Last month it was announced Ontology Triones node applications would remain open and the network would continue to grow as business on Ontology grows.
Karathen has now joined the Ontology Triones candidate node network with a current stake of 100,010 ONT. Karathen is a decentralized multi-chain wallet app which supports ONT, BTC, ETH, NEO, and EOS. It also supports dApps and different kinds of hardware wallets. Karathen will soon support Ontology dApps and promote them within their community.
Consensus node reward adjustments
Ontology recently expanded its consensus network to 8 nodes, welcoming Jumple Foundation to the consensus network. As the consensus network continues to grow, Ontology would like to create a fairer opportunity for candidate nodes joining the expanding consensus network to offer competitive reward shares to users authorizing stakes in them. That is why the reward proportion for authorized stakes in the original 7 Ontology Foundation-managed nodes (Mixar, Alioth, Dubhe, Merak, Phecda, Megrez, and Alkaid) each recently reduced their reward share to 80% after Ontology suggested lowering the reward share. The reward deduction will pay for node operation costs and the remainder will be put towards ecosystem funds.
We are in the process of introducing new consensus node partners and are confident in that creating this new reward structure will attract more big players to Ontology. We will announce detailed information on how Ontology plans to increase its consensus network in the upcoming Governance White Paper. In the meantime, if you would like to become an Ontology node, read more and apply here.