To be honest I haven't understood it quite properly but it seems interesting. I would definitely like to know more.
Topic: How to Become a Validator of TON (Gram) and Another Ways to Get Profit There. (Read 151 times)
October 25, 2018, 01:21:44 PM
October 25, 2018, 01:21:17 PM
Some of the terms I have found a little bit complicated. Also only 1000 validators looks to be somewhat insufficient but I might be wrong as well. Anyway, I would like to get to know more.
October 25, 2018, 01:20:58 PM
Gram seems to be a very intriguing new cryptocurrency. Although some parts were a little hard to get but nonetheless it was good. And one other thing 1000 users seems a bit less in number.
October 25, 2018, 01:20:42 PM
A validator needs to cross some validating factors, shich seems to be ironic but it is necessary. Some of these criterias includes, TON Blockchain, Hypercube Routing, Proof-of-Stake and many more.
October 21, 2018, 06:19:11 AM
Good Evening!
It is about new cryptocurrency from Telegram Open Network – Gram.
The mining won’t be mining it means that procesing is not going to be by computing complicated mathematical equations but by special nodes that called validators. Validators are real people, users of Telegram. Today it is known that their number will be up to 1000 people. They will be selected according to a specific algorithm or rules that have not yet been disclosed. And they will be elected every time for 1 month.
Someone already writes that the mining of the Gram will be similar to the mining of the Bitkoin. However, some even give recommendations which ASIC is better to use. But most likely it is not. In White Paper itself, there is no any information that would mention classic mining. This method is an integral and very important part of the entire design and the entire Bitcoin system, so if it were the same part for the future Gram, then most likely it would be mentioned.
Each of these 1000 users will have to meet certain requirements and have available equipment with appropriate characteristics. In order to start "mining" (it's called new mining) Gram, it is necessary to purchase several high-performance servers, their cost is not as high as if Bitcoin or another cryptocurrency based on Proof-of-Work were mined. But it is certain that an ordinary home computer will not be enough for this purpose. Also, each user will need to have a certain amount of coins for the deposit. It will be necessary for him to confirm the veracity of the newly created blocks, which will be reward or loot. Moreover, if the user makes an incorrect/invalid confirmation, then he will be punished - will lose part of his “validator deposit”.
TON Blockchain consists of two chains: masterchain and shardchain. In this topic I would not like to go into all the details - it will turn out too massive, less interesting with regards to topic itself.
New blocks are created by special nodes, which are called “validators. In fact, they can become any node, subject to availability, to deposit a certain amount of money, which is not very small.
Rewarding will be distributed among all such nodes in proportion to their stakes.
Summary: if you are planning to earn Grams by “mining”, you already need to make sure that you have enough money in your account to make a deposit on Masterchain. It is also necessary to acquire powerful computational capabilities, have enough disk space and have a high Internet bandwidth. Exact data (required technical characteristics) is not specified - I hope to be able to add them later.
But that is not all. There are several ways to earn money here.
Nominators.
In the world of Blockchain working on the Proof-of-Work system, such as Bitcoin, the current Ethereum and others have a practice - when one node does not have enough of its computing power, it combines with others and then shares the “production” according to the agreed conditions. This place is called - the mining pool.
In the Proof-of-Stake system there is also a similar concept - the nominator.
Nominator is a person who can take part in the production sharing received by a validator. A nominator chooses a validator for himself, one or several ones and credits them or, more simply, lends them money for a stake. After that, as the validator receives his reward from the System, for his time, his powerful servers and a stable Internet connection, part of this award is sent to the Nominator.
Further. Fishermen receive a portion of the reward, identifying and pointing out the mistakes of others.
Anyone can become such a “fisherman” by making a small deposit in Masterchain. Validators have "good opportunity" of losing part of his stake if he signs the wrong/invalid block. It is a system of punishment and at the same time stimulating the performance of all the work with higher quality. Fishermen also complement this system. If he manages to identify a similar error of the validator and, if other validators agree with the proof of incorrectness that was found by fisherman in one of the shardchain blocks, he receives a portion of the reward confiscated from the unsuccessful or not quite caring validator.
Fishermen will still need to have good computational power available, although not like the actual validator. Although it is said that the best candidate for a fisherman’s position is a node already capable of processing new blocks, but was not chosen as such yet.
Further. Collators - receive money by offering new blocks to validators.
That is, he selects a new block from the shardchain, considering it is suitable for building a chain and offers it to a validator. This frees the validator from necessity to load all data of a particular (e.g. neighboring) shardchain, that is, the collator takes on part of the work of selecting a block for candidates to build this “building”, thus gaining a portion of the reward received by the validator.
An additional source of income for collators or validators will be the ability to accept micropayments from users for the possibility of including their transaction in the shardchain.
********************************************
As you can see I'll be glad to get some merits, people!
It is about new cryptocurrency from Telegram Open Network – Gram.
The mining won’t be mining it means that procesing is not going to be by computing complicated mathematical equations but by special nodes that called validators. Validators are real people, users of Telegram. Today it is known that their number will be up to 1000 people. They will be selected according to a specific algorithm or rules that have not yet been disclosed. And they will be elected every time for 1 month.
Someone already writes that the mining of the Gram will be similar to the mining of the Bitkoin. However, some even give recommendations which ASIC is better to use. But most likely it is not. In White Paper itself, there is no any information that would mention classic mining. This method is an integral and very important part of the entire design and the entire Bitcoin system, so if it were the same part for the future Gram, then most likely it would be mentioned.
Each of these 1000 users will have to meet certain requirements and have available equipment with appropriate characteristics. In order to start "mining" (it's called new mining) Gram, it is necessary to purchase several high-performance servers, their cost is not as high as if Bitcoin or another cryptocurrency based on Proof-of-Work were mined. But it is certain that an ordinary home computer will not be enough for this purpose. Also, each user will need to have a certain amount of coins for the deposit. It will be necessary for him to confirm the veracity of the newly created blocks, which will be reward or loot. Moreover, if the user makes an incorrect/invalid confirmation, then he will be punished - will lose part of his “validator deposit”.
TON Blockchain consists of two chains: masterchain and shardchain. In this topic I would not like to go into all the details - it will turn out too massive, less interesting with regards to topic itself.
New blocks are created by special nodes, which are called “validators. In fact, they can become any node, subject to availability, to deposit a certain amount of money, which is not very small.
Rewarding will be distributed among all such nodes in proportion to their stakes.
Summary: if you are planning to earn Grams by “mining”, you already need to make sure that you have enough money in your account to make a deposit on Masterchain. It is also necessary to acquire powerful computational capabilities, have enough disk space and have a high Internet bandwidth. Exact data (required technical characteristics) is not specified - I hope to be able to add them later.
But that is not all. There are several ways to earn money here.
Nominators.
In the world of Blockchain working on the Proof-of-Work system, such as Bitcoin, the current Ethereum and others have a practice - when one node does not have enough of its computing power, it combines with others and then shares the “production” according to the agreed conditions. This place is called - the mining pool.
In the Proof-of-Stake system there is also a similar concept - the nominator.
Nominator is a person who can take part in the production sharing received by a validator. A nominator chooses a validator for himself, one or several ones and credits them or, more simply, lends them money for a stake. After that, as the validator receives his reward from the System, for his time, his powerful servers and a stable Internet connection, part of this award is sent to the Nominator.
Further. Fishermen receive a portion of the reward, identifying and pointing out the mistakes of others.
Anyone can become such a “fisherman” by making a small deposit in Masterchain. Validators have "good opportunity" of losing part of his stake if he signs the wrong/invalid block. It is a system of punishment and at the same time stimulating the performance of all the work with higher quality. Fishermen also complement this system. If he manages to identify a similar error of the validator and, if other validators agree with the proof of incorrectness that was found by fisherman in one of the shardchain blocks, he receives a portion of the reward confiscated from the unsuccessful or not quite caring validator.
Fishermen will still need to have good computational power available, although not like the actual validator. Although it is said that the best candidate for a fisherman’s position is a node already capable of processing new blocks, but was not chosen as such yet.
Further. Collators - receive money by offering new blocks to validators.
That is, he selects a new block from the shardchain, considering it is suitable for building a chain and offers it to a validator. This frees the validator from necessity to load all data of a particular (e.g. neighboring) shardchain, that is, the collator takes on part of the work of selecting a block for candidates to build this “building”, thus gaining a portion of the reward received by the validator.
An additional source of income for collators or validators will be the ability to accept micropayments from users for the possibility of including their transaction in the shardchain.
********************************************
As you can see I'll be glad to get some merits, people!
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