Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [XERO] XEROM [ETHASH] [Decentralized Masternode protocol]
by
fallengravity
on 14/08/2019, 05:50:19 UTC
It's been approximately 5 hours since the Decentralized Node Protocol was activated at Block 300,000. We've been monitoring closely and are happy with the stability of the network & the protocol is functioning properly. We have picked up on a few areas which could use improvement but overall we couldn't have asked for a better result. With this in mind, I thought I'd share some facts about node activation & the protocol which vary from the norm.

1.) When you set up a node - your collateral is removed from your wallet & stored in a smart contract. We do this as it is the safest way to validate collateral in the new protocol.

2.) When you remove your node using the web-wallet or dashboard the collateral deposited to the smart contract will be returned to you.

3.) Nodes do not receive a large lump sum of rewards once per day, instead, they receive rewards pseudo-randomly throughout the day - This is why ensuring you have good uptime is important.

Thank you.