How Proof of Stake Works with PROT Masternode
Proof Of Stake
As a two-tier network, PROT encourages participants in the staking and masternode tiers to maintain the state of the network. Users contributing to the network via POS receive a reward by storing 5,000 PROT as collateral for the masternode to support the network. Both are a means of getting rewards as time goes by, but the amount and means are different.
Masternode and Staking
The POS system of staking and masternode rewards for PROT operate as a mechanism similar to other masternode based cryptocurrencies. PROT, however, provides a reward table of nonlinear functions reflecting the results of the selected cryptocurrency. This will adjust the number of masternode participants for each segment and the profitability of its participants in an ideal range. In order to successfully implement the masterplan of PROT, the number of participants willing to take on the role of a masternode donor must be large.
We would be very grateful for any donors’ contribution to the project and thus create a non-linear reward plan for the donor’s asset value and successful return, and place a higher weight on the masternode between staking and masternode balances. PROT understands that the masternode is the most important contributor to the network, and it is of priority value to protect the masternode’s reward and asset value.
Participation in Masternode
To function as a masternode, 5,000 PROT Coins must be made available as collateral and a WINDOWS or LINUX based computer that can be connected to the Internet 24 hours a day with a static IP address is required. Detailed setup instructions will be available through GITHUB and PROT Coin’s official website.
PROT recognizes that the process of building a masternode right now might be cumbersome and a difficult task for a majority of people. We also know that post-build management is not intuitive, that some errors will occur, will involve cumbersome procedures, and demand the use difficult console commands.
These problems will be a big obstacle for anyone willing to become an early adopter to the platform, but PROT is working on a way to ease the process of onboarding and maintenance. When realized, PROT’s master plan will include a very easy, convenient and fast masternode construction and operation tools that can be accessed through your smart mobile device. This will be a much simpler task compared to today’s method of setting up a masternode, so please stay tuned for further news.
Participation in Staking
The staking of PROT can be carried out regardless of the number of PROT Coins that are available and can be selected and staked at any time desired by the user. The balance of rewards is somewhat different from other existing masternode projects. PROT is focused on the masternode and does not welcome the appearance of a high stake in the source. In addition, due to the nature of staking, the barrier of entry is high for non-experts and we present an unequal reward to minimize the possibility of diluting the value of the masternode.
PROT Reward Balancing
Existing masternodes have the possibility of getting more rewards than the masternode reward with the same amount of coins due to the random checking nature of the staking. On the other hand, this means that you can get less rewards than the expected average amount. To prevent this, we provide a large unequal reward and promise close to average rewards.
- PROT STAKER finds block: Master Node 80%, Staker 20%
- PROT Masternode finds block: Master Node 90%, Staker 10%
