NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

Blockchain Networks Featuring Smartphone Compatible Nodes Are Gradually Changing the Game for Small Players

NewsBTC
NewsBTC
3 years ago
3 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

The crypto ecosystem has positioned itself as a disruptive niche to the centralized, traditional finance architecture. This upcoming decentralized market is based on blockchain technology, whose fundamental infrastructure is supported by several nodes instead of an overarching central authority. Blockchain nodes can be compared to small servers – their primary role is to store the blocks of data that make up a blockchain network.

These decentralized nodes are connected and facilitate the exchange of the latest blockchain data for the network to stay updated. Simply put, nodes are the support system of blockchain environments. While the concept may sound technical, a node can be a computer, laptop, or other devices, including smartphones. Today, we have many blockchain networks such as Bitcoin, Ethereum and Dogecoin whose operations are facilitated by node validators.

Node Validation

The process of node validation involves allocating resources such as memory and computational power to store data and verify transactions that are added to a blockchain network. For instance, the Bitcoin blockchain uses a Proof-of-work (PoW) consensus, requiring miners to allocate resources for transaction validation and secure the network.

In return, the miners are rewarded with network rewards for each block added to the blockchain. Currently, the network reward on the Bitcoin network is at 6.25 BTC following the May 2020 halving. Similarly, Ethereum and Dogecoin blockchain networks depend on node validators to function effectively.

There are two major types of nodes; complete and lightweight. The former enforces all the rules of a particular blockchain network, while the latter references data from the full blockchain nodes. With lightweight nodes, users can run a node without storing the entire block data. However, these nodes are not as trustless as full nodes.

An Expensive Affair for Small-time Players

Running a blockchain node can be pretty expensive for small-time players despite being a lucrative opportunity for crypto stakeholders. The Bitcoin blockchain, which is currently the biggest, requires at least 2 gigabytes of memory and 500 gigabytes SSD or HDD. In addition, node validators require a fast internet connection of at least 50 Kbps, not to mention that Bitcoin’s blockchain scales at an average of 1 GB every week.

Even meme networks such as Dogecoin are still out of the reach of most stakeholders looking to run a full blockchain node. Dogecoin’s network requires node validators to have at least a free disk space of 50 gigabytes and 2 gigabytes of memory (RAM). This is quite a stretch for the majority of the world’s population, given that only a few have access to sophisticated devices that can handle node validation.

It is no surprise that environmental advocates have been criticizing the energy used to mine PoW cryptocurrencies such as Bitcoin. Tesla’s Elon Musk was among the leading critics. The company withdrew from its position to accept Bitcoin payments until miners prove that over 50% of the energy comes from clean energy.

Switching to Alternative Blockchain Networks

Today, the blockchain ecosystem has evolved to feature several networks where users can run cost-friendly nodes. Protocols such as Minima Global introduce ultra-lean blockchain environments that can fit on IoT or mobile devices. This decentralized network creates the possibility of an inclusive, scalable, secure and resilient blockchain protocol by allowing users to run full constructing and validating nodes from their smartphone devices.

With the number of smartphone users globally currently at 3.8 billion, Minima taps into the potential of this burgeoning market to further decentralize its blockchain network. In doing so, the protocol has created the possibility of a censorship-resistant blockchain network that is truly autonomous and accountable.

Wrap Up

For a long time, the traditional financial market has had to deal with the shortcomings of a centralized ecosystem. Some of which include limited access to financial services due to cumbersome KYC processes and other nuances. Cryptocurrencies are changing the narrative by introducing a decentralized ecosystem where everyone globally can participate in one way or another.

This paradigm shift requires efficient supporting structures, starting with nodes that form a core part of blockchain environments. Therefore, it is only logical for crypto stakeholders to make node validation a cost-friendly affair. This will improve the chances of scaling the decentralized aspect of existing blockchain networks.

That said, upcoming blockchain designs featuring smartphone compatibility could provide a solid solution. Essentially, building blockchain networks with mainstream adoption in mind will likely hasten the growth of decentralized networks. Furthermore, smartphone-compatible blockchain nodes offer a significant value proposition to small-time players that have been victims of the current system.

Image Source: Pixabay
Tweet123Share196ShareSend
NewsBTC
NewsBTC

NewsBTC

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Theta Network Welcomes Prestigious Hongik University as the 21st Academia Customer of EdgeCloud Hybrid

Theta Labs, the leader in decentralized cloud infrastructure for AI, media, and entertainment, today announced that the High-Performance Data Processing...

News BTC 5 days ago

FUNToken’s P2E Model Isn’t Just a Game: It’s a Scalable Digital Economy

FUNToken is going beyond basic play-to-earn mechanics by laying the groundwork for a scalable digital economy that targets the global...

NewsBTC 6 days ago

What FunToken movement towards a 500% spike says about the scarcity market psychology

FUNToken made an almost historic announcement on June 19, 2025, wherein the company announced a fixed tokenomics, with its supply...

News BTC 1 week ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Web2 Habits, Web3 Rewards: How FUNToken Makes Crypto Feel Natural

News BTC 1 day ago

From Inflationary Noise to Deflationary Wave: FUNToken’s Turnaround Story

News BTC 3 days ago

FunToken’s F2P Model: The Missing Link for Crypto Adoption

News BTC 4 days ago

Premium Sponsors

Press Releases

  • アルトコイン急騰の今買うべき仮想通貨プレセール

    ...

    4 hours ago
  • 仮想通貨おすすめ|強気市場で爆発的成長が見込まれる注目のミームトークン

    ...

    4 hours ago
  • BTC最高値更新の中で注目される新たなレイヤー2プロジェクトが狙う仮想通貨1000倍の可能性

    ...

    4 hours ago
  • ビットコインが11万8,000ドルの最高値を記録する中で注目すべき仮想通貨プレセール

    ...

    1 day ago
  • 仮想通貨 おすすめ|急騰するDogwifhatとFartcoin、注目の低価格ミームコインとは?

    仮想通貨...

    1 day ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.