More

    QuikNode – Fast & Easy Ethereum Mining Node Home Setup?

    QuickNode is considered to be the fastest and simplest way for people to run their own Ethereum node. In the cryptocurrency sphere, nodes and the process of running nodes are crucial. However, this importance may be lost on new investors who are venturing into the industry. Nodes are quite significant in the Ethereum world. They serve the purpose of validating transactions, regulating consensus voting and propagating blocks. QuikNode makes the Ethereum virtual mechanism stronger and benefits users immensely.

    Advantages Of Using QuikNode

    Some of these benefits include helping users to run their own Ethereum node in less than ten minutes, enabling them to transact with their own personal Ethereum node and taking part in and helping improve the Ethereum network. QuickNodes are always on, easy and have a fast internet connection which facilitates quick blockchain sync. Users also do not have a fear that they will run out of disk space.

    Ethereum has been plagued by high transaction volume over the years. This is because various high-end ICO’s such as Bancor and Status caused congestion and instability in the Ethereum network which resulted in the failure, freezing, and stalling of transactions. These setbacks caused the Ethereum price to plummet and hindered a good number of investors from taking part in ICO’s.

    Background And Founders

    In the recent past, ICO’s have attracted interested investors, a phenomenon which has resulted in a substantial backlog on the Ethereum ecosystem. The existing mining power, node network, gas structure, and block size can only deal with a limited number of transactions before a crisis occurs.

    In other words, the nodes available cannot handle the high number of transactions that need to be processed without risk of node overload. Fortunately, this will be a thing of the past now because QuikNode founders came up with a solution for this problem. The founders have vast experience in operating distributed systems and high-speed networks.

    This technology does not require hardware or software, and it is always in-sync. QuickNode offers users a chance to run their own node hence increasing the number of nodes needed to transact fast. It enables users to access the blockchain directly which increases the speed of transaction and deters bottlenecks. The QuikNode nodes are also password protected hence allowing users to enjoy a safe transaction.

    Goals And Objectives

    DAPP developers have also benefited from QuikNode because this technology will ensure that their apps operate in a conducive environment with good infrastructure and great performance. This will also allow DAPP developers to concentrate on their projects rather than worry about issues such as infrastructure.

    QuikNode Conclusion

    QuikNode is also of great help to upcoming ICOs. Nowadays, ICOs are being used by many people to raise funds for certain projects. This incredible technology known as QuikNode can be beneficial to such endeavors because it will ensure that the infrastructure is on point. It also enables users to have a good user experience while on the network. The network’s load also becomes balanced and moves easily. It also gives project managers the chance to concentrate on their projects and create quality products.

    Get Free Email Updates!

    *Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

    I will never give away, trade or sell your email address. You can unsubscribe at any time.

    Avatar
    Bitcoin Exchange Guide News Team
    B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    3,261FansLike
    2,727FollowersFollow
    4,098FollowersFollow

    Live Bitcoin Price & Latest BTC Chart News

    Today's Latest Crypto News

    Celsius to Implement Compounding Interest on Cryptocurrencies Deposited in Its Wallet

    Borrowing and crypto lending platform Celsius's Founder, Alex Mashinsky announced, that starting February 1st, they will begin applying compound interest for their customer's wallets. https://twitter.com/CelsiusNetwork/status/1220013310168293377 The...

    BlockFi To Cut Rates For ‘Tier 1' BTC And ETH Lenders While Boosting ‘Tier 2' Starting Feb 1

    BlockFi announced changes in its Bitcoin (BTC) and Ethereum (ETH) lending yields starting Feb. 1. Changes follow the increasing price and interest in...

    MENA’s Unbanked to Drive Crypto Adoption While China’s 5G SIM Cards to Enable Digital Payments

    In MENA region, two-thirds of people unbanked but over half of the countries have 70% mobile subscriber penetration rate China Telecom working on...

    Are Mining Death Spiral Believers Holding Bitcoin's Price From Jumping?

    Bitcoin hash rate down at 118 Th/s from ATH of 126 Th/s hit on the day BTC price jumped to $9,000 A risk...

    Japanese Lawmakers Are Open to Issuing A Digital Yen To Compete With Libra, Digital Yuan

    A group of Japanese lawmakers from the ruling party came forward with the proposal of Japan issuing its own digital currency. It seems China’s determination...

    Bitcoin’s Privacy Update Schnorr/Taproot Reaches a New Milestone

    One of Bitcoin’s biggest upgrades that will improve the privacy of the network has been published on the GitHub as BIP 340, 341,...

    BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.