Authority Masternode (VeChain) Definition
An Authority Masternode, in the context of the VeChain platform, is a high-performing node that provides consensus and validates transactions on the VeChainThor blockchain. They are central to the security and accuracy of the platform, playing an important role in maintaining the power delegated Proof-of-Stake (PoS) consensus mechanism that VeChain employs.
Authority Masternode (VeChain) Key Points
- Authority Masternodes provide consensus and validate transactions on the VeChainThor blockchain.
- They maintain the PoS consensus mechanism of VeChain
- Only 101 Authority Masternodes are allowed on the network.
- The owners of these nodes need to hold at least 25 million VET tokens.
- Masternode operators are subject to a strict selection process.
What is an Authority Masternode (VeChain)?
An Authority Masternode is a node on the VeChainThor blockchain that fulfills the important role of providing consensus and verifying transactions. Only 101 of these nodes are allowed on the network, which means they are highly sought after and operate under strict standards.
Why does an Authority Masternode (VeChain) matter?
In the consensus mechanism of VeChain, Authority Masternodes play a key role in maintaining blockchain security and accuracy. Their role is crucial in preventing fraudulent transactions and securing the integrity of the network.
Where does an Authority Masternode (VeChain) operate?
Authority Masternodes operate exclusively on the VeChainThor blockchain, which is a blockchain-as-a-service platform that combines Internet of Things technology with blockchain. It aims to streamline and secure supply chain management and business processes.
When do Authority Masternodes (VeChain) work?
Authority Masternodes are constantly at work, verifying transactions, creating new blocks and maintaining the smooth operation of the VeChainThor blockchain network.
Who can become an Authority Masternode (VeChain) operator?
The process of becoming an Authority Masternode Operator is strict. Operators must own at least 25 million VET tokens and are selected based on their reputation, transparency and contribution to the VeChain ecosystem.
How does an Authority Masternode (VeChain) work?
Authority Masternodes work by validating transactions and creating new blocks on the VeChainThor blockchain. They participate in consensus and are rewarded with VTHO tokens for the transactions they validate and the blocks they create.
