Resistance Masternodes: A Complete Guide
This guide will provide you with the knowledge to start your own Resistance Masternode. We will also cover frequently asked questions from our community. As well as receiving a share of block rewards, Masternode holders will be able to vote on proposals and approve grant funding. Let’s get started!
Getting Started Tutorial
If you’re looking to create your own Resistance Masternode, this tutorial is the best place to start.
Staking
The minimum RES required to stake a Masternode is 10,001 RES. There is currently no maximum , which means you can stake as much as you want for a single Masternode instance. Your reward, in this case, would be proportional to the amount you stake using the following formula.
Proportion of Reward = Your Stake / Total Stake
Securing The Network
Resistance Masternodes provide additional benefits to the network and receive 30% of every block reward. Right now, Resistance Masternodes fulfill two key roles (though their responsibilities will be increased in the near future).
- Incentivizing people to run full nodes on the Resistance network
- Incentivizing users to hold their RES, thus stabilizing the currency
It is crucial we have as many Masterndoes running the full Resistance blockchain as possible.
Infrastructure
As Resistance grows and mining becomes more competitive, many users will choose to join mining pools rather than mine Resistance directly. When users start mining in pools rather than on their own full nodes, the number of full nodes on the network decreases. This pushes the network towards centralization, which is a threat to blockchains that solely rely on Proof of Work.
It is also essential that the Resistance cryptocurrency maintains a stable and accurate value, and that it isn’t used by wealthy individuals to “pump and dump” the Resistance coin supply. “Pumping and dumping” is the process by which perpetrators acquire a large number of coins at a low price, then artificially increase the value of that coin to create hype and, in turn, drive up prices.
When other potential buyers see these huge price spikes, they are encouraged to purchase coins. At that point, the perpetrators “dump” their coins for a huge profit and the price tumbles. To help mitigate this issue, and to control the stability of the coin, Resistance Masternodes are required to hold the minimum 10,000 RES at all times.
Support
If you’re having issues with your Masternode or still have questions, feel free to contact info@resistance.io.
