Zcoin News: What are ZNodes?

in #zcoin7 years ago


Znodes are high-performance nodes that allow an extra layer of services.
To get a Znode, you will be required to deposit a certain amount of ZCoin into a wallet (This amount isn't determined yet, but we are thinking around 1000 to 3000, just a guestimate.) to form a Znode, and a regular payout will be shared amongst Znodes.
Znodes also act as an additional layer where we can implement other services, such as the decentralized market, etc.
Znodes, also do the heavy-lifting because they are high-performance so that regular nodes, that don't really have that high-performance, and so can just do some light lifting.
Znodes will and can provide a strong incentive to accumulate and hold ZCoins, This will discourage pure price speculation and promote price stability.
The best part is, the creation of ZNodes will allow the ZCoin Project to continue to progress and develop.

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I was reading up a little on Znodes and one of the selling points is you don't have to buy expensive hardware, but this article says you would need to have 1000 to 3000 Zcoins in order to run the node. So at todays price that's $23,000 to $69,000. I think if you have that type of money to invest you could afford some expensive hardware.