We are going to use this post to go over Pecu Validator Nodes and how important that are for any blockchain network.
Validators, those that host a node, are a very important piece of the blockchain puzzle as they are the ones that helps to further secure and scale a blockchain network. This is why they are rewarded for their time and effort in the native coin of that network. In this case it is the digital asset PECU.
Blockchain networks such as Bitcoin use Proof of Work to keep their network moving and reward their validators accordingly. The proof of work systems are dependent on serious computer power and lots of energy to run those networks. There are publicly traded companies that focus specifically on that because it is cost intensive but rewarding as long as the price of Bitcoin doesn’t fall below a certain level.
Ethereum transitioned from Proof of Work to Proof of Stake, this basically knocked out any validators that may have had their GPU’s working overtime on mining ETH. What this did is forced miners of ETH to stake their ETH in order to be a validator and earn more ETH. This model knocked out smaller players that may have had the capacity to mine for ETH.
Pecu Novus doesn’t use Proof of Work nor Proof of Stake, their mode is Proof of Time, this basically means that rewards to a validator is based on how long the node is active. Another key point of Pecu Validator Nodes is that not only is the computing power for mining Bitcoin required, the nodes are pruned full nodes, which just means that a validator doesn’t need to house the full blockchain just a portion of it. This reduces the space needed for the node.
So Bitcoin Miners and former Ethereum miners have an opportunity to not only help strengthen the Pecu Novus Network but also to do it without interrupting their current mining process due to the low power and space needed to run a Pecu Validator Node. So they can basically run a simple node and earn rewards in PECU where they have their machines running in any event and supplement their business with very little effort.
This is where is gets very interesting as this will expand the usage of the Pecu Novus Blockchain Network which benefits the community, the miners, businesses and applications globally that build on Pecu. This promotes inclusion across the board.
Now the Pecu Novus Blockchain Network is set to max out at 50,000 PECU Coins to reward Validators per day and that is 365 days per year for the next 20 years so more than enough in the til for validators to earn rewards. In 20 years it will halve to 25,000 PECU Coins per day for the next decade and so on.
This is a great development for Pecu Novus as it will continue to not only increase the blockchains security, scalability and value, it will also increase the security for each and every platform, layer-2 blockchain and application that is built on Pecu Novus.
Big PLUS that this is not just limited to pro Bitcoin and Ethereum miners, anyone with a computer that can connect to high speed internet and keep it live can earn rewards daily. So inclusion is one of the key modes of Proof of Time.
More updates and input will be on the way to everyone!