Last spring I developed this habit when I was studying something of interest, and really wanted to absorb the info at a deeper level.
I make infographics of the topic, because if I have to explain something concisely to someone who doesn’t understand, or isn’t familiar, it forces me to make sure I really get it.
It’s easy if you are a reader or student like I am, to simply parrot back what you read or hear without really grasping the concept.
Anyway, I usually share these graphics on my Facebook page, and many of my friends / followers have sent me messages of appreciation.
This blog actually started as an offshoot of those graphics, so it makes sense to share them with all of you.
Today’s topic? Nodes
The crypto market has been in a bloodbath of red declines for a while now, and one question that comes up is:
“Are there good investments in cypto when the market is down?”
Not an easy question to answer because I believe your investment decisions should be based on your goals, and your situation, but…
the more you know, the better equipped you are.
Nodes are part of the blockchain tech process. In order for a decentralized blockchain to operate, there need to be processes in place to verify transactions (make sure your coins were sent, and that you aren’t spending the same money more than once), and to update the blockchain ledger.
So, even when the price of coins relative to the USD is way down, people are still using the block chain.
People are still playing games, still using their DeFi tools and other applications of blockchain tech.
Here is my cheatsheet on Nodes and a few of the Node projects that have some buzz or attention in the crypto market.
NOTE: when I was researching this, I came across quite a few rug or scam projects. Please do your research, and make sure the project is solid before investing your money. Unlike other parts of crypto, when you buy a node, you can’t pull your money out or sell if you change your mind.