Monero Dedicated Node

The Monero network, formerly called BitMonero, was created in 2014. The most important feature of the network is the complete anonymity of transactions between its nodes. It is achieved through the use of a technology called ring signature. Also, every transaction between XMR nodes involves a single pair of addresses that are not used anywhere else. The Monero algorithm called CryptoNote has built-in protection against ASIC mining. This protection is achieved through high RAM requirements. It is a way to decentralize mining. The Monero algorithm is a type of Proof-of-Work algorithm. It implies the need to mine XMR. The total number of coins that can circulate in the network is unlimited. However, as XMR is mined, the number of new coins that appear on the Monero network with each new block decreases smoothly.

The Monero network relies on a system of nodes to validate transactions. These include both light and full XMR nodes. A lightweight node becomes a lightweight Monero client, such as a mobile wallet. Light nodes are also called relay nodes because they only relay transactions between themselves. When a transaction reaches a full node, it decides whether to include it in the blockchain or discard it. The Monero algorithm does not provide financial incentives for owners of lightweight or full XMR nodes. A PC wallet (Monero client) becomes a full XMR node that stores a complete database of transactions in the network. Thus, full XMR nodes eliminate the need for archive blockchain nodes, otherwise known as Monero history blockchain nodes.

Additional anonymity of transactions between Monero nodes is ensured by using the Kovri protocol. This protocol hides the IP addresses of both the sender and the receiver of the transaction. The network protects double-spending. To prevent double-spending of the same funds, XMR nodes exchange cryptographic key impressions. Each imprint can be used by a Monero node only once. For developers creating web3 apps, dApps, and blockchain smart contracts for the network, there is Monero testnet. In it you can test the functionality of applications without the risk of losing money. The settings of Monero testnet and mainnet are almost identical. The only difference is the XMR nodes that are connected to. Coins in Monero testnet have no value.

Developers of web3 apps, dApps, and blockchain smart contracts for XMR network can't do without Monero dedicated nodes. They allow interacting with XMR clients via GUI, the CLI, and the HTTP API. It is also possible to interact with other XMR nodes.

Since the network places the highest emphasis on anonymity, connection to Monero dedicated nodes is via the Tor protocol. Transactions between nodes are done via Tor onion. Connecting the XMR client (wallet) to the Monero dedicated node is done via RPC. Since setting up Monero dedicated nodes is extremely complicated even for an experienced developer, a good alternative would be to use the blockchain node as a service. This service will remove a lot of hassle from configuring the hardware and software of a Monero dedicated node. XMR blockchain node as a service will help to fully reveal the network potential. XMR node is a server with a Linux operating system installed, at least 2GB of RAM, and a 120GB+ SSD.