Word on the BLOCK: 15th May

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.

  • Block DX official coin announcements have begun! We are announcing roughly one coin per day with the hashtags: #coinaday & #internetofblockchains across our social media. Each coin has its own animated gif that can be shared with that coins community. This campaign is expected to continue as we approach the full production release of Block DX in the summer. We would love it if the Blocknet community could help spread the word by posting, retweeting, upvoting and sharing each announcement with the respective communities on Reddit, Bitcointalk, Twitter and their main chat platforms. It only takes a moment. Strength in numbers!
  • We will be revealing some exciting development news in the next day or so. Be sure to stay tuned!
  • 2 new pages have been added to the Blocknet Website. This dedicated page for BlockDX explains and the unique features it brings to the decentralized exchange world! Check it out here. In addition, the Blocknet Coin Hub has been created. These coins are ready for cross-chain dApps with the Blocknet Protocol, and tradable on the beta version of Block DX.
  • Blocknet now has an Instagram presence, please give the account a follow!
  • We will be revealing some exciting development news in the next day or so. Be sure to stay tuned!
  • Support for updating electron app from within DX app is in QA.
  • New wallet update to v3.9.22 is available for download, please update when possible.
  • In wallet version 3.9.22, the lifespan of trade orders has been increased from 24 hours to 7 days. These orders will only be accessible from the wallet version 3.9.22.
  • Block DX official coin announcements have begun! We are announcing roughly one coin per day with the hashtags: #coinaday & #internetofblockchains across our social media. Each coin has its own animated gif that can be shared with that coins community. Some examples can been seen here:
  1. Zoin
  2. Digibyte
  3. Dash
  4. LBC
  • A weekly recap of the coins will be posted at the end of each week. The first week of coins mentioned can be found here. This article was recently quoted on the official nasdaq blog.
  • This campaign is expected to continue well into the summer. The community has really stepped up and has done a great job participating in this campaign. We encourage the community to continue retweeting, upvoting, and sharing these announcements. Strength in numbers! We would love to see the Blocknet community reach out to each community of each coin we announce, answer questions in their chats, and make them feel welcome in the Blocknet community. This is Blocknet’s time to be the connector of communities!
  • Blocknet project coordinator Hanni Abu(@hanniabu) was was on a podcast with DigiByte Ambassador, Josiah Spackman on his Youtube channel to talk about interoperability, the future of blockchains, and how DigiByte fits into that vision. The video can be seen here.
  • Blocknet co-founder Arlyn Culwick was interviewed on the Future Tech Podcast. Topics covered were interoperability, the coming internet of blockchains and why Blocknet will change the Crypto ecosystem.
  • An interview with Crypto Lark is scheduled to take place tomorrow, May 16th.
  • 2 new articles have been published:
  1. What is needed to be listed on Block DX.
  2. The need for interoperability: the last component of a trustless ecosystem.
  1. Amsterdam Blockchain Expo on 27th — 28th June.
  2. San Jose, California Blockchain Expo on 28th — 29th November.
  • Two DX video tutorials for the beta have been released with more to come:
  1. XBridge Configuration video here
  2. Coin Configuration video here.
  • For Superblock 388800, there were a total of 2 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 417 Service Nodes meaning each proposal required a minimum of 42 votes. The results of this Superblock are as follow:
  1. XBridge Team — Yeas: 153, Nays: 0, Abstains: 0 — PASSED
  2. Core Team — Yeas: 161, Nays: 0, Abstains: 0 — PASSED
  • There is a great responsibility for Service Node owners to vote either “yes” or “no” on the proposals. It cannot be emphasised enough how much the community, as well as the Blocknet team, relies on Service Nodes to vote on project proposals to ensure continued funding for development of the Blocknet. Not voting could greatly threaten the project.
  • We have created a new emailing list for Superblock notifications. This emailing list is separate to the Word on the BLOCK newsletter email and is directed toward Service Node operators to provide reminders leading up to the voting deadline. To subscribe to these notifications, you can sign up for here.
  • Voting will become a great deal easier and much more user-friendly in the new wallet, taking just a few clicks. You can view the designs for the voting functionality here.
  • An introduction to Superblocks and a guide to voting can be found here.
  • Block DX official coin announcements have begun! (see above). A schedule is now in place to reveal the remaining coins.
  • The Blocknet Coin Hub has been created. These coins are ready for cross-chain dApps with the Blocknet Protocol, and tradable on the beta version of Block DX.
  • A constantly updated list of compatible coins can be founds here.
  • So far 280 coins have been addressed. (18 additions since last newsletter.) 78 are currently finalized of which 56 are unannounced, (4 additions since last newsletter) The 22 announced are:
  • Bitcoin (BTC) | Blocknet (BLOCK) | Dash (DASH) | DigiByte (DGB) | Dogecoin (DOGE) | Dynamic (DYN) | Faircoin (FAIR) | HTMLcoin (HTML) | Hexx (HXX) | LBRY Credits (LBC) | Litecoin (LTC) | Monacoin (MONA) | MonetaryUnit (MUE) | Namecoin (NMC) | PIVX (PIVX) | Qtum (QTUM) | SysCoin (SYS) | Vertcoin (VTC) | Viacoin (VIA) | Wagerr (WGR) | XCurrency (XC) | Zoin (ZOI)
  • 133 coins are in progress for error resolution + finalization. (5 additions since last newsletter.)
  • 201 different coins have had orders placed on the DEX. (6 additions since last newsletter.)
  • The price of BLOCK is currently $16.70 (0.00180114 BTC) at time of writing.
  • Circulation: 5,134,125
  • Market Cap + Ranking: $85.7M USD | 9,247 BTC | Rank 184
  • BLOCK was recently added to the BlockBid Exchange. In addition BLOCK is also listed on the following exchanges:
  1. The Block DX (obviously!)
  2. Bittrex
  3. CryptoBridge
  4. UPbit
  5. CoinSwitch
  6. Cryptopia
  • Current wallet: v3.9.22
  • Block height: 394020
  • 422 Service Nodes are currently active.
  • 1,023,927 staked coins are currently active.
  • The APR for Service Nodes is currently at 17.27% and for staking it is currently 17.41%.
  • Lockup percentage from Service Nodes: 41.42%
  • Blocknet stats can be viewed on Master Nodes Pro here, on Masternodes Directory here and on Block Core here.

Many thanks for reading. We hope that you are as 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, have 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 to see these updates, you can receive the newsletters directly to your email by subscribing here. Our next update is due on May 30th. Until then we look forward to hearing from you!

Sincerely,

The Blocknet Team.

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