Blast is making waves in the blockchain industry with its innovative solutions that enhance and streamline blockchain interactions. This article delves into the unique technologies and features that make Blast a standout platform, applicability in various sectors, and step-by-step guide “How to run a Blast node” with NOWNodes.
What is Blast?
L2s today do not have this yield. Incorporating ETH and stablecoin yield natively requires a new L2 designed from the ground up. Blast is an EVM-compatible, optimistic rollup that raises the baseline yield for users and developers without changing the experience cryptonatives expect.
Blast is the only Ethereum L2 with native yield for ETH and stablecoins. Blast yield comes from ETH staking and RWA protocols. The yield from these decentralized protocols is passed back to Blast users automatically. With NOWNodes it aims to simplify the management and operation of full nodes, making blockchain technology more accessible to developers, businesses, and enthusiasts.
Key Blast Features
Auto Rebasing
Blast’s platform introduces native rebasing for ETH directly on Layer 2 (L2). Unlike WETH, STETH, or other ERC20 tokens, ETH balances in Externally Owned Accounts (EOAs) automatically rebase. Smart contracts can opt-in to this feature, simplifying deployment for existing DApps on Blast without modifications.
Blast’s native stablecoin, USDB, also features automatic rebasing for both EOAs and smart contracts, although smart contracts have the option to opt-out if desired.
L1 Staking
Blast was made possible by Ethereum’s Shanghai upgrade. The ETH yield from Layer 1 (L1) staking, initially sourced from Lido, is automatically distributed to users through rebasing ETH on L2. The Blast community will have the future capability to either supplement or replace Lido with Blast-native solutions or other third-party protocols.
T-Bill Yield
Stablecoins bridged into Blast are converted into USDB, which auto-rebases. The yield for USDB is derived from MakerDAO’s on-chain T-Bill protocol. When users bridge back to Ethereum, USDB can be redeemed for DAI. The Blast community may eventually choose to supplement or replace MakerDAO with Blast-native solutions or other third-party protocols.
Gas Revenue Sharing
Unlike other L2s that retain gas fee revenue, Blast programmatically returns net gas revenue to DApp developers. These developers can either keep the revenue or use it to subsidize gas fees for their users, providing a more economical solution for DApp operations.
How to run a Blast Full Node with NOWNodes
If you are looking for a more user-friendly and hassle-free way to run a Blast Full Node (Mainnet), you might consider using NOWNodes. We offer a range of services that simplify the process of running a node, allowing you to focus on your core objectives without worrying about technical complexities.
First of all, you can obtain access to the Blast via using your personal API key for Blast here, which you need to create in your profile page.
Get your personal Blast API key
- The first step is to Sign up for your personal account by simply using your email address. The email address is the only thing you need to use the NOWNodes service.
- Then you will see all the available pricing options. You can choose the free tariff plan to access and test the Blast with ease. If you have a major project then you can choose any of the paid plans, according to your needs.
- (This step only applies to free tariff plans). On the free tariff plan, you will be asked to choose 5 blockchain networks, which you are willing to use. Choose a TON network of the 99+ available blockchains.
- Then you need to navigate to the “DASHBOARD’’ in your account and scroll down the page. There you will see the button “ADD NEW KEY”. Just push the button and your API key will be ready to use.
- You can use this API key for all the available methods mentioned in NOWNodes’ official documentation.
Voila, everything is done. The only thing left is to integrate your Full Blast Node access into your platform. Whether you are a developer, a business, or an individual, NOWNodes Web 3 SaaS provides you with a convenient solution for running a Blast node.
Current Applications of Blast
Blast is applicable in various sectors, leveraging its advanced blockchain technologies to offer efficient and secure solutions. Here are some key areas where Blast is currently being utilized:
Decentralized Finance (DeFi)
- Supporting DeFi applications with robust infrastructure for smart contracts, token transactions, and decentralized exchanges, ensuring low-latency and high-throughput transactions.
Enterprise Blockchain Solutions
- Integrating blockchain technology into business operations, ideal for supply chain management, financial services, and digital identity verification, ensuring transparency and security.
Cryptocurrency Wallets and Exchanges
- Benefiting from high-security protocols and efficient node management, offering safe and fast transactions. Multi-chain support allows seamless handling of multiple cryptocurrencies.
NFT Platforms
- Providing reliable and scalable infrastructure for NFT platforms, facilitating minting, trading, and management of NFTs with cross-chain compatibility.
Blockchain Gaming
- Managing in-game assets and transactions with high performance and low latency, essential for maintaining a seamless gaming experience.
Research and Development
- Empowering developers and researchers to experiment with new blockchain applications using customizable node configurations and comprehensive developer tools.
Conclusion
Blast is designed to provide higher yields and better financial returns for users by integrating ETH and stablecoin yields directly into Layer 2 (L2) solutions. This helps users avoid losing money to inflation, which is not addressed by current L2 platforms. NOWNodes is transforming blockchain technology by offering high-performance nodes, advanced security measures, and user-friendly interface.
For more detailed information, you can visit the Blast website.
