Friday March 05, 2021
Bitcoin (BTC) $48,288.00   Ether (ETH) $1,509.93
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
NEWSLETTER SIGNUP
EXCHANGE 300+ COINS
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
No Result
View All Result
Home Networks & Protocols

Interoperability platform Blocknet to launch support for Ether and ERC-20 trading

With Blocknet’s new roadmap and developer hires, interchain features on the platform are now on the way...

Published by CryptoNinjas.net
02/08/2021
Interoperability platform Blocknet to launch support for Ether and ERC-20 trading

Blocknet, a 2nd layer blockchain interoperability protocol that enables communication and exchange between different blockchains, announced it will bring ERC20/ETH support to its decentralized exchange, Block DX. Alongside, the Blocknet team will make Block DX’s core component, XBridge, available as a JavaScript library to enable broader use in the web3 ecosystem; allowing developers to integrate Blocknet’s interchain trading technology into their DApps.

“The Blocknet’s new roadmap was recently announced, returning focus to its goal of building out interchain infrastructure and tools that foster the development of a completely decentralized blockchain ecosystem. No other “interoperability” project is decentralized at the interchain level itself, instead either placing a single blockchain’s consensus, or the agreement of a small group of individuals, at its center. In contrast, the Blocknet relies on the finality reached by interoperating blockchains themselves, and enables users to prove chain state without hosting the chain locally. With an upcoming product suite of dApps, libraries for interchain trading, and Hydra enhancements such as GraphQL support, history per address, and UTXO per address, a decentralized interchain is becoming a reality.”
– The Blocknet Team

Block DX

Unlike the current options of Ethereum DEXs, Block DX is not vulnerable to frontrunning or impermanent loss. Additionally, it is not confined to the Ethereum chain, currently supporting over 125 blockchains, enabling fast cross-chain swaps between any two of them with minimal fees. Yet, with the upcoming support of Ether and ERC20 trading, it will become possible to trade ETH and every ERC20 token without being front-run by miners and bots. Additionally, liquidity providers will not be vulnerable to impermanent loss, making it more profitable to make markets on Block DX than on other DEXs.

Interchain DeFi

DeFi is confined mostly to the Ethereum blockchain. This prevents the innovations of several thousand other blockchains from easily providing their services, and it prevents even Bitcoin from functioning as a full citizen of the DeFi ecosystem. With Blocknet’s interchain infrastructure, Bitcoin and effectively every other blockchain in existence may interoperate with Ethereum, enabling DeFi to exploit the many untapped innovations in the blockchain ecosystem, and enabling DeFi to embrace blockchains with characteristics optimized for a variety of use-cases.

FacebookTwitterLinkedinRedditE-MailTelegram

Related News

Blocknet releases 1.0 of DEX compatible multi-wallet, XLite
Wallets

Blocknet releases 1.0 of DEX compatible multi-wallet, XLite

02/03/2021
Blocknet’s decentralized network connects with Sia to enable blockchain storage
Networks & Protocols

Blocknet’s decentralized network connects with Sia to enable blockchain storage

07/29/2019
Block Dx Crypto Ninjas
Featured

Blocknet releases powerful update for Block DX exchange

07/12/2019
Blocknet launches beta of blockchain app interoperability protocol XRouter
Vendor Technology

Blocknet launches beta of blockchain app interoperability protocol XRouter

04/23/2019
Blocknet introduces trade history and XWallet technology with new wallet update
Wallets

Blocknet introduces trade history and XWallet technology with new wallet update

09/04/2018
Load More
Leave Comment

Where to Exchange

Bit2MeLeading Spanish Bitcoin ExchangeVisit
BL3P
European Bitcoin ExchangeVisit
ChangellyExchange & Buy 150+ CryptocurrenciesVisit
itBitAmerica's First Regulated Bitcoin ExchangeVisit
  • Trending
  • Latest
Enjin launching two scaling solutions to remove gas and support NFTs from any blockchain

Enjin launching two scaling solutions to remove gas and support NFTs from any blockchain

03/04/2021
DEX aggregator 1inch integrates Bitquery's API-powered crypto trading data

DEX aggregator 1inch integrates Bitquery’s API-powered crypto trading data

03/02/2021
Creators of crypto wallet Exodus files with SEC to allow purchase of its stock with bitcoin

Creators of crypto wallet Exodus file with SEC for $75M public offering

03/03/2021
CasinoCoin to migrate to XRP Ledger amidst rebranding

CasinoCoin to migrate to XRP Ledger amidst rebranding

03/01/2021
SIMBA Chain expands to Avalanche blockchain enabling low-code smart contract deployment

SIMBA Chain expands to Avalanche blockchain enabling low-code smart contract deployment

03/02/2021
iGaming platform Royale to integrate API3 to verify on-chain crypto-to-fiat price exchange

iGaming platform Royale to integrate API3 to verify on-chain crypto-to-fiat price exchange

03/04/2021
Crypto exchange KuCoin opens beta test on new 3x leveraged BTC and ETH tokens

Crypto exchange KuCoin opens beta test on new 3x leveraged BTC and ETH tokens

03/04/2021
Decentralized cloud Akash Network integrates with Equinix Metal

Decentralized cloud Akash Network integrates with Equinix Metal

03/04/2021
Crypto fund KR1 makes investment in blockchain data protocol LazyLedger

Crypto fund KR1 makes investment in blockchain data protocol LazyLedger

03/04/2021
DeFi yield optimization protocol ETHA Lend closes $1.6M funding round

DeFi yield optimization protocol ETHA Lend closes $1.6M funding round

03/04/2021
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2021 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact

© 2016 - 2021 CryptoNinjas Disclosures | Privacy Policy


Go to mobile version