We are back today with a big update on the migration to Evonodes 2.0!
Over the past week we’ve been migrating and testing our nodes on the new platform and the results have been very exciting! We expect to have all nodes, except some special cases we rather double check again, deployed and fully functional by the end of tomorrow!
This will mark the end of our masternode migration phase, and we can now move on to the actual upgrading of all the core code. This will optimize and improve all functionality, which creates the basis for all the new features we will be rolling out. This is a very delicate process, because we cannot disrupt the current functionality/features, but we also need to test out the new features on a live platform. We estimate this also taking around 5–6 days.
On top of that, we would like to come back to what we are going to be offering when we launch Evonodes 2.0. This includes what we have now, and 2 brand new masternode products named Hybrid Masternodes and Dedicated Masternodes!
Lets take a look at each product and a short explanation of what they are exactly…
Shared Masternodes are used by those that do not own the entire collateral required to set up a whole node, but still wish to participate in earning rewards. Shared Masternodes are highly automated, and fully managed by Evonodes. In order to join one of the shared pools you need to send your coins to your personal deposit address at Evonodes. Coins are then are used to set up new nodes when possible to increase the rewards the pool receives. These nodes require no work on your end, simply deposit your coins and start earning.
Dedicated Masternodes are nodes that are partially managed by Evonodes. Your coins do not leave your own personal wallet, and Evonodes handles the technical aspects of managing your nodes. We have custom built scripts that will deploy your nodes for you in just minutes. This is the most secure option for hosting a masternode. We run our dedicated nodes exclusively on IPV4 addresses to support the coin’s network security, ensuring that we are staying true to the intended decentralized nature of cryptocurrency.
Hybrid Masternodes are intended for coins that are still being actively developed but are also facing price and earnings issues. These coins face a specific challenge for hosting providers. These projects need investors that are willing to host nodes to support the network, but the coins’ price & nodes earnings often do not allow paying for a true IPV4 decentralized dedicated node. We have decided to offer a hybrid hosting service for these coins. We will be hosting these nodes in a 50/50 IPV4/IPV6 configuration. We do not agree with the exclusive IPV6 node spamming, that some hosting providers exclusively offer, as it purposely degrades network security. Our Hybrid Masternodes offer us a unique ability to still offer a reasonable hosting solution for these lower cap coins, while still staying within the decentralized spirit of crypto. A resource intensive masternode will always stay in the regular dedicated masternode section.
While we understand that IPV6 could be a cheaper hosting option, we personally disagree with the centralization of “IPV6 only” hosting. With IPV6 you can, in theory, setup as many nodes as you wish, of the same coin, on the same hardware. Strictly hosting IPV6 in this manner poses a risk to the stability of the network, as this method of hosting could cause the network to take a very big hit if this single piece of hardware goes down for any reason. However, using a mixture of IPV4 & IPV6 could be a great solution for nodes that are suffering from earnings shortcomings, while the project itself is still being actively developed.
(edited)
Proof of Stake Pools are for coins that are exclusively Proof of Stake. Users pool together their coins, and Evonodes divides them into optimized staking inputs in order to increase the chances of earning staking rewards more often and on a more consistent basis than staking on your own.
Additional benefits include, not having to constantly manage your staking inputs and not needing to run a staking wallet 24/7 anymore, often saving you time and electricity. These staking wallets are highly automated, and fully managed by Evonodes. These pools require no work on your end, simply deposit your coins and start earning!
We are currently looking into Cold Staking and how we can incorporate it into the platform. Stay tuned for information on that in a later update!
That will do it for this update everyone! Stay tuned for the next update coming soon!
