More information about ETHO PROTOCOL
About
THE ETHER-1 PROJECT & ETHOFS
Ether-1 is an Ethereum based blockchain that integrates POW and a two tier masternode system to secure the network. Ether-1 uses the collective power of hundreds of masternodes to power EthoFS, a fully decentralized hosting platform that uses combination of a blockchain indexing system and the ipfs protocol to deliver decentralized content on-demand. Users can interface with the EthoFS network through variety of ways, including an innovative instantaneous browser based node, allowing them to drag and drop content they wish to deploy and index on the blockchain. The browser based node automatically uploads and replicates the content to the entire network. The ethoFS system is a fully functioning website hosting solution utilizing the node network for storage and bandwidth. Masternode owners are paid through a block reward, and receive a share of the profit generated by hosting fees, an innovative way for node owners to take ownership in providing network functinality and security.
ETHER-1 NETWORK SPECIFICATIONS
Ether-1 is a clone of the popular Ethereum protocol; built on the same code-base but takes decentralization much further by promoting node ownership via incentivization and by utilizing this same node network to decentrally store and deliver content on-demand. The network uses a Proof-of-Work (POW) algorithm for consensus generation and will evolve as the greater Ethereum network adopts various protocol changes. This POW consensus is supported by and incentivized by the tradeable currency that the entire network runs on, ETHO. This tradeable currency is utilized as an incentive to the general public to support the network via mining (using the POW algorithm) and secure the network by running a node of their own. The network offers the ability to run two types of nodes: Masternodes (15,000 ETHO required) and Service Nodes (5,000 ETHO required). These nodes secure network by promoting decentralization and contribute storage and bandwidth to the content sharing/storing protocol that is built on. All of these features/resources are utilized to power the main goal of this project which is to provide a service of decentralized website & content hosting. The node system uses a form of the Interplanetary File Protocol System (IPFS) to store, propagate and deliver content to end users. Ether-1 will be providing a custom top-level domain that directly identifies hosted data via the decentralized system. To the general user, this will appear very similar to traditional centralized hosting services, however will provide them a robust, redundant, decentralized solution that is identifiable by a top-level domain. A user’s data will be hosted almost everywhere, greatly increasing the accessibility, security and availability due to the vast node network on which it will be hosted.
THE ETHER-1 NODE NETWORK
Ether-1 has two types of nodes; Masternodes which require 15,000 ETHO and Service Nodes which require 5,000 ETHO. Masternodes are the backbone of the EthoFS platform. Setting up an Ether-1 masternode/service node usually takes 20-30 minutes. The install is largely automated, and the process is clearly documented. First time Linux users are usually able to complete the install without issues, join our Discord channel if you have questions. ETHO funds do not live on the VPS, they remain in your control. Because we are supported by Ledger, Masternode collateral can be staked on a Nano S. All the information you need including hardware requirements, setup guide, daily payouts for masternodes and service nodes, node distribution map, and your node dashboard can be found on the Node Dashboard.
MASTERNODES:
Required Stake: 15,000 ETHO. Primary function is network decentralization, secondary function is providing storage capacity to the decentralized hosting network. They recevie 4x the daily reward as an Ether-1 Service Node.
SERVICE NODES:
Required Stake: 5,000 ETHO. Primary function is to provide storage/bandwidth to the decentralized hosting network. They recevie 1/4 the daily reward as an Ether-1 Masternode
Ether-1 is an Ethereum based blockchain that integrates POW and a two tier masternode system to secure the network. Ether-1 uses the collective power of hundreds of masternodes to power EthoFS, a fully decentralized hosting platform that uses combination of a blockchain indexing system and the ipfs protocol to deliver decentralized content on-demand. Users can interface with the EthoFS network through variety of ways, including an innovative instantaneous browser based node, allowing them to drag and drop content they wish to deploy and index on the blockchain. The browser based node automatically uploads and replicates the content to the entire network. The ethoFS system is a fully functioning website hosting solution utilizing the node network for storage and bandwidth. Masternode owners are paid through a block reward, and receive a share of the profit generated by hosting fees, an innovative way for node owners to take ownership in providing network functinality and security.
ETHER-1 NETWORK SPECIFICATIONS
Ether-1 is a clone of the popular Ethereum protocol; built on the same code-base but takes decentralization much further by promoting node ownership via incentivization and by utilizing this same node network to decentrally store and deliver content on-demand. The network uses a Proof-of-Work (POW) algorithm for consensus generation and will evolve as the greater Ethereum network adopts various protocol changes. This POW consensus is supported by and incentivized by the tradeable currency that the entire network runs on, ETHO. This tradeable currency is utilized as an incentive to the general public to support the network via mining (using the POW algorithm) and secure the network by running a node of their own. The network offers the ability to run two types of nodes: Masternodes (15,000 ETHO required) and Service Nodes (5,000 ETHO required). These nodes secure network by promoting decentralization and contribute storage and bandwidth to the content sharing/storing protocol that is built on. All of these features/resources are utilized to power the main goal of this project which is to provide a service of decentralized website & content hosting. The node system uses a form of the Interplanetary File Protocol System (IPFS) to store, propagate and deliver content to end users. Ether-1 will be providing a custom top-level domain that directly identifies hosted data via the decentralized system. To the general user, this will appear very similar to traditional centralized hosting services, however will provide them a robust, redundant, decentralized solution that is identifiable by a top-level domain. A user’s data will be hosted almost everywhere, greatly increasing the accessibility, security and availability due to the vast node network on which it will be hosted.
THE ETHER-1 NODE NETWORK
Ether-1 has two types of nodes; Masternodes which require 15,000 ETHO and Service Nodes which require 5,000 ETHO. Masternodes are the backbone of the EthoFS platform. Setting up an Ether-1 masternode/service node usually takes 20-30 minutes. The install is largely automated, and the process is clearly documented. First time Linux users are usually able to complete the install without issues, join our Discord channel if you have questions. ETHO funds do not live on the VPS, they remain in your control. Because we are supported by Ledger, Masternode collateral can be staked on a Nano S. All the information you need including hardware requirements, setup guide, daily payouts for masternodes and service nodes, node distribution map, and your node dashboard can be found on the Node Dashboard.
MASTERNODES:
Required Stake: 15,000 ETHO. Primary function is network decentralization, secondary function is providing storage capacity to the decentralized hosting network. They recevie 4x the daily reward as an Ether-1 Service Node.
SERVICE NODES:
Required Stake: 5,000 ETHO. Primary function is to provide storage/bandwidth to the decentralized hosting network. They recevie 1/4 the daily reward as an Ether-1 Masternode
https://ether1.org
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