Setup Stand-by Node or Backup Node on XinFin MainNet
Introduction on Stand-by Node, Masternode vs Stand-by node, 8 simple steps to setup Stand-by Node on XinFin Mainnet.
XinFin Nework's architecture is based on a system of 108 Masternodes with XinFin Delegated Proof of stake (XDPoS) protocol wherein smart contracts can run effectively in 2 second transaction confirmation time. Any number beyond and above 108 is considered a Standby Node or Backup node.
A step-by-step guide to Setup a Stand-by Node with XinFin MainNet in 8 Simple Steps.
Step 1: Download the Stand-by Node installer by downloading from the One-Click Installer tab of xinfin.org/setup-
Alternatively, you can also download it using a Docker Compose file.
Step 2: Once the same is downloaded, run the same on the server. Continue to complete the installation process.
On the successful installation of the same, you will get the Coinbase address as shown below.
Step 3: View the active node by clicking on the network stats tab
Step 4: Create a new account address from the XinFin wallet. The new address would contain the balance required to propose the Stand-by Node.
Step 5: LogIn to the Stand-by Node app using the private key.
Step 6: Once you become a candidate, upload your Know Your Community (KYC) certificate in PDF format.
This KYC certificate needs to be certified and signed by anyone of the following personnel:
A Notary Public,
A lawyer with Seal.
Step 7: Once the KYC is uploaded, enter the Coinbase address and lock 10 million XDC tokens before running the Stand-by Node.
Step 8: The proposed node will be added to the Stand-by Node randomly through the Round-Robin method. On successful addition to the Standby Node, the reward will be sent to the assigned XinFin Wallet.
Check the Bounty page for Updated Bounty for the latest bounty offer for the community: xinfin.org/bounty.php
XinFin is an open-source enterprise-ready Hybrid Blockchain for Global Trade and Finance. It combines the power of Public and Private Blockchains with interoperable smart contracts and is fully EVM compatible. For more information on XinFin, please visit XinFin.org