Satoshi Nakamori

Satoshi Nakamori

Jun 29, 2024

Understanding StrongBlock (STRONG) and Its Functionality

crypto
Understanding StrongBlock (STRONG) and Its Functionality
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Blockchain technology, while transformative, often presents complexities that can be daunting for the average user. StrongBlock aims to bridge this gap with its innovative Nodes-as-a-Service (NaaS) solution, making it easier for anyone to support and participate in blockchain networks without the technical burdens typically associated with running a node. This article delves into how StrongBlock operates, the role of the STRONG token, and how users can benefit from this platform.

What is StrongBlock?

StrongBlock is a pioneering platform that offers a Nodes-as-a-Service (NaaS) solution, designed to simplify the process of running blockchain nodes. Traditionally, operating a node requires extensive knowledge of blockchain coding, as well as ensuring the node’s continuous operation and upgrades. StrongBlock automates these processes, allowing users to create and manage nodes with minimal effort.

How Does StrongBlock Work?

StrongBlock’s NaaS provides two main methods for users to set up nodes:

  1. Bring Your Own Node (BYoN): This option allows users to customize and bring their own nodes, offering flexibility and personalization.
  2. Nodes-as-a-Service (NaaS): This is the more straightforward option where StrongBlock handles all the technical aspects, and users simply set up nodes via a user-friendly interface.

Both methods offer the same base incentives, but BYoN may provide additional opportunities for rewards in the future.

The STRONG Token

The STRONG token, recently rebranded as STRNGR, is an ERC-20 token on the Ethereum network. It serves as a governance token within the StrongBlock ecosystem, playing a crucial role in the platform’s decentralized operations. Initially, 10 million STRONG tokens were generated, but approximately 95% were burned to ensure a deflationary supply. This practice continues as new nodes are deployed, further maintaining the token’s value.

Setting Up a Node

To launch a node using StrongBlock, follow these steps:

  1. Prepare Your Wallet: Ensure you have a compatible wallet like MetaMask with enough ETH to cover gas fees and 10 STRNGR tokens.
  2. Connect to StrongBlock: Visit the StrongBlock app and connect your wallet.
  3. Create a Node: Follow the instructions to create a node, which involves paying for the node setup with 10 STRNGR tokens plus gas fees.
  4. Manage Your Node: Once set up, you can manage node fees and claim rewards through the StrongBlock dashboard.

Each node accrues rewards, which can be claimed periodically, providing a potential source of passive income.

Rewards and Fees

Nodes generate rewards based on their contributions to the network. Users must pay a monthly fee to maintain their nodes, which is currently set at $14.95 per node for NaaS. These fees help sustain the infrastructure and ensure the nodes’ continuous operation.

Security and Best Practices

Security is paramount in the StrongBlock ecosystem. Users are advised to:

  • Never share their wallet’s secret recovery phrase, mnemonic, or private keys.
  • Verify any communication claiming to be from StrongBlock, as the platform will never ask for sensitive information via social media or direct messages.
  • Ensure they are interacting with the official StrongBlock app to avoid phishing scams.

StrongChain and Future Developments

StrongBlock is also developing StrongChain, a blockchain designed to enhance decentralization and democratize validation processes. StrongChain aims to provide various utilities, including a public block explorer, a token bridge between Ethereum and StrongChain, and decentralized storage solutions. The platform is gradually rolling out features through a phased approach, involving community participation and testing.

Conclusion

StrongBlock’s NaaS offers an accessible entry point into blockchain participation, allowing users to earn rewards without the technical complexities of running a node. With its innovative approach and ongoing developments like StrongChain, StrongBlock is poised to play a significant role in the future of decentralized networks. By leveraging STRONG tokens and following best practices, users can benefit from this ecosystem while contributing to the broader blockchain community.