Node 40 – Done-For-You Running, Hosting & Maintenance of Your Own Dash Masternode
Finding Genius Podcast
Richard Jacobs
4.4 • 1K Ratings
🗓️ 20 January 2017
⏱️ 35 minutes
🧾️ Download transcript
Summary
The more nodes, the merrier, as more nodes means the Dash cryptocurrency network is healthy, secure and DECENTRALIZED.
Perry talks about incentivizing running a masternode (approximate payout is 8.8% per year) to attract more people & also explained the advantages of nodes to users, traders, and the network.
To run a masternode, you must have 1,000 Dash in your wallet. Perry explains some of the hardware requirements and other components involved in the node’s creation, maintenance, and hosting.
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Transcript
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| 0:00.0 | Welcome to Almost Here, Around the Corner of Future Technology Podcasts with Richard Jacobs. |
| 0:07.0 | Future Technologies is poised to transform our lives for better or worse for the focus of this podcast. Almost here |
| 0:14.3 | means these technologies are now here and starting to be used. We're just around the |
| 0:18.8 | corner. For Bitcoin to Artificial Intelligence, 3D printing, blockchain, virtual reality, and more. |
| 0:25.4 | Hi this is Richard Jacobs with future tech podcasts around the corner almost |
| 0:30.5 | to your technology and I've got Perry Wooden, the founder of node 40. |
| 0:35.2 | Node 40 helps users maintain and run master nodes on the Dash Network. Is that right, |
| 0:41.8 | Perry? |
| 0:43.0 | That's right, Rich. Thanks for having me on. |
| 0:45.0 | Yeah, all right. |
| 0:47.0 | You know, the introductions, they always know they're better spoken by the founders themselves. |
| 0:52.0 | So, would you mind expanding upon my very brief description of what you guys do? |
| 0:56.0 | Yeah, I'd be happy to do that. |
| 0:58.7 | And for those who know me, I'm coming off the end of a stomach bug and a cold so my voice may not sound |
| 1:06.1 | correct but it really is Perry from No 40. So I'll let you know a little bit about who we are and how we got into this. My interests |
| 1:16.7 | that led me to blockchain and crypto currencies were really in economic incentives. |
| 1:25.0 | So, you know, how do you get somebody to do something for you? |
| 1:29.0 | How do you get a task to be accomplished if you don't want to just rely on altruism. So that led me to looking at kind of all these different |
| 1:37.6 | blockchain technologies and I noticed that most of them were really encouraging people to help with the network and participate in the network, but they weren't incentivizing them to do so. |
| 1:50.0 | And I thought that was curious. |
| 1:52.0 | So when Dash finally came about, |
| 1:55.0 | they were really the first ones to tackle this incentivized model of running the infrastructure. |
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