Supernode 101 | Earn Vite Rewards Daily (Updated on March 2020)

Everything You Need to Be a Snapshot Block Producer (SBP)

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SCNFLK
Jan 3, 2019 · 4 min read

1) What is a supernode?

Supernodes are unique to blockchains with a Delegated Proof of Stake (DPOS) consensus mechanism. Think of DPOS as a representative democracy, wherein the elected officials confirm the legitimacy of individual transactions and the overall public ledger.

2) Why are supernodes in Vite called Snapshot Block Producers?

Vite uses a variant of DPOS called Hierarchical Delegated Proof of Stake (HDPOS). This is due to our Block Lattice architecture which is a novel form of Directed Acyclic Graph (DAG). In HDPOS, there are three levels of consensus:

3) Why should I become a supernode and SBP? — the SBP incentive plan

To become a SBP, a node must:

  • Run a server and have necessary skills to maintain said server;
  • Have community influence and be able to call for votes from VITE holders.
  • Staking & Voting rewards: The other 50% will be distributed based on the amount staked and the amount of votes received by each SBP as a percentage of the total amount staked and amount of votes received (by the top 100 SBPs).

4) How can I become a supernode/SBP or full node?

1. Set up a full node. This takes 10 minutes maximum. full nodes keep the complete Vite ledger, vote for SBP’s and earn rewards unique to full nodes.

Minimum hardware requirements:

  • 2-core CPU;
  • 4GB memory;
  • 100GB hard drive space.

5) Who are the SBP’s and how many are there?

Take a look at our SBP list online. Many of the teams have interesting personal profiles and they’re based all over the world!

https://www.vite.org/nodeList

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.

SCNFLK

Written by

SCNFLK

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.

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