Blocknet mulls over major upgrades, seeks to integrate ETH support on Block DX
Following the announcement of Blocknet’s new roadmap, the project has revealed that it will be introducing a plethora of “strategically important” products and tools to the cryptocurrency space.
To fast-track its development, Blocknet will be hiring several developers in a variety of languages and parallelizing its development. Furthermore, the project will adopt a granular costing and management methodology.
Blocknet claims to be the first project working on decentralization at an interchain level. According to the team, its goal is to build an interchain infrastructure and tools to support a completely decentralized blockchain ecosystem.
No other “interoperability” project is decentralized at the interchain level itself, instead either placing a single blockchain’s consensus, or the agreement of a small group of individuals, at its center. In contrast, the Blocknet relies on the finality reached by interoperating blockchains themselves, and enables users to prove chain state without hosting the chain locally.
Blocknet notes that with an upcoming product suite of dApps, Hydra enhancements, and libraries for interchain trading, it is edging closer to making a decentralized interchain a reality.
Regarding Block DX, the exchange is not vulnerable to impermanent loss or frontrunning, according to Blocknet. It also supports over 125 blockchains and enables seamless cross-chain swaps.