Word on the BLOCK: 15th December 2019 – Year in review.

With 2019 coming to an end, we wanted to provide the community with an overview of some of the accomplishments Blocknet has achieved over the last year and look forward to see what the future has in store. This is what was achieved in 2019….

2019 started with a bang with the v1.0.0 release of Block DX early in the year (the first non-beta release) and marked the first time a truly decentralized exchange was available to the crypto community. This was shortly followed by the publication of the Blocknet documentation portal. To coincide with the release of Block DX, a feature article focusing on Block DX and “ultra-trustless trading” waspublished on Bitcoinist as well as an article published on the Blocknet blogon the topic of how much time, effort, and hassle can be saved by trading on Block DX.Team members also appeared on high profile crypto podcasts including the 51% podcast and the stake and nodes podcast

The spring months were very productive for Blocknet with the official release of the beta version of XRouter and XCloud. This was a major milestone for Blocknet and blockchain as a whole as it made available the world’s first decentralized blockchain router, allowing developers to utilize on-chain data and services from public and private blockchains without needing to have any of them installed, as well as utilize off-chain data, APIs, and services. XRouter lays the foundation for multi-blockchain architectures, real DeFi, on-chain/off-chain cohesiveness, and an “Internet of Blockchains”. This was covered on various websites including CCN and Bitcoinist. API documentation for XRouter and XCloud was also published along with a list of XRouter and XCloud calls which Service Node operators have posted on the forum.

As spring turned to summer, development and marketing continued. Private community testing begun for the world’s first decentralized lite multiwallet, which is being developed by CloudChains Inc and is powered by XRouter. A collection of XCloud proof-of-concept services were created for Siacoin to allow for usage of their storage network. Blocknet was also recognized in the wider community when the German Federal Government (BMVI) stated that XRouter was the first example of “a concrete technology for communication between blockchains” in their report: Opportunities and Challenges of DLT (Blockchain) in Mobility and Logistics. (You can read it here if you understand German.) BLOCK was also added to the DigiFinex exchange. On the marketing front, Blocknet was featured on many YouTube channels including Chico Crypto, Crypto Daily, as well as interviews with Arlyn on Crypto Beadles and CryptoTips. An in-depth deep dive examination of the history of decentralized exchanges was published covering the evolution of the DEX and comparing various so-called “decentralized” exchanges to see how they measured up against Block DX along with an article on Exchange Hackings, Security and Freedom on CCNcovering recent exchange hacks. The Blocknet community was also very proactive and a Blocknet Crew channel was created in Discord where several community members set up dedicated Blocknet social media accounts to spread the word about Blocknet, including a dedicated Block DX Twitter account. Another community member began building a service explorer for XRouter and XCloud services. Decentralization in action!

With summer now in full swing, Block DX received several updates including tooltips, right-click order taking, and order book filtering. XCloud services continued to grow throughout the summer with a number of services, calls, and plugins being added to mainet including Monero and Omni Layer plugins, a TrollBox Plugin, and Telegram registration. An XCloud-powered Discord channel was created to test out XRouter and XCloud API commands without needing the Blocknet client installed. Development to migrate Blocknet’s base chain from PIVX to Bitcoin’s v18 codebase was started. The new codebase will make the network more efficient, scalable, and secure and will also include a move to on-chain governance (with Service Node registration and proposal voting recorded directly on-chain) and a single tier block reward. This will lay the foundation for making XRouter enterprise-ready and allow for real DeFi as we move towards a true Internet of Blockchains.

Marketing reflected the rapid progress of the various Blocknet products with an array of coverage across Youtube, websites, podcasts, and speaking events. Articles included XRouter: an Internet of Blockchains vs. an Intranet of Blockchains on Bitcoinist, “XRouter: the biggest advancement since Ethereum” on Coin Telegraph, as well an article on Blockgeeks where they recognize that Block DX is the most decentralized exchange out there!

Coverage also continued on Youtube with CryptoTube recording a great overview about Blocknet,and Arlyn made several appearances on more high profile podcasts such as the Blockcrunch podcast with Jason Choi, Investnoir, and the ChorusOne Podcast.

As autumn approached and summer drew to a close, a new Facebook page for Block DX was launched and Blocknet started to create a foundation and begin conversations for future business development partners including meetings with various parties from the banking and consulting sectors. In late August, Arlyn attended EthBerlin to give a presentation on the interchain and XRouter and chaired a debate panel on interchain, which included founders from Cosmos, Polkadot, POA, Matt Luongo from Keep, and the CrossChain Group. BLOCK was also listed on the Altilly Exchange thanks to the community pulling together and voting for the Blocknet.

In October, support for a proxy container was added for XRouter for enterprise clients to allow for integration into a web server environment that can support millions of requests per second. Late October was a cause for celebration as Block DX surpassed the $500,000 mark in all-time total trading volume, a new Block DX tutorial was created that shows how to set up and trade on Block DX, and improvements continued to be made to the market maker bot. Community outreach continuedto make Block DX the go-to OTC platform for various projects and a Telegram BLOCK faucet bot was created to help onboard new users. An XCloud-powered trollbox chat service was also integrated into https://blockdx.co/. At this point Block DX had undergone many improvements, and in November Block DX version 1.5.0 was released along with a brand new dedicated website for Block DX. A new article was published on Hackernoon covering the Blocknet Protocol and Blocknet community member TheVoice was on the Cigars & Crypto podcast. BLOCK was also added to the VCC Exchange.

Blocknet rounded off the year with the release of the v3.14.1 wallet in preparation for the release of the v4.0.0 release. Please note the v3.14.1 update is mandatory for everyone so please download here ASAP if you have not already done so. The v4.0.0 is now planned to be released after the next Superblock as testing is still ongoing and the new release will affect Service Node registration, proposal submission, and the voting process.

A new roadmap and format is currently under development. The new roadmap will offer a layout that’s easier to follow and feature all completed milestones, many more upcoming items, and in-progress items to provide more context into past accomplishments and future goals. There are many exciting milestones still ahead and Blocknet will continue breaking new ground in 2020. For Q1 2020, the current priority list is as follows:

  • XRouter packet for relaying the Service Node list
  • XRouter C++ and Golang library to interact with XRouter without the Blocknet wallet
  • Blocknet Name Service (XRouter DNS), which will allow for Service Nodes to offer their services behind a registered domain
  • XBridge staked input (p2pk) support, which will allow staked inputs to be used in trades
  • XBridge Segwit (p2wpkh) address support, which will expand support beyond legacy addresses.

These development items will bring us towards the XRouter 1.0 release and will greatly increase the usability of the XBridge and Block DX. The full roadmap will be published very soon so be sure to stay tuned!

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 January 15th. Until then we look forward to hearing from you and hope you have a great Christmas and a happy new year!

Sincerely,

The Blocknet Team.

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