Blocknet BLOCK
1. Summary
- Price
-
$0.01 -3.3%
- Market Cap
- $137,560.00 (#5789)
- Supply
- 11.20M /
- Tags
- Protocol Masternodes
- Description
-
Blocknet Overview
Blocknet Overview
Blocknet is a decentralized interoperability protocol that enables the transfer of data and trading across different blockchains while maintaining trustlessness. It functions akin to the internet, connecting blockchains in a manner similar to how computers are connected.
Key Features
- Decentralized Network: Blocknet is an open-sourced, self-funded, and self-governed project powered by a network of Service Nodes and Staking Nodes.
- Interoperability: The protocol enables blockchains to communicate and interact with each other, fostering the creation of cross-chain applications and decentralized exchanges.
- Transaction Flexibility: Blocknet allows for secure and direct transactions between any blockchain without requiring deposits or withdrawals.
- SPV Proofs: It leverages Simplified Payment Verification (SPV) to enable cross-chain interoperability.
- Decentralized Governance: The network is governed by stakeholders, including stakers, token-holders, Service Node operators, and others who collectively make decisions.
- Token Economy: BLOCK is the utility token that powers the Blocknet protocol and is used to pay fees for services provided by the network.
Core Components
- XBridge: Enables cross-chain atomic swaps and decentralized exchange functionality.
- XRouter: Facilitates direct, trustless, and decentralized routing for various blockchain services.
- XCloud: Provides cloud-based infrastructure for decentralized applications to securely interact with multiple blockchains.
BLOCK Token
- Consensus Algorithm: Blocknet utilizes a Proof-of-Stake (PoS) consensus algorithm.
- Token Distribution: The network distributes tokens through block rewards and trading fees.
- Use Cases: BLOCK is used to pay fees for network services, ensuring the smooth operation and security of the protocol.
Additional Resources
- API Documentation: Detailed technical documentation for integrating the Blocknet protocol into applications.
- Glossary: Definitions and explanations of key terms related to the Blocknet ecosystem.
- Whitepaper: A comprehensive guide outlining the protocol's architecture, design objectives, and technical specifications.
Getting Involved
- Community Contributions: Blocknet is open-sourced, and contributors can participate in developing and improving the project.
- Service Node Operations: Users can participate in the network by running Service Nodes, which collect and distribute trading fees.
- Staking Nodes: Staking Nodes confirm transactions and receive block rewards, ensuring the network's security.
- Trading and Integration: Blocknet supports various blockchain assets and applications, offering opportunities for trading and integration.
| Price | |
| 52W High price | $0.11 |
| 52W High date | 11th Mar 2024 (8 months ago) |
| All Time High (ATH) Date | 6th Jan 2018 (6 years ago) |
| ATH Price | $59.66 |
| % From ATH | -99.98% |
| All Time Low (ATL) Date | 22nd Jun 2024 (4 months ago) |
| ATL Price | $0.003215320000 |
| % From ATL | 275.09% |
| Supply & Trading Volume | |
| Trading Volume (24h) | $1.00 |
| Circulating Supply | 11.20M |
BLOCK
How does Blocknet's (BLOCK) performance compare to the median performance for assets of a similar market capitalization?
30 Day Return
-14.5%
BLOCK
-17.9%
Similar Market Cap
60 Day Return
-2.6%
BLOCK
-16.3%
Similar Market Cap
1 Year Return
-88.8%
BLOCK
-22.2%
Similar Market Cap
We're monitoring 60 Blocknet GitHub repos for commits, code additions and deletions. This data is factored into the Developer Rank. Because of delays in GitHub's stat processing, recent activity maybe underrepresented.
Weekly Commits (All Blocknet Repos)
Commits vs. The Market
- Past 4 weeks: 0 commits vs. an average of 1
- Past 12 weeks: 1 commits vs. an average of 8
- Past year: 407 commits vs. an average of 113
Most Active Repos
| Past week | 6 |
|---|---|
| Past 12 weeks | 14 |
| Past year | 105 |
| Past week | 0 |
|---|---|
| Past 12 weeks | 0 |
| Past year | 93 |
| Past week | 3 |
|---|---|
| Past 12 weeks | 9 |
| Past year | 66 |
| Past week | 0 |
|---|---|
| Past 12 weeks | 0 |
| Past year | 65 |
| Past week | 0 |
|---|---|
| Past 12 weeks | 1 |
| Past year | 37 |
| Past week | 5 |
|---|---|
| Past 12 weeks | 12 |
| Past year | 36 |
Top Developers 2024
In total, 139 developers have contributed to Blocknet over the past year. Who are the most active Blocknet developers, by commits, over the past year?
Related Projects
Developers working on Blocknet also worked on these projects.
Tip: Toggle each network by clicking the name above
Historic data is only available from 22nd April 2022
Total Followers
| Reddit Subscribers | 1,867 |
|---|---|
| Active Reddit Users (past 24h) | 6 |
| Discord users | 1,134 |
| Active Discord Users | 67 |
| Telegram Users | 921 |
| Twitter followers | 20,622 |
No recent news found.
Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:
| Website | https://blocknet.co/ |
|---|---|
| Explorer | https://chainz.cryptoid.info/block/ |
| @The_Blocknet | |
| /r/theblocknet |
Has Blocknet been audited for security?
No security audits found for this project.
Are you the owner of Blocknet? Edit it here
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