What is a Crypto NODE?
A crypto node is a computer that is connected to a cryptocurrency network and is responsible for validating transactions and contributing to the overall security and stability of the network.
A crypto node can be a full node (Master node), which stores a copy of the entire blockchain and processes transactions, or a lightweight (or "thin".validators) node, which does not store the entire blockchain but still participates in the network by relaying transactions and blocks to and from full nodes.
Crypto nodes are important for decentralized cryptocurrencies because they help to distribute the workload and prevent any single entity from having too much control over the network.
By running a crypto node, an individual or organization can help to support the cryptocurrency and its underlying technology.
Chalenges to run a NODE!
There are several challenges and issues that can arise with crypto nodes:
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Scalability: As the number of transactions on a cryptocurrency network increases, it can become difficult for crypto nodes to keep up with the workload. This can lead to delays in processing transactions and can also increase the risk of network congestion.
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Security: Crypto nodes are vulnerable to attacks, such as denial of service (DoS) attacks, which can disrupt the network and make it difficult for legitimate transactions to be processed.
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Centralization: If a small number of crypto nodes dominate the network, it can lead to centralization, which can be a threat to the decentralized nature of the cryptocurrency.
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Maintenance: Running a crypto node requires ongoing maintenance and updates to ensure that it is functioning correctly and securely.
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Resource requirements: Full nodes require a significant amount of storage space to store a copy of the entire blockchain, which can be a burden for some users.
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Regulatory issues: Depending on the jurisdiction, there may be regulatory issues to consider when running a crypto node. For example, some countries have strict rules regarding the operation of cryptocurrency-related businesses.
Our Solution!
It is to implement scaling solutions, such as off-chain transactions and sharing, to increase the number of transactions that can be processed per second.
Another solution is to implement improved security measures, such as firewalls and secure protocols, to protect against attacks.
Regular maintenance and updates to ensure that crypto nodes are functioning correctly and securely.
Consider using resource-efficient solutions, such as lightweight nodes, to reduce storage requirements.
Ensure that compliance with any relevant regulations in our jurisdiction.
What we offer?
NodesHunter offers an affordable way for individuals to invest in different nodes.
Instead of requiring a significant financial investment, users can now purchase a percentage of a Node.
By selling CNFTs, that represent a stake in a node, we handle the Hosting, Security and distribute Rewards
Whay Us?
Our projected returns are realistic. We believe in providing accurate and realistic information to our investors, rather than making lofty and unrealistic projections. All of our return percentages are based on the number of CNFT-s held, not the dollar value of the asset.
In summary, we differentiate ourselves by providing more flexibility, lower fees, and realistic returns, making it more accessible and profitable for investors to get involved in world of nodes.
CNFT-s:
CNFTs, or Cardano non-fungible tokens, are digital assets used to represent ownership of something.
They are signed with a unique key and cannot be replicated.
This means that if you own an CNFT, you own a unique digital item that cannot be replicated.
NFTs for mining node are NFTs that represent ownership of a fraction of a mining node. This means that if you own a CNFT, you own a certain percentage of a mining node, which gives you the right to a certain amount of block rewards.
If you own more CNFTs, it means that you have more ownership over more mining nodes, which means you will have a higher chance of earning coins and a higher distribution of rewards.
In short, fractional CNFTs for mining allow people to own a part of a mining node for a fraction of the cost and also have advantages in reward distribution.
Collection Earnings:
The process for collecting your earnings is straightforward.
Earnings are distributed in ADA Behind the scenes, the process will look like this:
- The wallet that holds the CNFT's will receive the earnings.
- We will transfer the earnings to CARDANO.
- The earning tokens will be converted to ADA and sent to the collection contract.
- The contract is configured to provide each CNFT with a specific percentage of the collected earnings.
This percentage is based on the number of CNFTs.
Marketplace:
When it comes to buying or selling CNFTs, it's important to have options.
That's why we will have a secondary marketplace where users can buy and sell their NodesHunter CNFTs.
This way, CNFTs are not a sunk cost and holders are potentially able to sell their NFTs at a gain or loss.
Users will be able to set their own selling prices on the secondary market so that they can take advantage of an appreciating asset.
It's important to keep in mind that nodes pay out rewards are in ADA, so if the price of that coin appreciates, the fiat value of those rewards also increases.
It's also worth noting that there will be a 5% royalty on all secondary CNFT sales.
All CNFTs will be minted on the CARDANO Network, which is a more scalable, secure and cheaper network than Ethereum.
This will make the buying and selling process faster, more efficient and more cost-effective for our users.
In summary, the secondary marketplace for NodesHunter CNFTs will give users more flexibility and potential for profit in buying and selling their CNFTs,
Fees:
The total fee will be at cost of hosting + a 10% service charge.
This fee will be taken out before the rewards are sent to the claiming contract.
The first Node:
The initial node that will be managed by NodesHunter will be a STRATUS FLUX node.
The structure of the Stratus FLUX Node requires 40000 FLUX tokens, as well as specific Hardware and Software support, which we provide and maintain."
To account for any possible changes in the value of FLUX, an extra 10% will be added as a precautionary measure.
Any leftover tokens after the node has been staked will be collected in a "cup" for expanding the network of nodes.
Awards Distribution:
