Yes! Running a node is a rewarding way of feeling and being integral to the functioning of the XX Network and helping the network to scale, while being compensated for doing so.
Requirements
- One fairly powerful Desktop PC, with a Turing/Ampere architecture GPU and other minimum specifications which acts as the ‘Node’.
- One less powerful machine which can reside in the cloud and acts as the ‘Gateway’. The gateway shields the node from direct exposure and stores mixnet messages.
- Separate internet connections for both the node and gateway, and both connections must be able to handle 100Mbps in both directions.
- An ability to follow instructions closely and a basic knowledge of setting up computers.
- Minimum of 1000XX Coins to use as a bond on the Node PC.
- Nominations from other nodes or coin holders to achieve the minimum amount of stake to enter the active node set, if you do not have the required amount already. You can lobby for these in the Discord or Telegram (express your passion for the project!). The amount you need is the lowest amount amongst all the other (370) nodes in the active set, it is normally around the 175,000-250,000 XX Coin mark at present. You can see the figure on a desktop under ‘lowest / avg staked’ here.
Generally speaking, due to the specifications, it is more often the case that the node is run at home and the gateway at a hosting service (as a VPS). Colocating the node at a datacentre is a route for some if they prefer.
The node and gateway run several services which keep the blockchain and the two machines in sync and the node also runs the cMixx mixnet software, which once you enter the active set, will kick into action. Once you’re up and running, you are also known as a ‘Validator’.
Compensation
Nodes are compensated in XX Coin for processing ’rounds’ on cMixx (batches of messages) and also for producing new blocks on the blockchain. Individual nodes can set compensation percentages to remain competitive and attract nominations.
The amount you earn depends on your own stake, your commission percentage and how well your node performs. This part of the blockchain model used is known as Nominated Proof-of-stake (NPos) which keeps the network decentralised, secure and allows for other features such as governance.
You can get an idea of rewards by exploring other nodes’ data in the web wallet (see the ‘stats’ at the end of each row) and actual staking payouts (after any nominator payouts) in the official explorer.
Get Started
If that all sounds reasonable, get ready to follow a lot of instructions!
Everything you need to know to get started from here on is in Keith’s Millette’s excellent documentation known as the Node Handbook. Tap below to start:
FAQs
- What is the XX Network?
- What’s New in the XX Network?
- Is XX Coin a Privacy Coin?
- How Much and When Were the Original XX Coin Sales?
- What is cMixx? Is it Different From cMix?
- Is David Chaum Still Part of the XX Network?
- What is Project Tourbillon?
- What is the Circulating Supply and Market Cap of XX Coin?
- How Can I Buy XX Coin?
- How do I Stake XX Coins?
- When Will XX Be Listed on Another Exchange?
- Is The XX Network a Polkadot Parachain?
- How Do I Get XX Coin Funding for a Project, Initiative or Idea?
- Can I Run a Node in the XX Network?
- Are There Any Bounties Available?
