Topic: MARKNetwork: MARK Blockchain, MARKMining Shared Masternodes, MARKSwap Exchange (Read 401 times)

The Hosting of a Masternode needs a server with a dedicated internet connection. You will need to consider a Self-Managed VPS platform with support for backup and a simple to use interface.

An additional hurdle you need to hit here is the requirement of a high minimum operational coin balance attached to your wallet. Once coins are transferred to your wallet with the minimum quantity you are set to go.

Here is a short tutorial on how to configure a Masternode:

• Purchase minimum required amount of coins from an exchange, like from MARKSwap

• Install a wallet on the device of your choice, then synchronize it with the blockchain. (Some wallets could enable you to transfer the information as separate files that permit you to speed up synchronization).

• Send cryptocurrency to your wallet address.

• Set up receiving cryptocurrency address in your node wallet and remit the coins to your Masternode address. (This step permits you to get non-public keys and additional information needed for the setup procedure.).

• Now, set-up your node, you can use a private server at your home or by using a service provider like MARKMining who takes care about all the configurations and required security settings and maintenance works, or a server hosting company like DigitalOcean are some of the best selections to run this operation.)

• Upon building, putting in and configuring nodes to your wallet, fire up your server. (Allow the nodes to synchronize with the blockchain. Masternode should be set up in your desktop wallet.)

After following these instructions properly your Masternode will start earning you rewards.

Author Toni Tiger (TokenBit) for MARKNetwork (https://www.mark-network.com).

In Layman’s terms, a Masternode could be a server on a redistributed network. It’s used to complete distinctive functions in ways that standard nodes can’t, often used for options like direct send / instant transactions or personal transactions.

Because of their augmented capabilities, Masternodes usually need a large quantity of coins to run. However this can be where incentive comes into play, as Masternode operators are rewarded by earning parts of block rewards no matter what given cryptocurrency they’re facilitating.

No Masternode is alike, as every network has its own pros and cons. However, therein the same, each system approaches payouts in an exceedingly and completely different approach. Some cryptocurrencies disburse rewards to Masternode operators multiple times in a day, and some operators receive payout once daily.The advantage of this dynamic is that operators will still earn cash and supply a service to the network while not having to take a position in cryptocurrency mining gear.If inquisitive about changing into an associate operator yourself, you must “lock away” what is sometimes considered a large amount with a wide variety of coins.

Proof-of-Stake (PoS)

Many cryptocurrency users don’t recognize that Masternodes are extensions of Proof-of-Stake (PoS) coins. Proof-of-Work (PoW) coins invited the use of Masternodes. It shows that Masternodes aren’t exclusive to Proof-of-Stake based coins. With that being said, running a Masternode is PoS-like with the sense that you generate rewards in your desired cryptocurrency through a Masternode by holding your coins, similar to being rewarded using a loyalty program in a store.

Considering one thing: you’ll be able to receive rewards with a Masternode using PoS cryptocurrency, however you don’t want PoS cryptocurrency specifically to run Masternodes.

Author Toni Tiger (TokenBit) for MARKNetwork (https://www.mark-network.com).

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good team

About the MARK Blockchain




4th quarter of 2018 – MARK Blockchain will be a generation 3.0 blockchain that will not only be fast, energy efficient and cost effective, but also safe to use. A dedicated network of server nodes will ensure the smooth operation of the blockchain and its transactions. The development of our own blockchain will begin in September 2018 and will be realized from our own financial resources first. The first ready-to-run prototype will be ready for use in October 2018. There is no ICO (Initial Coin Offering) planned at current. We could do so when the time is right and several company units are up and running.



For MARK Blockchain we will solve the problem of human errors when sending or receiving payments from one wallet to the other which is a big issue with current Cryptocurrency payments.

We will educate the users, and eliminate as many sources of mistakes as possible that cause a wallet to be hacked, in advance, when developing wallets or applications for our Blockchain.

It is initially determined to have a speed of minimum 1 million transactions per second or higher (10+ million transactions planned for the future), the MARK Blockchain transaction fee will be the equivalent of about 0.0009 Euro / per transaction (approximately $ US 0,001). The payment at point of sale or by app should be done in seconds, much faster than with current major payment methods. The confirmation of the transaction will be done by Delegated Proof-of-Stake (DPOS), because it’s speed, efficiency and decentralism. The blockchain will support Masternodes as well as easy to use and deploy smart contracts.





Security first. For the MARK blockchain we chose to use the more advanced elliptic curves (EdDSA) signing algorithm Ed25519, for better security than with ECDSA and DSA and very good performance. This algorithm is used to generate key pairs, which are cryptographically protected.
 
While we are using the BLAKE2b hashing algorithm to protect the network of nodes against network spam, Ed25519 ist used to generate the private key and the public key for MARK Blockchain wallets.
 
Why does our blockchain require such an effort? We wanted to create a blockchain which is incredibly secure due to the vulnerability of conventional computers. Only large, future quantum computers could possibly come close to breaching the MARK blockchain.
We will continue to work towards staying head technically in order to provide very secure transactions.

Online-Reference: J.-P. Aumasson, S. Neves, Z. Wilcox-O’Hearn, and C. Winnerlein, “Blake2: Simpler, smaller, fast as md5,” 2012. Available





Security first. For the MARK blockchain we embed the Byzantine Fault Tolerance (BFT) consensus, to check the node functionality checksum. On a node the BFT algorithm sends incoming messages to other nodes of the Peer-to-Peer(P2P) network to rule out the issue of Byzantine nodes.Further information



We are using the BLAKE2b hashing algorithm because of it’s high speed, security, and simplicity. BLAKE2b is a cryptographic hash function, optimized for 64-bit platforms (including NEON-enabled ARMs), faster than MD5, SHA-1, SHA-2, and SHA-3, yet it is as secure as the latest standard SHA-3. It produces digests of any size between 1 and 64 bytes.



Security first. For the MARK blockchain we are using the Delegated Proof of Stake (DPoS) consensus algorithm to maintaining irrefutable agreement on the truth across the network to validate it’s transactions. DPoS uses a reputation system and real-time voting to achieve consensus, it is a more decentralized protocol with a democratic, self-governing community, free elections, and overarching legitimacy. Delegated Proof of Stake is the fastest, most efficient, most decentralized, and most flexible consensus model available today.

• It is planned to place 210 million  MARK on the market over time (Market Supply). This means that they will primarily flow into the individual business units (e.g.,  MARKSwap  Exchange), connected partners, such as merchants or service providers.
• 140 million MARK remain in the vault of the company.
• 5 million MARK are available to the team (regulated by contractual Dividend agreements). If a team member of the company leaves, the remaining amount is available to the successor/s under the conditions stipulated in the contract.
• 5 million MARK are available for construction of technical infrastructure, and to build strategic partnerships or as entrance fee for admission to trading platforms.

MARK has no direct technical connection to the ERC20 Token MARKToken.
The growth of MARK is to be funnelled back to accelerate the successful expansion of the individual business units of MARKNetwork company.

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