This article was first published on Centrality - Medium
Here’s some information on how you can actively participate in CENNZnet when it launches
CENNZ will become more valuable as the network activity and users increase. As a CENNZ holder, there’s every reason to help secure the network and support the growth of the network in two ways: by running a validator node and staking tokens.
Anyone with a PC, MacBook, Linux desktops or your own Server can join the CENNZnet network by running a node. Unlike the Bitcoin network that requires high spec computing power and energy consumption, CENNZnet runs a Proof of Stake consensus that allows standard PCs to join the network, as long as they meet certain availability requirement to ensure network efficiency.
The more nodes there are, the more secure and successful the network is.
What are the benefits of running your own node?
Everyone who runs a validator node receives a reward in the form of our CentraPay gas token which you can use to transact on CENNZnet. A secondary benefit is access to the APIs blockchain data and support for new features in CENNZnet. Another incentive to run a node is that you won’t need to depend on another validator node to stake your token or verify transactions in your wallet.
Who can rUN a node?
Users with CENNZ, which can easily be purchased through SingularX, HitBTC and EasyCrypto can stake and run a validator node. Users without CENNZ can also run a full node and have access to APIs and data on incoming blocks and transactions, but they will not be able to stake.
How long does it take to sync a node?
Syncing a node can take as little as an hour, depending on the number of finalised transactions. The sync speed for a typical 1MB/s internet ...
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Centrality - Medium