Singapore-based project Zeepin, whose blockchain is focused on providing a “creative smart economy”, has released a description of its upcoming “Galaxy Node” masternode program. Galaxy Nodes are “full” network nodes, that keep a full copy of the blockchain online at all times, and participate in governance of the Zeepin Chain by voting.
Zeepin will begin with 51 Galaxy Nodes. Galaxy Nodes will be voted in by stakeholders, and will serve the following functions for the Zeepin Chain:
- Instant transactions
- Network security
- Governance and voting
- Private transactions
Zeepin has published a full economic model for its node system. Zeepin has announced that it will be offering a 5% annual return for the ZPT mortgaged as collateral to become a node. It will also be offering extra GALA tokens to incentivize the nodes.
The 51 Galaxy Nodes (9 consensus nodes and 42 candidate nodes) will split the transaction revenue for Zeepin’s entire blockchain.
Zeepin’s Galaxy Nodes announcement can be read in full at the following link: https://medium.com/@zeepin/why-zeepin-chain-needs-masternodes-galaxy-node-cluster-71cfdb42b208
More information on Zeepin Chain can be found through the links below.