Xbridge?
The XBridge is an open source P2P protocol that anyone can implement into any blockchain-based “wallet” or app. Once development is completed, it will allow each app to serve or to receive services from nodes on other blockchains – and of course for micropayments to be made for these services. So decentralized exchange is one of the core functions of the Blocknet platform. Upon this can be built potentially unlimited services by third parties – and no doubt there’ll be keen interest in a decentralized marketplace.
The Blocknet Platform is said to be integrating at least 10 participating currencies, each one of them with its own side chain. At the moment you have integrated two blockchains into your platform, but many more are said to be integrated. Will you be adding even more currencies to your platform? Can you explain us more about this process?
Well, the Blocknet doesn’t use sidechains. Each participating currency has its own blockchain, and the Blocknet uses these to record transactions – and there is no central or “core” blockchain.
As for adding new coins or projects, there is no real limit to the number of blockchains that can be integrated into the Blocknet, because the XBridge is open source and anyone can implement it in their wallet.Blocknet_article_interview_cover_Bitcoinis On the other hand, the incipient Blocknet Foundation serves to ratify participating projects and to fund the development of relevant technology. As such, there will always be a limited (but growing) number of “officially” participating blockchain-based projects. These projects will have a say in the direction of the Blocknet, and as members of the Foundation their reputation will set them apart from the rest.
Those seems the part of interest. Instead of trying to develop cross chain connectivity, why don't we implement one already existing? Sure we could let it develop first to see how it goes, but it would be a nice idea. It would bring more alt coin holders to bitshares as they could directly trade their alts for bitAssets. I don't know the project that well. Heard of it in the past but only now decided to take a look and I bumped into this article.