Masternode

UNDER CONSTRUCTION'

Defichain Masternode

In January 2021, the Masternode- and Stakeholders decide in DFI Proposal #4 to reduce the Collateral for one Masternode to 20000 DFI.

At March 1, 2021, the Hardfork named DAKOTA was implemented in Block 678000 and reduce the Collateral.

Now it is time for the Holders of DFI, to make the network more stable, let decentralization grow and participate in the network with operate a own Masternode.

HowTo to create a Masternode

There are several ways to operate a Masternode in Defichain Network.

1. Ownernode at "Home"

The first possibility is to run the Masternode on a Personal Computer, Laptop or Apple MacBook or something similar in your Home-Network. You can place the hardware, in your office, living room or in your childs room. You are free to decide to do what you want.

The only things you need:

• internet connection
• hardware with the APP-Wallet
• 20000 DFI in this Wallet for the Node, 11 DFI for creation and Fees.

Pros:

• This is the simplest setup and you only need a few clicks to run it.
• Dont need extra Hardware, use your existing machine with the wallet on it.

Cons:

• When your machine is offline or your internet connection is down, you cant participate in the network and staking - no rewards in this time.
• You must open the Port 8555 in your Router, so that your Node can be reached from the internet.¹
• When you open the Port, you present your wallet.dat to the public internet, maybe A possible target for attackers.

[1] You must not open the Port to participate in staking, but without this open port, you dont help to stabilize the Network and no one can use your node for sync or other implemented features

2. Ownernode and Operatornode at "Home"

In this scenario you have two Nodes or APP-Wallets in your HOME-Network. One machine act as the Ownernode and held the Collateral of 20.000 DFI. This can be your Macbook, Laptop or Personal Computer. You start this machine, when you need it, only to transfer some Token or use the Exchange or send Rewards to another address.

The other machine ist your Operatornode. This can be another Laptop or PC or Raspberry or a Home-Server. You only need the actual Nodeversion on it. No Collateral, no Wallet-APP. You can open Port 8555 in your Router to this machine to present Networkservices and make this Node public for other Nodes. Because this Node has no Coins or Tokens, the securty risk is much less then in scenario 1.

Pros:

• Open Port only to the Node without Coins or Token in it.
• Run the Node at home, nevertheless stabilize the Network over opened Port 8555 (only possible with static IP.)

Cons:

• When your Operatornode is offline or your internet connection is down, you cant participate in the network and staking - no rewards in this time.
• Hardware for Home mostly not suitable for 24/7 continuous operation (power supply, SSD or another disc etc.)
• Need another hardware for the operatornode
• You need a static IP-Address to present your Node in the Network.
• An unstable or slow internet connection (upload) is bad for the stability of the network

3. Ownernode and Operatornode in a datacenter

The prefered scenario in a Hot/Coldwallet solution. Your APP-Wallet run at your own machine at home like in option 2. This Wallet contains the Collateral of 20.000 DFI and must only active when you want to act with your Wallet or Node.

The Operatornode is hosted in a professionel TIER 1-3 Datacenter. A simple Virtual private Server is enough, no big Rootserver or something else needed.