What is a Masternode?

A Masternode (MN) is simply a cryptocurrency full node or computer wallet that keeps a full copy of a given Blockchain in real-time. For example, the Bitcoin Blockchain has full nodes that are always up & running.

But, Masternodes are considerably different in their functionality the normal nodes run by some Pow blockchains.

The CoinAlpaca chain is based on the Bitcoin Core Blockchain, with additional modifications. We incorporated features from DASH, PIVX as well as i.e. Masternodes, InstantSend, PrivateSend and Governance Proposals.

The purpose of this chain is to achieve a fast and near zero transaction decentralized network for the charity industry. We combine Proof of Stake and Masternode consensus.

Some of the special functions that these nodes perform are:
  • Block rewards (80% MN, 20% Staking. Masternodes receive seniority rewards based on their long-term services)
  • Executing instant transactions
  • Participating in governance and voting
  • Enable budgeting and treasury system in cryptos
  • Passive income for supporting a Blockchain network

CoinAlpaca Masternodes

CoinAlpaca Masternodes are not standalone. Instead, they are always communicating with other such nodes to uphold a decentralized network. PoS consensus mechanism have their advantages and disadvantages. PoS does not require computational calculations or costly computer hardware and definitely environmentally friendly as it consumes lesser electrical energy.

What Does It Take To Run A Masternode?

Just like full nodes in a cryptocurrency, MN’s can be run by anyone. However, there is an entry barrier in place to ensure that the system does not become malicious. The entry barrier is what one needs to commit or collateralize certain units of that particular cryptocurrency to run a MN.

This is done to ensure that an MN owner does not cheat or corrupt the system and the best of doing so is by putting this entry barrier where the Masternode operator has something at stake.

So, naturally, it becomes less likely that a Masternode operator will cheat due to having something at stake.

Now that you have understood the concept of Masternode, let’s jump to what one needs to set it up:
  • A CoinAlpaca wallet
  • Collateral of 11,111 CALP is required to run one Masternode
  • A VPS or dedicated server to host the masternode, 24 x 7
  • A dedicated public IP address
  • Up to 50GB of storage space for the Blockchain

These are pretty much standard requirements for most masternode cryptocurrencies.

How Are Masternodes Useful For Cryptocurrency Investors?

Masternodes are very useful for crypto investors because they provide monetary incentives in the form of block rewards. One earns rewards or interest on their cryptoholdings by running Masternodes.

Our goal is to create a secure and fast system which will act as the backbone for all of our chain transactions. Keeping in mind a minimal amount of circulating supply, it’s quite possible that our Masternode network will consist of a limited number of Masternodes at inception; this definitely will make it very rewarding to our early investors.

We see holding a CALP Masternode as a rather exclusive and potentially profitable venture. Additionally, Masternodes possess voting rights, which allows them to decide on directions in which our ecosystem grows and develops. Due to the network being rather small at the start, we will aim to restrict the quantity of Masternodes obtainable by a single to a maximum of 5 Masternodes (except for those buying as a team) during the presale.

Apply for a masternode

We will sell masternodes during the presale on a first come, first serve policy. Once you apply and confirm by making payment, we will send you the coins to set up your Masternode. The masternode set up script is here.

Please contact ifecostar#7751 or JayJay#4545 on discord.