Strongblock creates platforms and protocols with the intention of revolutionizing the way Blockchain networks compensate the nodes that protect and sustain them.
The digital financial environment continues to develop almost every second, and among these technological advances, a new project called StrongBlock has popularized the node-as-a-service (NaaS) concept on the Blockchain. NaaS is an alternative to running entire Blockchain nodes on your own; provides infrastructure for developers and tools to configure and manage Blockchain nodes.
Connected Blockchain nodes forward, transmit, and store decentralized Blockchain data. A node, also known as a Full Node, is a device that stores the entire transaction history of the Blockchain.
The StrongBlock team includes CEO David Moss and CTO Brian Abramson, who are enterprise software and Blockchain veterans. Corey Lederer, Chief Product Officer, is also part of the StrongBlock founding team and has extensive experience managing technology products.
How StrongBlock Works
The StrongBlock protocol is designed to deliver NUBI continuously. NUBI rewards are currently paid out in STRONG, and in the future, the company will pay them out as NFT. The protocol is then governed by those who have obtained STRONG in this way. Potential reward shortfalls may be rectified by the community in a variety of ways as the protocol grows.
Rewards are measured based on continuous contributions per node, burning STRONG for NFTs, renewal rates, NUBI drawdown, and creating different NUBI classes. Additionally, there are two methods of using nodes within the StrongBlock protocol. Bringing your own Node (BYoN) offers additional flexibility and the ability to further customize your node, while StrongBlock NaaS is faster and easier to set up.
Both approaches offer the same basic NUBI incentives, but future additions may give BYoN nodes more opportunities than NaaS nodes. Also, the monthly fee for NaaS is USD 14.95 (paid in ETH), while it varies for BYoN.
How to Launch a Blockchain Node Using StrongBlock
To launch a Blockchain node using StrongBlock, make sure you have a digital wallet. StrongBlock’s NaaS platform is compatible with MetaMask and does not support multisig wallets.
To cover the gas fees of the transaction, you will need to buy some ETH. Connect your wallet to your preferred crypto exchange and purchase 10 STRNGR tokens. MetaMask can be downloaded as a browser extension from the MetaMask website. Customers can choose Chrome, Brave, or Firefox browsers.
Check gas rates by connecting your 10 STRNGR wallet to the app.strongblock.com website. The Etherscan gas tracker can be used to check gas rates, which vary based on the crypto economy.
Is StrongBlock a Good Investment?
For Blockchain lovers, StrongBlock may seem like a promising project to launch Ethereum nodes and earn passive income. However, considering the sky-high gas fees and the volatility of the cryptocurrency market, those interested in investing should always do some research before putting money into any project.
That said, if financial goals, organization vision, and return on investment are aligned, then investors can become active participants in the project and be rewarded with STRONG tokens. However, it is important not to forget the risk exposure that one is willing to take.
The platform intends to support other protocols such as the Ethereum consensus layer update (previously ETH 2.0) soon. It also plans to introduce features such as NFT gamification and a marketplace, which can encourage Blockchain enthusiasts to participate in the StrongBlock-led Blockchain revolution.
By Audy Castaneda
