The Blocknet to extend the power of Avalanche’s subnets with a decentralized indexing system.

Avalanche will leverage the Blocknet protocol to make its chains interoperable with almost every other blockchain in existence.

Strategic advantages

Since its inception in 2014, the Blocknet maintained its proof-of-stake blockchain for its node governance and self-funding systems. Maintaining its chain has taken up the majority of developer resources–a significant tax on the development of its interchain products and services.

  1. After the Blocknet’s migration to Avalanche, its developer/integrator community will benefit from significantly more performant chain interactions and cross-subnet interoperability.
  2. Blocknet technology will become situated in a smart contract/DeFi ecosystem, greatly increasing the number of use cases within range, which will enable several unique value offerings to the Avalanche ecosystem.
  3. Instead of relying on the current Blocknet Core wallet, traders on its cross-chain exchange, Block DX, will gain a refactored XBridge library, supporting an optimal web-based Block DX user experience.
  4. Blocknet service node operators will benefit from a provably secure and radically more performant protocol.
  5. Wallets, tooling, node monitoring, and consensus- and blockchain-level code will be maintained by the broader Avalanche community, which amounts to a vast expansion of project resources.
  6. Blocknet development efforts will benefit from moving from a rarefied Bitcoin Core/C++ developer community to a burgeoning Go, Solidity, and Avalanche-experienced developer community.

The Decentralized Future is Multi-Chain

Avalanche’s high performance makes it a key platform in the evolution of DeFi ecosystems growing up alongside Ethereum’s.

The Next Step Toward That Future: Indexing

Without “indexing services” — that is, services that make chain data accessible to developers — it can be very difficult for dApps to deliver what users want. Not only this, but the decentralization of the indexer itself is vital to maintaining the decentralization of the apps built with it.

About the Blocknet

The Blocknet is a decentralized network that connects blockchains, similar to how the internet connects computers. Whether it’s through cross-chain dApps or using the protocol as a 2nd layer to index blockchains, the Blocknet provides developers with the capability to create the applications of tomorrow.

About Avalanche

Avalanche is an open-source platform for launching highly decentralized applications, new financial primitives, and new interoperable blockchains. Developers who build on Avalanche can easily create powerful, reliable, and secure applications and custom blockchain networks with complex rulesets or build on existing private or public subnets.

Blocknet

The Internet of Blockchains

Blocknet

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

The Blocknet Protocol

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

Blocknet

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