E3Hubs, the largest incubation hub in Southeast Asia, is embarking on a grand blockchain project by creating a global digital economy platform that is powered by its native token, E3T. We believe that E3T will help build a vibrant token economy for our closed-loop ecosystem comprising startups and entrepreneurs.
In order to achieve our dream, we plan to build a robust blockchain network comprising validator nodes and masternodes. Together they will help maintain the functionality and the integrity of the E3T blockchain.
A Masternode is a cryptocurrency full node wallet that supports the network by hosting an entire copy of the blockchain in real time. In return, the Masternode will receive cryptocurrencies or tokens as a reward. It applies only to networks that run on Proof of Stake or Proof of Authority networks.
Masternodes can be hosted on a series of virtual private servers, forming a cluster of validator nodes within a blockchain network. Alternatively, all of the masternodes can be hosted on a single virtual private cloud like AWS.
A Masternode has a few important roles in a blockchain network:
Hosting a masternode enables you to earn passive income from participating in network maintenance functions which include receiving gas fees by validating transactions. Besides that, you can also earn from the appreciation of the value of the coin you are holding.
At E3T, there are two types of Validators – Master Validators and Secondary Validators.
All Validators are important to the E3T Blockchain as we are built on Proof of Authority protocol and validators play an important role in validating the transactions of our members.
Master Validators are holders of Masternodes. They are the industry leaders of any of the seven stakeholders with which E3T Blockchain is engaging – Government Agencies, Entrepreneurs, Corporates/Businesses, NGOs, Investors, Academia and Developers. Entry as Master Validators is by invitation only.
Secondary Validators are validators who have influence in any of the seven stakeholders communities. They are voted by the community on a yearly basis to act as a Secondary Validator.
Secondary Validators are voted by members of GEAN to represent their communities. The communities are the 7 stakeholders communities – Govt Agencies, Entrepreneurs, Corporates/Businesses, NGOs, Investors, Academia and Developers. Entry as Secondary Validators are by voting in their respective communities.
You will need a VPS, Virtual Private Server, with almost zero downtime. Your server needs to run 24 x 7 x 365. That means that you will have to hire the best virtual server hosting service in your location.
Along with a dedicated server, you will need a dedicated IP. Your IP will be your technical identity in the network where you invest.
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