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Pi Network News: Huaihua Wangfu Hotel Being a Pi Node in China
Posted on the 28 January 2022 by Mark Angelo @yourpieceofpi_Huaihua Wangfu Hotel has set up a professional installation service team for node construction. Why is faiyu a π node in China? What are the benefits of being a node?
A blockchain node is usually a computer in a blockchain network, i.e. any computer connected to the blockchain network (including mobile phones, miners, etc.) is called a node. For example, the Bitcoin network is a public chain, and when a user runs a Bitcoin program on their networked computer, the computer becomes a node in the Bitcoin blockchain network. Refers to the computer that has downloaded the node software of the corresponding cryptocurrency to participate in the P2P network.
Role of NodesA centralized website or Internet application software platform depends only on a few centralized servers. As long as the servers are blocked, the website cannot be opened and the platform is inaccessible, which is equivalent to bankruptcy. Blockchain is the soul of Bitcoin, and each node is a small server that is densely distributed around the world and maintains the operation of the public chain. With over 10,000 nodes distributed around the world, they are still safe and healthy despite multiple hacking attacks historically.
For the Pi Network, we have nodes all over the world to protect the safe operation of our data, and no country or institution can block them. Economic Conflict Between States Under the influence of war, ordinary merchants suffered from foreign trade! Whether information on the public chain is more beneficial or harmful, whether online or not, is not determined by the institution, but by the autonomy and fair voting of the community!
Users who build nodes can not only contribute to the secure operation of π network data, but also earn continuous revenue. The most common transaction fees for sharing transactions are EOS nodes. Annual transaction fee dividends amount to tens of millions of dollars, and annual earnings exceed those of many small businesses.
The advantage of sending network project parties to nodes is that it boosts mining computing power and rewards users with more mined coins! Since the beginning of 2020, many Pi friends have been invited to KYC, most of them are users who have applied for or are running nodes! The computing power obtained by users running the node may be disclosed in advance. Only when nodes are guaranteed to be profitable can the network continue to evolve. The same goes for all public chains. This is for sure! When Pi's official distribution shopping or peer-to-peer transfers create value, node users earn revenue through transaction fees.
Worldwide, there are over 100,000 computers testing and running π nodes, of which nearly 20,000 have opened consensus containers. The picture above is still far ahead of China with π-node ranking data from two months ago. The latest data shows the number of nodes opening consensus containers in China.