Blocknet price

AaBLOCK

Just as the internet connects computers, the Blocknet connects users on any blockchain, enabling decentralized access to effectively every blockchain in existence.

Whether it’s through powering a decentralized Infura, decentralized APIs, or the most decentralized exchange, the Blocknet provides developers with the tools to create the applications of tomorrow.

aBLOCK, an ERC20 token, is a wrapped version of BLOCK, the native coin of the Blocknet. The BLOCK:aBLOCK bridge is provided by AnySwap.

aBLOCK functions as a means of payment for Hydra, a drop-in decentralized replacement for Infura.

BLOCK, its underlying coin, tokenises service node ownership. Services nodes are the Blocknet’s interchain overlay network, hosting multiple blockchains and responding to requests for chain data.

The main benefits of aBLOCK are improved accessibility to purchase BLOCK, and as a payment token for Hydra, Blocknet’s “Decentralized Infura” solution. aBLOCK will make it possible for people from every country (including America) to buy BLOCK (as aBLOCK). Additionally BLOCK / aBLOCK liquidity will be greatly improved because those in the ETH-based DeFi space now have easy access to BLOCK (as aBLOCK) on Anyswap and Uniswap. aBLOCK investors who are interested in participating in the Blocknet network can also “unwrap” their aBLOCK. In other words, they can bridge it back to native BLOCK at a ratio of 1:1. Native BLOCK can then be used for staking and/or Service Node collateral.