Blocknet is a Proof of Stake blockchain interoperability protocol that enables blockchains to communicate creating an “internet of blockchains”. Its core goals are to deliver interoperability, decentralization, security, trustless service delivery, simple integration (no code required), decentralized integration and composability.
To achieve this, Blocknet features three unique features, XRouter, XBridge and XCloud. XRouter allows Blocknet to interact with any public and private blockchain through a communication layer consisting of an inter-blockchain SPC client backend. This essentially enables blockchain records to be verified without the need to download the full blockchain.
XBridge is a serverless DHT-based peer-to-peer network. It allows Blocknet to serve more like a decentralized exchange (DEx) protocol enabling integration with nodes on other networks. Moreover, it allows for decentralized asset storage, order broadcasting, matching and settlement.
On the other hand, XCloud is a decentralized microservice cloud network powered by XRouter. Microservice, blockchains, API and cloud tech can interact with XCloud as long as they are hosted by service nodes.
Service nodes are advanced versions of master nodes and are used as a DHT network overlay to support XRouter, XBridge and XCloud. In supporting the three features, they verify UTXOs, route communication between blockchains and perform anti-spam and anti-DOS measures for the network. Service nodes can participate in Blockcnet’s self-governance system after voting.
Blocknet features its own native token “BLOCK”. Fees are paid in BLOCK when using the network and 100% of those fees are distributed to Service Nodes for supporting the network and infrastructure.
Number of Contributors
Blocknet’s code is open-source allowing anyone to contribute to the blockchain project both in official and unofficial capacity from anywhere. Excluding merge commits and bot accounts there are 15 listed contributors to the Blocknet project.
Issues, Pull Requests, forks and Commits.
Blocknet enjoys a substantial level of developer engagement for most of its top repositories. There are five top repos for the project including Blocknet( the official Blocknet cryptocurrency wallet) and XQuery (which provides decentralized access to indexed data for EVM blockchains such as Ethereum and Avalanche) among others.
As of 13/6/2022, the Blocknet repo, which has the highest level of developer activity, had 40 people watching. Since its launch, the repo has received 20,562 commits and 97 forks. There are 52 open issues with 8 of them having been closed. Consequently, there were 11 open issues while 552 have been closed.
On the other hand, the XQuery repo has had 97 commits and 4 forks for its 11 sub-branches. 16 issues are currently open while 10 have been marked as closed. Interestingly, there are zero open pull requests on this repo after all 19 were closed.
You can track more info on the network’s repos here.
Number of Releases
Several releases aimed at improving the Blocknet network have hit mainnet since its launch. Some of the most important have been the likes of version 1.0 of its DEX-compatible multi-wallet, XLite in February 2021. Xlite is a multi-asset wallet for Blocknet that enables users to store and manage their crypto assets while allowing direct trading on Block DX, Blocknet’s decentralized exchange.
In March 2021, XRouter was released to allow interoperability between all blockchains with the additional ability to also connect to non-blockchain infrastructure infrastructures so that an ecosystem of blockchain connected oracles can be built.
You can track Ravencoin’s project development and releases here
Blocknet Website: https://theblocknetchannel.medium.com/
Blocknet Github; https://github.com/blocknetdx
PN: “This data is not final and may be updated from time to time”