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How do super nodes make money How do super nodes make money

Date:2024-05-02 18:00:17 Channel:Exchange Read:
In today's digital currency field, super nodes have become a popular way to make money. So, how do super nodes make money? What are the ways for super nodes to make money? Let us uncover the mystery of this digital world and delve into how super nodes make money.
As a special network node, super nodes play a vital role in the blockchain system. Not only do they provide security and stability to the network, they can also be used to generate revenue through different mechanisms. Next, we will explore how super nodes make money from different perspectives.
First, let’s look at how supernodes make money by validating transactions. In the blockchain network, super nodes bear the responsibility of verifying transactions. They need to confirm the validity of the transaction and record it on the blockchain. In return, they receive a percentage of transaction fees. This method is similar to a bank charging transaction fees and obtaining stable income by constantly verifying transactions.
In addition to verifying transactions, super nodes can also earn revenue through voting. In some blockchain systems, node holders can decide important matters through voting, such as upgrading protocols, adjusting reward mechanisms, etc. By participating in voting, super nodes can receive certain rewards, motivating them to actively participate in the governance and development of the network.
In addition, some blockchain projects also adopt a staking mechanism to incentivize super nodes. Node holders need to lock a certain number of tokens in the network as pledge to ensure that they will not operate the network maliciously. As a reward, they can earn additional tokens or interest income. This method can not only increase the security of the network, but also motivate node holders to support the project in the long term.
In addition to the methods mentioned above, some innovative projects have also tried other money-making models. For example, some projects have adopted a dividend system to distribute a portion of the network revenue to all super node holders. This method is similar to the dividend policy of a joint-stock company, allowing all participants to share the benefits of the network. This model can not only motivate node holders to maintain stable operation, but also increase their sense of belonging to the project.
In general, there are many ways for super nodes to make money, and each method has its own unique advantages and risks. Node holders need to comprehensively consider their actual situation and risk tolerance when choosing a way to make money. Only by choosing a method that suits you and participating in the network persistently can you obtain stable income.
In this era of booming digital economy, super nodes, as an emerging way to make money, provide investors with more choices. By having an in-depth understanding of how super nodes make money, we can better grasp investment opportunities and achieve wealth growth. Let us seize the opportunities of this digital era together and start the journey of making money as a super node!

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Speaking of super nodes, I don’t know if everyone understands this concept in the blockchain field. In fact, the blockchain super node is composed of a number of different master nodes. It is essentially a master node that can collect, package, and verify transaction information to the nodes in the block. Some of our common projects that use the DPOS consensus mechanism can use super nodes. In fact, its name used to be witnesses, but later it was changed to super nodes, and those nodes that were not selected became alternative nodes. What many investors want to know is how do super nodes make money? Let the editor of the currency circle introduce to you how super nodes make money.

 How do super nodes make money?

Super node income comes from block production rewards. The reward given by EOS to super nodes (by issuing additional EOS) is currently 1% per year, which is 10 million EOS. If 21 nodes share it equally, based on the EOS price of 50 yuan, each node will receive 470,000 EOS, worth 23.5 million yuan. (If EOS neither falls nor rises). Compared with the benefits, the cost is simply a drop in the bucket, so there is a scene of "countless heroes competing to give up".

Let’s briefly introduce the process of block generation in EOS. Super nodes can be understood as miners in the POW system. The block production process of EOS is similar to that of the Bitcoin system, which collects transaction information in the network and packages it into blocks. The difference is that the super nodes in EOS do not need to complete the entire workload to prove it, and can directly broadcast blocks to the network for other nodes to verify.

In the EOS system, every 126 blocks generated is one block cycle, that is, each super node should generate 6 blocks in one block cycle. During the block period, the EOS system is set to generate a block every 0.5 seconds. At the beginning of each block cycle, EOS will elect 21 super nodes based on the token voting results. Then these 21 super nodes will agree on a block generation order, and these nodes will generate a block every 0.5 seconds in this order.

If a node does not produce a block within the specified time, the block will be skipped and a timestamp gap will be left on the blockchain. If a node has not generated blocks in the last 24 hours, it will be removed from the super node candidate list. Once a node completes block production and is verified by other nodes, it can add the block to the blockchain and obtain new tokens as block rewards.

 The development prospects of super nodes

First of all, ETH is the first to launch smart contracts. Running smart contracts on ETH is not free and depends on your gas. Once the gas is exhausted, the contract will stop. According to people who have used it, the ETH trading platform is slow, laggy, and expensive. But EOS does not have this problem. Running contracts on EOS depends on the number of EOS you have. The more EOS you own, the more you can rent and the more rewards you will receive. Secondly, it is very simple to develop DPOS on EOS. You do not need to write a lot of modules yourself, because EOS itself has built underlying modules for developers, which provides a platform and greatly lowers the development threshold; here, as an ordinary Investors, owning EOS is equivalent to owning land and real estate, which can be used to rent out and earn funds.

Dan
Larimer believes that production rewards should be divided into three parts, namely, super node block production rewards, backup node rewards, and new proposal rewards. The specific proportion is not yet clear. EOS tokens represent the usage of bandwidth, computing power, storage space and other resources in the EOS ecosystem. Build a good ecosystem and attract developers to develop high-quality applications. As more and more businesses are carried out on the EOS blockchain, the resources on EOS will become a scarce commodity, thus supporting the price of EOS tokens and allowing it to
the moon.

The above is the detailed explanation of the editor of the currency circle on how super nodes make money. Through the introduction of the above article, we know that the super node actually just has a fancy name, but it is actually not that complicated. We can simply imagine the super node as a mining site. As long as the super node starts operating, it will change according to how the node wants to use the EOS ecosystem. In addition, because the super node uses a decentralized voting mechanism, it is more democratic than other consensus algorithms and is less likely to be monopolized by big players in the currency circle. Moreover, due to the reduction in the number of nodes, , so the efficiency of task execution will be further improved.

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