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A deep dive into Masternode security and how we think that has been approved with the Sinovate solution.
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https://medium.com/@moorent99/sinovate-infinity-nodes-vs-masternodes-3a6db06df4fa

This a blog post I wrote about Sinovate and their "Infinity Nodes" vs. usual masternodes. We think this improves security of a masternode network significantly and allows us to leverage some new features, due to the way it incentivizes node holders to maintain their node for a long period of time.

It introduces a new transaction type called a BurnTx, when a node is locked up, the funds are immediately burnt but the node holder then receives them back plus a minimum of 22% over the lifetime of the node. This has a max life of around a year and the percentage earned can differ depending on how many nodes are locked up at anyone time.

This keeps a tight control on inflation but also has some important implications for the attack vectors that can be used against masternode networks. I cover these and explain them.

Would love to get some feedback as think this solves some issues other masternode projects have faced over time.

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5 years ago