Node Recruitment Program
Upon launch, Circular will have approximately 55 nodes, with 50 owned by Circular and the other 5 owned by external organizations and individuals. As transaction volume grows, we will implement node recruitment programs that balance the transaction volume and profitability threshold for each new node and mitigating 51% attack scenarios.
The program will initially be managed through a whitelist available on our portal. Once we have sufficient nodes and traffic, restrictions on node adoption will be lifted, allowing anyone with a device capable of meeting processing power and connectivity requirements to set up a node.
Old computers running almost any operating system will be sufficient to support at least simple token transactions and could become valuable assets to start building a personal node farm capable of earning passive income.
The node software will include a benchmarking utility to determine eligibility to join the network. Installing and setting up the node software is a simple process, and we're working hard to make it even more user-friendly.
In addition, all nodes will be remotely configured by the Performance Balancer for maximum efficiency, with new software releases automatically downloaded and installed.
Nodes are rewarded in two different ways:
1) A Transaction fee that is divided in 4 different components:
Entry Fee: A fee paid to the Network Access Gateways for letting the transaction into the network.
Broadcast Fees: A fee paid to the first node to receive and propagate a transaction to the network.
Priority Fee: An optional fee that can be included in transactions or smart contracts to speed up execution scheduling (currently not active).
Execution Fee: A fee paid for executing Hyper Code (smart contracts).
2) Block Rewards : A reward paid for each block mined by a node.
Despite the number of fees, the total amount is relatively low and depends on the type of transactions and code. Transaction prices will range from $0.001 to $0.035 depending on the resources required. A detailed pricing model will be published on our website.
New nodes will begin with a low trust level that increases as they contribute to network tasks, with each node having its own wallet address. Maintaining a high reputation level will provide node owners with privileges within Circular's community (TBD).
All pricing will be algorithmically calculated in order to maintain them comptetitive.
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