Whitepapers STRONG White Paper Explained Summary

STRONG White Paper Explained Summary

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STRONG White Paper

Summary:

– StrongBlock is a blockchain-agnostic protocol that incentivizes nodes for supporting the infrastructure of their blockchain.

– The protocol uses incentives and governance to prioritize the safety and sustainability of node rewards, compounding value for token holders by regularly reducing supply.

– StrongBlock is currently rewarding over 1700 Ethereum 1.0 nodes, representing more than 15% of all Ethereum active nodes.

– Ethereum 2.0, Bitcoin and other protocols will be eligible for STRONG rewards at a later date.

Explained – Strong White Paper. Learn in depth about differnet coins on the blockchain by understanding whitepapers.

There is a lot to learn about this futuristic tech, lets get started to dive into the Strong white paper and start to leverage it to build a more secure and trusted ecosystem for Industry 4.0 applications.

We will deep dive into how the coin works by understanding the whitepaper and its summary. Strong (STRONG).

Lets understand Strong (STRONG) after going through the Strong white paper.

Without wasting any further time lets get started to dive right in and lets understand white paper first.

What is white paper?

A white paper is an informational, influential, well-structured document, usually published by an organization, to provide in-depth information about a specific solution.

A white paper is used to provide a good insight into the challenges for a specific problem and a proposed solution for the same.

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Strong White Paper

Strong (STRONG) white paper will be going to provide you, all the information that is needed to get started with Strong (STRONG), including the inspiration for creating, the problem it is trying to solve and the solution proposed by Strong white paper.

Introduction

StrongBlock is the first and only blockchain-agnostic protocol to reward nodes for supporting the infrastructure of their blockchain.

Why incentivize nodes? With limited resources and no financial incentive, many nodes run out-of-date software, maintain incomplete blockchain histories , and are intermittently off-line. There is no easy mechanism to fix this problem once a blockchain is launched.

To solve this, StrongBlock has made it possible for anyone to create a node in seconds — or add their own node — and receive STRONG token rewards every day. More nodes equals more resilience.

At the time of writing, StrongBlock is rewarding over 1700 Ethereum 1.0 nodes, representing more than 15% of all Ethereum active nodes.

This paper provides details of how the protocol uses incentives and governance to prioritize the safety and sustainability of node rewards, compounding value for token holders by regularly reducing supply.

Currently, only Ethereum 1.0 Full Nodes are eligible for STRONG rewards. Ethereum 2.0, Bitcoin and other protocols will be eligible at a later date.

White Paper Link: Strong (STRONG) White Paper

Thats all for this blog post.

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