is there MN for b3
The B3 Coin version of a master node is called a Fundamental Node and while it performs much the same function for the B3 network as a master node would, it differs in on main factor, and that is Proof of Disintegration. In the more usual Proof of Burn methods, coins are only locked away in a wallet ... still existing on the blockchain where at some point in the future, either through malicious intent or error they might be unlocked and released back into circulation. Proof of Disintegration (PoD) is an innovative method of reducing a coins supply by completely removing coins from the blockchain - they are gone forever.
When you buy a Fundamental Node, the fee (15,000 kB3) is disintegrated.
For more information on the process involved in creating a B3 Coin Fundamental Node, come to the Discord - FN Discussion channel and read through the prepaired material and ask questions of the B3 Team Technical Support people as well as other helpful community members.
https://discord.gg/z57BmgxThis is the first time that I've heard of Proof of Disintegration. It is quite an interesting concept and seeing it being applied in a Masternode, in which, turned it into Fundamental Node provide utmost curiosity for myself.
That is indeed an innovative take on the ever growing supply of B3coin. I just would like to ask if the Fundamental Node is still providing reward just like a normal Masternode would do? Other than the PoD that it implements, what are the major difference compared to other typical Master Nodes?
Well, first, yes FNs do provide reward for creation/operation. B3 Coin is a Proof of Stake coin. A wallet containing coins that is unlocked for staking generates a return (the larger the balance in the wallet, the sooner its chances of generating a reward). That reward is shared with one of the FNs in the FN queue - 40% going to the staking wallet,and 60% going to the FN - then that FN goes to the end of the queue, and the next FN is up. The staking rate is currently 20% annual, although, while staking rewards are pretty easy to calculate, the reward the FN receives is based on what staking wallet it happens to pair with (to get an idea of the rewards you can check out this list
http://107.173.250.118:8080/FN_Rewards). How often you get an FN reward is determined by how many FNs there are (presently a little over 1300) and how often blocks are generated (about 240/day)
As far as the major difference with conventional master nodes, it would probably be that Fundamental Nodes disintegrate the coins used to create them, which means you have it forever, and make it more of a long term investment. Conventional master nodes require that the coins used to create be only locked away, and can be unlocked and shut down at the discretion of the owner.
Hey, thanks for the detailed explanation. It really provided the information that I need and answered the questions in my mind. My thought regarding FN is correct and in line with what you said and is further explained by the technicalities that you provided in your reply. Looking forward in creating my own FN in the future. I'm quite fascinated by the conventional MNs and have setup several of them in the past. Will likely to setup one for FN. I'll assume that all information needed for to do that is located in their discord channel, right?