Bitcoin Forum
May 04, 2024, 03:15:15 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: What if all masternodes go down same time?  (Read 148 times)
eqiz (OP)
Newbie
*
Offline Offline

Activity: 9
Merit: 0


View Profile
October 31, 2018, 03:19:55 AM
 #1

just out of curiosity if all masternodes went down at same time (global US blackout or w/e) and i mean literally all masternodes for a coin goes down for say like a couple hours... what then? do they just wait for power to come back up and just resume or would everything be off sync because everything isn't on same time?
TalkImg was created especially for hosting images on bitcointalk.org: try it next time you want to post an image
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1714835715
Hero Member
*
Offline Offline

Posts: 1714835715

View Profile Personal Message (Offline)

Ignore
1714835715
Reply with quote  #2

1714835715
Report to moderator
MadGamer
Legendary
*
Offline Offline

Activity: 1568
Merit: 1031


View Profile
November 04, 2018, 12:28:50 PM
 #2

The network will go down. Master nodes are what's securing the network and getting the transactions confirmed, If they're down, transactions won't go through anymore. Think of it like the miners for coins that uses POW instead of POS.
zedaq
Member
**
Offline Offline

Activity: 420
Merit: 10


View Profile
November 04, 2018, 12:31:33 PM
 #3

And what is not clear? I think that the network in this case will simply stop working, because there will be no handlers for this network, if it is not profitable for the masternode holders, then believe me they will immediately finish the work with this project.
mastersay
Jr. Member
*
Offline Offline

Activity: 322
Merit: 2


View Profile WWW
November 06, 2018, 08:55:24 AM
 #4

Its literally not possible and not gonna happen. But if thats gonna happen, not all masternodes are fully sync at the same time. The masternode coins relies on their blockchain syncing. But if it stops, then it restart, the masternode will run back again, normal.

HARA │ Empowering billions through data one byte at a time
Correlll
Member
**
Offline Offline

Activity: 310
Merit: 10


View Profile
November 06, 2018, 08:59:36 AM
 #5

It would be a horror for the crypto market, because a lot of coins from top 100 are masternodes, but on the other hand, there are still some other great coins left, that are not based on the masternode principles.
Endikadija
Hero Member
*****
Offline Offline

Activity: 1458
Merit: 509


View Profile
November 06, 2018, 09:12:33 AM
 #6

It would be a horror for the crypto market, because a lot of coins from top 100 are masternodes, but on the other hand, there are still some other great coins left, that are not based on the masternode principles.
Lol tit would not. There was a lot of coins that are not using masternode. this will give impact to the network but it doesn't give any impact to another network. They have been building it in their own network. The demand of this coin will go to another coin because it's useless to hold your masternode coin.
iconoclast
Full Member
***
Offline Offline

Activity: 770
Merit: 102


Matrix Built On An Ethereum Smart Contract


View Profile
November 06, 2018, 09:28:37 AM
 #7

If all the Masternodes went down then so would the network so no transactions could take place. When things were restarted they would resync and begin making transaction from the last block that was completed and confirmed. If something powerful enough to shutdown all the nodes around the world was to take place you would probably have much greater worries than just your cryptocurrencies.

Rati24
Full Member
***
Offline Offline

Activity: 462
Merit: 103



View Profile
November 06, 2018, 09:50:31 AM
 #8

I do not like to keep masternodes payback from them is very long especially in the fall of the market. Then you have to work for free and even at a loss. In a bear market, in general, a coin can fall to zero and you lose all the money that was invested there. When the market is growing, of course, you can make good money, but you should not wait for such a result.
Invest-or
Member
**
Offline Offline

Activity: 322
Merit: 20


View Profile
November 06, 2018, 01:06:07 PM
 #9

The network would shut, but that should happen even if only a sensible number of nodes go down, since you require to have a good number of trustable ones for safety.
79b79aa8d5047da6d3XX
Full Member
***
Offline Offline

Activity: 660
Merit: 101


Colletrix - Bridging the Physical and Virtual Worl


View Profile
November 06, 2018, 01:15:34 PM
 #10

Everything will stop, just like you are using a computer and lose power. There is only one black color and it will work again when the buttons in the masternodes come back

Vaniaayu
Full Member
***
Offline Offline

Activity: 476
Merit: 101



View Profile
November 06, 2018, 01:35:52 PM
 #11

if all the masternodes come down at the same time, there is clearly parelization that makes everyone disappointed, even though every masternode war project at that time
coinplus
Legendary
*
Offline Offline

Activity: 1386
Merit: 1058



View Profile
November 06, 2018, 03:23:43 PM
 #12

just out of curiosity if all masternodes went down at same time (global US blackout or w/e) and i mean literally all masternodes for a coin goes down for say like a couple hours... what then? do they just wait for power to come back up and just resume or would everything be off sync because everything isn't on same time?
How tough? I mean there needs to be a global natural disaster or something. Masternodes for coins are usually all over the world unless they are some obscure small new coins. Bigger coins have followers and the masternodes provide amazing globalization for the coin. When a coins masternodes are from 20+ different countries how is it possible that all of them would go down at the same time ?

I think we need to reconsider the fact that masternodes are not centralized and they are just as decentralized as anything in crypto. However like the others said if something happens to masternodes all at once (however unlikely it is) than the network will go down and transactions won't be passed, it will just get stuck like while downloading something and the internet goes.
cupic
Member
**
Offline Offline

Activity: 238
Merit: 10


View Profile
November 07, 2018, 11:07:42 AM
 #13

just out of curiosity if all masternodes went down at same time (global US blackout or w/e) and i mean literally all masternodes for a coin goes down for say like a couple hours... what then? do they just wait for power to come back up and just resume or would everything be off sync because everything isn't on same time?
there's always a backup
in this case, there are more than 1 master node that user can't control. the developers in control of that nodes,
if someone trying to turn off all the nodes, so there's always some left to keep the net running.
Nisharawal
Member
**
Offline Offline

Activity: 336
Merit: 11

I am no stable coin. to the mooonn.. and back


View Profile
November 07, 2018, 01:28:14 PM
 #14

it should be a worldwide blackout to affect all the masternodes. unless you manage to do that, nothing really happens

▰▰▰▰ BLACK ▰▰▰▰
 ▰▰▰▰ Insurance Company on Blockchain   ▰▰▰▰
WHITEPAPER   JOIN TELEGRAM   ◄ Ann Thread ►
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!