Topic: [ANN][CRW] CROWN (SHA256) | Platform | Governance | Systemnodes | Masternodes | - page 80. (Read 316951 times)

Definitely. New code needs a new wallet.

will there be a wallet uptate prior to the SN launch?

Here's a spreadsheet showing the number of CRW a single Systemnode can expect to earn for a given number of Systemnodes on the network.

I suspect that Trons will start to receive a higher reward again after a few thousand SNs have been set up although its impossible to estimate exactly when.  This will be near to our first Zuck Equilibrium!

https://drive.google.com/file/d/0B_xNpVnMJrIhSGxHRXAtcDljWnc/view?usp=sharing

We're 1 month away! This is really awesome.

Props to the Crown dev team, really nice work guys.

Now I just need to figure out how many thrones I should swap into Systemnodes.
Hmm, all of them?

Looking forward to setting up a few of my own systemnodes 
Love the "Zuck equilibrium" as well

Details of Systemnode Release

Crown Core Team

16th October 2017

What is a Systemnode?

A Systemnode is a server on the Crown network that is secured by collateral and provides services that support applications and services published via Crown Atomic. The operator of a Systemnode will be rewarded a portion of the block reward in return for providing those services.

Why are Systemnodes necessary?

Under the Crown Atomic architecture, Tron Masternodes are focused on transaction confirmations and application verifications.  In order to provide any services, there is a requirement for a swarm of application provider nodes.  These are Systemnodes.

How many Systemnodes will there be?

There is a desire (but not strict requirement) for there to be more Systemnodes than Tron Masternodes. We have designed the relationship between Systemnodes and Tron Masternodes to negotiate their own equilibrium of numbers but our expectation is that numbers will stabilise at between 4,000 and 5,000 Systemnodes and between 1,000 and 2,000 Tron Masternodes. The community and network will ultimately decide on the natural levels.

Are there other benefits to Systemnodes?

An ideal community should have more small token holders than large token holders.  The price of a Tron Masternode has exceeded $15,000 which is far too high a cost of entry to participate on the Crown network. The decision has been made to require smaller collateral for a Systemnode and to offer a greater relative reward for operating a Systemnode compared to a Tron Masternode in order to encourage more people to participate and join the Crown community.

What kind of tasks will Systemnodes perform?

The possibilities are endless.  The core team will release NTP timekeeping as the first Systemnode service in order to cater for the future planned consensus mechanism change.  The community will be free to develop their own utilities for Systemnodes to perform.

How much will it cost to run a Systemnode and what is the reward?

The Crown Core Team does not advise that a Systemnode or a Tron Masternode is an investment.  The value of Crown tokens might go down. Past value trends do not indicate future performance.  The number of Crown tokens that you receive for operating either kind of node will vary according to the number of nodes on the network at the time.

A Systemnode will require 500 CRW collateral and will receive 10% of the block reward.  This change will be at the expense of the miners.  The block reward can be summarised as follows:

Role	Reward
Miner	3.6 CRW
Tron Masternode	4.5 CRW
System Node	0.9 CRW
Proposal Fund	1 CRW
Total:	9 CRW (1 CRW per block reserved for proposal funding)

What is required to run a Crown Systemnode from a technical perspective?

People familiar with Tron Masternode setup will be familiar with Systemnode setup.

A unique IP is required for a Systemnode.  Each community member will be able to run one Systemnode in their local wallets if they choose, but a VPS is recommended as the prefered platform as the Systemnode wallet must be online 24/7 to provide services and receive rewards.

At this time, a single core 512Mb RAM VPS with 20GB of storage is the recommended minimum.  It may be possible to use less but this will not be supported by the core team. In the future, as usues grow, the hardware requirements will increase significantly.

A breakdown of possible Systemnode rewards is shown in the spreadsheet that partners this document.

How will the Crown Network change?

We expect the chance to participate in the Crown network with less collateral than a Tron Masternode and generous rewards to be attractive to a lot of crypto enthusiasts and small businesses alike. The expectation is that a large number of Systemnodes will be set up.

A Systemnode will earn disproportionally more rewards for their staked collateral compared to a Tron Masternode in order to encourage more Systemnodes to be set up.  For example, somebody who uses 10,000 CRW to run 20 Systemnodes will receive more rewards than somebody who uses 10,000 CRW to run a single Tron Masternode (at the current masternode count).

If some Tron operators decide to split his or her Trons into Systemnodes, then the Tron count would drop, and the Tron reward would increase for the other Tron operators. Similarly, the Systemnode reward would drop as the Systemnode count increases.  The network will find a natural equilibrium of node numbers.

It is difficult to guess where that equilibrium will be but the intention is for there to many more Systemnodes than Tron Masternodes.

We have decided to name the node equilibrium point the “Zuck Equilibirum” in honour of the person who devised the mechanism for the Tron and Systemnode relationship.

When will Systemnodes be released?

Systemnodes are already in the Crown testnet undergoing public testing.  Systemnodes will be released during November 2017.

Crown $CRW is now LIVE!
Thanks for support!

Check it out at http://mnrank.com/

Crown $CRW list funding now available.
Help this coin get listed at http://mnrank.com/

Few additions to The OP.

Added Application platform design-
Added Use Crown Section-
Updated Twitter Handle-
Updated Signature Link-





Welto (Pay your bills with Crown)
CryptoThreads (Buy Crown merch)

Damn, i bet alot of hours went into making and designing the website! It offers both simplicity, a fresh look and feel.
It really contributes to a great user experience.

Aww love it lucdD88, well done to you and your team!

Announcement: CrownCentral 2.0 officially launched!

After a few weeks of thorough testing and debugging we are proud to finally announce the official release of CrownCentral 2.0!

CrownCentral 2.0 is a redesigned unification between the popular stats.crowncentral.net and monitor.crowncentral.net. Featuring a completely revamped UI, a newly added proposals page and (soon-to-be-added) options to calculate and monitor SystemNode earnings. Note: No user data has been lost, all user accounts from monitor.crowncentral.net were migrated to CrownCentral 2.0 so you can use your own account with the same data.

URL: www.crowncentral.net

Thank you for your continued support and everlasting patience, we love you guys!

Peace!

We would love to but we must make sure not to give away the game. Once testing starts I think all documentation and a white paper on the application platform will be released. I say this because documentation is already being made and so is the white paper (More like a complete spec sheet).

Makes sense. The more info and pictures / flows for different processes the better. thx for sharing.

Crown Atomic weekly update 13.10.2017


Hi all, today we are going to share a little glimse into the Atomic API system, its just a little chart, but i think you guys can see the overal gist to it

During this week Artem was working on visualization of different Atomic use cases. This one of them: service subscription use case. After the discussion stage and during the documentation stage we were able to divide the project on the subtasks. So we negotiate with another experienced developer to take him on board to work on Atomic project along with Artem.

really cool stuff happening here, future looks bright

I see a lot of these kinds of projects that base the name on a (former) national coin. In the NL there is Gulden, for example which is what we had before the Euro, etc. etc. And here at Crown we're part of one, of course  

It will not, but SystemNodes v1 implementation is the first step towards the 3rd way.
NTP time servers will be added on v2 release, this will be the 2nd step towards the 3rd way.

SystemNode reward will come from the miner part of the block reward, giving us this structure

Miner 4.225
Masternode 4.5
Systemnode = 0.225
Proposals = 1

The goal was to create a reward 1/20 that of masternodes, just like the collateral will be 1/20 of a masternode.

Although the intention is to provide a server layer that will provide service's directly to the Crown network SystemNodes should be popular, I agree

System nodes sound like an interesting approach to attracting and proving an incentive for newcomers. Will the block reward be taken from the tron allotment? Also, will this release include the mysterious 3rd way concensus mechanism?