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 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.