Masternode Network - Revision history

TheSin at 20:50, 16 January 2018

2018-01-16T20:50:03Z

TheSin at 20:45, 16 January 2018

2018-01-16T20:45:57Z

TheSin at 20:45, 16 January 2018

2018-01-16T20:45:43Z

TheSin: TheSin moved page Masternode+Network to Masternode Network

2018-01-16T20:32:18Z

TheSin moved page Masternode+Network to Masternode Network

SixOfFive: Created page with "In addition to traditional Auxiliary Proof of Work (PoW) rewards for mining Terracoin, users are also rewarded for running and maintaining special servers called masternodes...."

2018-01-02T20:40:51Z

Created page with "In addition to traditional Auxiliary Proof of Work (PoW) rewards for mining Terracoin, users are also rewarded for running and maintaining special servers called masternodes...."

New page

In addition to traditional Auxiliary Proof of Work (PoW) rewards for mining Terracoin, users are also rewarded for running and maintaining special servers called masternodes. Thanks to this innovative two tier network, Terracoin can offer innovative features in a trustless and decentralized way.
What is a Terracoin masternode?
Terracoin uses special servers called masternodes to power PrivateSend, InstantSend, and the governance and treasury system. Users are rewarded for running masternodes; 45% of the block reward is allocated to pay the masternode network.
Masternodes enable the following services:
InstantSend allows for near-instant transactions. Terracoin InstantSend transactions are fully confirmed within four seconds.
PrivateSend gives financial privacy by obscuring the source of funds on the blockchain.
Governance and Treasury allows stakeholders in Terracoin to determine the direction of the project and devotes 10% of the block reward to development of the project and ecosystem.
Terracoin will make using cryptocurrency as easy as using PayPal.
Masternode owners must have possession of 5000 TRC, which they prove by signing a message and broadcasting to the network. Those coins can be moved at any time, but moving them will cause the masternode to fall out of queue and stop earning rewards.
Masternode users also are given voting rights on proposals. Each masternode has one vote and this vote can be used on budget proposals or important decisions that affect Terracoin.
How much can you earn from hosting a Masternode?
Masternodes cost money and effort to host so they are paid a share of the block reward to incentivize them. With current masternode numbers and rewards masternodes earn approximately a 30% return on 5000 Terracoin for the year of 2017. There is also the possibility for masternodes to earn money from fees.

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 == How much can you earn from hosting a Masternode? ==
-Masternodes cost money and effort to host so they are paid a share of the block reward to incentivize them. With current masternode numbers and rewards masternodes earn approximately a 30% return on 5000 TRC for the year of 2017. There is also the possibility for masternodes to earn money from fees.  This [https://masternode.terracoin.io/ tool] shows a live calculation of masternode earnings. These rewards decrease each year, but the rising value of Terracoin should offset these reductions. As a matter of fact, masternodes were receiving 4.5 TRC per day at the end of 2017 but they were actually less money than today..  There is also the possibility for masternodes to earn money from fees in the future.
+Masternodes cost money and effort to host so they are paid a share of the block reward to incentivize them. With current masternode numbers and rewards masternodes earn approximately a 30% return on 5000 TRC for the year of 2017. There is also the possibility for masternodes to earn money from fees.  This [https://masternode.terracoin.io/stats.php tool] shows a live calculation of masternode earnings. These rewards decrease each year, but the rising value of Terracoin should offset these reductions. As a matter of fact, masternodes were receiving 4.5 TRC per day at the end of 2017 but they were actually less money than today..  There is also the possibility for masternodes to earn money from fees in the future.
 [[File:masternode_ROI_chart.png|MasterNode ROI Chart]]

← Older revision		Revision as of 20:45, 16 January 2018
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−	[[~~Files~~:masternodes.png\|MasterNodes Logo]]	+	[[File:masternodes.png\|MasterNodes Logo]]

	In addition to traditional Auxiliary Proof of Work (PoW) rewards for merge mining Terracoin, users are also rewarded for running and maintaining special servers called masternodes. Thanks to this innovative two tier network, Terracoin can offer innovative features in a trustless and decentralized way.		In addition to traditional Auxiliary Proof of Work (PoW) rewards for merge mining Terracoin, users are also rewarded for running and maintaining special servers called masternodes. Thanks to this innovative two tier network, Terracoin can offer innovative features in a trustless and decentralized way.

@@ Line 1: / Line 1: @@
 Terracoin uses special servers called masternodes to power PrivateSend, InstantSend, and the governance and treasury system. Users are rewarded for running masternodes; 45% of the block reward is allocated to pay the masternode network.
 Masternodes enable the following services:
-InstantSend allows for near-instant transactions. Terracoin InstantSend transactions are fully confirmed within four seconds.
+* '''InstantSend''' allows for near-instant transactions. Terracoin InstantSend transactions are fully confirmed within four seconds.
-PrivateSend gives financial privacy by obscuring the source of funds on the blockchain.
+* '''PrivateSend''' gives financial privacy by obscuring the source of funds on the blockchain.
-Governance and Treasury allows stakeholders in Terracoin to determine the direction of the project and devotes 10% of the block reward to development of the project and ecosystem.
+* '''Governance and Treasury''' allows stakeholders in Terracoin to determine the direction of the project and devotes 10% of the block reward to development of the project and ecosystem.
-Terracoin will make using cryptocurrency as easy as using PayPal.
+* '''Terracoin''' will make using cryptocurrency as easy as using PayPal in the future.
 Masternode owners must have possession of 5000 TRC, which they prove by signing a message and broadcasting to the network. Those coins can be moved at any time, but moving them will cause the masternode to fall out of queue and stop earning rewards.
-Masternode users also are given voting rights on proposals. Each masternode has one vote and this vote can be used on budget proposals or important decisions that affect Terracoin.
+Masternode users also are given '''voting rights''' on proposals. Each masternode has one vote and this vote can be used on budget proposals or important decisions that affect Terracoin.

← Older revision	Revision as of 20:32, 16 January 2018
(No difference)