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Overview

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 With limited resources and no financial incentive, many nodes run out-of-date software, maintain incomplete blockchain histories , and are intermittently off-line.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…


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StrongBlock is excited to present the details of its “Nodes as a Service” (NaaS) offering. This initiative allows anyone to create a Full Ethereum node in a few seconds with no technical expertise.

In addition, a number of updates have been made to the protocol to reduce Ethereum gas fees and inflation. These changes require a migration from current mining pools to new ones. Most of this will either be done for you, or a tool will be provided. Details follow.

Nodes as a Service

Since the launch of the StrongBlock DeFi node protocol, over 350 nodes have been registered for rewards by the…


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StrongBlock is pleased to present the details of its STRONG governance token allocation and Tokenomics for Version 2 (V2) of the protocol. This new approach includes burning 94% of the original 10,000,000 minted STRONG by December 1, 2020, leaving a maximum supply of approximately 535,000 STRONG.

Token Overview


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We are pleased to announce the release of StrongBlock DeFi V2. The protocol will continue to be governed by the STRONG token. Released just 3 weeks after V1, V2 brings agility and flexibility to the protocol. V2 is the foundation on which features can be easily added via governance and community input.

V2: A New Approach

DeFi with a Purpose — supporting blockchains by rewarding blockchain nodes with the STRONG governance token — is still the protocol’s core mission.

To increase community support for that mission, V2’s new approach significantly reduces inflation, adds deflation, and better aligns rewards. …


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When the StrongBlock DeFi protocol launched just one week ago today, on September 29, 2020, several issues became immediately clear.

  1. Rewards for pre-launch STRONG holders were too low for their considerable skin in the game
  2. Rewards were too high for ETH and LINK miners
  3. Lockup times for rewards were out of sync with risk and participation
  4. The governance model did not allow for rapid adjustments to fix 1–3

We made some mistakes. We’re rapidly making changes to address them. These include making governance flexible and agile, rewards harder to earn, and introducing deflation.

Our pre-launch STRONG holders will get an…


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We are excited to announce that StrongBlock has successfully integrated Chainlink’s LINK/ETH and ETH/USD Price Reference Data live on mainnet to determine daily and periodic STRONG mining reward distributions. Thanks to Chainlink’s high quality data and decentralized network infrastructure, we can provide even greater assurances that all mining rewards will be accurately and transparently calculated and distributed to StrongBlock miners without any single point of failure.

StrongBlock was founded in 2018 by a team of blockchain tech executives to further blockchain adoption through products such as its Blockchain-as-a-Service protocol, released in February, 2020. …


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We are pleased to announce that Hacken, a premiere cybersecurity company with a focus on blockchain security, has successfully completed its audit of StrongBlock’s Smart Contracts. Completion of the audit paves the way for the September 29, 2020 launch of StrongBlock’s DeFi protocol.

The StrongBlock “DeFi with a purpose” protocol is the first to reward participants for working to improve the quality of public blockchain performance. The rewards are earned by mining with ERC-20 and STRONG tokens in the protocol, and are shared with ranked blockchain nodes. …


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StrongBlock’s DeFi Protocol rewards nodes running the latest stable version of Ethereum, who exhibit reliable uptime, and have few to zero outages. Existing and new nodes are welcome to apply. Details follow.

Introduction

There are two core elements to a blockchain: miners and nodes. Miners are compensated, nodes are typically not. With no monetary reward, there is a high risk for the public blockchains they support.

To address this risk, StrongBlock has created the StrongBlock Community DeFi protocol, incentivizing nodes to perform better, using the STRONG Governance token, a standard ERC-20 token.

StrongBlock believes that all governed, decentralized protocols must reward…


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NOTE

As of 10/22/2020, the Tokenomics in this paper are obsolete. To date — and aside from 28k STRONG in early August — no team or shareholder tokens have been unlocked or sold. 400k STRONG were moved from team and shareholder wallets and used to vote for proposals on V1 governance to prepare for the transition to V2. They will be sent back to their respective wallets when the proposal is accomplished. A replacement Tokenomics paper is being prepared for V2 that will include deflation and other measures as described in the DeFi V2 posts.

StrongBlock is pleased to present the…


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Abstract

There are two core elements to a blockchain: miners and nodes. Miners are compensated, nodes are typically not. With no monetary reward, there is a high risk for the public blockchains they support.

To solve this, StrongBlock has created the StrongBlock Community DeFi protocol, incentivizing nodes to perform better, using the STRONG Governance token, a standard ERC-20 token.

Think Compound for blockchain nodes. Instead of liquidity pools, nodes mine for STRONG. …

StrongBlock.io

Combining the demand for high quality public blockchain performance with powerful DeFi Tokenomics.

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