Tezos Dedicated Node

The Tezos network is a relatively young project, founded in 2018. The software code of the network Tezos is written in the Ocaml programming language. The coin in Tezos network has the designation XTZ. The bulk of XTZ coins, 10 billion pieces, were created at the same time, at the launch of the Tezos network. The Tezos algorithm provides for an increase in the number of XTZ coins in circulation, by about 5.5% per year. Since Tezos is a variant of the DpoS (Delegated Proof-of-Stake) algorithm, XTZ mining is not possible. Instead, XTZ coins can be earned by leasing your coins to one of the Tezos nodes with validator rights. The Tezos algorithm distributes the reward according to the number of XTZ coins that have been leased to a Tezos node for validation. XTZ coins are used not only to make money on staking, but also to vote for the future direction of the project.

The Tezos network relies on XTZ nodes to validate transactions. In the Tezos network, they are called backers. You must have at least 8000 XTZ coins in your balance to become one of the trusted XTZ dedicated nodes with the right to confirm transactions. Also, a trusted Tezos node must have at least 8 gigabytes of RAM, high network bandwidth, and constant network availability. A trusted Tezos dedicated node cannot spend other users' coins that have been passed to it for staking. If an XTZ node behaves maliciously, however, the Tezos algorithm will disconnect it from the network. The need for users to keep coins to earn money from staking contributes to Tezos price.

The Tezos network differs in many ways from other cryptocurrency networks that use the Delegated Proof-of-Stake algorithm. It has three levels, each of which can be modified individually without resorting to hard forks. Transaction level - at this level, XTZ coins are transferred between Tezos nodes. Tezos network layer - where the web 3 apps, dApps and blockchain smart contracts. And the consensus layer, where new transactions are voted on and included in the Tezos blockchain. Like the Ethereum network, the Tezos network uses the gas parameter to account for the computing power required to execute web 3 apps, dApps and blockchain smart contracts. The cost of gas in the Tezos network is lower than in the Ethereum network. The gas cost can be found out before the blockchain smart contract is executed. Interactive zero knowledge proof (NIZKPK) and ring signatures are used to keep transactions between Tezos nodes private.

GetBlock provides access to both shared and dedicated XTZ nodes. Developers can't do without Tezos dedicated nodes when developing web3 apps, dApps and blockchain smart contracts based on Tezos blockchain. Web3 apps, dApps and blockchain smart contracts for the Tezos network are written in the Michelson programming language. This language is structured to make the logic of blockchain smart contracts as clear as possible. Tezos network also supports libraries for Pascal, Ocaml, ReasonML, Python and other programming languages. Before launching web3 apps, dApps and blockchain smart contracts in Tezos mainnet, developers can test their functionality in Tezos testnet. This will avoid the risk of losing money, since coins in Tezos testnet have no value. Developers have a wide range of powerful Tezos APIs at their disposal. They support different kinds of Tezos endpoints. There are also REST API, WebSocket API, JSON RPC blockchain API, and other developer tools. Combined with Tezos dedicated nodes, they allow you to unlock the full Tezos potential. Using dedicated nodes is a great way to save developers time and effort.