Bitcoin Forum

Service Node
Lozzax’s blockchain are powered by nodes called Service Nodes. To operate a service node, a user locks 25,000 LOZZAX, and the service node begins providing a minimum level of bandwidth and storage to the network. In return for their services, service node operators receive a portion of the block reward from each block mined on the Lozzax blockchain.

The resulting network benefits from market-based resistance to Sybil attacks, addressing a range of problems with existing onion routers and privacy-centric services. This resistance is based on supply and demand interactions which help prevent single actors from possessing a large enough stake in Lozzax to have a significant negative impact on the second-layer privacy services Lozzax provides. DASH first theorised that cryptoeconomics can provide a network with properties of Sybil attack resistance. In our case, as an attacker accumulates LOZZAX, the circulating supply decreases, in turn applying demand-side pressure and driving the price of LOZZAX up. This effect spirals, making it increasingly costly for additional LOZZAX to be purchased and thus making an attack prohibitively expensive.

To maintain this protection, Lozzax encourages active suppression of the circulating supply. In particular, the emissions curve and staking requirement have been designed to ensure enough circulating supply is locked (and reasonable rewards are provided to operators) to ensure Sybil attack resistance.

Lozzax Service Node becomes active on the network when its owner stakes (locks up) the required amount of LOZZAX, which submits a registration transaction. Once accepted by the network, the service node becomes eligible to receive block rewards. Multiple participants can stake to a single service node, combining their smaller stakes to meet the 25,000 LOZZAX staking requirement. The block reward can be automatically distributed among the participants in a ratio proportional to each participant's staking contribution.

Oxen’s networking functionality, scalability, and decentralisation tech stack is powered by a set of incentivised nodes called Oxen Service Nodes. To operate a service node, an operator time-locks 15,000 $OXEN, and the service node begins providing a minimum level of bandwidth and storage to the network. In return for their services, service node operators receive a portion of the block reward from each block mined on the Oxen blockchain.

The resulting network benefits from market-based resistance to Sybil attacks, addressing a range of problems with existing onion routers and privacy-centric services. This resistance is based on supply and demand interactions which help prevent single actors from possessing a large enough stake in Oxen to have a significant negative impact on the second-layer privacy services Oxen provides. DASH first theorised that cryptoeconomics can provide a network with properties of Sybil attack resistance. In our case, as an attacker accumulates $OXEN, the circulating supply decreases, in turn applying demand-side pressure and driving the price of $OXEN up. This effect spirals, making it increasingly costly for additional $OXEN to be purchased and thus making an attack prohibitively expensive.

To maintain this protection, Oxen encourages active suppression of the circulating supply. In particular, the emissions curve and staking requirement have been designed to ensure enough circulating supply is locked (and reasonable rewards are provided to operators) to ensure Sybil attack resistance.

An Oxen Service Node becomes active on the network when its owner stakes (locks up) the required amount of $OXEN, which submits a registration transaction. Once accepted by the network, the service node becomes eligible to receive block rewards. Multiple participants can stake to a single service node, combining their smaller stakes to meet the 15,000 $OXEN staking requirement. The block reward can be automatically distributed among the participants in a ratio proportional to each participant's staking contribution.

Ok thanks

Thanks for what? Thanks for exposing that you are breaking the forum rules by plagiarism if you want to fork a coin you are free to do that but not to the point of duplicating or plagiarize the whole concept of the coin that you forked, that's a bad start might as well lock this thread and say sorry instead of posting thank you.

Ten million LOZZAX to distribute to everybody. Lets build together

Join our Disord channel to get free Lozzax coin for service node: https://discord.gg/wNPRh4vzat (https://discord.gg/wNPRh4vzat)

Join our telegram channel to get free Lozzax for service node: https://t.me/Lozzax_community (https://t.me/Lozzax_community)

A promising project, I will participate. I hope that the project will develop.