[ICO REVIEW]- What is Bloxroute? “Scalability” for all BLOCKCHAINS?

Basic information

Ticker: BLXR

Token type: ERC20

Date of sale: Have not yet

KYC: TBA

Whitelist: Yes (TBA)

Website: https://bloxroute.com/

Whitepaper: https://bloXroute-whitepaper.pdf

Telegram: Have not yet

Twitter: https://twitter.com/bloXrouteLabs

Medium: https://medium.com/@bloxroutelabs

Reddit:https://www.reddit.com/r/bloXrouteLabs/

Contact Email: hello@bloxroute.com

Technological ideas

What is Bloxroute?

BloXroute is a scalability solution which allows all cryptocurrencies and blockchains to scale to thousands of transactions per second (TPS) on-chain, without changing their protocol. Bloxroute resolves the information propagation bottleneck, allowing all nodes to maintain the consensus over the state of the blockchain, even when mining thousands of transactions per second on-chain.

BloXroute resolves the scalability bottleneck, namely, the long time required for all nodes to synchronize when handling large volumes of TPS, and it does so in a provably neutral manner. This means avoiding the impact of the original protocol (while maintaining a neutral role in the node system without the control, interference, or discrimination among nodes).

Bloxroute can help improve Ethereum scalability. The swift node-synchronization will produce less forks for Ethereum, lengthening the blockchain faster while keeping it “thinner” such as with more blocks and less uncle-blocks (blocks not on the main chain)

Bloxroute’s features: (neutral blockchain relay network)

No protocol changes: Runs underneath the consensus layer, immediately available, supports all blockchains.

Provably neutral: Fair to all nodes, cannot discriminate nodes, cannot censor blocks.

Gradual deployment: Immediately usable, usable by any single node, does not require majority adoption.

Why does Bloxroute achieve maximum neutrality?

The solution of bloxroute is to create a reliable intermediate transport layer that runs beneath the cryptos. Bloxroute allows to increase the block size safely, cut down on the processing time of a block, reduce the risk of creating fork, and support for fast transaction processing without confirmation. To apply bloxroute, it does not require any changes in the protocol or consensus nor need to adjust the system parameters. It’s compatible with any off-chain scalability solutions, adds to the consensus protocol that the receiving system is using. Bloxroute can be deployed gradually on each node as long as the node wants to receive more block increments. And once the scalability issue has been resolved, the current blockchains will be able to serve on every system.

The function of the BLXR tokens: serves the purpose of Bloxroute which is to promote the common development of other coins rather than competition. To prove that, 50% of the funds collected will be put into BLXR-reserve - this reserve is for all members holding the BLXR tokens. Whenever one member holding token can change the amount of BLXR they are holding into their equivalent amount of money on the above reserves (it means that resold token to fund, and this fund is maintained under many types of coin). The amount of reserves will increase or decrease based on the value of the coins in the reserve.

Team

The credibility and reputation of the development team is a factor in the feasibility of ideas.

And Bloxroute is considered as the brainchild of many experts at Cornell University and Northwestern University devoted to "scalability solutions"

Founders

Uri Klarman - CEO, Northwestern University: bloxroute is Uri's doctoral thesis at Northwestern University

EMIN GÜN SIRER - Chief Scientist, Cornell University: the leader in the crypto space from the early days, playing a key role in shaping Nakamoto's consensus, and detecting DAO's errors and its implications. Pioneering on-chain as well as off chain scalability solutions. Creating core element of Bloxroute which is the Falcon backbone.

Aleksandar Kuzmanovic – Chief Architect, Northwestern University: Expert on Net Neutrality and regular lecturer in the Faculty of Electrical Engineering and Computer Science at Northwestern University. His work, Net Neutrality, was received the NSF CAREER Award. He is also the founder and member of the Google's Measurement Lab (Google's Quantitative Research Lab, a global leading unit in the field of Net Neutrality). His research on resolving Network Congestion, traffic analysis, and content distribution has been widely circulated on the Internet, reaching out to millions of users.

Soumya Basu - CTO, Cornell University: A member of famous IC3 group (discovery of crypto and contracts) at Cornell University. Very famous for creating the Falcon network which is prioritized applications in the Bitcoin network since April 2016. Soumya's researches aimed at removing the belief in the decentralized system without reducing performance. He won the NSF and ACM SIGCOMM Award

Advisors

Navel Ravikant-Angel Investor, CEO & Co-founder, Angelist (famous organization connected angel investors, startups from 2010). Be an angel investor of many companies including Twitter, Uber, Yammer, Stack Overflow and Wanelo.

Injong Rhee- Entrepreneur in Residence Google, CTO, Head of Samsung Research and Development Department, professor at North Carolina, etc.

Bruce Maggs- Pelham Wilder Professor of Computer Science, Duke University, Vice-chairman at Akamai Technologies, Inc. Professor at Carnegie Mellon University. Master of Computer Science, MIT University, etc.

Sarit Markovich-Clinical Associate Professor of Strategy, Kellogg School of Management

Investment fund:

Flybridge ($560M) 1confirmation($28M) Metastable ($69M)

Posts on coindesk: https://www.coindesk.com/naval-metastable-bloxroute-blockchain-funding/

Community

Twitter: 1562 followers

Medium: 339 followers

Reddit: 208 subscribers

Do not have Telegram yet

In conclusion

Strong points:

Innovative technology ideas, impacting the entire blockchain ecosystem

The experience and reputation of the development team as well as the advisors are the best basis in terms of technological feasibility. The founders are those who have research work in the field of blockchain, scalability solutions.

There have been large investment funds, and having invested in the project to ensure operational costs

Weak points:

Not publicize token sale yet

No have roadmap yet

Not publicize Github yet, the source code of the project is an open source

No plan to approach the investment community yet

However: The above weak points are explained that because the team is focusing on technology development, and they also has funds and investment groups to support.

They also expect many community members around the world to have the opportunity to hold their tokens. However, only when the technological elements are guaranteed in terms of progress, will the plan of sale be announced.

The reason why the source code is not public at the beginning is explained as follows:

BloXroute is designed to be completely open-sourced, however some parts of the system must reach maturity prior to being opened-sourced. We will never suggest nodes to run Black Box code, but the code components we run on our own infrastructure is likely to require at least 12 months to reach such maturity.

So it can be concluded that BloXroute is a potential project worth paying attention and following in the crypto space with low risk. However, to review the investment profits, we need more information on the token sale which will be publicized by the development team later.

Rate from Icogens.com:



HYPE RISK ROI TERM ICOGENS ' SCORE LOW NOT RATE NOT RATE NOT RATE NOT RATE



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*Note: All the information (on icogens.com) including tokens sales, “interest level”, ROI rate, hype rate, risk rate are our subjective opinion and only for informational and educational purposes. The information ICO Gens provides is not an investment advice.

HYPE: is defined as the level of concern over a project and its FOMO. This score is based on the number of people joining a project’s social channels such as Reddit, Telegram, Twitter, Facebook, Bitcointalk, Medium or Slack as well as the number of review articles produced by the third party.

RISK: the risk rate of the project. Based on this score, you can find more spam warnings of the project. More specifically, RISK is about the transparency of the project, its idea, members of the development team, roadmap and whitepaper. (RISK is rated regardless ROI rate of the project).

ROI: (Return on Investment): the rate of profit a project can bring to investors (ROI is considered separately from RISK. ROI can be rated High and RISK can be rated High as well).

TERM: this factor reveals the length of time you should hold token or coin of a project. The period of time can be Short, Medium or Long.

ICOGENS ’ SCORE: this score can be decided by scores of four other scores or it will reflect the level of interest ICOGENS ’ team has in the project. This score is separated from ROI score. It just shows how much Icogens core team concern the project.

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Source: icogens.com