Blockmachine

SN19 Price

About Blockmachine (SN19)

Blockmachine is a decentralized marketplace for blockchain RPC (Remote Procedure Call) and archive node infrastructure, operating as Subnet 19 on the Bittensor network.

• Decentralized Infrastructure: It provides a verifiable marketplace where suppliers compete to serve blockchain data requests to customers.
• Cryptographic Verification: The protocol uses Merkle proof verification to ensure that data returned by nodes is accurate and consistent with the blockchain state.
• Performance Accountability: Live public dashboards track the uptime, latency, and success rates of all network participants to ensure service quality.

What Is Blockmachine

Blockmachine is designed to decentralize the execution surface of on-chain applications by providing an alternative to centralized RPC providers. In the current blockchain landscape, most wallets, decentralized applications, and bots rely on a small number of centralized entities to access blockchain state. Blockmachine aims to remove this single point of failure by creating a competitive environment for node operators.

Value moves through the system as customers pay for infrastructure access using Request Units (RU), a billing primitive that reflects the computational cost of different blockchain methods. The SN19 token is put to work as a reward mechanism for miners who successfully serve these requests. As the ecosystem grows, the protocol scales by adding more geographic regions and supporting additional blockchains, such as Ethereum and Binance Smart Chain, allowing for localized pricing and low-latency access globally.

What Makes Blockmachine Unique

• Two-Layer Verification: Unlike audit-only systems, Blockmachine combines real-time cryptographic verification at the gateway with post-hoc deterministic verification by validators.
• USD-Denominated Pricing: Miners bid for work in USD per Request Unit, which decouples the cost of the service from the volatility of the underlying token.
• Automated Slashing: Any miner providing incorrect data that fails a Merkle proof verification is subject to an immediate and permanent ban from the network.
• Public Accountability: The protocol publishes sampled request logs and accounting data to public storage, allowing any party to audit the routing behavior and payout calculations.

What Can You Use Blockmachine for?

• Reliable Data Access: Developers can point their applications at Blockmachine endpoints to retrieve raw on-chain data like wallet balances and contract states.
• Cost-Efficient RPC: Users can benefit from a network of competing suppliers that drive down the cost of blockchain infrastructure through market bidding.
• Verifiable State Reads: Applications requiring high trust can use the protocol's Merkle proof verification to confirm that the data they receive is cryptographically proven.
• Miner Participation: Node operators can earn rewards by providing high-quality, low-latency infrastructure to the network.

How Does Blockmachine Work?

Blockmachine operates through a protocol-managed gateway that handles all incoming customer requests. When a request for a provable method is received, the gateway transparently rewrites it to include a Merkle proof requirement. The request is then routed to a miner based on their routing score, which is a composite of their bid price and their quality score (latency, success rate, and long-term reliability).

The miner returns the requested data along with a Merkle proof. The gateway verifies this proof against a trusted block state root before delivering the result to the customer. This ensures that incorrect data is rejected before it reaches the end user. Payouts are calculated each epoch based on the work actually performed, and the protocol uses a Protocol Stability Reserve (PSR) to match reward distributions with market buybacks, neutralizing sell pressure. These protocol service fees are managed through a Request Unit schedule that ensures miners are compensated for the specific computational load they handle.

Team Info and Investors

The Blockmachine engineering team includes Mark Davison, Jeff Horner, Ben Mason, Francisco Silva, and Mahdi L'kotbi. Developer relations are managed by Doug Sillars, and the project is supported by Marcus Graichen as a strategic advisor. The project is built as an open-source protocol with its codebase hosted on GitHub. While specific early funding rounds are not detailed in the primary sources, the project is a core component of the Bittensor ecosystem and powers the infrastructure for TaoStats.

Where can you buy Blockmachine?

SN19 tokens can be traded on decentralized exchanges. The most popular exchange to buy and trade Blockmachine is Subnet Tokens, where the most active trading pair SN19/SN0 has a trading volume of $162,100.30 in the last 24 hours.

What is the daily trading volume of Blockmachine (SN19)?

The trading volume of Blockmachine (SN19) is $162,100.30 in the last 24 hours, representing a 82.90% increase from one day ago and signalling a recent rise in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for Blockmachine (SN19)?

Blockmachine (SN19) reached an all-time high of $17.11 and an all-time low of $1.91. It’s now trading -85.90% below that peak and 26.60% above its lowest price.

What is the market cap of Blockmachine (SN19)?

Market capitalization of Blockmachine (SN19) is $10,787,007 and is ranked #1113 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of SN19 tokens (4.5 Million tokens are tradable on the market today).

What is the fully diluted valuation of Blockmachine (SN19)?

The fully diluted valuation (FDV) of Blockmachine (SN19) is $10,787,007. This is a statistical representation of the maximum market cap, assuming the maximum number of 21 Million SN19 tokens are in circulation today. Depending on how the emission schedule of SN19 tokens are designed, it might take multiple years before FDV is realized.

How does the price performance of Blockmachine compare against its peers?

With a price decline of -17.90% in the last 7 days, Blockmachine (SN19) is underperforming the global cryptocurrency market which is down -5.00%, while underperforming when compared to similar Artificial Intelligence (AI) cryptocurrencies which are down -11.50%.