As mentioned in the previous blog article, we will be migrating to our own blockchain implementation based on the Dash code base.
What is a Master Node?
Master nodes are specialized nodes within the distributed network that enable custom features and greatly improve fault tolerance in the system, which are classified in two categories:
- Master Nodes
- Entity Master Nodes
As regular nodes, they are required to run a wallet software, with additional requirements, such as a dedicated IPv4 address, high availability through an up-time of 24 hours with a connection loss of maximum 1 hour.
Custom features enabled:
- Near-instant transactions
- Dynamic mining reward distribution
- Private transactions through anonymization services such as TOR, AN.ON
For providing such features, master nodes are paid a certain portion of reward for each block. This can serve as a passive income to the master node owners minus their running cost.
How is the block reward structured?
- 20% allocated to the Help Foundation
- 80% allocated to both miners and master nodes
Master Node cost in HELP
- Master Node: 2,500
- Entity Master Node: 25,000
Regarding running a master node, we will be publishing a tutorial in a new article by the end of the year.
Meanwhile, stay tuned for the in-depth part 2 on the master nodes layer coming up next week, and come back tomorrow for the part 1 article on Mining.
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