Word on the BLOCK: 15th March

Hello everybody and welcome to the latest Blocknet newsletter update of 2018! This newsletter is released twice per month to keep the community up to date on what is happening with Blocknet. You can view the previous newsletters here.

  • The Blocknet Whitepaper has been released and can be downloaded here. or on the website under the “Resources” menu option.
  • Some of the core team is attending TokenFest in San Francisco on March 15th and 16th.
  • The BLOCK DX was launched earlier this month.
  • The complete beta release is scheduled for Wednesday, March 21st.
  • Community liaisons Redbaron and StormingJ have been highlighting and reporting constant community feedback to the core team since the launch of the Block DX UI. As a result of this, a ‘rolling’ FAQ of common questions from the community is being planned that will serve as a depository of knowledge for the community as we lead up to full launch later in the year.
  • A new #tidbit channel in Discord has been created for day to day developments and project updates between newsletters.
  • The launch of the Blocknet DX UI recently took place. The full beta will be released on Wednesday, March 21st. You can find details about the Alpha release of the UI here. A setup guide for Block DX can be found here and will be updated constantly.
  • If you need help with the Block DX, you can create a support ticket here or join our Discord. If you just want to leave feedback, please use this form.
  • The Blocknet Whitepaper has been released and can be downloaded here. or on the website under the “Resources” menu option.
  • Work has begun on automating the XBridge and coin configuration process.
  • The existing wallet color scheme changes are nearing finalization. This is temporary until the wallet redesign launch on June 15th. The ability to view Superblock proposals and vote within the wallet is one of the planned functions.
  • The complete wallet redesign spec has been finalized for submission. The design prototype will be revealed April 1st to the community and will be open for feedback.
  • The community can check trello to see progress of public items.
  1. Co-Founder Arlyn Culwick recently attended Blockchain Africa
  2. A number of core team members are currently attending TokenFest in San Francisco on March 15th and 16th
Blocknet stall at Tokenfest

3. Global Blockchain Expo in London (the largest in the world) on 18th — 19th April.

4. Amsterdam Blockchain Expo on 27th — 28th June.

5. San Jose, California Blockchain Expo on 28th — 29th November.

  • Most KPI’s from the marketing plan have been met. Google Adword campaigns were planned to begin after TokenFest, but due to Google banning crypto related advertising, new strategies are being developed.
  • Q2 Marketing Plan will be released April 4th along with a full report of Q1 KPI review.
  • An article on interoperability is currently under review and being prepped for release. There are also an additional two articles on related subjects that are currently being worked on.
  • The introductory Blocknet video Bob and Mav had been working on is now complete. It can be viewed here.
  • For Superblock 302400, there were a total of 3 proposals submitted to the network for voting. In order for a proposal to pass, it must have a majority in favor and at least 10% of Service Nodes must have voted for that proposal in either direction or abstained. At the time of the Superblock there were 416 Service Nodes meaning each proposal required a minimum of 41 votes. The results of this Superblock are as follow:
  1. XBridge Team — Yeas: 122, Nays: 0, Abstains: 0 — PASSED
  2. Core Team — Yeas: 122, Nays: 0, Abstains: 0 — PASSED
  3. Euro Team — Yeas: 120, Nays: 0, Abstains: 0 — PASSED
  • An introduction to Superblocks and a guide to voting guide can be found here.
  • So far 207 coins have been addressed. (11 additions since last newsletter.) 55 are currently finalized of which 37 are unannounced (5 additions since last newsletter) and 18 are announced) The 18 announced are:
  • Bitcoin (BTC) | Blocknet (BLOCK) | Dash (DASH) | DigiByte (DGB) | Dogecoin (DOGE) | Dynamic (DYN) | Faircoin (FAIR) | LBRY Credits (LBC) | Litecoin (LTC) | Monacoin (MONA) | MonetaryUnit (MUE) | Namecoin (NMC) | PIVX (PIVX) | Qtum (QTUM) | SysCoin (SYS) | Vertcoin (VTC) | Viacoin (VIA) | XCurrency (XC)
  • Revealing the names of the unannounced coins will form a part of the Q2 marketing plan which will be released April 4th.
  • A constantly updated list of compatible coins can be founds here.
  • 118 coins are in progress for error resolution + finalization.
  • In addition 12 coins are being reviewed for possible custom integration.
  • 162 different coins have had orders placed on the DEX.
  • The price of BLOCK is currently at $20.19 (0.00241707 BTC) at time of writing.
  • Circulation: 5,055,418
  • Market Cap + Ranking: $102.1M USD | 12,216 BTC | Rank 102
  • Exchanges — BLOCK is listed on the following exchanges:
  1. Bittrex
  2. CryptoBridge
  3. UPbit
  4. CoinSwitch
  • Current wallet: v3.7.36
  • Block height: 312427
  • 407 Service Nodes are currently active.
  • 1,377,710 staked coins are currently active.
  • The APR 7-day average for Service Nodes is currently at 18.93% and for staking it is currently 13.39%.
  • Lockup percentage from Service Nodes: 42.87%
  • Blocknet has been added to MasterNodePro.com; Stats can be viewed here.

Many thanks for reading. We hope that you are excited as us with what the future holds for Blocknet. A decentralization project fundamentally requires an engaged community, and so if you would like to help with anything, having something to add, use your professional skills or have a problem, we want to know about it.

Please also be aware that a community project is run by a diverse group of people with varying time-constraints (in a number of time-zones) and personal lives, so remember to be kind and patient!

If you want to be the first see these updates, you can receive the newsletters directly to your email by subscribing here. Our next update is due on March 30th. Until then we look forward to hearing from you!


The Blocknet Team.