The block chains Nxt (NXT) and Ardor (ARDR) have reached a peak in the number of nodes Network after the implementation of an incentive program.
Jerulidia, the company behind both blockchains, told Cointelegraph on April 28 that both networks saw a dramatic increase in the number of nodes after the company started a node reward program on April Fool’s Day in April.
The Node Rewards program rewards node holders with Ignis tokens (IGNIS). Jerulidia wants to distribute 10,000 tokens (about $ 212) a day among node holders for the next six months.
The incentive “exceeded expectations”
According to the specified dates The number of Ardor blockchain nodes increased by almost 200% from 241 to 708while the blockchain from Nxt rose 315% from 159 to 659. The number of file nodes increased even more: the number of Nxt file nodes increased by 2311% from 17 to 410 and that of Ardor by 1110% from 38 to 461.
Jerulidia co-founder and director Lior Yaffe said the results had exceeded the company’s expectations and would have a positive impact on the health and resilience of the network:
“For a public blockchain protocol, a strong network of nodes that use many different brands of hardware, operating systems, cloud providers and regions is particularly important to make the network more resistant to attacks and manipulation or technical errors.”
Yaffe also noted that the company updated Nxt yesterday to allow full nodes to run on cell phones.. He said he was happy with the design of the program because while Regular stakeout programs primarily reward large token holdersThis initiative encourages people without large cryptos.
The need for blockchain nodes
Nodes are a sometimes overlooked but crucial part of the blockchain infrastructure This is often done at the host’s expense. Although the knot Enable direct access to the blockchain and improve privacy and security If they are used for the transactions themselves, their hosting is usually not compensated for.
So It is important that cryptocurrency companies make the operation of a node as cheap as possible. When it comes to Bitcoin, as Cointelegraph reported in June 2019, All it takes to host a knot is a small Raspberry Pi that costs around $ 35 and fits in your hand. At the end of October last year, HTC also released a phone that can run a full Bitcoin node.