Blocknet is a decentralized application platform-as-a-service system. Blocknet, making itself known as “The Internet of Blockchains”, aims to connect nodes on different blockchains using its peer-to-peer protocol. This protocol incorporates an API and an application platform to streamline development and simplify connections. Blocknet has no central currency for all the blockchains it connects, therefore promoting the value of the other blockchain projects it connects and quickening the expansion of its inter-blockchain framework. Services from different blockchains can be delivered to devices that only have a single blockchain. Its peer-to-peer network architecture delivers these microservices in a similar way than what the Internet does.
Blocknet (BLOCK) is the digital asset, verified in Proof-of-Stake blocks and able to be burned, that serves as a fee payment medium to Blocknet and is distributed to Blocknet users.