Blocknet

Blocknet BLOCK

$1.04
Market Cap $ 7.424 MM (#578)
24h Volume $ 17.166 K
Chg. 24h: -4.02%
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Blocknet News

Listen to the latest Block Stars podcast episode where @Joel...

Listen to the latest Block Stars podcast episode where @JoelKatz and @justmoon discuss how a unified #payments infr… https://t.co/4I98a6tErL

12 days ago

Did you hear we’re INCREASING block reward allocation for se...

Did you hear we’re INCREASING block reward allocation for seed node operators from 5% to 40%? 🔥 This means MORE DE… https://t.co/ckSM4uIOQC

14 days ago

Zcoin's first halving approaches! Zcoin's first halving is ...

Zcoin's first halving approaches! Zcoin's first halving is set to happen on block 302438 (approximately 24th Septe… https://t.co/EonyPydlYh

15 days ago

Block #7 newsletter is out! A lot of 👨‍🌾🚜🌾 in this one... -...

Block #7 newsletter is out! A lot of 👨‍🌾🚜🌾 in this one... - other keywords: enterprise, client diversity, smart co… https://t.co/Y0fPFREeb4

17 days ago

The #DAO consultation on block rewards is being voted on at ...

The #DAO consultation on block rewards is being voted on at the moment. It looks like the network is leaning toward… https://t.co/cs2jWIOCb9

18 days ago

Into The Block is back, analyzing the #Ethereum ecosystem an...

Into The Block is back, analyzing the #Ethereum ecosystem and #Bitcoin's role within it! The amount of tokenized Bi… https://t.co/m9CvcVVchX

18 days ago

@dumontiskooo Yes, it will be visible as soon as the block h...

@dumontiskooo Yes, it will be visible as soon as the block height reaches 9,400,000. Users will also be able to see… https://t.co/OJpDYOyhM8

18 days ago

The latest Word on the BLOCK is out! ✅ Lite wallet beta te...

The latest Word on the BLOCK is out! ✅ Lite wallet beta testing ✅ Automated Blockchain configs ✅ Marketing news… https://t.co/YBKikwWeTo

20 days ago

The public can identify and communicate with #EOS block prod...

The public can identify and communicate with #EOS block producers. This feat alone makes it more decentralized and… https://t.co/jDcnc0FcxX

20 days ago

Proton Wallet allows: 📈 Easy staking with block rewards ever...

Proton Wallet allows: 📈 Easy staking with block rewards every 24 hours 🏛️ Voting privileges to choose block produce… https://t.co/EvD2gk9uOu

21 days ago

Fun fact: whereas currently Loopring v3.1 each 'tx type' has...

Fun fact: whereas currently Loopring v3.1 each 'tx type' has its own zkRollup block (see below), in upcoming v3.6,… https://t.co/o4xzaiC8vU

22 days ago

@Debasis85043581 @czhuling @ace_itsu : You can apply as a Bl...

@Debasis85043581 @czhuling @ace_itsu : You can apply as a Block Producer(miner), or a voter who elect the miner. Co… https://t.co/zFXQOOsZfn

22 days ago

In about 30 days the Lisk block rewards are being reduced fr...

In about 30 days the Lisk block rewards are being reduced from 2 LSK per block to 1 LSK per block. In other words t… https://t.co/z3ciWH37Mr

22 days ago

@Thuongnira @czhuling @ace_itsu: We use blockchain sharding ...

@Thuongnira @czhuling @ace_itsu: We use blockchain sharding by vanilla C# and make improvement on it. The block pro… https://t.co/GnZnvBi7ZG

22 days ago

There is an ongoing #DAO consultation for block rewards chan...

There is an ongoing #DAO consultation for block rewards changes and a coming consensus change voting. Remember to v… https://t.co/A6kRqjSXoN

23 days ago

😎 @realio_network is launching a Super Staking Rewards Progr...

😎 @realio_network is launching a Super Staking Rewards Program (2x block rewards). August 28th is the snapshot date… https://t.co/lBhP8Hmu0t

23 days ago

@marrsd @SallySu50926124 @Miss_Snuffy Were the mask to block...

@marrsd @SallySu50926124 @Miss_Snuffy Were the mask to block air molecules, the air would simply flow around the ma… https://t.co/A4FB2VyARf

25 days ago

@marrsd @SallySu50926124 @Miss_Snuffy No it isn't. Their pur...

@marrsd @SallySu50926124 @Miss_Snuffy No it isn't. Their purpose is to block droplets, not air molecules which are… https://t.co/LfL5ChWbC3

25 days ago

Don't miss a single episode of the Block Stars #podcast. Sig...

Don't miss a single episode of the Block Stars #podcast. Sign up for our newsletter to be notified the instant a ne… https://t.co/PP9yZTlI8p

a month ago

The #Binance Chain mainnet is expected to have a scheduled h...

The #Binance Chain mainnet is expected to have a scheduled hard fork upgrade at block height 109,999,000. Based on… https://t.co/D3w4YltvhO

a month ago

We are very excited to announce that we acquired ...

We are very excited to announce that we acquired https://t.co/sSNecSy7T4, the leading Block Explorer and Developmen… https://t.co/Hgx6jIuH4q

a month ago

HC mainnet will undergo a hard fork at a block height of 450...

HC mainnet will undergo a hard fork at a block height of 450,000, and the estimated time is 20:00:00 (GMT+8) on Oct… https://t.co/U2qK1oeWhZ

a month ago

Someone just created the first ever concensus change consult...

Someone just created the first ever concensus change consultation, proposing reducing the block cycle length. This… https://t.co/FFAeMJDPKS

a month ago

Sharing the list of winners from the Newsletter Block #6 Pol...

Sharing the list of winners from the Newsletter Block #6 Poll 🥳 Check if your Unique Code is one of the listed 10… https://t.co/AdtxoLGv4o

a month ago

Zenon Network

Zenon Network Lock-drop is worth free QSR tokens allocated on a ratio basis to ZNN holders. To participate in the QSR Lock-drop, send ZNN coins before block 749980 to the indicated QSR Drop Pool address by following the instructions. About Zenon Network Zenon Network is an evolutionary step in distributed ledger technology, enabling an efficient trust layer for transfer of value and data globally. Based on The Network of Momentum, it proposes a new type of architecture designed to overcome the limitations of current blockchain or DAG-based cryptocurrencies. ZNN and QSR will be the two coins that will power NoM, each with its purpose, forming a complementary coin mechanism underlying the Network of Momentum’s architecture. Quasar (QSR) will function as fuel for the NoM, powering all services designed on the future Zenon infrastructure, known as zApps. ZNN is listed on Coinmarketcap and traded on Bilaxy.com & Stex.com.

a month ago

The latest Word on the BLOCK is out! ✅ Lite Wallet update ...

The latest Word on the BLOCK is out! ✅ Lite Wallet update ✅ Block DX bots ✅ Website news Check it out here:… https://t.co/f0Fz43uO1L

a month ago

Blocknet Comet 4.3.1 has been released with improvements and...

Blocknet Comet 4.3.1 has been released with improvements and new features. Full details on these updates can be see… https://t.co/df1XjEeAxy

a month ago

#PCHAIN #mainnet successfully upgraded to V1.3.04 at block N...

#PCHAIN #mainnet successfully upgraded to V1.3.04 at block NO.16,000,000 today. Thanks to our $PI #nodes who alread… https://t.co/lGqG2xNeod

a month ago

The Blocknet understands this. Few understand this. ...

The Blocknet understands this. Few understand this. https://t.co/SkKhWW15mT

a month ago

We are implementing an on-chain architecture which splits cu...

We are implementing an on-chain architecture which splits current block processing, transaction processing and sche… https://t.co/4Ho3S68Vnw

a month ago

A new chain reorg of 4,000+ blocks has occurred on @eth_clas...

A new chain reorg of 4,000+ blocks has occurred on @eth_classic $ETC at block 10935622. Our alert system caught th… https://t.co/gtqBZdglsW

a month ago

Want to be notified when the latest episodes of our Block St...

Want to be notified when the latest episodes of our Block Stars podcast drop? Follow this link and subscribe to our… https://t.co/DTVN4OXT9x

a month ago

Get acquainted with your next binge obsession. Bookmark our ...

Get acquainted with your next binge obsession. Bookmark our Block Stars #podcast page for easy access to the latest… https://t.co/qdm7qqo9xB

2 months ago

The Tokenomics of Fusion (FSN)

The tokenomics of Fusion is an advanced topic entailing time-locks, time-value, staking tickets, multiple chain presence, block rewards, halvings and three types of gas fees. It is built to be a fundamentally desirable asset with predictable scarcity that can be used as payment without losing anything and yet offer a high interest rate, for all time. Sounds impossible, right? Possibly. The last part is only possible if Fusion becomes a highly used network. But so far, it’s off to a promising start. Supply FSN, the native asset of Fusion was initially issued on Ethereum in 2018 with a fixed supply of 57 344 000 FSN. Fusion mainnet was launched on June 30, 2019 with an initial supply mirroring these 57 344 000 FSN. At the time of writing about 47 million of these FSN have been burnt on Ethereum, and those who burnt them have been awarded mainnet FSN at a 1:1 ratio. Since the mainnet launch, supply has been growing at a rate of 2.5 FSN every block (around 13,2 s), which is awarded to the signer node every block. It has also decreased through a 519 119 FSN burn on block 957394. At block height 4915200 a halving will occur where block rewards go from 2.5 FSN to 1.25 FSN. Halvings such as this will occur every 4915200 blocks, making the block reward growth smaller and smaller with time, in a manner where the supply of FSN will never be greater than 81 920 000 FSN. In about 40 years we’ll be pretty close to this amount. Worth noting here is that it is supply growth that is diminishing and not necessarily block rewards, as these also have a gas element to them (more on this later). Current supply at the time of writing is around 62 300 000 FSN. Ticketed Staking, Time-locks and Time Value In order to run a node and partake in staking, 5000 FSN is needed to buy a ticket for a chance for your node to sign the block and get the block reward. The ticket purchasing is generally handled automatically, and the result is a relatively smooth ROI over time from the block rewards. Each node can run multiple tickets. At the time of writing a total of 6673 tickets are being bought by 476 active nodes. This means that 33 365 000 FSN is locked into this staking game for a chance to win block rewards. Fusion differs from most staking networks in that it offers a possibility for secure delegated staking by use of Fusion’s time-locks. This makes it easier to create secure pools that benefit those who don’t want to run a node but still wish to benefit from the staking rewards without putting their tokens at risk. Current such pools include WeDeFi, FSNPool, GoFSN, Node Networks, BitNordic.com and Pooltogether.io. Even more are likely to arise with time. The time-lock feature enables a holder to slice their FSN in 2 time-slices. One half will be from present time, to a time of their choosing and the other half from the time of their choosing until infinity. This way they can send a time-slice to a pool which lasts from present time and the following 6 months (for example). The pool uses the slice to stake FSN and sends the agreed upon yield to the time slice lender. Meanwhile the lender still has the infinity end of the token still in their wallet and is guaranteed the original FSN they had at the time they chose, no matter what happens. WeDeFi is an application/pool that has made all of this much easier, making it appear in the form of a simple interest account, while it’s all equally secure in the background. Making the extraction of interest through time in the process of staking as simple as possible, as described above, is important, because it has the potential to unlock the idea of time value. If it’s not simple to unlock value TL FSN, then this limits how useful it is as payment, and if TL FSN can be used as a currency, then there is little reason to sell FSN. Instead you can share its time value over and over again, in order to use it. It’s also important that a relatively solid interest rate can be maintained through time despite the halvings. And this is where gas comes in. Currently Fusion has around 5000 transactions/day, making it one of the busiest blockchains at the moment according to coinstats.network. There are three types of gas fees. 1. The regular one, which can be compared with Ethereum (but of course much, much cheaper at the moment). 2. An extra fee of 0.001 FSN for swaps and TL transactions. 3. An extra fee of 0.1 FSN for USAN generation (a special number that can be used instead of the public key when transacting, and is simpler to remember). The important one here is 2, because TL transactions and advanced swaps is truly what makes Fusion unique, and since Fusion is a platform with major interoperability ambitions, the goal is not just to have lots TL transactions and swaps with FSN, but for pretty much all cryptocurrencies and crypto assets. There’s really no telling how big the demand may eventually be. However, we can easily calculate how big it would need to be in order for gas rewards to compet

2 months ago

Following our recent block reward reduction, we plan to reva...

Following our recent block reward reduction, we plan to revamp our enterprise custodial wallet system to allow for… https://t.co/Ci3oYOvTMM

2 months ago

The Electroneum block number has just hit 862866, which mean...

The Electroneum block number has just hit 862866, which means the block double halving has taken place, and block r… https://t.co/0P4CdDpGkS

2 months ago

Based on the current block height, the blockchain update sho...

Based on the current block height, the blockchain update should occur in the early hours of tomorrow morning if you… https://t.co/DfepPcOYha

2 months ago

Today’s the day! #Electroneum is performing its second doubl...

Today’s the day! #Electroneum is performing its second double halving since July 2019, reducing ETN block rewards b… https://t.co/Z9BoPNvpAM

2 months ago

One day to go! Did you know, ETN block rewards are scheduled...

One day to go! Did you know, ETN block rewards are scheduled for halving every four years from now on, up to a limi… https://t.co/pxorlGU8dn

2 months ago

Comet 4.3 and Block DX 1.8.0 have been released! Note: Thi...

Comet 4.3 and Block DX 1.8.0 have been released! Note: This wallet release contains a new XBridge protocol versio… https://t.co/7jC2ijQpay

2 months ago

Two days to go! Did you know, this double halving event mean...

Two days to go! Did you know, this double halving event means miners will receive around 400 ETN for each block val… https://t.co/O7cY7BYRRo

2 months ago

Mark your calendars! Spiral calendar pad Block 680,000 or r...

Mark your calendars! Spiral calendar pad Block 680,000 or roughly on August 28, 2020 - Offline #Staking will go li… https://t.co/08Oncbyoqy

2 months ago

Inflation stays the same. It's the block reward allocation t...

Inflation stays the same. It's the block reward allocation that changes. SmartHive and HiveTeams will get a smalle… https://t.co/CDc8VA0sLD

2 months ago

Electroneum is set to launch its new fork on the 22nd July, ...

Electroneum is set to launch its new fork on the 22nd July, which means block rewards will be reduced by 75% in a m… https://t.co/3eYlrphlxl

2 months ago

RT @BlockDXExchange: These will be available for trading in ...

RT @BlockDXExchange: These will be available for trading in the next Block DX update (1.8.0) https://t.co/SrwDJ3lV2s

2 months ago

The latest Word on the BLOCK is out! ✅ Lite Multiwallet upda...

The latest Word on the BLOCK is out! ✅ Lite Multiwallet update. ✅ Comet 4.3 and Block DX 1.8 news. ✅ Enterprise XRo… https://t.co/pMBOuL9PQZ

2 months ago

RT @arlynculwick: The Blocknet will be the routing engine fo...

RT @arlynculwick: The Blocknet will be the routing engine for the entire #interchain in due course. https://t.co/0BcZUry7lm

2 months ago

Welcome to use the latest developed block explorer and datab...

Welcome to use the latest developed block explorer and database for the STEEM blockchain. The interface is not only… https://t.co/VXNGbqJDa0

2 months ago

Introducing XWallet! We are excited to share the first previ...

Introducing XWallet! We are excited to share the first preview of the Blocknet Lite Multiwallet. You can also check… https://t.co/gqTpyN0ze5

2 months ago

Thanks to everyone who has filled out the Blocknet Lite Mult...

Thanks to everyone who has filled out the Blocknet Lite Multiwallet survey! If you have not had time yet, the surve… https://t.co/jZH6bHLaGz

2 months ago


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