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Build or  Host a Master Node

  • Hosted MasterNode Solution: Take advantage of exciting developments in Proof-of-Stake networks.

  • Maintained Solution: Remain up-to-date with System Requirements and Protocol Updates.

  • Secure Storage and Securely-Obtained Ledger handling.

  • Custom Node set-up: Broadcast full copies of your ledger

  • Set up efficient, custom nodes for your own Distributed network.

  • Create simple to set-up systems that encourage wider community participation.  

“Hosting a MasterNode is an exciting opportunity to earn a passive income whilst holding cryptocurrencies.”

What is a Master Node?

A MasterNode is a device that serves as a Block Producer or Validating Node in Proof-of-Stake Blockchain Networks. 
MasterNodes replace the role of Miners in a Proof-of-Work system.

1

Wallet Holder A transfers 100$ to Wallet Holder B
A broadcasts a transaction via his Wallet on the ledger to B’s Wallet Address

2

A select number of validating nodes are chosen according to the rules of the network. 
(These validating nodes must hold in excess of 100$ at Stake)
These selected nodes validate transactions against rules of the network.


3

Valid transactions are stored into a block and sealed in Hash code (making the code immutable and irreversible)


4

Validating nodes are paid fees as a reward for the risk assumed. 
Funds are now in control of B

 

Illustration of the Proof-of-Stake Validation Process

Master Node Hosting
Duties and Risks

Validating nodes risk substantial sums in order to assure the network that they are honest validators. 
To do so, nodes must:

Host Device with Prebuilt Binaries

Meet system’s increasing requirements for greater storage and processing over time

Maintain securely obtained ledger

Maintain wallet security

Maintain 24/7 real-time broadcasting through  High-Speed Internet Connectivity

Be vigilant of changes to network rules and mechanisms

(PoS) offers a way of gaining consensus on a far greater scale than Proof-of-Work, without the exponential energy requirements. 
What is Proof-of-Stake?‚Äč
  • Proof-of-Stake (PoS) Where individual nodes can put funds (tokens) at stake to validate transactions that are of equal or lesser value than funds (tokens) at stake in exchange for a reward for putting funds at stake.

  • The greater a validator’s ‘stake’ in the blockchain and its token, the greater the ‘trust’ placed in their block validation. 

  • As such, successfully participating in the validation of a
    given block depends on some tangible measure of ‘stake’,
    thus giving rise to the term ‘proof-of-stake’.
    A validator who is granted and exercises their right to
    validate a block receives the associated transaction fees.

 
  • Custom Node set-up: Set up efficient, custom nodes for your own Distributed network.

  • Choose Between Multiple Consensus specifications, including PoS, DPOS and other permissioned Voting Mechanisms.

  • Create simple to set-up systems that encourage wider community participation.  

Host a MasterNode

  • Hosted MasterNode Solution: Take advantage of exciting developments in Proof-of-Stake networks.

  • Maintained Solution: Remain up-to-date with System Requirements and Protocol Updates.

  • Secure Storage and Securely-Obtained Ledger handling.

  • APIs and access to VeenPool's Custom built Stake Pool Solution.

  • Access to VeenPool's custom security solution including MutiSig Wallets and Encrypted Wallets

Build a Custom Node for your Distributed Network.