Blocknet- Word on the BLOCK: 15th September




  • 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.

    • A new update to Block DX was released, including Automated Setup, Order-by-price, and more. Check out all the details here. These updates, specifically the Automated Setup, drastically reduce the barrier to entry and allows non tech-savvy users to experience the benefits of decentralized trading on Block DX. Many additional improvements to UX will be included in upcoming releases.
    • In addition to the Block DX update, a new wallet update was also released that introduced Trade History, XWallets, and the ability easily view and vote on proposals. You can read more here.
    • The Blocknet website has been updated with a branding page that can be viewed here. This new page gives the press and Blocknet community the ability to create their own Blocknet graphics and messages whilst staying true to the Blocknet brand. The page is broken into 3 categories: Product Logos, Brand Elements and Brand Guidelines.
    • An in-depth interview on the CryptoHobbit Twitter with Brian D Colwell was published on his Twitter. The full interview can be read here. This is a great article so feel free to share and retweet!
    • A blog page has been added to the www.blocknet.co. This will allow Blocknet to start self hosting our articles beyond just Medium. Check it out here.
    • A new read-only Discord channel, #joined, has been created to show the new member join messages and welcome messages instead of having those appear in #general.
    • The Discord channel #exchange has been renamed to #block-dx to better explain the topic of the channel and to help with discovery.
    • A new Discord channel called #community-volume-campaign has been created as a community initiative to drive volume on Block DX as recent and upcoming improvements continue to lower the barrier for entry, making it easy to use the exchange.
    • A new update to Block DX was released, including Automated Setup, Order-by-price, and more. Check out all the details here. These updates, specifically the Automated Setup, drastically reduce the barrier to entry and allows non tech-savvy users to experience the benefits of decentralized trading on Block DX. Many additional improvements to UX will be included in upcoming releases.
    • In addition to the Block DX update, a new wallet update was also released that introduced Trade History, XWallets, and the ability easily view and vote on proposals. You can read more here.
    • Additional improvements to the redesigned wallet can be expected to be released at the end of the month. However, the completion of this wallet redesign will extend past that due to a shift in focus to address XBridge and Block DX bugs.
    • Ethereum integration is ongoing. You can view the latest developments on GitHub.
    • API documentation has been updated to include changes to XBridge design details and diagrams to reflect the fee switch from maker to taker, updated fees from 0.005 BLOCK to 0.015 BLOCK, and added references for the atomic swap type in the XBridge introduction. You can view the APIs here.
    • The Q3 Roadmap continues to progress towards its conclusion.
    • Preliminary work on a Blocknet Litepaper has been concluded and composition will begin soon.
    • The planning of a Block DX Marketing Campaign is underway. The goal is to include articles, graphics, and videos to help introduce new users to Block DX once the Q3 roadmap is complete.
    • Three articles are now being edited and are under review with publishing times and outlets being discussed.
    • The Blocknet website has been updated with a branding page that can be viewed here. This new page provides the press and Blocknet community the ability to create their own graphics and messages whilst staying true to the Blocknet brand. The page is separated into 3 categories: Product Logos, Brand Elements and Brand Guidelines.
    • 6 templates have been created for the Media Library and many more are in the works. These templates resulted in all recent graphics taking minutes to create, thus saving the team time and resources. Several more templates are in the works, and once the base library is established, they will be made public for the community’s use.
    • Coin announcements will resume in October with a new streamlined announcement template.
    • An in-depth interview on the CryptoHobbit Twitter with Brian D Colwell was published on his Twitter. The full interview can be read here. This is a great article so feel free to share and retweet!
    • Blocknet is part of the #MasternodeMeBro18 masternode competition on Twitter. This competition has been covered by Coindesk and is a good way to get exposure. If you haven’t voted already, Click here and vote Blocknet!
    • The Youtube channel Decentralized TV covered Blocknet in their recent masternode video.
    • The Social Media Teams Initiative is growing Blocknet’s social media presence. Blocknet’s average daily Tweet output has doubled as Blocknet is getting engaged in more conversations.
    • A Blocknet Spanish Twitter account will be activated next week.
    • A blog page has been added to the www.blocknet.co. This will allow Blocknet to start self hosting our articles beyond just Medium. Check it out here.
    • Coin Portals are on track to be released early October. This will include:
    1. Coin overview
    2. News
    3. Social Media Aggregator
    4. Bounty tools for crowdsourcing articles, tweets, news mentions, memes, etc
    5. More features are in development
    • For Superblock 561600 there was a total of 435 Service Nodes, requiring a net of at least 44 votes for a proposal to pass. The results are as follows:
    1. UAT-QA-Team-561600 — passed: 760 BLOCK 166–0, Net 166
    2. marketing-cryptoved — passed: 260 BLOCK 150–1, Net 149
    3. ProcessGovernance — passed: 10 BLOCK 113–35, Net 78
    4. atcsb561600 — passed: 1010 BLOCK 165–0, Net 165
    5. Social_Coordinator — passed: 115 BLOCK 164–1, Net 163
    6. hanniabu-561600 — passed: 650 BLOCK 165–0, Net 165
    7. StrategyGroup — passed: 10 BLOCK 151–2, Net 149
    8. art_director_808 — passed: 590 BLOCK 159–50, Net 109
    9. MarketingLead-shane — passed: 1010 BLOCK 138–51, Net 87
    10. michael-dev-561600 — passed: 2100 BLOCK 167–4, Net 163
    11. Coin-split-1:100 — passed: 10 BLOCK 182–35, Net 147
    12. dev-fund-carryover2 — passed: 905 BLOCK 71–1, Net 70
    • 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 Service Node notifications separate to the Word on the BLOCK newsletter email. 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 blockchains have been addressed) 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 blockchains can be found here and the most recently announced coins can be found ere.
    • 138 blockchains are in progress for error resolution + finalization. (4 additions since last newsletter)
    • The price of BLOCK is currently at $4.04 (0.00061708 BTC) at time of writing.
    • Circulation: 5,334,622
    • Market Cap + Ranking: $21,6M USD | 3,292 BTC | Rank 193
    • 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: v3.10.2
    • Block height: 575386
    • 371 Service Nodes are currently active.
    • 996,623 staked coins are currently active.
    • The APR 7-day average for Service Nodes is currently at 19.89% and for staking it is currently 15.82%.
    • Lockup percentage from Service Nodes: 34.77>#/li###
    • 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 30th. Until then we look forward to hearing from you!



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