“Crypto in the box” is one of the trending innovations in the blockchain space right now. This involves the development of pre-packaged, cost-effective, and plug-n-play blockchain node devices. These devices can be purchased by consumers and they can use them at their homes. This would increase the resiliency and strength of digital currency networks.
One of the ways crypto networks gain value is via the number of nodes on the network. As such, anything that cost-effectively boosts the number of nodes in any network is seen as a long-term value driver. These devices come in different types. In this article, we are only going to talk about three of them.
The First Type: For Passionate Believers
Interestingly, the first kind of “crypto in a box” is here already. The Casa Node is probably the best example. It is worth $300, which is relatively cheap. With this, you can enhance the growth of the LN as well as the future of Bitcoin (BTC). There is no return on investment in running nodes like this. This is extremely crucial for getting the next stream of believers into the network.
The Second Type: Faster Developer On-Ramping
This is the second type of blockchain node devices, and it is something like Ava.do. This device comes pre-packaged with the node of a certain network, say ARK or SingularityNET, or any of the wide range of options out there. It would be very valuable for developers that find the project very interesting but don’t want to spend much time doing some configurations before developing and testing apps. Other projects can even partner with Avado to create co-branded devices.
These devices can be bought by developers. They can also rebate them after achieving some milestone. At the moment, one can only purchase an Avado device with the DAI stablecoin.
The Third Type: Return of Investment for Home Consumers
The third type of pre-configured blockchain node devices can promise a return on investment (ROI). The device will target mainstream consumers. Coinmine is one early example of this. Coinmine devices provide individuals a plug-n-play way to take part in Proof of Work mining algorithms such as Ethereum and Zcash. You choose the ones you want to mine and use an application on your mobile devices to switch between them.
As the value of these devices become more pocket-friendly, it is likely that more of them will be produced in the future. Some sure candidates include OpenGarden (mesh WiFi), Alethea, or Gladius. Gladius is aimed at taking advantage of unused home bandwidth to build out CDNs and prevent DDoS.
Web 3.0 requires a decentralized system. There are a limited number of qualified technical enthusiasts and software engineers out there to meet this demand. A lot of project teams are moving away from basically depending on the libraries of Python and developing installers for Windows and Mac. While this makes things much easier, they also need to focus on protocol security, functionality, and governance.
Bitcoin (BTC) Price Today – BTC / USD
At the time of writing, Bitcoin (BTC) is changing hands at $3,790 after a decrease of about one percent over the past twenty-four hours. The digital currency currently has a market cap of $66.70 billion and its trading volume over the past twenty-four hours is $7.89 billion.