Full Node Incentive Program Launches December 13th!

Allen Liu
Allen Liu
Dec 12, 2018 · 2 min read

We are excited to announce Vite Full Node Incentive Program will launch on December 13, 2018! As discussed in previous reports, the rewards mined by the 5 official SBPs will be fully distributed to the community with 30% of those rewards going to full node operators. This article serves to explain what the program is about, its features, and how to participate.

Vite Full Nodes

There are 2 types of nodes in the Vite network: full nodes and supernodes. As one of the major components in the peer-to-peer network, each full node serves to maintain an entire copy of the ledger and is responsible for reaching consensus amongst the whole system.

In terms of node function, full nodes have the complete set of features seen with gvite software. Users are able to visit remote data, engage in send/receive transactions, and register to vote for supernodes via HTTP, WEBSOCKET, IPC APIs, and the command line console. Supernodes differ from their full node counterparts in their ability to access the snapshot block creation privilege.

Instructions for Running a Full Node

  1. Upgrade to Gvite version: 1.1.1 or above is required

Program Details

  1. In the Vite TestNet, full node rewards are derived from taking 30% of mining earnings secured from the official 5 SBPs per day.

*NOTE*

1. IP Restrictions: if more than one full node is running from the same IP address, the reward will only be distributed to the node with the highest uptime rate(>90%). If all uptimes happen to be the same, the reward will be distributed via random selection.

2. As specialized full nodes, supernodes that meet the requirements listed above will be subject to the same rules and opportunities to reap full node rewards.

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Official: https://www.vite.org/

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Twitter:https://twitter.com/vitelabs

Discord:https://discordapp.com/invite/CsVY76q

Reddit:https://www.reddit.com/r/vitelabs/

Vite Labs

Official Medium Page for Vite, a new-generation public blockchain

Vite Labs

Vite is a lightning-fast blockchain where transactions incur zero fees. It is the world’s first DAG-based smart contract platform. Vite’s flagship DApp is ViteX, a truly trustless DEX deployed on the Vite chain.

Allen Liu

Written by

Allen Liu

Vite Labs

Vite is a lightning-fast blockchain where transactions incur zero fees. It is the world’s first DAG-based smart contract platform. Vite’s flagship DApp is ViteX, a truly trustless DEX deployed on the Vite chain.