how many coins are going to be needed for a masternode?
To keep with "Industry Standards" it makes sense to stick with the word 'Masternode" for the Miixing/Obfuscation and Governance Services.
The "Additional Services" which would need to be applied for and approved to run them, we will call "Servicenodes".
At this time we do not see either the Masternodes or Servicenodes requiring more than 500 coins.
MikeMike
Sorry if this is a dumb question, but can you tell me the difference between a "Masternode" and a "Servicenode"?
Would rewards be the same and what would be the benefit of running one over the other?
Thanks for asking.
The Masternodes have been clearly defined by the following statement:
"To keep with "Industry Standards" it makes sense to stick with the word '
Masternode" for the Miixing/Obfuscation and Governance Services."
The "
Servicenodes" will provide one or more services that will support one or more KORE projects and their required "Services" to the Community and Tech.
We are not yet making public exactly what those Services are at this time...
MikeMike
Yes, I do understand what each is for.... I guess my real question is what are the rewards for each and why would someone choose to run a Masternode vs a Servicenode (or vice versa)? I would assume that we need a good amount of people running both, but how can we guarantee that?
The percentages the MN and SN will bring in are near to being finalized
and have considered the points you brought up for some time.
I think KORE has plenty to offer that will peak people's interest and desire to support
secure and privacy based projects besides other projects and features.
Let's see,.. A cross platform Operating System not Android.
A hardware division starting off with the KOREPhone also built around privacy and security.
Secure encrypted Tor Masternodes and Servicenodes supporting these
various projects and communications platforms and technologies.
This is why I ask:
"What value do you put on security and privacy in your daily use of technology and communications?"
Do you view privacy and security as a right?
Is there a need for it in the world we live in today?
Do you think enough people of selected demographics KORE will target that will support the KORE Ecosystem and Network?
Can you guarantee most anything?
We do feel confident we can put this all together and make it a reality as well as successful.
After all,.. This is what we all work on daily to produce.
MikeMike
