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First POW Tier MN Platform: Efficient Management of Tiered Masternodes

The client faced challenges in making their Proof-of-Work masternode system accessible to more investors due to the high entry barriers of traditional models. We created a tiered masternode system with multiple collateral options to solve this, promoting inclusivity and participation in their blockchain network.

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Client Needs

The client required an advanced solution to manage tiered masternodes using an EVODB-based MN system. They sought to integrate the masternode creation process into a web wallet, ensuring a user-friendly experience while maintaining high levels of security and scalability. Achieving efficient masternode management and seamless wallet integration were key goals for this project.

INDUSTRY
Cryptocurrency
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"We aimed to create an inclusive blockchain network. The tiered masternode solution allowed individuals with different investment levels to secure and govern the network, fostering a stronger, engaged community."

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Problem
Traditional Proof-of-Work (POW) masternode coins often present a significant barrier to entry for many investors. The requirement of a large, single collateral amount for setting up a masternode can be prohibitive, excluding those with limited capital from participating in network governance and earning rewards. This limitation restricts the decentralisation and overall accessibility of the blockchain network.
Storing and managing tiered masternode lists on the blockchain posed a challenge, requiring a reliable and scalable system to handle multiple tiers effectively.
Solution
We developed the first-ever tiered POW masternode coin, revolutionising the traditional model by introducing multiple collateral tiers. This innovative approach allows individuals to participate in the network with varying investment levels, accommodating different budgets and risk appetites. By offering three distinct masternode collateral options, we effectively democratised access to masternode operation, opening up opportunities for a wider range of investors.
We developed a blockchain with a Proof of Work (PoW) mechanism, implementing a tiered masternode system using EVODB. This approach ensured that the masternodes were efficiently managed and seamlessly integrated into the blockchain.
Snapshot of Technology Stack
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Results Achieved
01
Increased Network Participation
Significant growth in the number of active masternodes.
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Enhanced Community Engagement
A more diverse and active community contributing to network governance.
03
Improved Network Stability
Greater decentralisation led to enhanced network resilience.
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We aimed to redefine traditional masternode coins with a unique offering. The first tiered POW masternode coin has distinguished our project and boosted network participation and security. We are proud to lead innovation in blockchain.

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