Masternodes
Just to confirm that the rumours of masternodes are true HOWEVER there is a slight catch currently. We have the technology developed and working but have issues syncing it with the current chain due to outdated code on the current codebase (an error on my part) We have people looking to fix it but if there has been no progress in the next week then we will most likely have to initiate a swap. Its something I really wanted to avoid but necessary in the long term as not only will it implement masternodes but a cleaner update friendly codebase. The initial specifications we have for masternodes are:
100K RNS per masternode
70/30 split in POS rewards.
I have been keeping it quiet partly because i wanted to surprise everyone with a shiny new update but i realised that the community has a right to know what is going on with the coin and now thats the implentation is delayed its not fair to keep everyone in the dark as it looks like we've been doing nothing for the last 2 weeks (which we haven't)
Just to confirm that the rumours of masternodes are true HOWEVER there is a slight catch currently. We have the technology developed and working but have issues syncing it with the current chain due to outdated code on the current codebase (an error on my part) We have people looking to fix it but if there has been no progress in the next week then we will most likely have to initiate a swap. Its something I really wanted to avoid but necessary in the long term as not only will it implement masternodes but a cleaner update friendly codebase. The initial specifications we have for masternodes are:
100K RNS per masternode
70/30 split in POS rewards.
I have been keeping it quiet partly because i wanted to surprise everyone with a shiny new update but i realised that the community has a right to know what is going on with the coin and now thats the implentation is delayed its not fair to keep everyone in the dark as it looks like we've been doing nothing for the last 2 weeks (which we haven't)
No one seems to care here... but what will the masternodes actually do? Nothing is written about that. Do you care to share some code that is written?
Masternodes give you higher rewards. That means that you will earn more than the normal POS rate and you help the network even more by being a masternode. Also more who hold masternodes, means less coins getting dumped, hence helping the value to rise also.
That would only increase centralization. I don't think it's a good idea to "just" create master nodes to let the coins sit in there, doing nothing. What's the use of such a masternode, except for people hoping the price will increase due to more amount of coins are locked in?
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