A small misunderstanding regarding Darkcoin's masternodes:
It's completely decentralised. This is an improvement on the masternode (generic term: supernode) for two reasons:
- you don't create supernodes, which are big attractive targets for hackers
- you don't doubly incentivise hackers by requiring a large amount of coins be kept at a supernode.
Darkcoin's masternode doesn't have to hold the coins, you can keep them in cold wallet. For example my masternodes' wallets have 0 coins in them.
That's all, gl with the XC.
Thanks for that. Apologies for not understanding DRK properly.
I'm glad that keeping masternode DRK in cold storage is possible. That must be a relief!
How does this work? I mean, how does the network know a masternode has the requisite amount of DRK associated with it if the coins are actually elsewhere?