What is a REBL Masternode?
What is a REBL Masternode?
A #REBL #Masternode is a type of full node that offers various services to the network and is compensated by the network for this service. Masternodes stabilize and secure the network. In addition, Masternodes ensure transactions are sent instantly, and make it possible to send private transactions and much more.
What are the requirements to run a Masternode?
To run a Masternode there is an entry barrier in the form of collateral. The collateral never leaves the user’s possession, it can be moved at any time, however doing so will disconnect the Masternode from the network. To run a Masternode, the following is required:
- Masternode collateral: 100.000 REBL
- A virtual private server (VPS) or server to host the wallet 24/7
- A Dedicated IP address
- Storage space to save all #blockchain data
What do I earn running a REBL Masternode?
With each block that is created, 60% of the block reward will be assigned to a Masternode. The chances of you as a masternode receiving this reward depends on the amount of masternodes active in the network. If for example 1000 masternodes are active at a given time, your chance of receiving the reward is 1 out of 1000, or 0.1%.
Your return on investment (ROI) can be calculated given the amount of Masternodes that are active in the network. The table above shows this calculation.
Client Masternodes: If you own a REBL masternode then you have the unique opportunity to run a masternode for free from ALL of the client chains we will deploy. The collateral will, in this case, be deposited by the client itself through a smart contract, meaning you don’t have to deposit anything yourself. The rewards that you will receive will be paid in REBL. Clients, in turn, would need to buy REBL coins off the market to pay their masternode holders for a secure and decentralized network. As this can be seen as “oil” for the entire system, it creates huge demand for REBL.
Stay tuned! You can expect multiple updates on this. We will dive deeper into various subjects regarding the masternodes — such things as the functionality, technology and a ‘how to run a masternode’ manual. We will cover all aspects and leave no questions on the table.
For more information on Rebellious visit https://www.rebellious.io/