Post
Topic
Board Announcements (Altcoins)
Re: [ANN] MonetaryUnit [MUE] Quark based - Migrating to X11 & MasterNodes June 2017
by
110110101
on 03/06/2017, 21:12:06 UTC

For these services the masternode operators are paid 45% of the blockrewards, 18 MUE per block, to one masternode. The rest of the block reward, 45% gets paid to the miner who made the block, and the remaining 10% is used for funding the network, paying for contractors, developers, services etc that the masternode operators agree upon.

The governance function of the masternode operators, is very important as they are stakeholders in the network and seek to strengthen the MonetaryUnit network as much as they can. A stronger network, more services, etc are all resolved via voting as the masternode operators vote, once a month, on any proposals that have been made to the network. The votes helps resolve any issues, so we don't have any infectious discussions like the blocksize debate. The masternode operators make a vote, and that ends the discussion and we all move forward.

So, in summary, the masternodes perform technical functions on the network, and the masternode operator is allowed to vote on the path of how the network moves forward. This was just the very basics, and I have intentionally left out a bunch of details, but please ask more questions and we will try to explain further.

Thank you for the explanation. Now i'm sure that i'm on the right track by holding MUE, this is going to be big.
I'm familiar with LISK and ARK DPOS system. Is this masternode is something like DPOS, in which we received some free coins by voting a delegate pool and securing the network, or it's way much different? And how many masternodes allowed to be exist out there? In ARK they allowed 52 delegates and in Lisk is much less.

The masternode concept is different from some delegated governances in that anyone who has the required collateral may set up a masternode. There is no separation of people - no trying to buy votes or so as in other delegates syatems. Instead it is pure economics; anyone who wants may set up a masternode as long as they fulfill the requirements e.g. collateral limits.

There are no limits other than current coin supply. Dash has some 4500 active masternodes, but MUE will have far less as MUEs collateral limit is quite high; 500 000 MUE. In fact, the network becomes stronger the more active nodes there are.