Nodes
Defining the different types of nodes who support the VeChain ecosystem.
What are nodes in blockchain networks?
In blockchain networks, nodes are individual computers or devices that participate in maintaining the blockchain's network by
validating
storing
relaying
transactions and blocks.
As with any peer-to-peer network, nodes play a crucial role in the overall functioning and security of the network. The more nodes who contribute to the network, generally the more robust and secure the network will be.
What are the different types of nodes that support the VeChainThor blockchain?
The VeChainThor network is supported by various different types of nodes, who all contribute to the ecosystem in a particular way.
Authority Masternode (AM)
AMs are responsible for keeping operational both consensus and block production on the VeChain network. There are 101 AMs who are authorised, via an on-chain whitelist, to validate and propose blocks on the VeChainThor blockchain. As a reward, the AM who has proposed a block receives 30% of all VTHO used for the transactions (gas fees) in a block, with the other 70% being burned.
There's a rigorous process implemented in order for a person/entity to run an AM:
Be vetted to ensure they have a legitimate identity;
Hold 25M VETs as collateral; and,
Run and manage the node with a certain guaranteed level of performance and availability.
Economic & X-Nodes
With only 101 nodes being responsible for the network, both VeChain Economic and X-Node programs aims to increase stability in the VeChain ecosystem and act as a distribution of power and privilege within the blockchain’s economy.
Both nodes are governance tokens and are tight to a minimum requirement of VET soft-locked in the wallet, and the two node types but have slightly different requirements.
Rewards
--
VTHO generated from 5bln VET X-Node pool.
Application
Applied for based on minimum VET required or purchased on secondary market.
X-Node non-fungible tokens (NFTs) were distributed upon mainnet launch but can be purchased on secondary market.
Upgrade
Upgradeable, minimum threshold of next tier applies.
Upgradeable, minimum threshold of next tier applies.
Revoke
VET drops below current level minimum threshold then node level gets downgraded.
Unclaimed VTHO can be claimed.
VET drops below current level minimum threshold then Node token loses X status and becomes an Economic Node. VeThorX node in this case gets destroyed as lowest X level node Unclaimed VTHO can be claimed.
1,000,000 VET
10 days
1 EN Votes
5,000,000 VET
20 days
5 EN Votes
15,000,000 VET
30 days
15 EN Votes
600,000 VET
25%
-
1 XN Votes
1,600,000 VET
100%
30 days
3 XN Votes
5,600,000 VET
150%
60 days
10 XN Votes
15,600,000 VET
200%
90 days
26 XN Votes
Full Nodes
Full nodes can be deployed by anybody by running an instance of the VeChainThor node software, and they support the network in a few fundamental ways. Full nodes, once fully synced, can relay new transactions into the network for AMs to build into blocks. Full nodes also enable people to query the VeChainThor blockchain and get the blockchain data from the chain to other systems to be processed. They also increase resiliency as they have a complete copy of the blockchain history stored.
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