Whaleshares Logo

Introducing the Node

incognitoPosted for Everyone to comment on, 5 years ago2 min read

image.png

The Node is a small, but important part of a bigger plan. We are building a network for private cryptocurrency transactions. The network will contain virtual and physical nodes.

Virtual Node

A virtual Node is a piece of software running on a VPS or dedicated server. To run it you need some knowledge on how to manage a server. The costs involved, are the fees you have to pay to your host.

Physical Node

The physical Node is a plug and play device. You buy the Node, plug it in, connect to your wifi, and you are done. The additional costs are just for electricity usage. The Node uses ~ 1.5kwh per day.

What does a Node do?

Your Node (either virtual or physical) will help process transactions and while doing that earn you some cryptocurrency. You will earn PRV (our own token) and part of the transaction fees (which can be BTC for example).

Current State of the Project

We are testing and optimizing the system on our testnet. Mainnet is scheduled to launch end of October.

More Info

Sign Up to join this conversation, or to start a topic of your own.
Your opinion is celebrated and welcomed, not banned or censored!