What is Blocknet?
The Blocknet platform is a step in the right direction when it comes to cryptography and digital currency. At its core Blocknet is an actualized peer-to-peer protocol between nodes on different blockchains. That forms the basis of a technology stack incorporating an API and an application platform. This enables open-ended application possibilities and greatly brings down time taken to develop it. In addition to that, Blocknet network requires specific core functions to work well.
The following three are the core functions:
- Interoperability between blockchains and networks
This platform also creates space whereby block chains can be connected to each other to guarantee interoperability. This makes it easier to connect smaller block chains with larger block chains. Without that, blockchains will work isolated. This linkage offers a wide range of challenges and application possibilities.
Founder: Dan Metcalf
Release Date: November 2, 2014.