EOS Super Node Competition - Blockchain Version of Game of Thrones

This article discusses the following 7 questions

1. What are 21 master nodes and 100 backup nodes?

2. How to calculate the node's income?

3. What kind of organizations (people) can become nodes?

4. What is the significance of voting for ordinary coin holders?

5. How to vote with the EOS in our hands?

6. What is your opinion on the recent hotly debated issue of using EOS dividends to bribe voters?

7. Which nodes are participating in the election now?

What are 21 master nodes and 100 standby nodes?

21 main nodes and 100 candidate nodes. These nodes are responsible for packaging. Although not everyone can be a node, everyone needs to participate in voting. Nodes can actually be understood as subsidiaries or directors of EOS. They share the same values ​​with EOS and help EOS become the underlying public chain, allowing more developers to develop better DAPPs and more people to enjoy the convenience brought by blockchain technology.

How is the node's revenue calculated?

According to the current market value of EOS, the token market value is about 3.5 billion RMB. Witnesses can share a total of 175 million in rewards. There are 21 main witnesses and 100 standby witnesses. EOS witness nodes are computers that maintain the operation of the entire EOS blockchain, including bookkeeping, smart contracts, providing CPU bandwidth and memory, etc. Becoming a witness can obtain annual additional income. The annual inflation income set by the EOS network is up to 5%. Most of it is distributed to all nodes as bookkeeping rewards and equipment purchase rewards, and a small part is given to projects that contribute to the EOS system, such as technology, community, etc.

This is why so many people participate in node competition, because we know that when the benefits are greater than the costs, there will be profits, and with profits, individuals will be motivated to obtain these profits.

What kind of organizations (people) can become nodes?

In fact, the term "node" means the department that runs the EOS network. These are needed to assist in the technical development of EOS, maintain the EOS ecosystem, and operate the EOS community. This is for community maintenance and expansion, and also to obtain incentives for super nodes.

1. Hardware threshold. Running EOS nodes requires certain hardware performance to maintain the efficiency and security of the network. The cost of a single machine currently announced by EOS can be found on AWS:

The cost of a single machine with more than one configuration is 13.338 USD per hour, which is 86.697 RMB per hour, or 760,000 RMB per year. The above prices do not include bandwidth. According to estimates by experienced people, the investment in a single machine with more than one configuration will not be less than 1 million RMB.

2. Number of votes. There are two ways to get votes: buy enough EOS yourself, or get votes from users who are not running for nodes. So it is not about owning EOS, but how many people will vote for you. The organization must have its own influence, and the leader can express opinions on behalf of the community.

3. The team must have strength, the ability to maintain software and hardware, and the ability to promote resources for the EOS ecosystem. The community will never mistreat those who contribute, and only those who can truly help the development of EOS will have the opportunity to become nodes.

So what does voting mean to ordinary coin holders?

1. 1EOS = 1 vote, with a total of 900 million votes. You can use tokens to exercise your voting rights. The purpose of buying EOS to exercise your voting rights is to make EOS a digital currency that exceeds ETH and BTC. Let EOS increase its resources to expand its value, and the node will distribute the benefits to those who voted for it.

2. Considering the overall interests of EOS, what kind of nodes can promote the faster and more sustainable development of the EOS ecosystem and make EOS appreciate better.

3. It is possible to get dividends from it. Even if it is not EOS, it may be candy from other DAPPs, which is a practical benefit. Of course, it may also be EOS dividends from nodes, which is also a hot topic in the community recently.

How to vote with the EOS in our hands?

We need to wait until the mainnet is launched before we can proceed. Currently, there is no way to vote on the EOS exchange. This is mainly to prevent the exchange from using up our voting rights, so it ultimately needs to be completed in the wallet or EOS tools.

The MORE wallet will also be officially launched after May, and everyone can vote in the wallet to obtain income and candies.

What is your opinion on the recent hotly debated issue of using EOS dividends to bribe voters?

1. The New York community of EOS is firmly against dividends, using dividends to bribe voters, and not caring about the value of your contribution. If you give me dividends, I will vote for you. For those who care about short-term interests, the nodes that give enough benefits are ultimately unable to promote the long-term advancement of the EOS ecosystem and have no sustainable development.

2. BM responded in the official Telegram group that the most honest way to bribe votes is to burn EOS coins to prevent inflation in the entire network, thereby benefiting all network users and indirectly subsidizing holders of the entire network. But I think the significance of voting itself is to select nodes that can promote the EOS ecosystem in the future. From the perspective of the interests of voters, why should they use their voting rights to subsidize the entire network?

3. The community is considering formulating a constitution for the EOS blockchain. Nodes cannot be allowed to use the dividends of their earnings as an indicator for participating in elections. Because no one can predict what impact unqualified nodes will have in the future if they obtain nodes in this way. For node dividends, it is more favorable to destroy the excess tokens obtained to increase the value of the tokens. Or use these excess tokens to support DAPP, invest in the DAPP ecosystem and DAPP development team and community. Different incentive forms can be determined according to different stages. Encourage developers to strengthen their own DAPPs, and then distribute the final benefits to users.

Which nodes are participating in the election now?

There are currently 54 organizations preparing EOS candidate nodes. There are currently 6 candidate nodes in mainland China (OracleChain, EOS Gravity Zone, EOS ShenZhen, EOS Alliance, EOS LaoMao, Coin Capital)

There are currently 6 candidate nodes in mainland China

(OracleChain, EOS Gravity, EOS ShenZhen, EOS Alliance, EOS Old Cat, Coin Capital):

1. OracleChain

2. EOSUNION (EOS Ecological Alliance)

3. EOS Gravity

4. EOS ShenZhen

5. EosLaoMao (Old Cat)

6. INBlockchain (Coin Capital)