Avalanche Shared Node

Despite its youth, the Avalanche network has already managed to be in the top 10 cryptocurrencies by market capitalization. The first investors who bought $0.5 AVAX coins in 2020 could sell them in late 2021 for $120 or more. This shows that the cryptocurrency community has praised the prospects of the AVAX network. AVAX coins are circulating on the Avalanche network. Of these, 360 million AVAX were sold to early investors and distributed in other ways. Another 360 million AVAXs are distributed by the Avalanche network algorithm in the form of staking fees. A technology called the Gossip Network is used to connect AVAX nodes. The easy migration of web3 apps, dapps and blockchain smart contracts from the Ethereum network to the Avalanche network is supported by the Solidity programming language. There is also a bridge to transfer tokens and other digital assets between Avalanche network and Ethereum network.

Avalanche network uses a kind of Proof-of-Stake algorithm. In practice, this means that the Avalanche crypto network relies on Avalanche validator nodes to validate transactions. For a user of the Avalanche crypto network to run an avalanche node, he will first need the Avalanche node setup. The AVAX server can have either the Ubuntu operating system or be running MacOS (Catalina or higher).

Avax node requirements are relatively low. A CPU of at least 8 cores, a minimum of 16 gigabytes of RAM and a 512 gigabyte HDD is required. In addition, Avax node requirements include locking 2,000 AVAX coins into a dedicated account. This reduces the number of AVAX coins in circulation, which increases the price of AVAX coins in the long run. If a user is not going to run his Avalanche validator node, however, he can entrust his coins to one of the existing nodes. In return, the user will receive a proportional share of the revenue. These are coins distributed by the Avalanche network algorithm in the form of staking fees. The network's commissions are burned, which reduces the total number of AVAX coins in circulation.

The broad support for blockchain smart contracts makes Avalanche mainnet a competitor to the Ethereum network. The execution of blockchain smart contracts, on which web3 apps and dApps are based, happens thanks to Avalanche Virtual Machine (AVM). The principle of AVM is in many ways similar to that of Ethereum Virtual Machine (EVM). However, Avalanche mainnet is much faster than Ethereum mainnet and commissions are much lower.

Avalanche mainnet is divided into several subnets. This is the Avalanche C-Chain (Contract Chain), which can be accessed from the popular Metamask wallet. The C-Chain is also linked via a bridge to the Ethereum mainnet. X-Chain (Exchange Chain) is designed to transfer values. The transaction fee in this network is fixed and is 0.001 AVAX. P-Chain (Platform Chain) concerns only owners of Avalanche full nodes, who receive remuneration for staking in this network.

AVAX shared nodes are especially important for developers. Since the Avalanche node setup is a difficult task even for an experienced developer, a good alternative is the AVAX blockchain node as a service. This solution removes a lot of hassle from installing and configuring an AVAX node. The developers have a powerful Avalanche API which supports a large number of commands. You don't have to configure the Avalanche full node yourself to use all the features of the Avalanche API.