[ad_1]
GRAND CAYMAN, Cayman Islands – (BUSINESS WIRE) – Amid preparations for Ethereum (ETH) 2.0 and continuing concerns about centralizing Ethereum 1.0 nodes, StrongBlock, a protocol designed to reward and strengthen the world’s expanding blockchain infrastructure, today announced the launch of its Nodes platform. as a Service (NaaS), allowing anyone to deploy an Ethereum 1.0 node with just a few clicks and start earning STRONG token rewards. Additionally, StrongBlock has made several significant improvements to its protocol, reducing gas fees for liquidity providers and adding new incentives to increase the value of the network.
StrongBlock rewards registered nodes running the latest stable version of Ethereum 1.0, which exhibit reliable uptime and have few to zero outages. Now, through StrongBlock’s NaaS offering, any beginner can finance the creation and management of high quality Ethereum 1.0 nodes. StrongBlock plans to also support Ethereum 2.0 nodes in the near future as projects transition from the legacy infrastructure to the new network.
Ethereum 1.0 has faced infrastructure problems in the past that have threatened the integrity of the network. A recently unannounced hard fork caused an outage with node provider Ethereum Infura, which resulted in millions of dollars in losses and chaotic outages for several applications and exchanges including Binance, Metamask, MakerDAO, Uniswap, and Compound. A post mortem of the outage revealed that outdated nodes were the cause of the glitch, a problem easily avoided by using StrongBlock’s screening system.
According to Ethernodes.org, there are only about 11,000 active Ethereum 1.0 nodes of varying quality today. StrongBlock has already incentivized over 300 Ethereum 1.0 nodes, which represent 2.7% of the total Ethereum nodes and over 14% of all Ethereum nodes created since the launch of the StrongBlock protocol. StrongBlock aims to add thousands of new nodes in the coming months.
“As we step into the next evolution of Ethereum, node integrity will become crucial,” said David Moss. “Even if we can reduce the amount of stress on transactions on a blockchain, we will still have to nearly triple the active validators to ensure true decentralization. This and these validators will need to work reliably enough to support an influx of new dApps and users. This is why StrongBlock is working aggressively to incentivize new node registrations for the Ethereum 1.0 network and provide a decentralized alternative to services like Infura. ”
ETH 2.0 is a set of interlinked updates that will make Ethereum more scalable, safer and more sustainable. The first phase of the ETH 2.0 network was launched on December 1 and required a minimum of 16,384 validation nodes. Being the second largest blockchain by market capitalization, Ethereum hosts the largest ecosystem of blockchain applications. With this next round of enhancements, Ethereum plans to introduce waves of new and advanced business and independent applications. However, Ethereum 1.0 currently lacks the infrastructure support it needs to move forward.
“Ethereum 1.0 nodes will take precedence in the StrongBlock protocol for now, as most existing Ethereum dApps will remain on the 1.0 network until there is a critical 2.0 support threshold,” Moss said. “Ethereum 2.0 nodes require configurations similar to 1.0 with some additional changes, and we will soon be supporting them with STRONG as well. For now, anyone can easily create their own Ethereum 1.0 node using our NaaS, receive STRONG rewards and help make the Ethereum 1.0 network stronger. ”
To create your node today with just a few clicks, go to https://app.strongblock.com/nodes/create. A contribution of 10 STRONGs to the StrongBlock community is required to create a node and participate in the awards.
Do you want to work with StrongBlock? For partnership requests, send an email to: [email protected].
About StrongBlock
StrongBlock, founded in 2018 and led by blockchain industry pioneers, builds blockchain platforms and protocols. The STRONG protocol is the first to reward participants for working to improve the performance quality of the public blockchain. FORTE tokens grant holders administrative authority to propose, vote and implement changes to the StrongBlock DeFi protocol. Learn more by visiting the StrongBlock website, Twitteror Telegram.
[ad_2]Source link
