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

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. This is a recap of the sixth week of coin announcements that are ready for the internet of blockchains.

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 for the decentralization of the API ecosystem. This is achieved via the groundbreaking technology of the Blocknet XRouter being fully released in July, which you can read more about here.

The coin announcements will continue over the coming weeks as we approach the full production release of Block DX in the summer.

We are always eager to have passionate blockchain enthusiasts spread the word by posting, retweeting, upvoting and sharing each announcement with the respective communities on Reddit and BTCTalk. It only takes a few moments. 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:

Reddit

BTCTalk

Twitter

Facebook

Blocknet protocol interoperability example: On a dApp built with the Blocknet protocol, payment in any cryptocurrency could be accepted for hosting your XLQ Masternode on their Hosting service.

Click the links to comment, like and upvote:

Reddit

BTCTalk

Twitter

Facebook

Blocknet protocol interoperability example: Via a Blocknet protocol dApp, XMY could be accepted as payment through a processor that exchanges XMY for the accepted coins by the vendors.

Click the links to comment, like and upvote:

Reddit

BTCTalk

Twitter

Facebook

Blocknet protocol interoperability example: If volatility in the crypto space is a concern, you could pay for goods and services in a token or coin of your choosing that is swapped via a dApp on the Blocknet protocol to ensure you get a balanced trade using the Qbic mixed economic model system.

Click the links to comment, like and upvote:

Reddit

BTCTalk

Twitter

Facebook

Blocknet protocol interoperability example: If you wanted to help support the South and Central American crypto-economy, SUCR could be used to purchase goods and services from other markets or execute smart contracts across different chains.

Click the links to comment, like and upvote:

Reddit

BTCTalk

Twitter

Facebook

Blocknet protocol interoperability example: If you wanted to receive social rewards from the forthcoming Vitae rewards platform, you could do so by making donations to the Vitae project in any cryptocurrency via a dApp built on the Blocknet protocol that exchanges and converts your chosen currency into VIT.

Click the links to comment, like and upvote:

Reddit

BTCTalk

Twitter

Facebook

Blocknet protocol interoperability example: Using Vivo’s private send “round,” system, an extremely private coin mixing dapp for various currencies could be created that conceals the transaction history.

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 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

Useful information

If you have any questions, please contact us on our social media.

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