Masternodecoin with Decentralized & Privated
A node means one computer in a network that is communicating with other computers in that same network. So if you’re just surfing the internet on your computer, you’re not using a node because you’re just surfing it by yourself and are not connected to a specific group of computers with a shared community network. Node implies your computer is part of a specialized computer network.
The joy and happiness created by the economic achievement shall be shared by all people,It is part of the innovative sharing economy that I love and it is simply making the world a better place.But most important, by allowing more ppls to enjoy the rewards of rapid growth, it could help to prevent future social unrest.
Masternodecoin SummryMasternodecoin 【MTNC】is a blockchain based decentralized cryptocurrency that rewards network participation via static proof of stake. Masternodecoin rewards "connectivity age" instead of “coin age,” thus eliminating abuse from exchanges and users that do not actively contribute to the network. By having a static reward system, the rewards for participation are proportional to the work every active node contributes. This discourages centralization and promotes network health. In addition to static rewards, Masternodecoin implements a masternode network to incentivize large holders, and perform advanced functions such as near instant and private transactions.50,000 MTNC transaction with 15 block confirmations.
Private transactionsMasternodes facilitate private transactions through a decentralized mixing service that takes advantage of the perfect fungibility of the currency. Any unit of Masternodecoin has the equivalent value to any other unit of identical size, regardless of the transaction history of any particular unit. Masternodes use this property to automatically break up private transactions into multiple identical and indistinguishable transactions, both adding complexity to the original transaction and obfuscating the provenance of any given unit.
PrivateSend BasicsPrivateSend gives you true financial privacy by obscuring the origins of your funds. All the MTNC in your wallet is comprised of different "inputs" which you can think of as separate, discrete coins. PrivateSend uses an innovative process to mix your inputs with the inputs of two other people, without having your coins ever leave your wallet. You retain control of your money at all times.
Coin Suffix: MTNC
PoW Algorithm: SHA256d
Full Confirmation: 60 Blocks
PoS Target Spacing: 64 Seconds
PoS Difficulty Retarget: 2 Blocks
PoS Reward: Varied
PoS Min: 1 Day
Total Coins: 100,000,000 MTNC
Block Size: 2 Mega-bytes (MB)
RPC Port = 10085
Port = 10086
Masternode required: 50,000 MTNC(minimum)
Masternodes required: 50,000 (minimum)
Reward: Masternode reward + all fees for transactions contained in the block Peer validated network uptime + POS fees
Masternodes receive fixed rewards which are probabilistically distributed among peer validated masternodes. Masternodes recursively scan peer node performance, and only high performance nodes with sustained, stable, high-speed internet 5 connections are eligible for rewards. In addition to receiving the block reward, a masternode receives all fees for public transactions completed in a block and for all private transaction pools initiated in the block. These incentives promote continuous connectivity to maintain a high performance network.
Block Reward ScheduleA total of 100,000,000 MTNC will be used for the initial coin supply.
Year MTNC/Block MTNC/Year Total
1 30 17058660 117058660
2 20 10512000 127570660
3 10 5256000 132826660
later… 5 2628000 135454660+…
The interest rate is dynamic for every masternode，That means more masternodes in network ,the less interest for every masternode.
For example:==> first year :All masternodes compete for 24MTNC(30MTNC/Each block and 24MTNC for masternode interest) for new block outputs.
The last 6 MTMC will be the POS interest.
Masternodecoin will be distributed all free, airdrop will coming soon.
Remark：High-level member in BTT is necessary ， we need loyal friends (detail rule as follow).
Our expectation ：1000 High-level members were planned for free distribution and 1000 high-quality masternodes
1:Signature bounty
2:Translation bounty ---Reservation is required
500000 MTNC bounty for translation ,each translation 10000 MTNC
3:Follow twitter bounty
4:Cooperative partner bounty
a: MTNC block explorer ---50000 MTNC bounty will be sent for 5 times within 5 months (10000MTNC/MONTH)
b:We need two promoters who is best at promotion.
bounty ：150000 MTNC/ member , total 300000 mntc(bounty will be sent for 5 times within 5 months (30000MTNC/MONTH))
PM me if you are interested.
Submit your airdrop account information here ==> Airdrop Submit- One person just only one account, multiple accounts will not allow, if noticed anyone have multiple accounts then all accounts will be banned from the airdrop.
- Sr member and above are eligible to accept airdrop，Full member of High-quality have such chance to accept aridrop.High-quality will explain later.
- ALL accounts of airdrop should leave the Masternodecoin signature in your bitcointalk account.(There's no signature reward anymore) if anyone remove signature during the period will be disqualified.The signature should keep 3 weeks at least.
- All airdrop bitcointalk accounts should be active accounts,should be really the fans of crypto-currency ,that means at least 14 valid posts per week in anywhere of bitcointalk community .We have no rule or restrictions on this.Full member of High-quality should have 21 valid posts per week.Posts must be constructive and on-topic. Spamming, low quality posts, copy paste and off topic posts will not be counted.
- All accounts who accept airdrop should pay close attention to Masternodecoin including this official ANN thread and twitter or others from official. any accounts don't care about Masternodecoin development will be banned from the airdrop.we need really fans of masternodecoin.
- Sr member or above should republish the article from DEV officlal team to others crypto-currency community or platform at least 3 time, Full member should be reublish at least 6 times. or your account will be disqualified.
- Final explanation right belongs to the Masternodecoin team. we need the really fans,and welcome to our community.
Remark: Sr member or above and Full member of High-quality will get 50000 MTNC when they meet the above conditions.
The MTNC(airdrop) will be sent at the early September if you followed the rule.
The airdrop will be finished at September 1str 2017~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
A:Translation bountyBudget: 500000 MTNC and 10000MTNC/translation.
Rules and Terms:
- Translations must be original, using any kind of tools such as Google are not allowed. If found the translator will be blacklisted.
- ANN thread translator will be responsible for the moderation as well . The translator must keep the thread active by translation of official announcements, news, posts.
- If you failed to keep the thread active and up to date, your reward can be reduced to 50% of the actual payment or you could simply be disqualified.
- Newbies i.e. users with no previous experience of translation will not be accepted.
- Manager and owners reserve the rights to add rules, or do any kind of reasonable changes.
- The payment will be released after 9.15.2017
Reserved translations:
French --> Reserved for gloupsy
https://bitcointalk.org/index.php?topic=2065798.0Spanish --> Reserved for freemind1
Filipino --> Reserved for arwin100
https://bitcointalk.org/index.php?topic=2070424.0Italia --> Reserved for davide72
Indonesian --> Reserved for PEKKA
Polish --> Reserved for sud
https://bitcointalk.org/index.php?topic=2065095.0Japanese --> Reserved for nekohachicoin
Danish -- > Reserved for vikingchild
German --> Reserved for RbiggerG
Malay --> Reserved for fanten
https://bitcointalk.org/index.php?topic=85430.msg20605519#msg20605519 Chinese --> Reserved for wnfmzm74
Arabic --> Reserved for Mozdalifa17
Russia --> Reserved for termion
https://bitcointalk.org/index.php?topic=2069915.0Hindi --> Reserved for ankit10
https://bitcointalk.org/index.php?topic=2068634.0B: Twitter bountyOfficial Twitter : https://twitter.com/masternodecoin Follow our twitter then..
Submit you Twitter information here 【 Must be 】>> Submit your Twitter information Here Budget:1,000,000 MTNC
Payment will be based on weekly MTNC and will only be rewarded to eligible users as follows:
100 MTNC per Week
Terms and Conditions:
- Your Twitter account must have minimum 200 Followers.
- Your Twitter account must be original. Fake, dead, inactive and bot accounts will not be accepted.
- You must be an active and regular Twitter user, and must be retweeting MTNC's official tweets and updates.
- Joining with multiple accounts is not allowed. user found to be using multi accounts, will be blacklisted.
- Terms and Condition can be changed or more can be applied if necessary.
Remark: twitter link and MTNC address post in thread is not allowed.C:Signature CampaignSubmit you Bitcointalk Account information here 【 Must be 】>> Submit your BTT Account HereBudget: 1,000,000 MTNC will be allocated for the Signature Campaign Program.
Payment will be based on weekly MTNC:
- Jr Member and Member: 40 MTNC/weeks
- Full Member: 60 MTNC/week
- Sr Member: 100 MTNC/week
- Hero and Legendary: 150 MTNC/week
Rules, Terms and Conditions:
- Keep the signature until the end of the campaign, removing the signature in middle of campaign will disqualify you.
- You must do a total of 50 posts during the period of the campaign.
- Posts must be constructive and on-topic. Spamming, low quality posts, copy paste and off topic posts will not be counted.
- Eligible posts must be 75 character long, shorter than 75 character will not be counted.
- Payment will be done at the end of all bounties.
- keep your signature until the spreadsheet is updated with your final post count (allow at least one week to count posts) removing signature before post count will disqualify you.
- Newbies are not allowed to join.
Remark:MTNC address post in thread is not allowed.
*******SIGNATURE DESIGN*******
Jr Member
[center][url=https://bitcointalk.org/index.php?topic=2056867.0]Masternodecoin ★ Airdrop ★ Free Economic of Masternode[/center]
Member
[center][url=https://bitcointalk.org/index.php?topic=2056867.0]Masternodecoin ★ Airdrop ★ Economic of Masternode
▁▂▃▄▅▆▇ Free Airdrop ▇▆▅▄▃▂▁[/url]
[u][url=https://bitcointalk.org/index.php?topic=2056867.0] █ NO ICO [/url][url=https://www.facebook.com/node.master.56]█ Facebook [/url][url=https://twitter.com/masternodecoin]█ TWITTER [/url][url=https://bitcointalk.org/index.php?topic=2056867.0]█ ANN THREAD █ [/url][/u][/center]
Full Member
[center][b][url=https://bitcointalk.org/index.php?topic=2056867.0][font=arial black][color=#E61ABD] ❤❤❤❤ [/color] [b] Masternodecoin[/b] [color=#06A525]【[/color] [color=red] Airdrop [/color] [color=#06A525]】[/color] Economic of Masternode [color=#E61ABD] ❤❤❤❤[/color][/font]
[font=arial][color=#1A1AE6][color=pink]▁▂▃▄▅▆▇ [/color] Free Airdrop ❤ Twitter Bounty ❤ More Bounty [color=pink]▇▆▅▄▃▂▁[/color][/color][/font][/url]
[u][url=https://bitcointalk.org/index.php?topic=2056867.0] █ NO ICO [/url][url=https://www.facebook.com/node.master.56]█ Facebook [/url][url=https://twitter.com/masternodecoin]█ TWITTER [/url][url=https://bitcointalk.org/index.php?topic=2056867.0]█ ANN THREAD █ [/url][/u][/center]
Sr Member and Above
[center][table][tr][td][url=https://bitcointalk.org/index.php?topic=2056867.0][size=8pt][tt][color=#09E1D8][color=#A96D13] ❤❤❤[/color]
[color=#D78A18]❤❤❤❤❤[/color]
[color=#EBA948]❤❤❤❤❤❤❤[/color]
[color=#EEB866]❤❤❤❤❤❤❤❤[/color]
[/tt][/size][/url][/td]
[td][left][url=https://bitcointalk.org/index.php?topic=2056867.0][font=arial black][size=16pt][color=#03417F][u]Masternodecoin[/u][/color][/size][/font]
[size=9pt][font=Arial][b][color=#99112C]NO ICO ❤ Free ❤ Masternode[/color][/b][/font][/size][/url][/left][/td]
[td][b][size=24pt][color=#1653A8]☻[/color][/size][/b][/td]
[td][font=arial black][size=16pt][color=#03417F][u][color=transparent]a[/color][/u][/size][/font][/td][td][/td][td][/td]
[td][url=https://bitcointalk.org/index.php?topic=2056867.0][size=2pt][tt][/size][/td]
[td][center][i][font=arial narrow][url=https://bitcointalk.org/index.php?topic=2056867.0][size=15pt][b][color=#03417F]●[color=#FF3300]Airdrop[/color]●[color=#A329A3]All Free Distribution[/color] ● [color=#050594]Masternode Economic[/color][/size][/url][/font][/i]
[b][font=Arial black][size=8pt][color=#09E1D8][u][url=https://bitcointalk.org/index.php?topic=2056867.0][color=#09E1D8][u][color=#005FCE]NO ICO[/color][/u][/color][/url] █[url=https://www.facebook.com/node.master.56][color=#09E1D8][u][color=#005FCE] FACEBOOK[/color][/url] █[url=https://twitter.com/masternodecoin][color=#09E1D8][u] Twitter[/color][/url][/u][/size][/font][/b][/center][/td]
[td][font=arial black][size=16pt][color=#03417F][u][color=transparent]a[/color][/u][/size][/font][/td]
[td][b][size=24pt][color=#1653A8]☻[/size][/b][/td]
[td][right][url=https://bitcointalk.org/index.php?topic=2056867.0][font=arial black][size=16pt][color=#03417F][u] [font=Arial narrow][b][color=#03417F]NO ICO[/b][/font][/u][/size][/font]
[size=9pt][font=Arial][b][color=#000]FREE DISTRIBUTION[/b][/font][/size][/url][/right][/td][/tr][/table][/center]
MTNC block explorer ---50000 MTNC bounty will be sent for 5 times within 5 months (10000MTNC/MONTH)
Reserved for onnz423
E: Promoter bountybounty ：150000 MTNC/ member , total 300000 mntc(bounty will be sent for 5 times within 5 months (30000MTNC/MONTH))
Terms and Conditions:
- keeping active in the ANN thread ,answer the questions,encourage uses to took active part in various activities of Masternodecoin.
- meaningful posts in ANN thread no less than 6 posts a day. Posts must be constructive and on-topic. Spamming, low quality posts, copy paste and off topic posts will not be counted.
- active participation in the activities from official team,including twitter and facebook bounty ,etc
- have your own group about crypto-currency, promoting MTNC to your own group actively
- Publish articles and republish the articles to relevant industry website no less than 20 articles ， making video will get 30000 MTNC for additional reward.
- Coordinate and assist the job for official team
- make sure done with above job , or your reward can be reduced to 50% of the actual payment even you could simply be disqualified.
Dark Send (Private Transactions)Masternodes facilitate private transactions through a decentralized mixing service that takes advantage of the perfect fungibility of the currency. Any unit of Masternodecoin has the equivalent value to any other unit of identical size, regardless of the transaction history of any particular unit.
Masternodes use this property to automatically break up private transactions into multiple identical and indistinguishable transactions, both adding complexity to the original transaction and obfuscating the provenance of any given unit.
In a block of transactions, three users submit funds in various set denominations. Users pay themselves back in the form of new outputs, which are randomly ordered.
Private Masternodecoin transactions are initiated through a local wallet and received by the masternode subnetwork. Transactions are processed in groups of three. Inputs of common denominations are required – for example 0.1 MTNC, 1 MTNC, 10 MTNC, or 100 MTNC.
Upon application to the mixing pool, a receiving masternode propagates the transaction set throughout the network. If only one or two private transactions are pending, they are held in queue until three are in the mixing pool. Fees are extracted from the individual transactions, then charged collectively to further obfuscate the transaction history.
Private send is limited,thus requiring multiple sessions to thoroughly delink associated transaction history from significant amounts of money. Since each session is limited to three clients, an observer has a one in three chance of being able to follow a transaction.
Mixed transactions are chained together through multiple masternodes, making traceability exponentially more difficult with each additional chained transaction. Users have some control over the degree of mixing. More mixing takes more time, but more thoroughly obfuscates inputs.
The fee for these transactions grows with each degree, as the process is more labor intensive for the masternodes .
This method of mixing is a trustless, integrated, on-chain, on-network service that is efficient, effective, and safe. It is initiated directly within a local wallet and completed without leaving the Masternodecoin network. While some details of private transactions are obscured, the system nevertheless retains verifiable integrity of spent coins on the Masternodecoin blockchain.
