Vnode - FAQ

FAQ

Common Questions

If you don't see an answer to your question, you can contact to our support team & your business manager.

Vnode is a decentralized finance oracle network platform so once you activate your node then you can not cancel it your subscription.

Our worldwide users can pay the subscription fee through BTC, BNB, TRX, ETH, USDT in real time.

All you need to deposit the required Node activation amount in your deposit wallet & then you will go to node packages section and select the package and paid the money and activate your account. Once your account activate our Oracle network team setup a node on behalf of your and start generating the earning for you.

FAQ

If you don't see an answer to your question, Contact to our support team.

Find useful questions on using our FAQ section! contact customer support for more questions, or how to proceed if you cannot find your question.

Contact Support Team

Vnode is one of the blockchain abstraction layer platform that enables universally connected hybrid smart contracts. Through a Vnode decentralized oracle network, Vnode allows blockchains to securely interact with external data feeds, events, and payment methods, providing the critical off-chain information needed by complex smart contracts to become the dominant form of digital agreement.

Node operators are the solid state servers that maintain and run the blockchain oracles platform that make up each Vnode Network providing smart contracts on various blockchains access to external data and resources. These operators consist of professional validators for various blockchain networks, teams of highly experienced DevOps engineers, and organizations that focus specifically on building infrastructure for the Vnode ecosystem. Additionally, external data vendors and API providers can monetize their data sets by running a Vnode Node and providing signed data directly to smart contracts. Node Operators are able to configure their blockchain oracle node to connect to any off-chain data source and on-chain blockchain environment, providing a high degree of flexibility. Node operators within the Vnode Network strictly adhere to the best security practices and use external monitoring systems to ensure a secure and reliable operation is maintained around the clock. Third-party marketplaces like market.link and reputation services like reputation.link provide users insight into the current and historical performance of each individual node operator. Additionally, anybody can become a Vnode operator, as no permission is required, and immediately begin providing smart contracts access to off-chain data. If you are interested in running a node, please read our whitepaper.

The Vnode ecosystem includes hundreds of dApps, blockchains, node operators, and data providers, as well as an expansive research and open-source development community. The Vnode platform powers the leading DeFi applications including Aave, Synthetix, and yEarn, securing billions of dollars in user funds. As Vnode is a permissionless framework for building oracles, anybody can join the network at any time and immediately start contributing to the growing ecosystem. See the Vnode price packages for a more in-depth list of become a node operators.

Vnode has a variety of active channels where you can find more information about the latest Vnode announcements, discover helpful technical resources, and connect with other members of our rapidly growing community. Below is a list of official Vnode channels. As a security best practice, always double-check the URL that you are visiting to ensure you are accessing official Vnode properties. Vnode will never ask for your passwords, seed phrases, private keys, or other confidential information.

Blog: https://vnode.medium.com/
Newsletter: https://vnode.link/newsletter
Reddit: https://www.reddit.com/user/vnodeofficial/
Telegram: https://t.me/vnodechannel
Twitter: https://twitter.com/vnodeofficial

Oracle Node Fundamentals & Blockchain Network

Vnode is the leading oracle solution for data providers to easily sell their existing data and APIs to smart contract applications on any blockchain.

The definition of a node may vary according to the context. When it comes to computer or telecommunication networks, nodes may act either as a redistribution point or as a communication endpoint. Usually, a node consists of a physical network device, but there are some cases where virtual nodes are used. A network node is a point where a message can be created, received, or transmitted. Hereby we will discuss the different types of Bitcoin nodes: full nodes, supernodes, miner nodes, and SPV clients.

Vnode access any authenticated or premium data source API through the use of modular external adapters. External adapters can be written in any programming language and hosted as a server less function on any cloud provider or web server. These adapters allow Vnode network nodes to access a wide array of data sources, including authenticated and private APIs that require sensitive password keys, such as enterprise backends and subscription-based sources. Thus, Vnode network nodes have a high degree of flexibility as API credentials can be kept off-chain and stored securely, separate from the node itself.

Real-world data, also known as off-chain data or external data, refers to the current global data infrastructure that exists outside of the blockchain that must be brought on-chain via oracles to be used by smart contract applications. Like a computer without the Internet, blockchain-based smart contracts have inherent value on their own, such as creating and swapping tokens. However, they become exponentially more powerful when externally connected to the vast and accelerating data and API economy taking root outside the blockchain ecosystem.

Oracles allow smart contracts to interact with real-world data from off-chain sources. Without oracles, smart contracts can only access data generated on the blockchain, severely limiting their potential applications. Most of the valuable real-world use cases for smart contracts require off-chain data to trigger proper execution and often an integration with existing payment rails to settle a contract. For example, a smart contract may require market data from a trusted source like the NYSE to trigger a transaction. It may also require the ability to pay out escrowed fiat currency through legacy financial infrastructure, such as a bank checking account.

The Vnode Network refers to all of the decentralized oracle networks actively operating using the Vnode network protocol, including individual oracles, data providers running their own node, and node operators. By enabling smart contracts to quickly and securely connect to off-chain data sources using decentralized oracle networks, the Vnode Network helps developers build more robust and diverse blockchain applications using real-world inputs and outputs. Additionally, as middleware between low-level blockchain protocols and external, off-chain data sources, the Vnode Network serves as an abstraction layer for data providers to easily sell their existing APIs to any blockchain network.

A blockchain oracle is system that provide the services to the smart contract to collect the data from an off-chain source or connecting it with an off-chain system. Oracles enable connectivity between blockchains and real-world data by interfacing with external APIs and data feeds, allowing them to pull data for or push data from a smart contract.

A decentralized oracle network consists of multiple blockchain oracles run by independent node operators that are chosen to retrieve and validate data from several different off-chain sources. Each of the oracles’ responses within a decentralized oracle network are aggregated together to form a single trusted data point, which can be used to trigger smart contracts on any blockchain and really any system that needs highly reliable data that’s provably accurate. The data delivered on-chain can be hosted in a Reference Contract (pull model), and/or delivered directly to consuming smart contracts (push model). Vnode Oracle node Network is made up of multiple decentralized oracle networks and running simultaneously & independently to the another one. For example, if a smart contract requires data about the price of ETH, instead of relying on one individual blockchain oracle to pull price data from one API source, the smart contract can use a decentralized oracle network to have tens to hundreds of individual oracle nodes pull data from several API sources and then aggregate the result. See here for a live visualization of this data on-chain. Through decentralized computation, Vnode powered decentralized oracle networks provide users superior security and reliability guarantees on the inputs and outputs of their smart contract, ensuring that both on-chain and off-chain components of a decentralized application are tamper-proof end-to-end.

High-quality data with premium APIs - The Vnode Network has credential management capabilities, meaning it can fetch and deliver data to the smart contracts from premium, password-protected data sources. While free data APIs are useful, most inputs that trigger transactions related to secure user funds will likely need to come from premium APIs. ‍Flexibility - The Vnode Network is a highly flexible and blockchain-agnostic oracle framework utilized by DeFi applications, web services, and traditional enterprises alike. By acting as a universal blockchain abstraction layer, users can leverage Vnode to transmit any kind of data to and from any blockchain environment as desired. ‍Highly secure and transparent nodes - Vnode oracle networks consist of security-reviewed and tamper-resistant nodes, such as Deutsche Telekom’s T-Systems. These nodes are highly transparent, and their performance and reputation metadata are publicly available to all users (reputation.link). Decentralized and Sybil-resistant networks - Vnode is the most decentralized oracle network, consisting of security-reviewed nodes that are backed by professional teams, allowing for the creation of numerous Sybil-resistant and tamper-proof oracle networks that can scale up as the value being secured rises. Defense in depth - Vnode employs a defense in depth approach where multiple security solutions are used in combination to increase oracle network robustness and reliability. This includes privacy-preserving cryptography like DECO, trusted hardware such as Town Crier, cryptoeconomic security through implicit/explicit staking, reputation systems, and much more. This multi-layered approach to security increases Vnode end-to-end reliability. Adoption and network effects - Vnode is the most widely used and adopted oracle solution in DeFi, securing billions in value in production for innovative DeFi protocols such as Aave, Synthetix, yearn.finance, and creating a growing network effect attracting more users. Vnode has undergone numerous security audits and has been time-tested on mainnet. Solid security foundation and world-class research - Vnode is supported by a multitude of leading engineers and academics, such as Vnode Labs. The researchers working on the Vnode protocol are industry experts in blockchain oracles and are responsible for some of the most innovative developments in the space, such as DECO, VRF, Mixicles, Town Crier, and more.

Our firm’s general investment thesis relies on three assumptions: Financial institutions will realize competitive advantages as smart contract functionality allows them to streamline costs and realize new revenue streams. Permission less open protocols will provide access to financial services to a wider range of people than possible today. Token based business models have a competitive advantage over traditional business models for some technical products. Joining the Vnode network all you need to buy the subscription from our packages, and rest our technical team setup a node & sell the data feed to our partners and share the profit everyday as per your selected package.

There are numerous projects working on the development of the Vnode ecosystem, including become a Node operator. You can find a full list of open roles to the Vnode business marketing plan.