What is bloXroute?
bloXroute is a blockchain scalability solution that allows all cryptocurrencies and blockchains to scale on-chain, without any protocol changes.
bloXroute solves the scalability bottleneck by addressing the substantial time required for all nodes to synchronize when handling large volumes of TPS. Most importantly, bloXroute does this in a trustless way.
Why hasn’t this been done before?
Layer 0 is a layer that most projects either forgot, or left alone because it requires a different kind of expertise, or simply ignored because their bottlenecks lay elsewhere.
How is bloXroute different from previous relay networks like Falcon and Fibre?
Previous relay networks are useful, but they suffer from two major flaws:
First, the relay networks have the power to censor wallets, blocks, miners and nodes, and to provide preferable or discriminatory service to different nodes.
Second, the relay networks operate under volunteer service and can be shutdown at any moment. For example, the Fast Relay Network (FRN) was a volunteer service that was operated by Matt Corallo for the benefit of the miner community for many years, until its support was abruptly stopped, and later replaced by FIBRE.
Do blockchains have to change their protocol to use bloXroute?
No. bloXroute operates below the blockchain application layer, resolving the node-synchronization bottleneck without requiring any protocol changes. The decision on how to adjust each protocol to best maximize this potential is left to each blockchain’s respective crypto communities, developers, and miners.
How does the bloXroute BDN impact the block size debate?
By making the network faster, the bloXroute BDN eliminates the adverse effects of larger blocks. It reduces orphan and uncle rates, reduces wasted miner effort, and improves fairness and decentralization. As a result, the bloXroute BDN enables larger blocks then could be mined under the regular peer-to-peer (P2P) network or the old “fast relay networks.”
You say bloXroute requires no changes to the protocol but to achieve scale, the block size or interval time must change. How do you reconcile this?
Miners can use the BDN today to hear about and send blocks faster – no consensus or protocol changes are required. Thus, bloXroute requires no changes to the protocol in order to start using it. Once a blockchain approaches its limitation because of block size or interval time, the community might consider protocol changes to fully maximize the value that bloXroute adds.
What does provably neutral actually mean?
bloXroute can only fairly send TX updates to all gateways to allow blocks to quickly propagate over the P2P network. bloXroute is unable to censor nor delay these fast moving blocks, saving the need for encryption.
Which cryptocurrencies/blockchains do you plan to work with?
Every single one of them. Our goal is to enable every blockchain to become as useful and valuable as possible.
Would other scaling solutions (Lightning Network, Sharding, Trinity) be able to run together with bloXroute?
Yes, most other scaling solutions run on top of a blockchain protocol. bloXroute runs *underneath* the blockchain protocol which makes any solution that rests on top much faster.
Do you plan on open-sourcing the code?
bloXroute is designed to be completely open-source, however, some parts of the system must reach maturity prior to being opened-sourced. The code that nodes will run on their machines will be open-source from day one. The code bloXroute will run on our own infrastructure will require time to be developed to a stage where we can safely share the code with the community.
How are you funded?
We are privately funded by Metastable, Flybridge, 1confirmation, FBG Capital, zk Capital, Kilowatt Capital, and a group of cryptocurrency veterans. We hope to distribute the ownership of bloXroute via the BLXR token to the general public in the future, in order to completely align the economic incentives of the entire crypto-space.
Where can I learn more?
The best ways to learn more about bloXroute is to join our twitter, read our blog and white paper , ask questions on our telegram channel, and subscribe to our mailing list.
What is the bloXroute BDN?
The bloXroute Blockchain Distribution Network (BDN) is a network of fast relay backbone nodes, designed for rapid dissemination of blockchain blocks for all blockchains (e.g. Bitcoin, Bitcoin Cash, Ethereum, etc.). Fast block dissemination reduces orphan and uncle rates, and minimizes wasted miner effort while helping decentralization by ensuring that miners of all sizes efficiently send and receive new blocks.
The bloXroute BDN is a provable neutral network solution: it can not discriminate against or prioritize one miner over the other – it can only ensure that all miners that are using its service benefit from the fast block dissemination.
What makes the bloXroute BDN different?
The bloXroute BDN uses a novel technique – compacting blocks, cut-through routing and an optimized topology – for block propagation that is significantly faster than existing techniques. This approach is asymptotically faster than techniques based on simple block compression or just cut-through routing.
What are the elements of the bloXroute BDN?
The bloXroute BDN is comprised of fast relay servers, client services (gateways) and SDN (software defined network) services.
How will the bloXroute BDN help miners make more money?
The bloXroute BDN helps miners make more money in the following ways. First, before a particular blockchain is scaled, the miners benefit from fast propagation of transactions and swift propagation of blocks throughout the network. Second, as the throughput (measured in TPS) starts increasing, so does miner’s revenues. For example, in a scenario where the throughput of a blockchain is increased by 1000x, while the fees are decreased by 100x, the miner earns 10x more revenues.
How do miners connect to bloXroute BDN?
Connecting to bloXroute BDN is extremely easy. All you need to do is download the client gateway and run it next to your blockchain node (you can opt to run the gateway on a separate machine, but this will introduce unnecessary latencies). Once the gateway is running, you point your blockchain daemon to the gateway with the –addnode and –whitelist parameters. Additionally, we offer a docker image that you can use.
What should miners expect after they connect to the bloXroute BDN?
The bloXroute BDN is blazingly fast. The network takes advantage of network-wide parallelism, and ensures that blocks are transmitted as they are being actively received by the network. This means that block transmissions can be completed within tens of milliseconds after the last bytes of the block are received by the network.
How fast will block propagation be with the bloXroute BDN?
The block propagation time will be on the order of several hundreds of milliseconds.
What operating systems (OS) are supported for the gateway?
Currently, we support Linux and MacOS for the gateway. If you would like support for a different operating system please send an email to email@example.com.
Will the bloXroute BDN keep my IP private?
Yes, we do not reveal the IP addresses of the nodes connected to our nodes.
Can using the bloXroute BDN reduce my power consumption?
bloXroute BDN helps miners more efficiently utilize their power consumption. Since miners hear about blocks sooner, they can immediately start mining the next block, and thus more efficiently utilizing their resources.
Will bloXroute work with ETH PoS? Do miners / users benefit in the same way from bloXroute?
Yes, ETH PoS requires each proposed block to be propagated to a random subset of validators around the world, maintaining the block propagation bottleneck. Validators maintain their incentive to learn of new blocks sooner since only the first two-thirds to sign it will be rewarded.
Who do I contact for support?
Support is provided by bloXroute. You can send an email to firstname.lastname@example.org
How does onboarding work?
A cryptocurrency that wishes to take advantage of bloXroute can do so in the following steps. The first nodes and miners of a specific cryptocurrency who wish to utilize bloXroute are required to do nothing more than simply running bloXroute’s Gateway process in parallel to their blockchain application. For onboarding purposes, bloXroute will run a sufficient number of BDN nodes around the world, so that users can propagate blocks and receive transactions faster than any other peer. As more nodes use bloXroute, cryptocurrencies will see considerably fewer forks and stronger security guarantees that result from bloXroute’s superior block distribution.
What is the BLXR token?
BLXR is a first-of-its-kind security token that distributes revenues associated with the cryptocurrencies using bloXroute’s Blockchain Distribution Network (BDN) to the wider blockchain community. We believe that the BLXR token gives the project a business model which aligns incentives for a broad base of network participants.
Will there be a token sale?
In addition to focusing on improving the scalability for all blockchains, we also hope to give ownership of the technology to a broad base of people from around the world via a token sale. We will only do this after more progress is made in proving the impact of our technology, and that is our focus currently.
Is the BLXR a utility token?
No. The BLXR is a security token that distributes revenues associated with the cryptocurrencies using bloXroute’s BDN.