In this article, we will talk about the topic of nodes and explain why blockchain needs them.

➡️ Nodes in the blockchain are members of a decentralized network to strengthen the network infrastructure.

In simpler terms, a node is a device (PC, laptop, server) on which a particular blockchain software runs.

➡️ The main functions of the node are:

• Store and distribute transaction information between nodes.

• Controlling the implementation of network rules.

• Maintain distributed ledgers that store transaction information.

➡️ What it takes to set up a node:

• Find a project with a paid testnet. It is preferable that the subscription process has been completed.

• Server with internet and electricity.

• Basic knowledge of node installation, updating and testing. Often, nodes for a particular project are installed by a special guide (either from the project, or from other people who have made a more clear guide).

It is important to understand that maintaining a knot is a rather long process. Sometimes, the test takes more than 12 months. For this reason, some people prefer to use rented servers.

💵 Case studies of previous contracts:

• Solana, Avax, Nair, MENA – each project awarded over $100K to early adopters.

• Moonbeam, Juno, Osmo - gave more than $40,000.

For example, someone who managed 5 Moonbeam contracts could earn more than $200,000.

However, many projects make only modest amounts, and some don't even make it to the mainnet. Therefore, it is always important to do your own research carefully.

Have you had experience with knots?