Signum’s Cashback: A Win-Win for Use Cases and the Network

Signum is a decentralized blockchain network that prides itself on keeping its mining power and nodes decentralized. To further promote decentralization, Signum has introduced a new incentive for users to run their own nodes.

By connecting to the Signum network and running their own node, users can earn 25% cash back on the paid fee when their node checks a transaction. This means that even short-term node runners can earn rewards for helping to maintain the network.

Win-win for all

Introducing this cashback feature is a win-win for both the network and use cases. For the network, it promotes further decentralization by encouraging more users to run their own nodes. This, in turn, makes the network stronger and more distributed worldwide.

For use cases, running their own node means they can benefit from their own infrastructure for the Signum network. For example, a smart token creation on the Signum network costs 150 Signa. When the transaction is signed with a node that benefits the Cashback to the user/use-case account, 25% of the fees, or 37.5 Signa, are automatically paid to this Cashback account when the transaction is added to a block. This can result in significant savings for businesses and use cases.

By running their own node, businesses and use cases can gain greater control over their transactions and ensure they are processed quickly and efficiently. This control can be especially important for businesses that rely on speedy and accurate transaction processing, such as e-commerce or finance. By running their own node, they can eliminate the risk of relying on third-party nodes that may not prioritize their transactions.

Moreover, businesses and use cases that run their own node also contribute to the growth and security of the Signum network. As more nodes are added to the network, its overall security and reliability increase, making it a valuable investment for the long-term success of its business.

Activate the cashback

The activation of the cashback is really simple.
Just uncomment the node.cashBackId in the node configuration file and enter the account id of the account, which should receive the cashback per transaction handled by this node.

#### CASHBACK FOR TRANSACTION FEES ####

## Set an account ID and get a 25% cashback on every transaction fee that is
## created by this node.
node.cashBackId = 8952122635653861124

Low hardware requirements

Running a Signum node requires no special hardware — a Raspberry PI 4 is already enough. The requirements are as follows:

• Minimum : 1 vCPU, 1 GB RAM, 20 GB HD
• Recommendation: 2 vCPU, 2 GB RAM, 20 GB HD

Conclusion

In conclusion, Signum’s cashback feature is an excellent way to encourage more users to run their own nodes and contribute to the growth and security of the network. For businesses and use cases, running their own node can result in significant savings and more control over their transactions. It’s a win-win for everyone involved, and we encourage businesses and use cases to take advantage of this valuable opportunity.

Discover Signum

Signum is the world’s first truly sustainable blockchain, featuring world-class applications on a sustainable leading-edge blockchain architecture. Unlike other cryptocurrencies, Signum powers its native cryptocurrency Signa (SIGNA), with a minor fraction of energy use and e-waste. Signum empowers users and developers worldwide with innovative blockchain solutions for everyday life.

Find out more at https://signum.network/ or join a Signum channel below.
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