This week at the BTC Prague conference, Deutsche Telekom’s subsidiary T-Systems MMS announced its operation of a Bitcoin node and a Lightning Network node. Deutsche Telekom, Europe’s largest telecommunications provider and the parent company of T-Mobile, also shared plans to mine bitcoin. BTC Prague Conference: T-Mobile Owner Operates a Bitcoin Node, Plans to Mine the […]
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Japanese Crypto Platform SBI VC Trade Begins Validator Node Operations on XRP Ledger
SBI VC Trade Co., Ltd., a Japanese crypto-asset trading platform, has announced the commencement of its operation as a validator node on the XRP Ledger blockchain. This move aims to earn recognition for reliable performance from the XRP Ledger community and to be selected in the Unique Node List (UNL) of trusted validators recommended by […]
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The Inaugural aelf Node Election Crowned With A Grand Success
In the past 2021, we were impressed by many memorable spots, the boiling of meme coins, the emergence of NFT, and the popularization of Metaverse. Behind the flourish of everything, one thing is limited addressed – public blockchains have mostly evolved to their ecological expanding stage. In fact, we’ve seen DOT initiate the parallel auction, SOL’s technical innovation, LUNA’s independence, and many more. Among the public chain projects, one historically temperate-developing project drew unprecedented attention from the public – aelf.
With the start of its mainnet token swap in September, aelf has upgraded and rebranded to a new version from tech to marketing. Internally, as the completion of the Trail of Bits audit, aelf mainnet has upgraded to its v1.1.1 equipped with the more decentralized and more secured blockchain mechanism. Externally, the team has launched re-designed its website, collaborated with exchanges for many marketing campaigns, holding the Top of OASIS hackathon, and moany. And most significantly, aelf has completed its first stage node election with 17 reputable nodes invited to its mainnet. The elected nodes have subsequently started to contribute to aelf ecology with their own network.
The node election was initiated on November 18th, 2021, and concluded on time, with a long-running duration of xxx. The 17 qualified nodes include the world’s leading trading platforms represented by HuobiPool, OKEx Pool; as well as industrial-leading digital asset management and investment company in the blockchain/crypto field- FBG; the user communities consisted of blockchain enthusiasts and experienced developers-CoinHuntingCommunity, aelfie, ChainExplorers; quality GameFI team-marbleGameFI; and Defi team-CoinMultiDex; also the dedicated Web3 companies – bountyblok, Web3_LLP, RockX; and 5 aelf Genesis nodes on aelf mainnet installed since the launch of aelf mainnet on December 2020. These trusted nodes have acquired fat knowledge of the blockchain industry and are contributing to the visibility of aelf. To sum up, these expert nodes with their extensive knowledge reservation of blockchain industry will bring aelf more possibilities and benefits in prospect.
aelf emphasizes the great opportunity to work with dedicated nodes and benefit from the professional and dedicated support, the worthy nodes enable aelf to further reliably secure the network. On one hand, this node election is a showcase of capable blockchain pioneers. On the other hand, aelf embraces the powerful node partners with generous rewards. Once elected, production nodes on aelf mainnet could receive the income with the APY at more than 95.6%. The elected node producers store a copy of blockchain and are responsible for keeping the system secure. The prosperous future of aelf is provable from all the perspectives and criteria.
Currently, the underlying framework is mature now for more quality projects and nodes. aelf is also expecting the involvement and engagement of more aelf users. In the end, another exciting news, the aelf’s inaugural Top of OASIS hackathon is officially opened, the ample prizes are in the pool await for you, The submission of the hackathon is due on Feb. 9th, 2022. aelf is looking forward to seeing your project in the final review. BPs will join as judges. Later this year, they will also function as the decision-makers in the aelf sidechain auctions and many more.
aelf is the most advanced and secure blockchain cloud infrastructure with segregate, unlimitedly scalable cloud computing networks, leading the decentralized future. aelf has been going strong since being introduced into the crypto world in the second half of 2017.
StackOS Announces Innovative Node NFT Program With High Rewards
StackOS, the decentralized cloud computing protocol, recently announced its visionary node program which is truly unlike any other. The unstoppable cross-chain cloud computing protocol that allows users to deploy full-stack applications, decentralized apps (dApps), blockchain privatenets, and mainnet nodes, found a way to combine two of the hottest crypto topics: NFTs and DeCloud.
The Node NFT Innovation
NFTs have been the talk of the town for a while now in the crypto world. Their use cases are expanding from being digital collectible art to a crucial part of DeFi. But StackOS has conjured up an innovation that allows them to use NFTs to propel the cause of decentralization further into the mainstream.
Nodes are an integral part of decentralization. They allow individuals to participate in decentralization and make it more powerful. But so far, in most projects, launching nodes has been a huge task that usually requires certain technical ability and a fair amount of capital. With the StackOS Node NFTs, all you need is 0 and a computer with an internet connection.
You can now mint a Node NFT and immediately be a part of their decentralization network without any technical knowledge. A Node NFT will allow you to create a slot for a node that a cluster operator can use.
The way StackOS operates is that there are multiple cluster operators around the world. A cluster operator is one who runs a group of nodes that powers the decentralized cloud. Before this, a cluster operator could launch nodes by providing resources and locking up STACK tokens. But now, for a cluster operator to add a new node to their cluster, they need the Node NFTs to provide a slot and for this, the NFTs have to be minted by the community.
This makes it very easy for an individual to participate in the network’s decentralization, because the more the number of Node Slots, the more the number of Node Authorities. In the StackOS ecosystem, Node Authority is an individual who has rights on the network governance. An individual can be a Node Authority if they hold more number tokens than the ratio of total tokens circulation and a number of Node Slots. It is truly revolutionary. But one might wonder about the incentives for minting a Node NFT apart from being a part of the network’s decentralization process.
Node NFT Rewards
There will be multiple generations of Node NFTs available with each generation only having a limited amount of mints available. For every Node NFT someone mints, they will receive 50% of the trading fees of future generations NFT trades in ETH & MATIC. So, the earlier someone gets in, the more they can earn in rewards. Not to mention, the NFTs’ intrinsic value also grows as more are minted and traded.
If these rewards aren’t attractive enough, StackOS also offers a high APY program. In this program, you pay a fee of 0 in stablecoins every month per Node NFT and unlock an APY of 587%. Upon payment, users instantly receive 0 in $STACK which is available to withdraw without penalty in 3-months, and the additional rewards worth are locked within the NFT. These will drip daily over a one-year time period. Additionally, users also receive 10% of the minting fee of every new Node NFTs along with 50% of the trading fee of future trades in ETH and MATIC as mentioned earlier.
The innovation here to note is that the locked $STACK on the NFT and the monthly earnings by the NFT, increase the intrinsic value of the NFT, which can be traded at a much higher cost than the minting fee. Now, even the locked tokens are liquid and can be traded.
All these rewards make this Node NFT program very interesting. Easy participation, low capital, and high rewards – a great model for incentivizing network participation. The dates are not confirmed but the StackOS team intends to launch the Node NFTs by the end of the year, providing its community with a unique and powerful holiday gift – the gift of decentralization.
Boost the Ecological Value: What can aelf’s Node Election Bring to its Participants
With a total of 4,593,284 valid tickets (which equates to more than 4.5 M ELF tokens/ .34M) locked on the mainnet governance system, aelf blockchain opened its globalized node election on Nov. 18th, 2021. Candidates will join the governance system equally, being selected or voted with locked tokens as tickets. The publication enabled the listing of well-prepared candidate nodes immediately. The listed candidates include blockchain heavyweights like Huobi Pool, 8BTC, bountyblok, and RockX.
So why is this important? How could the elected nodes contribute to the construction and development of aelf’s networking? In this article, we will walk you through why this event has attracted qualified candidates; how the community could benefit from democratic voting; and we will take a glimpse into aelf’s promising ecological future.
aelf Motivates Ecology Constructors with Bountiful Profits
Thanks to the aelf Economic and Governance Whitepaper, aelf mainnet is capable of locking a significant amount of assets while embracing powerful node partners by providing considerable rewards.
On one hand, there is a low threshold with high APY to become an aelf production node. aelf nodes run on cloud service centers, the costs of which are lower than the traditional physical format. Candidate nodes are required to stake 100,000 ELF tokens to participate in the election. Once elected, production nodes on aelf mainnet could receive the income with the APY at more than 95.6%. The triple features make aelf a more alluring choice for nodes in comparison to others in the market.
On the other hand, there is a very profitable incentive mechanism on aelf mainnet. ELF holders can receive a weekly Citizen Welfare by staking their token assets to vote for the candidate nodes. The Citizen Welfare scales 75% of the main chain dividend pool.
“aelf voting session is a zero barrier to entry free system, connecting voters who are looking to support quality Block Producers (BPs) while being rewarded with a percentage of the additional BP income,” said Haobo Ma, CEO of aelf.
The Constructors’ Feedback to the Network with Integrated Capabilities
Similar to the proof-of-stake (PoS) consensus, aelf deployed its own AE-styled delegated PoS consensus, where validators are voted for by the rest of the token holders on the network.
According to aelf, 17 elected BPs will participate in confirming the transactions of the network. Once elected, the BPs will then be tasked with upholding the integrity and accuracy of the network by coming to a majority consensus on data or transaction blocks that must be added to the network. Other than the pure stake of ELF tokens, BPs also invest in the network in the form of infrastructure, community support, development, and many more.
Shortly, BPs will join mainnet aelf’s inaugural Top of OASIS hackathon as judges. Later this year, they will also function as the decision-makers in the sidechain auctions and many more. The collective actions can have a real impact on the future of the gradually opening aelf ecological network.
More information will be subject to aelf team on Twitter and Telegram.
Trusted Node – The DeFi Yield Maximizer for Everyone to Reap Rewards
Trusted Node is one of the prime movers in the DeFi space that encourages everyone’s participation in the ecosystem by offering them a rewarding staking experience. A creation of Stefan Rust, the ex-CEO of Bitcoin.com, Trusted Node is a universal validator node network that serves as a one-stop-shop for the crypto community’s staking needs.
What is Trusted Node?
A game changing liquidity staking and yield generation platform, Trusted Node is a collection of validator nodes on some of the leading and upcoming Proof of Stake blockchain ecosystems. Through this collection, the project offers users with a unified access, where they can stake their crypto holdings into any of the supported validator nodes without worrying about the infrastructure requirements. By doing so, users will not only play a vital role in securing the PoS network but also earn better staking rewards in the process.
Apart from enabling the users to earn staking rewards, Trusted Node ensures that they are not starved of liquidity by issuing synthetic tokens representing their stake. With the value of these synthetic tokens pegged to that of the actual asset staked by the user, they can conveniently use it to participate in liquidity pools and invest in yield generating opportunities.
That’s not all, Trusted Node’s native $TNODE token comes as an icing on the cake as it helps users boost their validator staking rewards. By locking $TNODE in a vault for a certain duration, users can earn a share of the daily vault rewards, which is proportional to their stake in the pool. $TNODE holders can also take part in the DAO and general governance of the Trusted Node ecosystem which also includes the privilege of floating and voting on proposals to introduce new validator nodes, appropriation of resources for different PoS networks and more.
Benefiting from Trusted Node
Apart from being a single point of entry for users to stake across multiple PoS networks, the Trusted Node ecosystem addresses the issue of accessibility in terms of infrastructure requirement, minimum staking amount and locked liquidity. Depending on the network, the requirements to operate a validator node can be a challenging, both in terms of resources and skills, which makes a lot of people miss out on the opportunity to earn steady rewards. With Trusted Node setting up and operating validator nodes for leading and promising PoS networks, anyone can stake their assets and earn the accompanying rewards.
On the other hand, staking in validator nodes requires users to lock their assets over a long time to earn fixed rewards in return. Trusted Node enables users to free that liquidity in the form of wrapped tokens and deposit in AMMs or Vaults to earn rewards, which is in addition to the staking rewards.
Trusted Node has created an ecosystem where both PoS networks and tokenholders stand to benefit. While the PoS protocols will have more than adequate tokens staked in their validator nodes to secure their network, the stakers will continue enjoying access to liquidity while their actual assets stay lock with the validator nodes.
With the added convenience and yield optimization facilities, Trusted Node encourages more participation in DeFi ecosystems and prevents concentration of wealth and power among few.
Increased Profits for Credits Blockchain Node Holders
Credits Blockchain Platform has announced the launch of additional stimulation for its node holders. The award program involves the monthly distribution of CS coins between all owners of Credits nodes entailing more advantageous conditions for receiving cryptocurrency of this platform.
The claimed amount of distribution for the March is 400,000 CS, equivalent to ,000. Each node owner will receive a reward depending on the frequency of the node’s participation in the consensus algorithm and its selection as a trusted one.
Participation requirements
Appropriate PC and Internet connection:
Operating system: Windows 7 / Windows 8 / Windows 10 64-bit / Linux Ubuntu 18.04
Processor (CPU): Intel Core i5 or AMD Ryzen 5 1600X
Memory (RAM): 6–10 Gb
SSD
Internet connection: 7-10 Mbit/s
An initial amount of coins to participate in a consensus mechanism and get basic rewards is 50,000 CS
More info about the Credits blockchain network is provided in Developer’s Hub.
About Credits
Credits is a fully decentralized, blockchain-based infrastructure platform founded in 2017 operating in the US, Singapore and Russia. The platform operates on the basis of the innovative Proof-of-Agreement protocol. The infrastructure is designed to allow various industries to take advantage of blockchain technologies and issue tokens or launch decentralized applications.
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Ethereum Gets a B, EOS Gets an F: Node Quality Study Ranks Top Crypto Assets
As competition builds within the blockchain industry, investors and prospective users alike have to undergo the arduous task of evaluating which blockchains have the best fundamental strength. Ethereum has long been favored by users and developers, but over the past three years a plethora of competitors have surfaced, making it difficult to discern which blockchain is the best.
A recent report from Coin Metrics is now offering a thorough evaluation of various blockchain networks, with a specific focus on their node operations. The research group evaluated a myriad of different factors and offered a B to Ethereum, while giving EOS and Binance Chain F ratings.
Node Operations Rankings: Ethereum Falls Behind Bitcoin, Litecoin, and Others
In Coin Metrics’ latest “State of the Network” report, the research and analytics firm offers a ranking of the top 10 blockchain networks – ranked by market capitalization – with a focus on their node operations.
As for what this ranking entails, Coin Metrics notes that they “ranked full nodes in several tiers (A, B, C, and F) depending on their ease of synchronization, update, and maintenance.” It is important to note that both XRP and XLM were not ranked, as they have to rely on API data from Ripple and the Stellar Foundation.
Of the top ten blockchains they ranked, Bitcoin, Bitcoin Cash, Bitcoin SV, and Litecoin all received A ranks, with the research firm not expressing any qualms with the aforementioned Proof of Work networks.
These rankings are particularly relevant at the moment, as nodes are the backbones that underpin all blockchain networks, running and verifying the blockchain, connecting the peer-to-peer network, and more.
Here’s Why ETH and Other Networks Received Low Rankings
Ethereum, which is one of the most popular blockchains for developers to build on, surprisingly received a B from Coin Metrics, which stems from the fact that it requires users to run a tracing node in order to undergo historical ledger auditing.
This node variant takes a long time to synchronize, which is why the research group gave it a B.
Interestingly, only two blockchains received an F rating: EOS and Binance Chain.
Their justification for EOS’s low score is linked to the complexity of extracting the data required to complete an audit. Binance Chain’s low-ranking stems from its “complex fee schedule” for its DEX and its closed source network.
As the markets grow more competitive and investors and developers grow more attentive to the nuances of the various networks, the ease of running, auditing, and synchronizing nodes will become an even more integral part of different networks’ future growth.
Featured image from Shutterstock.
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