NEO Details the Process of Becoming a Consensus Node on Its Network

NEO Details the Process of Becoming a Consensus Node on Its Network
фото показано с : blokt.com

2018-11-6 22:59

The NEO public blockchain project backs NEO, the 15th largest cryptocurrency in the world. It has two distinctive tokens, NEO (NEO) and NEOGas (GAS). Of these two, NEO has 100 million tokens of which 50 million have been distributed to supporters while the other 50 percent is managed by the NEO Council to support the long-term development of the blockchain ecosystem. Now, the project is detailing exactly how these tokens will be used, and how new consensus nodes will be added to the blockchain.

Governance, Coins and More

The second portion of the 50 million NEO coins will not enter exchanges. Of these, 10 million tokens will be used to motivate NEO developers and kept for the members of the NEO Foundation. Another 10 million tokens will be used for motivating developers of the entire NEO ecosystem. 15 million will be used for cross-investment in other blockchain projects while the last 15 million will be kept for meeting contingencies.

The NEO blockchain depends on both on-chain and off-chain governance methods. However, it expects on-chain governance to be the primary method of governance in the future where NEO token holders manage the network using GAS generated from NEO. Off-chain governance largely rests with the NEO Foundation. It works towards developing core projects on the blockchain, promoting the NEO ecosystem and maintaining the consensus nodes of the network. The Foundation will also be voting for qualified partners who want to run a consensus node on the network.

How to Become a Consensus Node?

The consensus node candidates can either be on-chain or off-chain, due to the difference in governance styles. The former will be selected on the basis of NEO community votes while the latter will forge a strategic partnership with the Foundation. Though consensus nodes will be paid a network fee, new economic models are also being discussed.

To apply for the nodes, an applicant must have a public website, social media accounts, a location, organization name and a list of at least two-thirds of the team with pictures and background qualifications of each member. Additionally, applicants will have to list their contact methods, their solutions to long-term stability, maintenance, safety and security of the node and their failure tolerance/recovery backup options along with budget and plans for potential hardware scaling.

Minimum hardware specifications include a 4 Core GPU, 10M bandwidth, 8 GB Ram and 100G Hard drive.

NEO Details the Process of Becoming a Consensus Node on Its Network was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

NEO (NEO) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $15.41
Капитализация $0 Rank 99999
Цена в час новости $ 16.12 (-100%)

neo two tokens million blockchain cryptocurrency becoming

Источник: blokt.com

neo two → Результатов: 35


Фото:

The Ever Expanding NEO Ecosystem Continues To Grow With New Token Additions

Whilst you may see NEO as a little stagnant at the moment, the actual NEO ecosystem is seeing fantastic growth. At the time of writing, NEO is valued at just $18. 54, down 1. 28% from yesterday. Ranked 14th for market cap according to Coinmarketcap, NEO is slowly slipping back into the background, though with the addition of another two tokens onto the NEO ecosystem, we could see NEO take a sudden change in direction.

2018-10-2 15:00


EOS Ranked 1st, Bitcoin 17th in China’s Updated Crypto Ratings

China has released the second edition of its state-endorsed cryptocurrency and Blockchain ratings, placing Chinese altcoin EOS top of the list and Bitcoin 17th. EOS, Ethereum And NEO Win Official Favor Round two of the Global Public Chain Technology Evaluation Index, published by the China Center for Information Industry Development (CCID) under China’s culture ministry June 20, follows the initial launch of the ratings series in May.

2018-6-22 20:00


Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Maker whale activity surges by 1400% - Time for MKR's price to break out?

Large transaction volumes for Maker rose by over 1,400% in just two days  Despite rising whale activity, technical indicators and on-chain metrics flashed mixed signals for MKR  Maker (MKRThe post Maker whale activity surges by 1400% - Time for MKR's price to break out? appeared first on AMBCrypto.

Is Ethereum set to outperform Bitcoin? Key data suggests...

Analysts predicted that Ethereum could outperform Bitcoin due to key indicators. Ethereum spot ETF inflows and ascending price channels indicated potential price targets up to $10,000. EtherThe post Is Ethereum set to outperform Bitcoin? Key data suggests... appeared first on AMBCrypto.

QNT's latest breakout can push altcoin's price to THIS level...

QNT's breakout from its descending trendline and bullish indicators signaled potential gains to $229 On-chain metrics and declining exchange reserves highlighted growing demand and reduced sellThe post QNT's latest breakout can push altcoin's price to THIS level... appeared first on AMBCrypto.

XRP's $1 at risk? As trading volume drops 77%, concerns rise

XRP's $1 milestone seemed uncertain, as daily active addresses declined significantly. Ripple's trading volume dropped from almost $3 billion to around $207 million. After months of consolidThe post XRP's $1 at risk? As trading volume drops 77%, concerns rise appeared first on AMBCrypto.

NEAR rallies 12% in 7 days: Is $8 on the cards?

NEAR traded at $5.79 at press time, gaining 12% in seven days with $712M daily trading volume and $7B market cap. Futures Open Interest dropped 5% while TVL hit $260M, signaling steady ecosysteThe post NEAR rallies 12% in 7 days: Is $8 on the cards? appeared first on AMBCrypto.

TRON's USDT dominance - Here's what that means for TRX's price

TRX recorded gains of over 26.17% in the last 30 days TRON's USDT weekly volume surpassed 150 billion - A sign of strong adoption TRON, at the time of writing, was valued at $0.1986 with a mThe post TRON's USDT dominance - Here's what that means for TRX's price appeared first on AMBCrypto.

CVX crypto soars 20% in 24 hours - Is $5 the next target?

CVX crypto pumped 83% on the 19th of November; will the uptrend continue?  A notable whale could have triggered the wild upswing, per an analytics firm.  Convex Finance’s native token, CThe post CVX crypto soars 20% in 24 hours - Is $5 the next target? appeared first on AMBCrypto.