What is Blocknet?

"The Blocknet is a revolutionary advancement in cryptographic technology: a true peer-to-peer protocol between nodes on different blockchains. This is the foundation of a technology stack incorporating an API and an application platform, which enables open-ended application possibilities and vastly reduces development time.

Funds to pay for services can be earned through screening adverts, or earned when the app renders services to other nodes, or automatically distributed to apps through proof-of-stake.

It pays using the digital token (“coin”) native to its blockchain; this is automatically exchanged for coins native to the nodes delivering the service, which are then paid in direct peer-to-peer fashion."


-Blocknet.co
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General

TICKER SYMBOLS
BLOCK
AGE
5 years old (October 25, 2014)
CURRENT PRICE
$1.31
Updated 21 seconds ago via cryptocompare.com
CHEDDUR ALL TIME HIGH
$56.11
2 years ago
CIRCULATING SUPPLY
6,049,558 coins
Updated 3 minutes ago via coinmarketcap.com
MARKET CAP
$7,942,177
Updated 2 minutes ago

Technical

BLOCKCHAIN / LEDGER
Uses own
MONETARY POLICY
Built-in Inflation (525,600 coins per annum)
PRE-MINED / RESERVED
Yes
CONSENSUS MECHANISM
Proof of Stake (PoS)
MINEABLE / STAKEABLE
Yes

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