Rowan Energy blockchain continues to push forward with development and today’s announcement is about their blockchain masternodes being increased increasing the decentralisation and security of the platform. Rowan Energy is proud to announce that 5 new blockchain masternodes have been added to the network.
WHATS ARE BLOCKCHAIN MASTERNODES?
Depending on the architecture of the particular blockchain solution blockchain masternodes can be run by anyone but are considerably different in their functionality than normal nodes they perform several other functions apart from just keeping the full blockchain and relaying blocks/transactions.
Masternodes functions also include:
- Increasing privacy of transactions
- Participating in governance and voting
- Enable budgeting and treasury system in cryptocurrencies
Masternodes are always communicating with other such nodes to make a decentralized network.
WHAT DOES A ROWAN MASTERNODE DO?
A Rowan Blockchain Masternode enables the network to run securely and safely through verifying transactions, also handoff that verification process to individual Rowan Smart Miners.
These smart miners located in people’s homes to track and log the renewable energy they produce.
Commonly in blockchain solutions masternodes, or even general user nodes, are largely stored within a single cloud provider. This gives the appearance of decentralisation, but still creating a single vector of attack.
In comparison, in addition to increased decentralisation from extra master nodes, Rowan has also made the choice of having them hosted in 4 different cloud platforms.
This creates an improved level of decentralisation at a system architectural level, further improving security for users, and works in addition to the physical master node based in the UK.
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