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BlocknetDX repository
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Welcome to the Blocknet repository. Despite the repository name, this repo is for the Blocknet protocol. The repository for Block DX can be found [here](https://github.com/BlocknetDX/blockdx-ui).
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BlocknetDX is an open source community driven project building a blockchain based P2P atomic swap exchange using BIP65 capable chains
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Join the community on [Discord](https://discord.gg/2e6s7H8).
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Join the community on slack
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#### Blocknet
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Started in 2014, Blocknet is a decentralized, community-governed, self-funded, open-source project that serves as a connector between different blockchains, markets, and communities.
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Contributors are welcome
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#### The Blocknet Protocol
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The Blocknet protocol enables decentralized communication and exchange between different blockchains in a permissionless and trustless manner through the use of P2P atomic swaps using BIP65 and a DHT overlay network(Service Nodes).
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BlocknetDX Specs:
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- 1 Minute Block Time
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- 5k for servicenodes
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- Diff. adjustment per block
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- Supports Fast Transactions w/ SwiftTX
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- Supports Decentralized voting/funding
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#### Block DX
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Block DX is a completely decentralized and trustless exchange built on the Blocknet protocol that mimics a centralized exchange experience and enables traders to conduct exchanges directly from the wallets of the coins being traded. View Repo: [https://github.com/BlocknetDX/blockdx-ui]
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[Contributors are welcome!](https://github.com/BlocknetDX/BlockDX/blob/master/CONTRIBUTING.md)
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## BlocknetDX
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-- Decentralized Atomic Swap algo summary
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#### Blocknet Specifications:
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- Block Time: 1 Minute
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- Algo: Quark
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- Difficulty: Adjusted Per Block
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- Block Reward: 1.0 BLOCK (30% to stakers, 70% to Service Nodes)
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- Service Node Requirement: 5000 BLOCK
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- Staking Requirement: No Minimum
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- Governance: Decentralized Voting/Funding With Superblocks
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#### Decentralized Atomic Swap Algo Summary
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```Step1.
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Initiator creates secret X, and hashes it to create H(X). Initiator also creates public private key pair (pubkey i1,i2 / privkey i2,i2). Responder creates public private key pair (pubkey r1,r2 / privkey r1,r2).
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BlocknetDX Core
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Blocknet
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=====================
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Setup
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---------------------
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[BlocknetDX Core](https://github.com/BlocknetDX/BlockDX/releases/tag/v3.7.36) is the original BlocknetDX client and it builds the backbone of the network. However, it downloads and stores the entire history of BlocknetDX transactions; depending on the speed of your computer and network connection, the synchronization process can take anywhere from a few hours to a day or more. Thankfully you only have to do this once.
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[Blocknet](https://github.com/BlocknetDX/BlockDX/releases/tag/v3.9.22) is the original BlocknetDX client and it builds the backbone of the network. However, it downloads and stores the entire history of BlocknetDX transactions; depending on the speed of your computer and network connection, the synchronization process can take anywhere from a few hours to a day or more. Thankfully you only have to do this once.
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