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  • Master Nodes
    • Overview
    • Master Node Functions
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      • Master Node Full Guide
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      • Master Node Docker Setup
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  1. Master Nodes

Overview

An overview of Beldex Master Node

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Last updated 7 months ago

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Although Beldex implements novel changes on top of the (, & ), much of Beldex’s networking functionality and scalability is enabled by a set of incentivised nodes called Master Nodes. To operate a Master Node, an operator and provides a minimum level of bandwidth and storage to the network. In return for their services, Beldex Master Node operators receive a portion of the block reward from each block.

The resulting network provides market-based resistance to Sybil attacks, addressing a range of problems with existing mixnets and confidentiality-focused services. This resistance is based on supply and demand interactions which help prevent single actors from having a large enough stake in Beldex to have a significant negative impact on the second-layer confidentiality services Beldex provides. first theorised that Sybil attack resistant networks can be derived from cryptoeconomics. As an attacker accumulates Beldex, the circulating supply decreases, in turn applying demand-side pressure, driving the price of Beldex up. As this continues, it becomes increasingly costly for additional Beldex to be purchased, making the attack prohibitively expensive.

To achieve this economic protection, Beldex encourages the active suppression of the circulating supply. In particular, the and must be designed to ensure enough circulating supply is locked and reasonable returns are provided for operators to ensure Sybil attack resistance

Master Node Activities

Right now Master Nodes are full nodes on the Beldex network. Full nodes become Master Nodes when the owner for 30 days (2 days on testnet) and submits a registration transaction. Once accepted by the network, the Master Node is eligible to win . Multiple participants can be involved in one Master Node and can have the reward automatically distributed.

Guides & Resources

Guide/Resource

Description

Setting up Master Node

How to host and maintain a Master Node using the .

How to update your Master Node version.

How to use JSON 2.0 RPC Calls with Master Nodes.

Beldex Block explorer showing the current Master Node Pubkeys.

CryptoNote protocol
ASIC Resistance
Dynamic Block Size
Static Ring Signatures
time-locks a significant amount of Beldex
DASH
emissions curve
collateral requirements
locks the required amount of Beldex
block rewards
CLI wallet
Updating your Master Node
Master Node RPC
Active Master Node List