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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. The team will be more active on this thread moving forward to better answer questions about the project. |
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Where is exchange to trade netnode ? Because i checked at coinmarketcap not found.
Who is Creator netnode and behind team ?
Someone mentioned an exchange but we are currently only trading in our discord channel. Thanks for the interest! |
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Hi there, I like your project, but wanna learn a bit more info about a subreddit? YouTube channel may be? Thanks so much
From what I understand a Youtube channel is in the making. Here's a link to the subreddit: https://www.reddit.com/r/NetNode/Yes, a youtube is in the works. Please ask any questions that you might have about the project. |
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What is Netnode? Netnode (NND) Infinite Social Bounty Program Netnode is currently mining on five devices until nodes (miners) are fully released to the community. All NND mined until the release period is being given away to users on our social channels. Please note that replying to this thread with your wallet address will result in a potential ban. Please read the Announcement thread and community channels for more information. All ways to earn NND are listed below.
Invite a new user on Discord and Telegram (please use a never ending invite link): 2 NND
Retweet @netnodeio on Twitter to a following of over 100 people: 2.5 NND
Translate the Announcement or Bounty thread: 50 NND
Write a Medium, Steemit, HackerNoon, etc. article about Netnode: 75 NND
Put your wallet address in the Telegram or Discord as a new user (only one use): 1.5 NND
Official Resources
Netnode Website
Netnode Twitter
Netnode Reddit
Netnode Discord
Netnode Telegram
How to get involved?
Become an active community member and help promote Netnode. Message the team members or join us on Telegram 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.
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German, Indonesian, and Chinese translations added!
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Hi there, I like your project, but wanna learn a bit more info about a subreddit? YouTube channel may be? Thanks so much
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 |
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so you are saying you will sell nodes?
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! |
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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. |
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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. |
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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! |
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Apologies everyone! the link for telegram has now been fixed to display the group instead of the channel. Thanks.
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Sounds neat, hopefully nodes can be ran on raspberry pi and similar machines to keep these easy to deploy. X86 would be fine but I'm sure you would have more nodes via arm.
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! |
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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 doesnt look like the project title. Our website is https://netnode.ioThanks for your interest! |
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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! |
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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?
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. |
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600 second node reward time
0.25NND rewarded per node every period What is this? 10 mins for one block with only 0.25 NND per block. Did it what the team wanted expressing in the OP? Did I understand the message right? 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? 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! |
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600 second node reward time
0.25NND rewarded per node every period What is this? 10 mins for one block with only 0.25 NND per block. Did it what the team wanted expressing in the OP? Did I understand the message right? 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! |
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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! |
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