Almost overnight the number of Syscoin masternodes that hovered around 1630 nodes for months suddenly showed an increase to 1795 being enabled, with another 100 masternodes in the pipeline waiting to be enabled (as of 12/1/19). It obviously means some party decided to invest the equivalent of about USD 300K+ in Syscoin masternodes. Hence, more than 31% of the entire $Sys supply is currently locked up in masternodes which shows that a substantial number of investors take a long-term view when it comes Syscoin.
Masternodes are a series of servers that underpin a blockchain’s network. They are responsible for enabling specific services that miners under proof of work cannot accomplish. Much like proof of stake, Syscoin Masternodes rely on staking a certain amount of Syscoin to operate a Masternode. To establish a Syscoin Masternode, 100,000 Syscoin are needed. Syscoin masternodes implement the following services:
- - Decentralised Governance: Masternodes adjudicate and vote on technological and financial developments for the blockchain
- - Z-DAG: The ability to send transactions instantaneously, with Zero Confirmations which enables in excess of 60k TPS as tested in live conditions by third party. For details on Z-DAG which is enabled with the Syscoin Spark wallet that facilitates SPT (Syscoin Platform Token) transactions in addtion to $SYS, please follow this link https://www.publish0x.com/drlove/3rd-party-testing-results-syscoin-blockchain-are-finally-see-xrovpo
Unlike miners who may switch from one coin to the next based on profitability, masternode operators are incentivised to maintain and upkeep their nodes. The seniority mechanism increases ROI for long-term nodes to up to 100% from the baseline of 25.97 Syscoin rewards. Hence, the sudden increase cannot be interpreted in any other fashion that someone decided to make a substantial long-term investment!
Syscoin masternode statistics can be found at this link:
http://sysnode.info/masternode-stats.html
Finally, an up-to-date link collection for the growing Syscoin Platform and to see what is really cooking can be found at https://syscoin.network/syslinks
