This repository has been archived by the owner on Dec 27, 2023. It is now read-only.
forked from iwbinb/Nyzo_net_src
-
Notifications
You must be signed in to change notification settings - Fork 0
/
Copy pathgetting-started-03.html
414 lines (387 loc) · 25.3 KB
/
getting-started-03.html
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
142
143
144
145
146
147
148
149
150
151
152
153
154
155
156
157
158
159
160
161
162
163
164
165
166
167
168
169
170
171
172
173
174
175
176
177
178
179
180
181
182
183
184
185
186
187
188
189
190
191
192
193
194
195
196
197
198
199
200
201
202
203
204
205
206
207
208
209
210
211
212
213
214
215
216
217
218
219
220
221
222
223
224
225
226
227
228
229
230
231
232
233
234
235
236
237
238
239
240
241
242
243
244
245
246
247
248
249
250
251
252
253
254
255
256
257
258
259
260
261
262
263
264
265
266
267
268
269
270
271
272
273
274
275
276
277
278
279
280
281
282
283
284
285
286
287
288
289
290
291
292
293
294
295
296
297
298
299
300
301
302
303
304
305
306
307
308
309
310
311
312
313
314
315
316
317
318
319
320
321
322
323
324
325
326
327
328
329
330
331
332
333
334
335
336
337
338
339
340
341
342
343
344
345
346
347
348
349
350
351
352
353
354
355
356
357
358
359
360
361
362
363
364
365
366
367
368
369
370
371
372
373
374
375
376
377
378
379
380
381
382
383
384
385
386
387
388
389
390
391
392
393
394
395
396
397
398
399
400
401
402
403
404
405
406
407
408
409
410
411
412
413
414
<!doctype html>
<html lang="en">
<head>
<meta charset="utf-8">
<title>Nyzo.net - Knowledgebase - Getting started - How to join the cycle</title>
<meta name="viewport" content="width=device-width, initial-scale=1.0">
<meta name="description" content="This article describes the best practice for creating a sentinel.">
<link href="assets/css/loaders/loader-typing.css" rel="stylesheet" type="text/css" media="all" />
<link href="assets/css/theme.css" rel="stylesheet" type="text/css" media="all" />
<link rel="preload" as="font" href="assets/fonts/Inter-UI-upright.var.woff2" type="font/woff2" crossorigin="anonymous">
<link rel="preload" as="font" href="assets/fonts/Inter-UI.var.woff2" type="font/woff2" crossorigin="anonymous">
<link rel="icon" href="amp/favicon.ico">
<!-- Required vendor scripts (Do not remove) -->
<script type="text/javascript" src="assets/js/jquery.min.js"></script>
<script type="text/javascript" src="assets/js/popper.min.js"></script>
<script type="text/javascript" src="assets/js/bootstrap.js"></script>
<!-- Global site tag (gtag.js) - Google Analytics -->
<script async src="https://www.googletagmanager.com/gtag/js?id=UA-171082179-1"></script>
<script>
window.dataLayer = window.dataLayer || [];
function gtag(){dataLayer.push(arguments);}
gtag('js', new Date());
gtag('config', 'UA-171082179-1');
</script>
</head>
<body>
<div class="loader">
<div class="loading-animation"></div>
</div>
<div class="navbar-container ">
<nav class="navbar navbar-expand-lg navbar-dark" data-overlay data-sticky="top">
<div class="container">
<a class="navbar-brand fade-page" href="index.html">
<img src="assets/img/nyzlogo.png" alt="Nyzo" style='max-height:4.5rem;'>
</a>
<button class="navbar-toggler" type="button" data-toggle="collapse" data-target=".navbar-collapse" aria-expanded="false" aria-label="Toggle navigation">
<img class="icon navbar-toggler-open" src="assets/img/icons/interface/menu.svg" alt="menu interface icon" data-inject-svg />
<img class="icon navbar-toggler-close" src="assets/img/icons/interface/cross.svg" alt="cross interface icon" data-inject-svg />
</button>
<div class="collapse navbar-collapse justify-content-end">
<div class="py-2 py-lg-0">
<ul class="navbar-nav">
<li class="nav-item dropdown">
<a href="ncfp.html" class="nav-link dropdown-toggle" aria-expanded="false" aria-haspopup="true">NCFP</a>
</li>
<li class="nav-item dropdown">
<a href="github.html" class="nav-link dropdown-toggle" aria-expanded="false" aria-haspopup="true">Github</a>
</li>
<li class="nav-item dropdown">
<a href="mobile.html" class="nav-link dropdown-toggle" aria-expanded="false" aria-haspopup="true">Mobile</a>
</li>
<li class="nav-item dropdown">
<a href="#" class="nav-link dropdown-toggle" data-toggle="dropdown-grid" aria-expanded="false" aria-haspopup="true">Explorer</a>
<div class="dropdown-menu row">
<div class="col-auto" data-dropdown-content>
<div class="dropdown-grid-menu"><a target='_blank' href="https://nyzo.co" class="dropdown-item fade-page">Official explorer</a><a target='_blank' href="https://explorer.nyzo.net" class="dropdown-item fade-page">Web explorer<span class="badge badge-primary ml-2">New</span></a><a target='_blank' href="https://explorer.nyzo.net/client/richlist.html"
class="dropdown-item fade-page">Richlist<span class="badge badge-primary ml-2">New</span></a>
</div>
</div>
</div>
</li>
<li class="nav-item dropdown">
<a href="#" class="nav-link dropdown-toggle" data-toggle="dropdown-grid" aria-expanded="false" aria-haspopup="true">Community</a>
<div class="dropdown-menu row">
<div class="col-auto" data-dropdown-content>
<div class="dropdown-grid-menu"><a href="../home-course.html" class="dropdown-item fade-page">Forum<span class="badge badge-primary ml-2">New</span></a><a href="../home-coworking.html" class="dropdown-item fade-page">Discord</a><a href="../home-cryptocurrency.html"
class="dropdown-item fade-page">Telegram</a><a href="../home-desktop-app.html" class="dropdown-item fade-page">Twitter</a><a href="../home-event.html" class="dropdown-item fade-page">Facebook</a><a href="https://weibo.com/nyzoco"
class="dropdown-item fade-page">Weibo</a><br><a href="https://nyzo.io"
class="dropdown-item fade-page">Nyzo.io</a><a href="https://nyzo.xyz"
class="dropdown-item fade-page">Nyzo.xyz</a><a href="https://nyzo.today"
class="dropdown-item fade-page">Nyzo.today</a><a href="https://nyzo.me"
class="dropdown-item fade-page">Nyzo.me (cn)</a><br><a href="https://weibo.com/nyzoco"
class="dropdown-item fade-page">QQ: 1007477423</a>
</div>
</div>
</div>
</li>
<li class="nav-item dropdown">
<a href="http://78.47.221.148" class="nav-link dropdown-toggle" aria-expanded="false" aria-haspopup="true">Docs</a>
</li>
<li class="nav-item dropdown">
<a href="#" class="nav-link dropdown-toggle" data-toggle="dropdown-grid" aria-expanded="false" aria-haspopup="true">Exchanges</a>
<div class="dropdown-menu row">
<div class="col-auto" data-dropdown-content>
<div class="dropdown-grid-menu"><a href="https://buy.nyzo.net" class="dropdown-item fade-page">Qtrade.io<span class="badge badge-primary ml-2">Hot</span></a><a href="https://bilaxy.com" class="dropdown-item fade-page">Bilaxy</a><a href="https://bihodl.com"
class="dropdown-item fade-page">Bihodl</a>
</div>
</div>
</div>
</li>
<!--<li class="nav-item dropdown">
<a href="#" class="nav-link dropdown-toggle" data-toggle="dropdown-grid" aria-expanded="false" aria-haspopup="true">API</a>
<div class="dropdown-menu row">
<div class="col-auto px-0" data-dropdown-content>
<div class="bg-white rounded border shadow-lg o-hidden">
<div class="list-group list-group-flush">
<a href="https://explorer.nyzo.net/client/json/balance_list.json" target="_blank" class="list-group-item list-group-item-action d-flex align-items-center p-3">
<img class="icon icon-md" src="assets/img/icons/theme/files/selected-file.svg" alt="selected-file icon" data-inject-svg />
<div class="text-body ml-3">
<span>Balance list</span>
<div class="text-small text-muted">Sorted numerically</div>
</div>
</a>
<a href="https://explorer.nyzo.net/client/json/supply.json" target="_blank" class="list-group-item list-group-item-action d-flex align-items-center p-3">
<img class="icon icon-md" src="assets/img/icons/theme/files/selected-file.svg" alt="selected-file icon" data-inject-svg />
<div class="text-body ml-3">
<span>Network metrics</span>
<div class="text-small text-muted">Circulating supply & more</div>
</div>
</a>
</div>
</div>
</div>
</div>
</li> -->
</ul>
</div><a href="wallets.html" class="btn btn-primary ml-lg-3">Download wallet</a>
</div>
</div>
</nav>
</div>
<section class="bg-primary-3 text-light has-divider" data-overlay>
<img src="https://w.wallhaven.cc/full/4l/wallhaven-4l63wl.png" alt="Image" class="bg-image opacity-50">
<div class="container mt-lg-5">
<div class="row justify-content-center">
<div class="col-lg-10 col-xl-8">
<h1 class="h2 mb-3">How to join the cycle</h1>
<!-- <form>
<div class="input-group input-group-lg mb-3">
<div class="input-group-prepend">
<span class="input-group-text" id="basic-addon-1">
<img class="icon" src="assets/img/icons/theme/general/search.svg" alt="search icon" data-inject-svg />
</span>
</div>
<input type="search" class="form-control" placeholder="Search the Nyzo knowledgebase" aria-label="Search" aria-describedby="basic-addon-1">
</div>
</form> -->
<div class="d-flex text-small">
<span class="text-muted">In this article you will learn how to join the Nyzo cycle.</span>
<!-- <ul class="list-unstyled d-flex ml-2 flex-wrap">
<li class="mx-1"><a href="#">Verifier installation,</a>
</li>
<li class="mx-1"><a href="#">Nyzo wallets,</a>
</li>
<li class="mx-1"><a href="#">How to join the network</a>
</li>
</ul> -->
</div>
</div>
</div>
</div>
<div class="divider">
<img src="assets/img/dividers/divider-2.svg" alt="graphical divider" data-inject-svg />
</div>
</section>
<section class="pb-0 pb-5">
<div class="container">
<div class="row justify-content-center">
<div class="col-lg-10 col-xl-8">
<div class="d-flex justify-content-between align-items-center mb-3">
<nav aria-label="breadcrumb">
<ol class="breadcrumb">
<li class="breadcrumb-item">
<a href="knowledgebase.html">Knowledgebase</a>
</li>
<li class="breadcrumb-item">
<a href="knowledgebase-getting-started.html">Getting started</a>
</li>
<li class="breadcrumb-item">
<a href="#">How to join the cycle</a>
</li>
</ol>
</nav>
</div>
<h1>How to join the cycle</h1>
<div class="d-flex align-items-center">
<a href="#">
<img src="https://forum.nyzo.community/user_avatar/forum.nyzo.community/snipe/120/307_2.png" alt="Avatar" class="avatar mr-2">
</a>
<div>
<div>by <a href="https://forum.nyzo.community/u/Snipe/">0xSnipe</a>
</div>
<div class="text-small text-muted">31/01/20</div>
</div>
</div>
</div>
</div>
</div>
</section>
<section class="p-0" data-reading-position>
<div class="container">
<div class="row justify-content-center position-relative">
<div class="col-lg-10 col-xl-8">
<img src="https://media.discordapp.net/attachments/624369209173999617/672804919190749184/My_Post66.png" alt="Image" class="rounded">
</div>
</div>
<div class="row justify-content-center">
<div class="col-xl-7 col-lg-8 col-md-10">
<article class="article">
<p class="lead">
Understanding states of the verifier
</p>
<p>
When initially setting up a verifier and sentinel you may wonder when you're going to earn rewards for joining the network. The verifier can be in one of three states:
<ul>
<li>In queue - not eligible for selection</li>
<li>In queue - eligible for selection</li>
<li>In cycle - actively contributing to the network</li>
</ul>
The state of your verifier depends on a multitude of factors, we talk about them down below.
</p>
<p>
</p>
<h4>In queue - not eligible for selection</h4>
<p>
When you first join the network, your verifier will belong to the first category.<br>
The network actively enforces a 30-day incubation period, this means that your node will have to reside in the queue for at least 30 days before the network will even begin to consider letting your node join the network.<br><br>This is a protection mechanism put in place to discourage the usage of botnet(s), proxies or illicitly funded servers to rapidly gain an advantage in joining the network.
</p>
<h4>In queue - eligible for selection</h4>
<p>
After the incubation period is over your node will become eligible to join the network and it becomes a matter of <a href='https://nyzo.today' target='_blank'>statistical probability to know how long it may take</a> to successfully join the network.<br><br>The network utilizes a random selection procedure - based on the 50-block incremented block hash. What this means is that the network will switch the verifier it is actively voting for every 50 blocks. This does not mean that a new verifier joins the network every 50 blocks, as the blockchain rules ensure that only a few nodes are able to join every day. The verifier which is chosen is deterministically random, based on the block hash.<br><br>
The interval between new verifier additions to the network is regulated by a formula. <a href='https://nyzo.co/whitePaper' target='_blank'>This formula</a> uses the amount of verifiers in the cycle to determine when a new verifier is allowed to join. The bigger the cycle is, the more time has to pass to allow a new entrant to join the network. <br><br>The amount of new additions per day is an important metric to consider when deciding how many verifiers to add to the queue, as it has an impact on your propensity to join the network.<br><br>Other metrics which have an impact on this propensity are:
<ul>
<li>Competition: other people are trying to join the network as well, the amount of queue verifiers which are eligible for joining will largely determine your odds</li>
<li>Verifier efficiency: not all nodes in the queue are the same and will vary in quality, the more your node is resilient against DDoS attacks, the more chance you have of joining the network - <b>this is a small concern, as the sentinel is able to join the network for you when your node is unresponsive</b> - it speaks for itself that this causes some kind of delay, which you may want to account for and avoid at all</li>
</ul>
Using these variables, it is possible to get an idea of how much it costs for a node to join the cycle, and to calculate a break-even point based on the rewards the network gives you.
</p>
<h4>In cycle - actively contributing to the network</h4>
<p>
<b>Congratulations, you made it!</b><br><br><a href='proof-of-diversity-02.html' target='_blank'>For more information about the life cycle and the actions which your verifier performs, click here.</a>
</p>
<h4>How much Nyzo will I earn?</h4>
<p>
All transactions incur a 0.25% fee. This fee is split evenly among the verifier of this block and the verifiers of the previous nine blocks. Until a lot of people have a lot of coins, organic transaction volume will not be high enough to make transaction verification worthwhile. <br><br>To remedy this, the developers have created 27 million seed transactions: one transaction per block for the first six years that the system will be in operation. These transactions are drawn from an account for which the private key was generated, used to sign the transaction and discarded without saving.<br><br><a href='https://nyzo.co/releaseNotes/479' target='_blank'>Release 479</a> adds protection to the seed-funding wallet, this update ensures that no other transactions originating from the seed wallet can be included by the network.<br><br>
The <a href='https://github.com/n-y-z-o/nyzoVerifier/blob/9f92b85fe54929824aa070ff96f8ceaf01a95b86/src/main/java/co/nyzo/verifier/SeedTransactionManager.java' target='_blank'>SeedTransactionManager</a> automatically includes seed transactions into the blocks your verifier is producing.<br><br>
To calculate how much Nyzo you will receive, use the following calculator/formula/.. [todo]
</p>
<!-- <div class="row justify-content-center position-relative">
<div class="col-lg-10 col-xl-8">
<img src="https://i.imgur.com/y78SML3.png" alt="Image" class="rounded">
</div>
</div> -->
</article>
</div>
</div>
</div>
</section>
<section class="has-divider">
<div class="container pt-3">
<div class="row justify-content-center">
<div class="col-xl-7 col-lg-8 col-md-10">
<hr> <!-- write js script to auto populate this with the current url TODO -->
<div class="d-flex align-items-center">
<span class="text-small mr-1">Share this article:</span>
<div class="d-flex mx-2">
<a id='shareTwitterToPopulate' href="#" class="btn btn-round btn-primary mx-1">
<img class="icon icon-sm" src="assets/img/icons/social/twitter.svg" alt="twitter social icon" data-inject-svg />
</a>
<a id='shareFacebookToPopulate' href="#" class="btn btn-round btn-primary mx-1">
<img class="icon icon-sm" src="assets/img/icons/social/facebook.svg" alt="facebook social icon" data-inject-svg />
</a>
</div>
</div>
<hr>
</div>
</div>
</div>
<div class="divider">
<img class="bg-primary-3" src="assets/img/dividers/divider-3.svg" alt="divider graphic" data-inject-svg />
</div>
</section>
<footer class="pb-4 bg-primary-3 text-light" id="footer">
<div class="container">
<div class="row mb-5">
<div class="col">
<div class="card card-body border-0 o-hidden mb-0 bg-primary text-light">
<div class="position-relative d-flex flex-column flex-md-row justify-content-between align-items-center">
<div class="h3 text-center mb-md-0">Start building & get rewarded</div>
<a href="#" class="btn btn-lg btn-white">
Discover NCFP's
</a>
</div>
</div>
</div>
</div>
<div class="row justify-content-center mb-2">
<div class="col-auto">
<ul class="nav">
<li class="nav-item">
<a href="https://www.instagram.com/nyzo_currency" class="nav-link">
<img class="icon undefined" src="assets/img/icons/social/instagram.svg" alt="instagram social icon" data-inject-svg />
</a>
</li>
<li class="nav-item">
<a href="https://twitter.com/nyzo_currency" target='_blank' class="nav-link">
<img class="icon undefined" src="assets/img/icons/social/twitter.svg" alt="twitter social icon" data-inject-svg />
</a>
</li>
<!-- <li class="nav-item">
<a href="#" class="nav-link">
<img class="icon undefined" src="assets/img/icons/social/youtube.svg" alt="youtube social icon" data-inject-svg />
</a>
</li> -->
<li class="nav-item">
<a href="https://medium.co/@nyzoco" class="nav-link">
<img class="icon undefined" src="assets/img/icons/social/medium.svg" alt="medium social icon" data-inject-svg />
</a>
</li>
<li class="nav-item">
<a href="https://www.facebook.com/nyzoblockchain/" class="nav-link">
<img class="icon undefined" src="assets/img/icons/social/facebook.svg" alt="facebook social icon" data-inject-svg />
</a>
</li>
<li class="nav-item">
<a href="https://github.com/n-y-z-o/nyzoVerifier" class="nav-link">
<img class="icon undefined" src="assets/img/icons/theme/social/github.svg" alt="github social icon" data-inject-svg />
</a>
</li>
</div>
</ul>
</div>
</div>
<div class="row justify-content-center">
<div class="col col-md-auto text-center">
<small class="text-muted">©2020 This page is protected by reCAPTCHA and is subject to the Google <a href="https://www.google.com/policies/privacy/">Privacy Policy</a> and <a href="https://policies.google.com/terms">Terms of Service.</a>
</small>
</div>
</div>
</div>
</footer>
<a href="#" class="btn back-to-top btn-primary btn-round" data-smooth-scroll data-aos="fade-up" data-aos-offset="2000" data-aos-mirror="true" data-aos-once="false">
<img class="icon" src="assets/img/icons/theme/navigation/arrow-up.svg" alt="arrow-up icon" data-inject-svg />
</a>
<!-- Optional Vendor Scripts (Remove the plugin script here and comment initializer script out of index.js if site does not use that feature) -->
<!-- AOS (Animate On Scroll - animates elements into view while scrolling down) -->
<script type="text/javascript" src="assets/js/aos.js"></script>
<!-- Clipboard (copies content from browser into OS clipboard) -->
<script type="text/javascript" src="assets/js/clipboard.js"></script>
<!-- Fancybox (handles image and video lightbox and galleries) -->
<script type="text/javascript" src="assets/js/jquery.fancybox.min.js"></script>
<!-- Flatpickr (calendar/date/time picker UI) -->
<script type="text/javascript" src="assets/js/flatpickr.min.js"></script>
<!-- Flickity (handles touch enabled carousels and sliders) -->
<script type="text/javascript" src="assets/js/flickity.pkgd.min.js"></script>
<!-- Ion rangeSlider (flexible and pretty range slider elements) -->
<script type="text/javascript" src="assets/js/ion.rangeSlider.min.js"></script>
<!-- Isotope (masonry layouts and filtering) -->
<script type="text/javascript" src="assets/js/isotope.pkgd.min.js"></script>
<!-- jarallax (parallax effect and video backgrounds) -->
<script type="text/javascript" src="assets/js/jarallax.min.js"></script>
<script type="text/javascript" src="assets/js/jarallax-video.min.js"></script>
<script type="text/javascript" src="assets/js/jarallax-element.min.js"></script>
<!-- jQuery Countdown (displays countdown text to a specified date) -->
<script type="text/javascript" src="assets/js/jquery.countdown.min.js"></script>
<!-- jQuery smartWizard facilitates steppable wizard content -->
<script type="text/javascript" src="assets/js/jquery.smartWizard.min.js"></script>
<!-- Plyr (unified player for Video, Audio, Vimeo and Youtube) -->
<script type="text/javascript" src="assets/js/plyr.polyfilled.min.js"></script>
<!-- Prism (displays formatted code boxes) -->
<script type="text/javascript" src="assets/js/prism.js"></script>
<!-- ScrollMonitor (manages events for elements scrolling in and out of view) -->
<script type="text/javascript" src="assets/js/scrollMonitor.js"></script>
<!-- Smooth scroll (animation to links in-page)-->
<script type="text/javascript" src="assets/js/smooth-scroll.polyfills.min.js"></script>
<!-- SVGInjector (replaces img tags with SVG code to allow easy inclusion of SVGs with the benefit of inheriting colors and styles)-->
<script type="text/javascript" src="assets/js/svg-injector.umd.production.js"></script>
<!-- TwitterFetcher (displays a feed of tweets from a specified account)-->
<script type="text/javascript" src="assets/js/twitterFetcher_min.js"></script>
<!-- Typed text (animated typing effect)-->
<script type="text/javascript" src="assets/js/typed.min.js"></script>
<!-- Required theme scripts (Do not remove) -->
<script type="text/javascript" src="assets/js/theme.js"></script>
<!-- Removes page load animation when window is finished loading -->
<script type="text/javascript">
window.addEventListener("load", function () { document.querySelector('body').classList.add('loaded'); });
</script>
<script type="text/javascript">
function initShareLinks(){
curr_pos = window.location.href;
document.getElementById('shareTwitterToPopulate').href= 'https://twitter.com/share?url=' + encodeURI(curr_pos);
document.getElementById('shareFacebookToPopulate').href= 'https://www.facebook.com/sharer/sharer.php?u=' + encodeURI(curr_pos);
}
initShareLinks();
</script>
</body>
</html>