Everyone Hereby Please have a ear and eyes over this,
We implemented a new concept, and we named it as Fundamental Node, also we are working on new protocol and named it burnt proof, similar to proof-of-burn, but it is different, since "Proof-of-burn" name is already reserved we say it "Burnt-Proof"
The main difference between masternodes and "fundamental nodes" is , in masternodes , you lock your coins wallet, and this helps network, however you can later spend your coins, on promise that you no longer earn a masternode reward. But, in Fundamental nodes, you have to send a special transaction to yourself which destroy your coins, and you will came up with a proof that YOU destroyed your coins, and now by submitting this proof you will get privilege and will earn rewards, this create a trust on network, (Proof-Of-Trust), the rewards here is came from block, as in masternodes, since, the block rewards are some short of random, this means the fundamental node rewards are random you can compare it with lottery, you can get 20 million coins in one shot, just by destroying 2.5 million coins.
The need of this system came from very high inflation, this method will reduce the circulating money supply as well as total money supply. Till now burning means sending funds to an invalid address, so that they can't be spent or used by anyone, this method is good, but this doesn't change total money supply, but Fundamental node payment does it.
We will soon release a white and yellow paper for it.
Ok, I like the idea of Proof of Burn or Burnt Proof, however we like to call it, because it is a good solution to the current main problem of inflation, but I am not that keen of the idea of 'lottery' rewards.... Why cannot it be implemented like in other masternodes, a fixed amount per block? I don't understand that. It could be very unfair, since some could collect many rewards and then others none at all... I hope it will be thoroughly explained, but still don't like this idea at all. It will lead to unfair distribution.