At the end of last year, when I cleared my crypto assets, I came across the coin of that privacy public chain I invested in 2022. At that time, I was fooled by their hype of "military-grade ZK encryption security" and invested 20,000 U. As a result, less than half a year later, due to 60% of the nodes on the entire network being concentrated in 2 mining pools, it fell victim to a 51% attack by hackers, and the coin price dropped to zero. I was so angry that I deleted all the screenshots of my holdings. At that time, I understood that the security of a public chain is never about how powerful the encryption algorithm is hyped, but whether the foundation of the nodes is solid enough.
I happened to come across the first batch of node lists released on the 17th of the month by @MidnightNetwork 2. When I saw names like Google Cloud and Blockdaemon, I stopped smoking —— there are indeed people working on public chains who weld the security foundation from the start, rather than those flashy encryption gimmicks. Previously, when reading the white paper, I saw that they planned to establish a federal multi-signature committee in the early stages, and I rolled my eyes, thinking it was too conservative. Now I understand that having these top global security service providers come together to do multi-signature fundamentally eliminates issues like single node crashes or private key leaks, making it much more stable than projects where all nodes are held by a few mining pools.
Additionally, their block reward mechanism, when I first read the white paper, I complained that this fixed income model was not exciting enough. Now I understand that this standardized, directly distributed income from the reserve pool ensures that nodes do not have to compete for transaction fees, and the operational costs are completely controllable. That’s why big players are willing to get involved; after all, what they want is stability, not to gamble on market trends. #night
I know there will definitely be people arguing, "Isn't it just finding a few big players to stand on the platform?" But I am really fed up with those projects that shout about "absolutely decentralized security," only to have all their nodes in their own team’s hands. I checked the official Discord, and just a week after the list was released, already more than a dozen top-tier cloud service providers are inquiring about the application thresholds for the second batch of nodes, with even veterans from the security circle who have collaborated before sharing this list.
I have already saved this node list in my long-term holding observation folder, and I will keep it nearby as a reminder. For us ordinary users, the safety of the chain has never been about how many powerful technologies are hyped, but whether there are truly capable people guarding the baseline for you, without having to worry about going to zero every day. $NIGHT
