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