Does #StrongChain matter? Will it stop the bleeding?
Let's dive in and see why @Strongblock_io decided to go the route.
💪🧵
Let's dive in and see why @Strongblock_io decided to go the route.
💪🧵
1) What is #StrongBlock ?
StrongBlock is a NaaS platform. Naas = Node as a Service. Nodes simply store and spread the blockchains data. When you host a node you are paid in the native token of the protocal you are hosting.
StrongBlock is a NaaS platform. Naas = Node as a Service. Nodes simply store and spread the blockchains data. When you host a node you are paid in the native token of the protocal you are hosting.
2) Node Setup/Cost
Node's are generally very expensive to host. Some as high as 6 figures. The $ETH validator node currently cost $97401.92 at the time of this writing. StrongBlock has solved the barrier of entry by lowering the cost to host a node,10 Strong tokens are needed.
Node's are generally very expensive to host. Some as high as 6 figures. The $ETH validator node currently cost $97401.92 at the time of this writing. StrongBlock has solved the barrier of entry by lowering the cost to host a node,10 Strong tokens are needed.
3) Problem with #StrongBlock ?
As great as StrongBlock has been over the past almost 2 years, it faces challenges. When you have almost 500k nodes created, that's a lot of rewards being payed out. Basically you sell more than the chain makes. Draining the treasury.
As great as StrongBlock has been over the past almost 2 years, it faces challenges. When you have almost 500k nodes created, that's a lot of rewards being payed out. Basically you sell more than the chain makes. Draining the treasury.
4) Why #StrongChain ?
StrongChain is one of the solutions, it is a Layer 1 EVM comp. blockchain. Basically, it's own independent chain. StrongChain also reduces gas prices, if you have used $ETH you know it is expensive. That's been a big complaint when claiming rewards.
StrongChain is one of the solutions, it is a Layer 1 EVM comp. blockchain. Basically, it's own independent chain. StrongChain also reduces gas prices, if you have used $ETH you know it is expensive. That's been a big complaint when claiming rewards.
4.2) Continued...
StrongChain looks to have an expanding ecosystem that can be built upon, which of course creates huge value to it's holders. This could mean a whole ecoystem revolving around StrongChain. To simplify...THIS IS LIKE BUILDING $ETH $DOT $ADA or other L1s.
StrongChain looks to have an expanding ecosystem that can be built upon, which of course creates huge value to it's holders. This could mean a whole ecoystem revolving around StrongChain. To simplify...THIS IS LIKE BUILDING $ETH $DOT $ADA or other L1s.
5) $STRNGR
Stronger is the native token on StrongChain. It will have an initial supply of 10,000,000 tokens. It will be ERC-20 liquid, meaning you can trade it for ETH or other L1s/L2s. It is meant to build value inside StrongChain by buying and trading.
Stronger is the native token on StrongChain. It will have an initial supply of 10,000,000 tokens. It will be ERC-20 liquid, meaning you can trade it for ETH or other L1s/L2s. It is meant to build value inside StrongChain by buying and trading.
6) What about $STRONG ?
As you can see below from the litepaper, $STRONG isn't going anywhere, so don't panic. Actually it can be seen as huge potential for the $STRONG token to be used allongside $STRNGR. Time will tell exactly how but I think it could be big.
As you can see below from the litepaper, $STRONG isn't going anywhere, so don't panic. Actually it can be seen as huge potential for the $STRONG token to be used allongside $STRNGR. Time will tell exactly how but I think it could be big.
7) Closing
#StrongBlock has a very thought out Roadmap. If they build what they are planning, we could see the startup of another major L1 that could compare to the likes of $FTM $AVAX and so on with an entire ecosystem built on it. DYOR NFA and God Bless! #strong #passiveincome
#StrongBlock has a very thought out Roadmap. If they build what they are planning, we could see the startup of another major L1 that could compare to the likes of $FTM $AVAX and so on with an entire ecosystem built on it. DYOR NFA and God Bless! #strong #passiveincome
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