What is StrongBlock (STRONG) and How Does It Work

In the rapidly evolving digital financial landscape, innovations continue to emerge, especially in the crypto space. One such innovative project is StrongBlock, which has pushed the Node as a Service (NaaS) concept into the spotlight of blockchain technology . NaaS offers an alternative to managing entire blockchain nodes independently by providing the infrastructure and tools for their setup and management.

Blockchain nodes play an important role in conveying, transmitting, and storing decentralized blockchain data. But, what exactly is a blockchain node? Nodes, also referred to as Full Nodes, are devices responsible for storing the entire blockchain transaction history. But, who is behind the creation of the StrongBlock ecosystem?

The StrongBlock team boasts CEO David Moss and Chief Technology Officer Brian Abramson, both respected veterans of enterprise software and blockchain technology. Joining them is Corey Lederer, Chief Product Officer, who brings extensive experience managing technology products to StrongBlock's founding team.

Although StrongBlock views blockchain as the future of technology, it recognizes the complexities that may deter newcomers from entering this domain. Therefore, StrongBlock's goal is to democratize blockchain participation, making it accessible to everyone.

This article will delve into the concept of NaaS and explore what sets StrongBlock apart, how users can generate revenue through StrongBlock, and how to earn STRONG tokens.

Understanding StrongBlock

StrongBlock is a blockchain platform that aims to revolutionize the operation of blockchain networks. At the heart of the simplification lies NaaS tools, which empower users with limited blockchain knowledge to quickly build blockchain-compliant nodes while being compensated for their operation.

Before StrongBlock's NaaS, running an Ethereum node required a deep understanding of the blockchain, coding proficiency, and a server capable of running node operations continuously. In essence, navigating nodes before StrongBlock required significant effort or a high level of expertise to simplify the process.

Additionally, rewards are mostly awarded to miners who solve complex mathematical problems, with no monetary incentives distributed to nodes. This lack of reward distribution exacerbates the inability to assess node performance.

To overcome these challenges, StrongBlock's automated processes, enable broad participation in the blockchain revolution. Users can easily create nodes using the StrongBlock platform and earn daily STRONG token rewards by adding their nodes. STRONG serves as StrongBlock's governance token, allowing token holders to contribute to shaping the future of the protocol.

How Does StrongBlock Operate?

The StrongBlock protocol continues to provide NUBI rewards, currently distributed in STRONG tokens, with future plans to distribute them as NFTs . Governance of the protocol lies in the hands of STRONG token holders. Potential differences in rewards can be corrected by the community in various ways as the protocol evolves.

Rewards are calculated based on ongoing node contributions, STRONG burns for NFTs, renewal fees, NUBI deductions, and the creation of diverse NUBI classes. Additionally, the StrongBlock protocol offers two node utilization methods: Bring your own Node (BYoN) and StrongBlock NaaS. BYoN offers flexibility and customization options, while StrongBlock NaaS provides faster and easier setup.

While both approaches offer identical NUBI base incentives, future improvements could provide more opportunities for BYoN nodes versus NaaS nodes. Additionally, the monthly cost for NaaS is set at $14.95, while the monthly cost varies for BYoN nodes.

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Also Read:

What are Block Rewards?

Understanding the Importance of Block Headers

What Is Peer To Peer & How Does It Work? Read the explanation

DISCLAIMER: This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.