Bitcoin Forum

Netnode is a peer to peer, digital asset ecosystem that implements a new form of consensus. Ordered Node Consensus (ONC) allows for instantaneous transactions with a clear scalability path. Transactions are sent to each peer connected node and sent back to the genesis node in real time. Each node on the network allows for faster verifications with less peers being needed. Nodes verify payments one before another to create an irrefutable chain. Netnode (NND) is the base asset of the network with all transactions being settled in NND or its trading pairs.

Users have the ability to earn rewards by running a node that acts as a transaction network server. Due to nodes only verifying transactions as they come, electricity consumption is extremely low at 7W/Kwh based on SBC hardware. Nodes earn a set reward for how much time they are interacting with the network. Each node earns 0.25 NND/600 seconds. As the network scales so does the reward, with a halving every 1,000,000,000 coins distributed. There will only ever be 10,000,000,000 NND with no presale or pre-mine, meaning 100% of coins go to users of the network.

The network scales with the number of nodes connected with each user receiving a set reward for verifying transactions. With users receiving a set reward this removes the random aspect from Proof of Work algorithms. This removes the need for pool mining which allows for even further decentralization.

Ordered Node Consensus provides superior network safety with zero chance for compromise through 51% attacks or close peer attacks. Nodes will have a built in trust factor. The higher the nodes trust factor, the less peers that need to be connected, the faster transactions are verified. This allows for a transaction to be settled in real time with verification happening almost instantaneously. Merchants can run their own nodes and verify customer purchases with no chargebacks and easy refunds all while earning NND.

Due to Netnodes distribution method it will have one of the most stable market capitalizations of any new coin with price being directly correlated to number of users and nodes. All new coins will be created through nodes participating on the network. As the number of nodes scales so will the amount of coins distributed during the 600 second reward periods. The value of NND will be better tied to the underlying asset (the network) using this method.


Netnode Founders

 • Hudson Enyart (Co-Founder, CEO)
 • Aaron Ammon (Co-Founder, CTO)
 

Official Resources

 • Netnode Website (https://www.netnode.io)
 • Netnode Twitter (https://twitter.com/netnodeio)
 • Netnode Reddit (https://www.reddit.com/r/NetNode/)
 • Netnode Discord  (https://discord.gg/cDP79d8)
 • Netnode Telegram  (https://www.t.me/netnode)



Specifications

 • Node Reward Period: 10 minutes (600 seconds)
 • Confirmations for Final Transaction: Peer Majority of generated nodes
 • Supply: 10 billion NND (currently 0.25 NND/reward period per each Node)
 • Consensus System: Ordered Node Consensus
 • Netnode's official ticker: NND



Netnode Benefits

 • Zero fees since those verifying transactions are incentivized through the protocol
 • Straight forward wallet and chain explorer that even non crypto users can navigate
 • New form of consensus that will allow users to earn NND
 • Low amounts of hard resources required to reach consensus with each node using single digit watts of electricity
 • ONC allows users of the network to reach instant transactions with a near instantaneous settlement (dependent on user’s network)


How to get involved?

Become an active community member and help promote Netnode. Message the team members or join us on  Telegram (https://t.me/netnode) to get in touch with questions, feedback, or ideas for us. The team will operate a few nodes where we will give away all of the earnings. You can receive these NND by being active in our social channels.

Getting Started
 • Netnode Website (https://netnode.io)
 • DOWNLOAD THE GUI WALLET  (https://netnode.io/downloads)
 

Netnode in other Languages

 • German https://bitcointalk.org/index.php?topic=5147112.0
 • Indonesian https://bitcointalk.org/index.php?topic=5146173.new#new
 • Chinese https://bitcointalk.org/index.php?topic=5146233.new#new

res

Is this just another custom algo + masternode combo or I'm missing something?

It is entirely unique, mining is somewhat derived from "masternodes" though. A node on the network is simply a device that is verifying the transactions. Rewards are constant to incentivize users who are worried about electricity, difficulty, etc.
So a similar reward mechanism however nodes are the only way to mine with there being no bond or staking like in other custom algos. ONC works in a similar way to a mesh network.  Hope this helps and thanks for your interest!

There is no block time with Netnode, 600 seconds (10 minutes) reward time was used out of user familiarity. Each Nodes rewards are 100% independent from each other with earning 0.25NND for every 600 seconds they are actively on the network and verifying transactions. Transactions are layered based on their genesis call and their settlement. Thanks for your interest!

Very interesting.

Could this not be gamed, with miners renting vast amounts of micro server instances to serve as nodes that farm the network?

Could an IOT botnet with a hundred thousand nodes not mine out the entire coin supply very quickly?

I suppose it depends on how much CPU/RAM intensive it is to run the node. Will the resource requirements grow as the number of nodes grow?

In theory, yes. However not very much so in reality. On launch nodes will be whitelisted through the protocol using device IDs translated into a hash that sticks with that node. Netnode is also considering distributing the initial launch nodes to a certain amount to combat a rocky start. Netnode will not limit a number of nodes a user can run but it would nearly be impossible for a person to set up that many nodes without greatly impacting the value of any underlying asset.

Due to the unique reward system and it's halving mechanism, a "malicious" actor trying to game the system would have a difficult time. If they can get around the whitelisting mechanism they would still have to be worried about the value of NND and the trust factor of their nodes to make any sort of impact.

If you would like to discuss the project in more of a conversation environment, we are very active on telegram. Thanks for the great question!

Node resources will remain relatively steady if not decrease since nodes will probably grow at an equal rate to that of users making transactions. Even if there is an increase it will not be noticeable on the user end or affect your rewards in any way.

Zero fee? Are you sure, how can it be like that? I hope you can provide updates as soon as possible, is the whitepaper available?

If you think of the emission rate as a fee schedule then it makes it easier to understand why incentivizing the network in the right way can eliminate traditional fees. We understand that it is completely unique and maybe even odd but we are 100% confident in our model.

We have big things planned for the year end and Q1 2019. An introductory whitepaper is available on our website but it is rather surface level to appeal to a larger crowd, all feedback is appreciated. Thanks for taking the time to look at our project!

seems some unique idea. watching with keen interest.

When correct the link to your site. I wanted to get acquainted with your project, your team. Without the normal provision of information, the project will not succeed.

The first link is the website, I just changed the link name so it doesn’t look like the project title. Our website is https://netnode.io
Thanks for your interest!

Nodes will definitely be able to run on Raspberry Pi. Mining NND will arguably be the most simplistic coin to mine once released. Thanks for the comment!

Apologies everyone! the link for telegram has now been fixed to display the group instead of the channel. Thanks.

why no updates post Dec?
what is the status on project.

We are still planning on a full release in the first part of Q1, so very soon.
We will also be updating the announcement with more information. More information is also available on our website.
If you would like to know more specifics feel free to ask questions in the Telegram or through a PM.

Thanks for your interest in the project!

Missed the point.It turns out that the coins are not needed or what?I'm talking about node.
Or need?I've never seen anything so ask-we will follow the development.

The coins are used as a high liquidity base "currency" for the network. After all coins are mined a burn rate will take effect although that will not be for a long time. The NND coin is also used to support those who operate nodes. Relatively speaking there could be a high emission rate with a high number of nodes on the network. This incentivizes the network to scale alongside transactions.

And again, did not understand!How many coins do I need for a node?And where can I buy them and how to set up a node?That's what I meant.

Apologies! There are no coin requirements for operating a node. The original nodes will be distributed to users through the company, we will have an order page up on our website when the ANN is updated. Thanks for the great questions.

so you are saying you will sell nodes?

Hi there, I like your project, but wanna learn a bit more info about a subreddit? YouTube channel may be?  Thanks so much

Yes, we plan on selling at least the initial nodes to help fund the project. The wallet and ecosystem will be 100% free to use aside from the obvious spending of coins and what not. Thanks for the question!

The community is still small since we haven't released yet, however; there will be more information available on launch and in our community channels. Feel free to ask questions in telegram or on our discord at https://discord.gg/cDP79d8

Netnode GUI Wallet available for download now at https://netnode.io/downloads/

Cool, I've downloaded it...

Excited for the project and release of the miners, keep up the good work!

German, Indonesian, and Chinese translations added!

From what I understand a Youtube channel is in the making.

Here's a link to the subreddit:

https://www.reddit.com/r/NetNode/

Check out the official Netnode Bounty Thread! https://bitcointalk.org/index.php?topic=5148060.0

Yes, a youtube is in the works. Please ask any questions that you might have about the project.

Hey. tell me are there any instructions for running nodes? and what amount of dollars is needed for this. I'm actually very interested in using this as passive income .

and what dollar amount is needed for that? and when can I sell my coins? negotiations with exchanges are already underway?

in credit until there is no news. at the moment, all the information on the site... 
now the project looks very interesting for me and I will consider it for passive income.

The economic model looks very interesting.  I think the project has a future because society will be interested in passive income. but let's see what will happen after listing on exchanges.

as for exchanges, this is a very interesting question. I would like to know with whom the negotiations are conducted and whether there are preliminary agreements with any exchanges?

But if I understand correctly the coin will be used as a new means of payment and this should provide high value and liquidity.

Hello , do you plan a Russian translation ? Many technical terms are difficult to understand for those who do not know English.

now I see a good opportunity of earning through the launch sites.  I have already returned the money for 6 nodes in other projects and now make a profit. Therefore, I am interested in this topic and would like to get more information.

judging by the roadmap, users will soon be able to start nodes and receive the first income. But in any case, you will have to wait for the listing on the exchanges to sell your coins.

it would be nice if all the team's plans were implemented. all that is included in the roadmap looks serious. if that happens, then it will be interesting

Yes, it can be considered as an opportunity to receive passive income and this is in fact a very serious motivation.

please tell me whether the calculator awards? what percentage will I be able to receive? or the reward will be fixed regardless of the number of nodes

Interesting concept ...

I think this will have to be seen, as the sale of the 'initial' nodes means that all subsequent nodes would have to go through the same channel to be 'nought' also.

Is there no standard way to setup nodes on our own?

#crysx

An interesting idea to create such a system of nodes for new coins. Everything is thought out and understandable to any user.

I found something interesting in here. I think i should put my eyes on this Netnode and pay attention to its coming up more updates ahead. But team, can I raised a question? I just wanted to know if can I already start the node now and get my reward?

In addition to the names of the developers, are there any detailed information about their personalities? I would like to get to know them in more detail and determine their intentions regarding this project.

Yeah. It is well explained in the first page on what are the usage of this kind of node. This is something unique and new to the users and to the those people who have knowledge in consensus algorithm. Hopefully, it will be supported by many investors of crypto so it can have better development ahead.

It seems that there are so many mineable coins right now but, as you can see that this thing has a new consensus algorithm which makes the coins even unique.

What's the news here? I can see that this project Netnode has potential and is a good technological project indeed. So for that, am I correctly understand that you will be selling nodes but you will not conduct rounds of coin sales in the classical format?

As I understand it, yes. But you still need to review and consult with the developers if you plan to buy tokens here.

I fully agree that any manipulations and plans need to be discussed directly with the developer, because the community cannot know the specific answers to such details.

Yeah. This is unique from the others and the good thing for this coin is it is already listed in some exchange. And the team are hardly working to make this community alive and be liked by the people of crypto. In fact, they have given opportunity for the people to earned this coin by following and be always active in their social channels.

The team is making this project even more boosted for which what I can see in here. And that's a good thing indeed. Well, that good for its future to attain and achieve all its goals and objectives. Netnode have lots of capabilities to keep rising and prove itself.

Isn't this project really similar to NYZO, they came out in the same period. NYZO much more shilled , can you evidence some different aspetc of these two projects?

The team behind the project is innovative and hardworking, which has been pushing the project towards the way of success to achieve their goals.

There are many similar projects like this one but Netnode is coming with many features and services, which can make the project better than its competitors.

That's right, I really hope that we will be given news and what is actually happening with the development of the platform.

The idea should always be unique, and even if not, the project should still be significantly different from the existing ones, because this is the only way to conquer the audience.

Yes. Being unique is something that can easily convince more people to joined that will lead to a better results in the development. Furthermore, this is very important as it will be the basis for all people to decide whether to invest or not.

That is true. Because uniqueness bring a huge impact to a certain project. But of course more importantly, the project Netnode needs to acertain its great capabilities and proves its potential as a true and trusted mineable new concensus algorithm.

That's right, this is what the project’s uniqueness should do first.

Each developer initially faces the problems of project implementation and in order to popularize it, one has to spend precious time searching for various advertising options.

Kind of interesting to see a mineable and a new consesus algorithm with no premine at the first time that this coin is released. I wish they could do more interesting ideas and such other things we cannot imagine in the other platforms.

Yes, absolutely true, team's unique approach will really help them to over come to their competition. It is the best part of the project.

Nowadays it is really important for the projects to come with innovation or unique approaches to getting success. Fortunately, the team has already done this thing for keeping them ahead from the competition.

I think we can expect that there are more good things will be done to this idea. We just need to follow their social channels so we can be always updated in the development. And the project are still new so a lot of works and doings will be made by this team in the upcoming more days.

Yeah, conquering the audience would make some noises on the project. I just want to make this project looks like a great project by helping them to earn in the users side.

Yes that is right. Having be in their social media sites will help us to be more updated to them, know their latest updates and announcements as well as we attached to them directly.

They are pretty active on social media to continuously spread awareness about the project. So if you follow them on social media then you would continuously receive every single update about the project.

Yes, this is the best part about the project, the team behind the project stays active most of the time to provide necessary information towards the users. That's the reason become users growth.

It would be better if they were active in terms of the platform itself and listened to the comments of users, rather than being active in social networks, what is the use of this?

Activity at the moment is an important factor in the development of the project. If it does not, then new users will not look at it.

Indeed, it will give them more chances to be acknowledged by many people here in crypto community. We know that the competition here are very hard so it needs to have a project that is unique and very convincing for the people. And I hope the team behind this can continously provide it.

Yeah, the best part of the project is when the developer gathered an event or promotion for the users who wanted to take participation in the ICO or wanted to buy the coins in large amounts.

Most likely that this is exactly what happens. But you still need to pay attention to other facts. Activity and how is the development of the project and the platform as a whole. Also have the ability to promote the project in people so to speak.

I am in one of the communication site of the project Netnode. And for my observation, I see that the Netnode have been so attracted to the community people. But what the Netnode project team is lacking is some sort of information regarding the users wanted to hear. But that is a good problem. The people are seeking for this project which is the good time for the Netnode to show off itself as having the capacity and prove its greatness.

Any person who would be interested in such a subject, in any case, will find this platform for himself and will use it if he likes it. Sometimes no advertising can help popularize, if the right audience simply does not exist.

I think they might be reading all the comments to understand what do the users want to say and they can take actions as per the user's feedback.

If they are taking all these actions towards the project development then no one can stop the team from making the project hugely successful.

There are so many people who have attracted to this project. So I think it's better for the team to provide some good opportunity that can gather huge supporters. Perhaps, it would be great if they can conduct bounty programs or any that can attract and convince more investors.

Yeah, indeed. There are so many people around the world which really convinced on this project so well. And its clear that we can say if the moment where we gonna raise to the top is making the platform  better than ever.

This new mineable project with a concept of new consensus algorithm has gaining more attention here in the community. The Netnode has so many good characteristics as stated by the project members. This is great because they totally get into our senses and notice their potential. I was hooing this will not fads but rather keep going strong here in the crypto world.

Where is exchange to trade netnode ? Because i checked at coinmarketcap not found.
Who is Creator netnode and behind team ?

People have been getting attracted to the project because the team is continuously promoting the project on various platform. That's why they are getting succeed to gain the supporters.

Along with this thing the people have found potential in the project and that's the reason become for everyone participation in the project.

Hello! I am glad that I have found such a suitable project for me. Now I will be watching developments and news from the team.

I also recently joined the community and follow the development of the project. While I like everything and the developer shows real activity. Let's see how he will act further.

Someone mentioned an exchange but we are currently only trading in our discord channel. Thanks for the interest!

The team will be more active on this thread moving forward to better answer questions about the project.

It is very good. Activity from you is an indication that you are attentive to the development of the project and its maintenance.

Hi? Anyone here? Can I complete the social bounties to earn NND? And when will be the nodes be fully realeased? Or is it already been released?

Yes, absolutely team has so active on the thread and continuously solving everyone problem regarding the platform. 

I also agree with this thing. The team members are providing a quick response to your queries. Anyone can check the thread from the beginning.

Because of this superior service, the project is getting bigger as per the time. In terms of community members, the project has achieved them.

Well ye! And no doubt why people are keep on coming here i  thr Netnode community. The team are keep on making us curious and interested within this project. I do hope the team will keep on impressing us, as well as reaching their goals.

Yes of course. Thanks to such feedback from users, we choose the project and possibly contribute to it.

There are many people who have been coming towards the project because of the project's potential and teams hardworking behavior.

The team is just doing their job and we are the people found the project profitable as well it has huge scope in its further development. Because of that people keep supporting the project. 

The developers are getting the massive community as per the time passes but it has a reason behind it and that is the team which has been keeping everything up to date as per the time.

the project grows step by step and this good news. but the team need to give the community any update news. plz, update you bitcoin ann.
I want to ask why we can't mine this coins, git rewards by running a node not safe all the time.

how do you know that the development getting that you said!!
I just visiting discord the community is active this us right but there is many think needed.

The team is actively working on here and continuously providing updates regarding the project. That's the reason behind the continuous discussion.

The team behind the project are pretty much active to provide every single update but at the moment they might be busy in other important work regarding the development of the project. Because of that, everyone has been thought that.

The Discord community is making active communication but along with that Telegram, the community of telegram is always making active discussions on the group to understand more about the platform.

It's good. But it would be still not bad if the team eventually gave more igformation everywhere. I mean in all social networks.

Hello. When are you planning to do a test launch of the project? I would like to take part in this.

Very good question. I wanted to know too so I can be ready because I am excited for this laucnhing since I have found a potential in this project. For this, I am looking forward that someone from the team members will answer this.

I think the team is doing pretty well at the moment. They are actively handling all social media accounts to provide necessary updates. Hopefully, they will keep the active behavior until the end.

The project might be under development phase so we need to wait for it until teams complete the works. As we can see they are going as per the roadmap and it is the good for the projects image. 

Everyone those who have become the part of this project has found potential in it. Also, everyone is as curious about the platform as you. But we will get to know about it after the team's official statement.

Before the project to be launch, of course a beta version will come out first. When will the team have it on us here in the community?

When the project goes, according to its roadmap only. This always has a positive effect on the promotion of the project and its future position among investors and ordinary users who follow the development of projects.

We will get it when, once the team members announce it here or in their official telegram group. Maybe those who didn't yet in there should visit. The admin there are very responsive. More updates are provided there and the raised questions there are answered accordingly.

Good. I imagine this option. What most likely the team will do. Active promotion and social networking pages is a good promotion option.

Very well said buddy. If the project Netnode goes what the team proposed and promised in its roadmap, that will have a huge impact to the project as well as to the team that is working for it. Mor people will gain and put trust into it as they can make what they are promising.

Really looking forward to when there will be news from the administrator. Something for a long time nobody wrote anything. Maybe someone knows something, how is the team working now? Maybe they are planning some changes?

Thank. I am pleased that you are of the same opinion as me. So we have more chances that the project will still be in the lead, among other similar projects.

The team is truely have been so long since they last updated their information here. But more than that, the Netnode have potentials. So if they will keep on it, the updates and announcements will keep popping up not only from the the team but also from its community members.

Let's wait patiently. Nothing goes easy and fast in everything that has future. Well, the Netnode has so many groups and so you can visit or even join, like their telegram group. There are admins there and can ask them directly what we wanted to know more about the project.

An excellent approach to this project on low power consumption as it is based on the SBC equipment. The operation of the node in just 600 seconds. Excellent result.

Where can I get a link to the telegram channel group? I would like to read all the news. Perhaps there is something to discuss here.

On the first page of the site, there should be a link to the telegram channel. There will be all the news and live communication with the administrator on all issues that interest you.

Yes, exactly it can get an instant response on telegram from the team because there administration stays most of the time active to solve everyone's problem regarding the project.

The team might working on other important things of the development of the project and that's why they are not focusing on every single thing because of all this team is getting little slower to provide answers on the questions. Hopefully they will do great comeback and again started providing instant replies.

Now we are actively preparing the platform. Perhaps the near future will not be a strong activity. To this you need to prepare in advance and be aware.

Wow! Now this is what the people are waiting for, including me. The team is very responsible and never did not even in the blink of its eye. So the platform is preparing to be ready. I am looking forward for this.

The team is just preparing for the platform. They are not neglecting or doing unnecessary things but they are very sincere and dedicated to the success of this platform. They are just focusing now on what will bring more for this project. Let's see more its upcoming updates soon.

Looks like this project completely failed!!!