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Slowly and steadily, we are laying the building blocks toward a future of complete decentralization since blockchain technology and cryptocurrencies are continuing to take the world by storm. Still, now, the reality is that a centralized entity controls a major portion of blockchain. The following statistics will make it clear.
AWS holds about 61.6 percent of Ethereum nodes and controls about 32 percent of the market.
However, all is not over yet since OMNIA is here to the rescue, which plays a significant role in conveniently creating an effective solution to the problem. OMNIA comes with exceptional academic and security research skills to develop a technical solution in the form of OMNIA Protocol.
To learn how OMNIA is different from the basic blockchain nodes, it becomes important to understand both concepts clearly.
Understanding Basic Blockchain Nodes
A blockchain consists of numerous blocks of data which are stored on nodes and are referred to as blockchain nodes. The blockchain nodes are connected to each other, and there is a continuous exchange of new information among each other on the blockchain. This, in turn, makes sure that each of the blockchain nodes is updated. The nodes play a significant role in storing, spreading, and preserving blockchain data. It can be rightly said that blockchain exists on nodes. Therefore, the nodes happen to be the framework of a blockchain.
Functioning of Blockchain Nodes
At the time when a miner tries to add a new block of transactions to the blockchain, the nodes help transmit information about the block to each of the nodes on the network. These nodes can either accept or reject the new block of information depending on the basis of the validity of the signature and transactions of the new block.
If the new block is accepted by the node, it saves and stores that block on top of the other blocks that it has already sorted. In the case of rejection, no saving and storing occurs. Nodes help in saving and storing blocks of transactions or the transaction history of the block. Nodes broadcast and spread this transaction history to the other nodes that might be required for synchronizing or updating with the blockchain.
A Brief on OMNIA
OMNIA is nothing but a decentralized infrastructure protocol where any users are allowed to join and expand the network for rewards. Due to its decentralized nature, it is impermeable to different types of attacks. Moreover, there is no single point of failure, and hence blockchain applications or any integrated wallets will never ever be offline.
At the same time, OMNIA can strengthen off-chain privacy, making the best use of the advanced and reliable technology of mixnets. OMNIA happens to be a decentralized blockchain node provider which efficiently and effectively deals with the problems of centralization.
How Does OMNIA Work?
Presently, the infrastructure of the blockchain nodes happens to be centralized in nature. This, in turn, poses many threats to the entire ecosystem. Data, privacy, and security are at risk each time a user accesses the blockchain. In this regard, the solution from OMNIA is truly decentralized in nature, thereby taking care of the problems as a result of the previous centralization of blockchain. Let us briefly walk through the working steps of OMNIA.
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The infrastructure of OMNIA consists of blockchain nodes as well as privacy relayers.
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In the next step, the node owners register their nodes via an extremely simple web interface provided by OMNIA.
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Privacy relayers then play a vital role in indexing these nodes and make use of a mixnet to make sure that there is adequate protection of privacy in the best possible manner.
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Then the users access the blockchain through RPC endpoints for any of the networks supported by OMNIA.
Now, the working process of OMNIA is clear, thereby making it easier to understand.
A Comparison Between OMNIA and Basic Blockchain Nodes
Now that we have a pretty clear idea about what basic blockchains nodes are and their working process. Additionally, we are also clear with what OMNIA is and how it works. So, we are now ready to draw out a comparison between the two to better understand the differences between them.
The difference between basic blockchain nodes and OMNIA lies in different points that are discussed below.
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Decentralization
Basic blockchain nodes have very low decentralization that they are centralized in nature. Hence, there is an involvement of a central authority that controls the network. On the other hand, OMNIA is highly decentralized in nature and does not involve any kind of a central controller or authority that monitors or controls the network.
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Privacy-Centric
There is no privacy in the basic blockchain nodes, and there are high chances of exposing private data and information. However, OMNIA is completely privacy-centric, allowing no scope of private information and data leaking.
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Security
Security is compromised in basic blockchain nodes, whereas OMNIA comes with high security, and hence there remains no reason to worry about threats or attacks.
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Metadata Obfuscation Method
The basic blockchain nodes have access to the metadata of the users meaning that although the transactions happen to be technically anonymous, particular transaction behaviors can be used for the purpose of linking users' blockchain activity to their identity.
On the other hand, OMNIA does not collect any metadata of the users because the traffic goes through mixnets. Mixnets actually come with mix nodes that absorb the users' data, shuffle it with data from other different users, and then throw everything out in random order to the next mix node. Therefore, only one node has information from two nodes lying adjacent to it. After data travels through a number of nodes, it will not be possible to know anything about users' activity.
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Blockchain Requests Monitoring
In basic blockchain nodes, monitoring takes, and hence the privacy of users is vulnerable. However, in the case of OMNIA, there exists no monitoring, and hence there is no question of privacy being violated.
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Technical Knowledge Requirement
A medium level of technical knowledge is required in the case of basic blockchain nodes, but the requirement of technical knowledge in the case of OMNIA is very low, which makes it very easy to use.
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Node Owners Rewards
There are no rewards for node owners in basic blockchain nodes, but OMNIA offers a hundred percent rewards to the node owners.
Conclusion
After reading through the post, the differences between basic blockchain nodes and OMNIA are pretty clearly understood. With its decentralized nature, it is highly secure. Moreover, setting up nodes is very easy with OMNIA that requires little time and effort. OMNIA is still new, and it is expected that it will further evolve in the time to come to offer superior benefits to users.
Author Bio
Ritam Chattopadhyay is a seasoned writer with over half a decade of experience in professional content writing. Ritam's expertise in content writing has enabled him to work with clients globally on different projects. Presently, he is working with SoluLab, a premium IoT, AI, ML, and blockchain development company where he handles multiple projects as a content specialist.
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