FibreCoin Leaves Blocknet, Joins SuperNET

FibreCoin, which has been a member of the Blocknet community since October 2014, developers of anon-centric OS, and anti-key-logger password interface, has left the 2.0 platform to join the SuperNET.

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FibreCoin Leaves Blocknet, Joins SuperNET

FibreCoin, which has been a member of the Blocknet community since October 2014, developers of anon-centric OS, and anti-key-logger password interface, has left the 2.0 platform to join the SuperNET.

Fibre joins SuperNET

FibreCoin joined Blocknet, the decentralized “internet of blockchains” being developed by the XCurrency team, on the October 15 of last year.

As the Blocknet team them selves put it, Fibre has "an Aggressive dev team that has already created their own OS and have integrated FibreLock (an android style password system that renders keyloggers obsolete) into a BTC Modded wallet in addition to their own."


On March 8, 2015, Fibre CEO Killakem announced the departure from Blocknet on BitcoinTalk, indicating pressure from investors in the crowdfunded technology. 

Killakem explained:

“It is with great regret that I have to inform you Fibre is leaving the Blocknet project. This decision was not easy to make, the reasons being community/investor demand and a change of direction for Fibre in 2015. My opinion of Blocknet has not changed; it will one day be a very successful project. However, I have a duty to look after the interest of our investors and my personal opinion cannot override my decision making for Fibre.”

"While we're disappointed to hear this news, we respect Killakem's decision and the way in which he has conducted himself,” said the PR representative of Blocknet, synechist, responding to the ANN fairly diplomatically, though without direct mention of the soon to come SuperNET integration. “It is a lamentable fact that holders of a coin are able to influence the strategic partnerships it maintains - and often against the intentions of the core team. We have witnessed this in the run-up to the Blocknet's ITO, with SDC. We are witnessing it again.”

Synchist finally clarified the move, and among other things pointed out that “Fibre is still able, at any point and for free - to become Blocknet-enabled.”

The next day, superNET announced Fibre’s integration. “superNET is officially welcoming FIBRE as its latest CORE coin from today on, their development team will be actively contributing in the expansion of our network, and integrating their innovative tech to the already superb superNET powerhouse,” wrote Eth, SuperNET GUI developer.

Meanwhile, lead dev James Lee’s confirmed the news, adding:

“It is hard to find coins with real dev teams and I am glad to have FIBRE joining SuperNET.”

Fiber and SuperNET

Not without controversy

The news certainly comes with some controversy, particularly given some of the past contention between the communities.

However, given that both projects have as a center model the integration of innovative and non-scam coins into their platform, Fibre’s move does beg the question, why not join Blocknet and the SuperNET through the Fibrecoin team and tech?

When faced with this question, Eth said: 

"What we have in our roadmap is very big already, InstantDEX is meant to be a true revolution in crypto, not only as a central 100% decentralized exchange but also will allow novelties such as custom market pairs, advanced portfolio statistics, integrated tradebots and AI managed automated actions ... its something that truly needs focus and dedication.

We are happy that other projects find new partners and grow too, what is good for crypto in any aspect, is good for all of us."

And indeed other partnerships are forming, with the announcement that Blocknet, Bitnation and Horizon will be joining forces, coming out almost the same day.

Blocknet vs the SuperNET

Blocknet and the SuperNET are similar in various ways, most clearly in their mission to decentralized crypto currency exchanges, while uniting the relentless innovations of altcoins and 2.0 platforms. However they do differ in various ways, most noticeably in their approach to funding and delivering decentralized blockchain to blockchain interactivity.

Unlike the SuperNET, who uses the Multigateway (MGW) as a decentralized clearing house model to enable exponentially more secure exchange between coins, Blocknet seeks to enable exchange of coins at a pure P2P level.

In theory, Blocknet’s approach will be more decentralized than MGW is today, which rest on 2-of-3 multisignature decentralized servers, but does require users to trust their funds to the key holders such as the Vericoin, OpalCoin and Bitstar development teams.

However, as far as rubber hitting the road, it is no secret that the SuperNET is significantly ahead, recently releasing a new GUI, already allowing exchange between multiple coins, as well as releasing a teaser video of what they claim to be a pre-alpha version of the functioning Instant decentralized exchange.

Ultimately, when the Blocknet solves the problem of the P2P coin exchange, the SuperNET will have the option of integrating the open-source tech. Thus, perhaps a partnership between Blocknet and the Supernet could be in the cards in the future.

The fruits of the Fibre/SuperNET’s partnership

For those familiar with FibreCoin’s development tree, it is clear why SuperNET was an attractive network to cooperate with.

FiberTrust, their native decentralized mixing technology, which according to their CEO is not a clone of any other mixing technology in the market, is very much aligned with the values of the SuperNET and BitcoinDark.

There are also many possible ways that Fibre users could interact with SuperNET core coins, such as by using VPNcoin’s services as well as Opalcoin’s decentralized storage.

On top of that, users can expect FibreLock’s anti-keylogger technology to be implemented into the SuperNET client, perhaps as an optional tool. Moreover, the SuperNET client will be integrated into FibreOS, which is bootable from a USB, allowing you to carry an anonymous, decentralized crypto-stock-market in your pocket.

However, aside from adding Fibre to the MGW servers, one of the first orders of business is to prepare Fibre code for audit and review. “Fibre believes in open-source; however we have remained closed-source due to the mammoth task of open-sourcing. This project will prepare our code for public release,” the Fibre team writes.

Martin also known as Mxxxxxx, the Community Manager of Fiber, added:

“Fibrelock, FibreOS and ZT are closed-source for now until [the] security audits commences […]. While FibreConnect - encrypted messaging, FibreDark - Hybrid Tor Network, and FibreGateway are open-source however, during the audit superNET devs had access to the code and could verify it.”

There is allot more development happening behind the scenes, you can to learn more about Fiber and its new role within the SuperNET here.

[Full disclosure: The author owns a stake in a variety of SuperNET assets.]

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