What is StrongBlock (STRONG)? StrongBlock is a node-running protocol to support the infrastructure of Blockchain networks. cryptocoin.com We will review StrongBlock in this article. In addition, we will also answer questions such as what StrongBlock is, what it offers, what is STRONG coin, what is it for, how to get it. Now, let’s examine this project, which serves as a NaaS platform, together.
What is StrongBlock?
StrongBlock (STRONG) is a protocol that enables nodes to be created in various Blockchain networks. Built on Ethereum, this protocol serves as a node-for-service (NaaS). Networks supported by the platform include Ethereum, Polygon, EOS, and many others. The platform supports non-technical users to run their own nodes on Blockchains. Accordingly, users can receive rewards in the form of cryptocurrencies through the ecosystem.
Blockchain nodes are similar to shareholders participating in consensus in a company. Nodes filter out double spending while verifying transactions that are legitimate. Thus, they increase the security of the Blockchain network. Depending on the hierarchy of the blockchain, certain nodes may have higher power and block generation ability than others. A blockchain can consist of thousands of nodes. At this point, the more nodes, the more decentralized the network. Accordingly, StrongBlock enables networks to become more decentralized by creating nodes.
What does StrongBlock offer?
The StrongBlock ecosystem is one of the most influential Ethereum node services, currently managing over 15% of all Ethereum nodes. Currently, the platform hosts close to 2,000 nodes. Users can easily deposit their ETH without having to download the entire Blockchain. It is also possible for them to run a node on the platform. Those who run nodes earn cryptocurrency rewards. The protocol currently supports Ethereum 2.0.
In addition, the ecosystem currently offers two main Blockchain node services. These are: Nodes as a Service (NaaS) and Bring Your Own Node (BYON). The first is the most used service as it simplifies the node creation process. The second is for users who are already running Ethereum nodes.
What is STRONG coin? What does it do?
STRONG coin is an ERC-20 token running on the Ethereum Blockchain. This coin also serves as StrongBlock’s utility token. For example, STRONG holders have a say in management by joining the platform’s DAO. This means that in decentralized management, users can vote and bid. Overseen by Hacken, a blockchain security company, the token is also used to reward users who run nodes. However, those who want to join the protocol via NaaS or BYON services must pay with 10 STRONG coins.
What is StrongBlock? How to get STRONG coin?
STRONG coin is currently listed on bitrue, KuCoin, Gate.io and Uniswap exchanges. Interested investors must gain access to these cryptocurrency exchanges to purchase the token.
