What problem does this service solve?

Blocknet's protocol connects different blockchains and enables transactions of value through their decentralized exchange.DEW allows users to transparently trade a variety of assets without an intermediary.

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Company Description

Blocknet is a cross-chain protocol for inter-chain transactions and a decentralized exchange. It is primarily focused on connecting blockchain networks, but is also developing a decentralized exchange to enable trade digital assets across separate blockchains. It is meant to connect the growing number of blockchain projects and make them inter-operable. Blocknet uses a Proof-of-Stake (PoS) consensus mechanism that has three different types of nodes to verify transactions. The network is powered by the BLOCK coin.

DEW is a decentralized exchange that allows users to trade blockchain-based assets as well as stocks, futures, and other securities. Asset transfers are executed according to rules established in smart contracts, and a chain-based clearing mechanism ensures transparency. The DEW network, and exchange, is powered by the Ethereum-based DEW token.

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