What is a Znode?

By November 27, 2017 No Comments

Nodes are computers that host a full copy of Zcoin’s blockchain and help to verify the validity of transactions.

Znodes are a special type of node that earn part of Zcoin’s block reward (currently at 30% of the block reward) in return for hosting a reliable and powerful node that helps to support the network. Znodes require a refundable collateral of 1000 XZC to ensure Znode holders have a stake in the coin and are incentivized to keep it working honestly, updated often and have a high uptime.

In the future, it is intended that Znodes serve as a building block for other services to be built on top of it including the delegation of Zerocoin transaction processing.