Benefits of running a Ghostnode at NIX platform
At first, you should know about nix platform:
NIX Platform is a next-generation privacy currency and multi-layered interoperability platform which fuels anonymity-focused decentralized applications (dApps), privacy swaps and smart contracts, providing the option of adding a best-in-class privacy layer to any blockchain.
You can find more about nix here: https://nixplatform.io/
WHAT IS GHOST NODE???
SPECTRE Creators Propose ‘PHANTOM’ Blockchain Protocol
The researchers behind the SPECTRE and GHOST projects have proposed a new blockchain scalability protocol.
Called PHANTOM, the protocol claims to provide transaction confirmation that is “secure under any throughput that the network can support” — smart contracts included.
Authors Yonatan Sompolinsky and Dr. Aviv Zohar outlined the new protocol in a paper published this week, building on SPECTRE, which deviates from bitcoin’s common block structure with more scalable “directed acyclic graphs of blocks”(blockDAGs). The team describes the tech as “a generalization of Satoshi’s chain which better suits a setup of fast or large block[s].”
Unlike off-chain solutions such as the Lightning Network, where transactions are conducted on a separate layer, Phantom proposes an on-chain means of achieving scalability.
The authors explain that PHANTOM’s primary focus is that it enables the linear ordering of blocks, which is not possible in the SPECTRE protocol. To do so, it uses a “greedy algorithm” on the blockDAG to identify blocks mined by “honest” nodes, but not those from “non-cooperating” nodes that deviate from the mining protocol.
The paper states:
“Using this distinction, PHANTOM provides a full order on the blockDAG in a way that is eventually agreed upon by all honest nodes.”
Solving the problem of linear ordering, the authors say, enables PHANTOM to scale any computation, including smart contracts.
However, Sompolinsky and Zohar note that, by adopting linear ordering, the protocol sacrifices some of the speed of confirmation previously achieved by SPECTRE. The researchers indicated their plans to resolve this problem in future work.
Benefits of running a ghost node:
Ghost node is next generation most valuable master node that acts to validate privacy transactions on the NIX blockchain which in return provides a higher return than staking from block rewards.
Ghost node provides validation for every transaction taken and responsible for receiving all the privacy fees generated from all private transactions.
Ghost node receives fees generated from the 3rd party DApps that utilizes the Ghost protocol. A good example is Flare wallet privacy features.
In conclusion, Ghost node powers privacy and enhances profits. For example, seamless address less transactions. Transactions are done without the need for NIX addresses and user’s history can not be compromised.
How to set up a Ghost Node.?
We need to lock in NIX coins in a “G” address along with following the setup procedures for Ghostnode. This ensures that the network uses nodes to dedicate power to the Ghost Protocol transactions.At least 40 000 NIX coins present or ready to be sent to the masternode wallet address in order to later generate a transaction (TXid) for a NIX masternode.
By running a Ghost Node, the users are rewarded with a share of tue blocks reward. This inturn is a way of generating a passive income for the person. NIX masternodes have around a 16% annual return on investment, so it’s a pretty good amount just by running a simple node.
Do you know that NIX platform support a ghost node on your mobile ??
You can find out the details here: https://flarewallet.io/flare-update-how-to-launch-your-masternodes-in-flare-mobile/
HERE SOME IMPORTANT LINKS FOR KNOWING NIX PLATFORM CLEARLY:
nix website: https://nixplatform.io/
nix telegram: https://t.me/nixplatform
nix twitter: https://twitter.com/nixplatform
nix medium: https://medium.com/@nixplatform
nix Facebook: https://www.facebook.com/NIXPlatform
