Categories: CryptoNews

ZenCash Introduces Super Nodes to Help Decentralize the Network

The ZenCash team is preparing to integrate Super Nodes, which will serve a very specific purpose in this ecosystem. Now is a good time to see how this particular multi-tiered node system will work.

ZenCash Super Nodes are Coming

It is always good to see alternative cryptocurrencies embrace a slightly different model compared to what we see with every other cryptocurrency on the market. The team is confident they can make a positive impact with the launch of Super Nodes. They are not the same as Secure Nodes, and they will offer different benefits.

First of all, these nodes will help manage key network and system functions, including the hosting of multiple services on sidechains, tracking secure node uptime, and queueing the needed payments for miners. All of these features are big aspects of ZenCash, and it’s always good to have some “backup layer” for the Secure Nodes in terms of tracking uptime.

Moreover, the ZenCash team acknowledges their current node system can benefit from more decentralization. It is evident most cryptocurrencies suffer from a lack of decentralization when it comes to network nodes, yet solving this problem is not all that easy. Even Bitcoin has struggled in this area, as most of its nodes can be found across a few cloud services. That is not the way people should run nodes, although it is inevitable that such approaches will become more popular.

Related Post

What makes these Super Nodes even more intriguing is that they also serve as the foundation for future ZenCash services. The team is confident they can turn this project into much more than just another cryptocurrency, although that is much easier said than done, for obvious reasons. With a lot of features set to be added in the near future, it is certainly possible that Super Nodes will play an increasingly important role moving forward.

Other benefits of Super Nodes include on-chain tracking and payments, which is a big step up from how things are currently done. Providing these services through external solutions was a necessary evil that the ZenCash team had to deal with, yet it seems their desire to become more decentralized is slowly paying off. Additionally, the introduction of sidechain capabilities is another big development for any cryptocurrency. Being able to build new features which are not necessarily currency-oriented is always a good thing. This doesn’t necessarily guarantee that people will be interested in doing so in the case of ZenCash, though.

As one would expect, setting up a ZenCash Super Node means users will need to adhere to a fair few technical requirements, as well as have a total balance of 500 ZEN locked up in an address for staking purposes. If things go according to plan, ZenCash will have over 2,000 Super Nodes in the future, although it remains to be seen how feasible that goal really is.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Share
Published by
JP Buntinx

Recent Posts

Bitwise Launches Its First Tokenized Fund With $259M in Assets and 4% Annual Yield

Bitwise Asset Management has just made its first move into tokenized funds, and it comes…

15 hours ago

Binance Launches US Stocks and ETFs Trading for Non-US Users With Zero Commission

Binance just made a move that blurs the line between crypto exchange and traditional brokerage…

16 hours ago

NEAR Protocol Ships Confidential Payments, Crosses $19B in Intents Volume, and Partners With Bermuda Government

NEAR Protocol has had a month that most blockchain projects would stretch across an entire…

2 days ago

Chainlink Records 7 New Integrations Across 6 Services and 4 Chains

Something is becoming increasingly clear about Chainlink, the integrations are not slowing down. The protocol…

2 days ago

Circle Freezes $12.6 Million in Zama’s Confidential USDC Contract on Ethereum

Blockchain investigator ZachXBT has flagged a major stablecoin freeze that is sending shockwaves through the…

3 days ago

Exponent Finance Launches V2 To Expand Institutional Yield Markets On Solana

From a primarily interest rate swap niche product, Exponent has developed into an onchain capital…

3 days ago