Review on Blocknet by francis fernandez
Blocknet: interoperability without limits
Finding a chain of blocks that can interact with multiple chains provides ample opportunities for its users; since it allows you to access multiple functions from the same ecosystem. Blocknet is a platform with these characteristics.
Blocknet is a digital currency; whose platform guarantees its users the possibility of interacting with various technological services, whether centralized or without custody.
This is possible because it has an infrastructure that includes servers from different blockchains that communicate directly with each other. For this, it uses the XBridge algorithm that guarantees interoperability between multiple blockchain networks. Utilities:
• Link multiple blockchain applications with mobile devices or with an internet browser
• Connect with different blockchains directly; since it is not subject to a central server. This allows scalability
• Due to its open protocol it allows to create a large number of applications in its structure
• It allows to carry out exchanges without intermediaries of crypto assets
• It is a distributed network of a neutral nature that offers PaaS products
• They facilitate the application to any technology of distributed consensus mechanisms.
• Allows devices to have only one chain; access applications in many chains
Undoubtedly Blocknet is a robust and powerful ecosystem whose mission is to constitute a worldwide network of blockchain platforms that facilitate the interaction of small and large chains under the same infrastructure; to provide its users with multiple services of infinite use and in a safe and efficient way.
Pros
- Open source protocol
- Interoperable network
- Offers a wide range of services
- Peer-to-peer operating network
Cons
- It does not have a central currency
