Topic: just a little heads up for those who want in on VNL incentive before collateral - page 2. (Read 1934 times)

can you explain why the need of 9999 coins after block x?

with the collateral it looks kinda like pos with dynamic interest ( 1-40% ).

if i understood something wrong please feel free to explain.

Masternodes are centralised because they require administration by their owners/operators. Super peers are 100% autonomous and decentraliszed and require no administration from a human aside a possible upgrade. If somebody happens to have N balance the super peer can get an incentive reward. The collateral backed incentive reward is an "opt-in" technology and not a required one like with the masternode system. That said anyone can be a super peer because if it were designed any other way the network backbone could collapse due to a market crash as masternode operators flee the system to dump their holdings. So in conclusion super peers are immune to changes in the market because they do not require any funds to operate.

Thank you for your support.

superpeers are nothing like masternodes

superpeers are just unfirewalled peers something that a healthy blockchain needs

collateral and incentives are just a way to reward superpeers for doing thier job.  well the incentive is a reward, while the collateral is a way to make it so there there is better distribution of the incentive.

Anyone can be a super peer.  (A super peer is just a wallet that has it's port opened, has a certain amount of uptime and might have to have certain bandwidth, etc. in the future.)  In order to get node incentives, you will need to hold a specific amount of VNL.

To be a masternode you need to hold a specific amount of dark.

Also, with VNL the process is easier.  You just have to send the coins in one transaction to the main address on the wallet (with the random Vanillacoin port open).

With Dash, there are extra steps.

Okay.. So you rebranded masternodes and implemented them in vnl.. What's to complain about?

Thanks for this traumschiff


Quote from: traumschiff on September 18, 2015, 11:05:29 AM

PSA on the Node Incentives [FAQ]

Whate is the Node Incentives system?

The node incentive system has been introduced with the recent updates. Super Peers will get honored with a % of PoW in exchange for their honest work on the network

Paper: https://github.com/john-connor/papers/blob/master/incentive.pdf

Basic information (Wiki):http://vanillacoin.net/wiki/Technologies/Node%20Incentives.md

Progress thread: https://talk.vanillacoin.net/topic/207/incentive-system

Collateral algorithm: https://gist.github.com/john-connor/b6799efff326ff77d418

Reward algorithm: https://gist.github.com/john-connor/967ba7f7e9dd0ec1f7a9


When will the Node Incentives go live?

Node Incentives will go live with 1% of PoW reward with block 210,000. Estimated time: 09/19/2015 11:03:22 - 21h 12m 1s


What do I need to be able to get rewards?

- You will need a wallet with 9999 Vanillacoins when block height will be > 220,000

- Your router needs to have the port open that you have in your config.dat file (Windows: Local Disk (C:) > Users > Your User > AppData > Roaming > Vanillacoin)

- Your wallet needs to have a 15 min uptime currently (should be increased later)


What are the rewards?

The exact reward structure can be found in the links above, but the range is 1-40% of the PoW rewards


Do I need to unlock the wallet?

Unlock once after you sent the Vanillacoins needed, but you can relock it after


Any info about the Node Incentive via the wallet?

Type in console: getincentiveinfo


How much will system resources play a part in the incentive?

More bandwidth usage to spread the blockchain, & more daemon call (to send the blocks on the network)


What is the limitation for the Super Peers?

Only 1 Super Peer / IP adress is allowed

Why?

Because everyone is always complaining about how things in VNL get done on irc and that the announcement thread didn't let them know..

This thread will disappear into obscurity soon enough, and I thought it was announcement that people would like to know.

1% of 10000 blocks going to people who have active nodes

Not sure why you have to start a whole new thread for this. VNL has been around for almost a year and has a forum of its own as well as on here, vanillacoin.net, and the wiki.

One little bump so this doesn't get lost right away


And now you can't say the nobody told you

Just posting this so there will be no whiners once collateral is required to get incentives from becoming a superpeer.

Incentive starts tomorrow.
0 collateral required until block 222000.


I would rather you don't get a full node working so I can get more of the reward, but as I said before I don't want to hear whiners later.

Join VNL irc channel to learn more.