$BLOCK: Why I'm All In..

In the last few months I have tried to diversify my portfolio, and in doing so there are a few tokens I’m partial to. About 1/3rd of my holdings are $BLOCK, and I’d like to explain why.

What Is The Blocknet?

It is a decentralised application platform and a revolutionary advancement in cryptographic technology: a true peer-to-peer architecture between nodes on different blockchains. The “internet of blockchains,” enabling open-ended communication and delivery of services between users of different cryptocurrencies, vastly increasing the user base (and profit potential) of any given blockchain project, and founding a token ecosystem that unleashes the true power of dapps.

So What Does That Mean?

The Blocknet enables inter-blockchain services, like decentralized exchange, monetised API consumption, and p2p digital service delivery. These are core enabling features of inter-chain dapps.

How Does It Work?

To support inter-blockchain services, the Blocknet has three core components, which work together to provide three core services.
The core components are:
• A blockchain router, xbridgep2ptm
• A coin exchange protocol
• An inter-chain data transport

What Is a Decentralized Exchange?

A decentralized exchange is a service enabling counterparties (which may be people or machines) to exchange one currency or token for another, without the involvement of any third party as an intermediary.
The term “decentralized” denotes matters of control rather than the distribution of processing; the ideal of a decentralized solution is for the parties to a given interaction to be self-sovereign actors, in the sense that no third party is required to act on their behalf in order for the interaction to take place.

How Fast Is the Decentralized Exchange?

Instant.

However, note that once you have completed a trade and received coins, you will be dependent on their blockchain’s accepted confirmation time before your coins will be spendable again.

How Private Is the Decentralized Exchanged?

Because decentralized exchanges do not require traders to submit KYC information or divulge anything else about themselves to a third party, traders enjoy a naturally high degree of privacy.
However, for most wallets, aspects of transactions are linkable to IP addresses, so in order to obfuscate that, one might use TOR or I2P. The Blocknet’s DHT network overlay does not use IP addresses, however.
Combined with any privacy-centric coin, a decentralized exchange run over IP-obfuscating tech is a near-perfect mixing solution. For example, one may trade some coins for Zcash, sends them to a different address, and then trade back again.

Staking

Staking and fees on the Blocknet are bundled together in a 70/30 split between nodes and stakers. This is a combination of POS staking and network trading fees. Staking is estimated to be between 9% - 14% in the first year. Nodes will receive 70% and stakers will receive 30%. This means that if you do not have enough Block to run a node, you will STILL get part of the node fees, and if you run a node, you will also get part of the stakes as well. Your wallet must be unlocked to actively stake and receive rewards. There will be 525,600 new blocks created annually (at 1 block per minute) with decreasing inflation each subsequent year.

What really stuck out to me was the community, the price stability, and trader loyalty to the token. The community and the development team are extremely active on slack, they are responsive, and they answer all incoming questions. Most people are on a first name basis and everyone seems to work together.

The price consistency is something that also stuck out to me. Even with all of the volatility in $BTC these days, $BLOCK has been stead fast. I hold a lot of $ETH as well, and the coupling of $ETH's price with $BTC's movements, is exhausting. I'm grateful $BLOCK has a mind of it's own.

And lastly, the trader loyalty was a big sell for me. Everyone I've spoke to who holds $BLOCK, holds a substantial amount and swears by it. A solid 50% of the reason I have invested so much is because the community and the other traders have convinced me it is worth the investment. But don't rely on me, check the TA for proof:

Now is the time to buy, $20 is a gift. Once the exchanges open and market is free to move again, there will be a rally. Don't miss out!

sources:

https://blocknet.co/

https://www.reddit.com/r/theblocknet/

https://twitter.com/The_Blocknet