Word on the BLOCK: 30th August

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.

  • All August items have been completed and the development and QA teams are gearing up for release.
  • A new article on the groundbreaking XRouter — Syscoin transaction has been published. Check it out here.
  • The Blocknet Discord recently hit the 2000 users mark! Like and Retweet here.
  • Blocknet has a newly redesigned whitepaper! We can better express the Blocknet brand and message while being able to easily scale to new translations. English, Mandarin, Korean, and Arabic have been released with more to come.
  • All August items have been completed and the development and QA teams are gearing up for release. Included in the upcoming releases:

Block DX

  • DX Automated Setup (a configuration wizard that reduces setup to just a few clicks)
  • DX Place Order by Price (the ability to create orders using an asset’s price)


  • XWallets (the ability to view the support for each blockchain)
  • On-chain Trade History (the UI integration for this is planned for September)
  • Taker Fees (fees moved from the maker to the taker and changed to 0.015 BLOCK)
  • Wallet Redesign Proposal Screen (view and vote on proposals from wallet UI)
  • Wallet Redesign Coin Control (available within send funds functionality)
  • Many other fixes and improvements which can be reviewed on Github
  • API documentation has been updated to include information on the design of XBridge and XRouter. Check out the APIs here and read more about XRouter here and here.
  • A new mailing list has been created for important developer updates.
  • The Blocknet Q3 marketing plan was the 100th article to be posted to our Medium blog!
  • The Blocknet Discord recently hit the 2000 users mark! Like and Retweet here.
  • Work has begun on the Media Library, as outlined in the Q3 Marketing Plan. This will streamline our ability to make graphics for announcements and open the door to greater community participation in marketing campaigns.
  • Blocknet had a lengthy written Q&A with crypto blogger and Twitter user @BrianDColwell. Publication will be soon to follow.
  • BTC inQuire Featured Blocknet in their “Why Decentralized Exchanges” Article, stating: “BlockDX is the most #decentralized platform, as all 4 functions of the exchange are decentralized… Users are in control of their own funds and broadcast orders to the network from their end.”
  • A tutorial has been made for our Social Media Team recruits. If you would like to participate in a social media team, please join our Discord to find out more.
  • The proposals for Superblock 561600 can be viewed on the forum here or on the blog here. Voting will close at block 558720, but your node must remain active until block 561600 for your vote to count. Please note, proposals are being submitted to the forum individually so please make sure you scroll down and take your time to look over each proposal.
  • An introduction to Superblocks and a guide to submitting and voting for proposals, can be found here.
  • A proposal category was created in the Blocknet Discord for focused and specific discussion of proposals and ideas. Within this category, there is a channel called #anon-snode-feedback for Service Node owners to provide anonymous feedback on proposals.
  • The amount requested must be 4320 BLOCK or less — Votes in favor must be greater than votes against by at least 10% of the total number of Service Nodes.
  • The proposals that pass are sorted in a descending order list by the sum of yes votes minus no votes. If multiple proposals have an equal sum of yes votes minus no votes, those are sorted randomly. If there are not enough funds remaining in the Superblock for a proposal to be paid out, it is skipped (not paid out), and the next proposal in the list is checked.
  • Multi-month proposals are voted on each month and are treated in the same manner as normal proposals in the ordered list.
  • There is also something called a ‘final budget,’ which needs to be submitted between 2880 blocks and 28 blocks before the Superblock. By default, Service Nodes automatically vote yes on final budgets. Moving forward, proposal voting will end 2880 blocks before the Superblock since the final budget locks in the proposal vote counts.
  • 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.
  • There is an emailing list for Superblock notifications 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 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.
  • So far 360 coins have been addressed. (19 additions since last newsletter.) 110 are currently finalized (0 additions since last newsletter) of which 20 are unannounced. The 90 announced are:

Aerium (AEX) | ALQOcoin (ALQO) | Amsterdamcoin (AMS) | Aprcoin (APR) | BANQ (BANQ) | Bitcoin (BTC) | BitcoinGreen (BITG) | BLAST (BLAST) | Blocknet (BLOCK) | Bulwark (BWK) | Carebit (CARE) | Civitas (CIV) | ColossusXT (COLX) | Crave (CRAVE) | Crown (CRW) | Crowdcoin (CRC) | Dash (DASH) | Desire (DSR) | Diamond (DMD) | DigiByte (DGB) | Dinero (DIN) | Dogecoin (DOGE) | Dynamic (DYN) | Einsteinium (EMC2) | Eternity (ENT) | Faircoin (FAIR) | Florincoin (FLO) | Fujicoin (FJC) | Galactrum (ORE) | Gincoin (GIN) | GoByte (BGX) | HTMLcoin (HTML) | Hexx (HXX) | Innova (INN) | InternetOfPeople (IoP) | Ixcoin (IXC) | Jiyo (JIYO) | Kalkulus (KLKS) | Kreds (KREDS) | LBRY Credits (LBC) | LightPay Coin (LPC) | Litecoin (LTC) | Lynx (LYNX) | Machinecoin (MAC) | Magnacoin (MGM) | Minexcoin (MINEX) | Mktcoin (MLM) | Monacoin (MONA) | MonetaryUnit (MUE) | Monoeci (XMCC) | Myriad (XMY) | Namecoin (NMC) | Nodium (XN) | Northern (NORT) | Nyx (NYX) | Ohmcoin (OHM) | Phore (PHR) | PIVX (PIVX) | Polis (POLIS) | Pura (PURA) | Qbic (QBIC) | Qtum (QTUM) | Ravencoin (RVN) | Shekel (JEW) | Sibcoin (SIB) | SocialSend (SEND) | Solaris (XLR) | Sparks (SPK) | StakeNet (XSN) | Straks (STAK) | Sucre (SUCR) | Syndicate (SYNX) | SysCoin (SYS) | TerraCoin (TRC) | Tribe (TRB) | UCOM (UCOM) | UFO (UFO) | Ultranatum (ULTRA) | Unbreakable Coin (UNB) | Unobtanium (UNO) | Vertcoin (VTC) | Viacoin (VIA) | Vitae (VIT) | Vivo (VIVO) | Vsync (VSX) | Vyigrat (VYI) | Wagerr (WGR) | XCurrency (XC) | ZCoin (XZC) | Zoin (ZOI)

  • A constantly updated list of compatible coins can be found here and the most recently announced coins can be found ere.
  • 134 coins are in progress for error resolution + finalization. (24 additions since last newsletter)
  • The price of BLOCK is currently at $6.17 (0.00087666 BTC) at time of writing.
  • Circulation: 5,307,907
  • Market Cap + Ranking: $32.7M USD | 4,650 BTC | Rank 152
  • Exchanges — BLOCK is 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: 552903
  • 454 Service Nodes are currently active.
  • 1,221,178 staked coins are currently active.
  • The APR 7-day average for Service Nodes is currently at 16.28% and for staking it is currently 12.07%.
  • Lockup percentage from Service Nodes: 51.33%
  • 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 see these updates, you can receive the newsletters directly to your email by subscribing here. Our next update is due on September 15th. Until then we look forward to hearing from you!


The Blocknet Team.