Question 1

What is the Blocknet?

Accepted Answer

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](https://blocknet.co/hydra), [decentralized APIs](https://docs.blocknet.co/protocol/xrouter/introduction/), or [the most decentralized exchange](https://blockdx.com/), the Blocknet provides developers with the tools to create the applications of tomorrow.

Question 2

What is the difference between the Blocknet and other blockchain interoperability projects?

Accepted Answer

The Blocknet is the only inter-blockchain (“interchain”) project that is not partisan with regard to the blockchains it integrates. While other projects “bridge” two chains via some middle chain, the Blocknet does not privilege its own chain above the chains it connects. Instead, it supports the construction of proofs of arbitrary strength about state on any chain. This way, users are not required to use any chains that they do not wish to, and the security of their interaction is not dependent upon some middle chain’s security. In a word, the Blocknet decentralizes the interchain.

Question 3

What is aBLOCK?

Accepted Answer

aBLOCK, an ERC20 token, is a wrapped version of [BLOCK](https://coinmarketcap.com/currencies/blocknet/), the native coin of the Blocknet. The BLOCK:aBLOCK bridge is provided by AnySwap.

aBLOCK functions as a means of payment for [Hydra](https://blocknet.co/hydra), a drop-in decentralized replacement for Infura.

BLOCK, its underlying coin, tokenises [service node](https://docs.blocknet.co/service-nodes/introduction/) ownership. Services nodes are  the Blocknet’s interchain overlay network, hosting multiple blockchains and responding to requests for chain data.

Question 4

Why aBLOCK?

Accepted Answer

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.

Blocknet cena
AaBLOCK

Blocknet community

Blocknet noviniek

Informácie o Blocknet

What is the Blocknet?

What is the difference between the Blocknet and other blockchain interoperability projects?

What is aBLOCK?

Why aBLOCK?

Najnavštevovanejšie kryptomeny

Trendujúce

Blocknet cena AaBLOCK

Blocknet community

Blocknet noviniek

Informácie o Blocknet

What is the Blocknet?

What is the difference between the Blocknet and other blockchain interoperability projects?

What is aBLOCK?

Why aBLOCK?

Najnavštevovanejšie kryptomeny

Trendujúce

Blocknet cena
AaBLOCK