RE: What do think about Steemit CEO Ned Scott's announcement that over 70% of Steemit Inc. has been laid off due to a lower bottom of the market than was projected?
Close but off by an inch.
Witness nodes, sign blocks as valid and store them in the sequential chain.
Seed nodes are the arbiters of the ledger sequence number of the moment, consent to it and issue to the rotating witness receiving the next block to validate, ensuring a witness in rotation always has the next valid block id number.
Missing from your definition, but the one you actually mean, is what we call RPC nodes, short for Remote Procedure Call nodes. These are the middle men between dapps and the chain witness and seed nodes. All have to agree on block ids and contents, and both rpcs and witnesses contain full copies of the chain. These are the heaviest metal in the mix, and we have very few of them available due to their uncompensated expense.
Thanks! TIL..
So all 3 are equally important but only 1 type gets paid by the Blockchain, that's a scary thought.
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Yeah tell me about it, Ive had two witness servers for nearly 18 of my months here, and further actually wrote a business plan to create RPC nodes as a subscription service for dapp builders, but frankly can't afford to rent them for a business that they probably won't pay for until freeloading is not an option, at which point ,as discussed herein and as is apparently starting to happen, it would be a day late, eh?
I think a Steemian said somewhere in this whole comment thread that "people will need to pay to get connected to RPC nodes, they just don't know it yet".
Yea i'd say your business plan would do well to sit prepared for the right timing.
Thanks for that boys.