A decentralized, open source, Web 3 project that will require the continuous contribution and development of global stakeholders, adoptive end-users, blockchain and web developers to realize its full potential in the future.
1. The “Blockchain Trilemma” of speed, scalability and security continues to provide impediments to global blockchain adoption.
2. After a network is built, ease of use for consumers and enterprises is critical through mobile, web and enterprise toolkits.
Secure: An improved, global asset tokenization standard
Scalable: Low and no-fee transactions (trade, transfer, pay)
Fast: Cross-chain routing applications for payments
Adoption: Easy for consumers and enterprise (Mobile, Web)
BLOCKS is an advanced token/network model, fully compatible with Ethereum. The BLOCKS Network consists of a dynamic system of Operators and Reactive Smart Contracts. Operators are a system of approved intermediary Reactive Smart Contracts that perform actions on behalf of BLOCKS token holders.
Relays for Delegated Gas Fees
Cold Wallet to Hot Wallet Refill
Asset Swaps and Exchange Operations
Payment Subscription Managers
Financial Products and Services
BLOCKS tokenizes assets in novel ways. The BLOCKS Contract Engine generates Reactive Smart Contracts. These RaCs can optionally participate within the BLOCKS Network as Operators.
BLOCKS Network uses a novel Reactive Smart Contract (RaCs) framework that improves upon existing solutions by facilitating transactional behaviors on behalf of BLOCKS users.
RaCs have the capacity to respond to “tokens received” and “tokens sent” events. These reactive hooks allow for automated behaviors between contracts and regular addresses, particularly when functioning as Operators within the BLOCKS Network.
Using proprietary BLOCKS Assurance, the blockchain allows for ease of transfer and registry across both public and private-side registries. Meaning: a copy of your records is retained on a3rd party, immutable ledger.
Using the BLOCKS data layer, transfer events can embed encoded data, hashes and human readable text. This provides opportunities for storage of private and public data within simple transactions. Meaning: A copy of your data is retained on a decentralized, immutable ledger.
The BLOCKS Network can offset fees for users by using Reactive Smart Contract Operators. The Operator functions as a delegate that covers the gas fees associated with a typical BLOCKS transaction.
The BLOCKS Network will be routing certain functions onto cross-chains – such as trading, payments, content downloads and settlements to drive further speed and cost advantages for customers.
BLOCKS leverages the data input field for unique use cases around file storage. Large user files can be split across several BLOCKS transactions. These data chunks can be reassembled from the blockchain for use as web3torrents. In this way BLOCKS facilitates decentralized storage and content distribution on the web.