Purchase Your Trust Node Activate A Prosper Wallet
Proof of Stake (PoS)
Proof of Stake (PoS) is a consensus mechanism used in blockchain systems that relies on validators who hold a certain amount of cryptocurrency as a stake to confirm transactions and create new blocks. Unlike Proof of Work (PoW), which requires intensive computational power, PoS selects validators based on the amount of cryptocurrency they hold and are willing to "lock up" as collateral. In a PoS system, validators are incentivized to act honestly, as any malicious behavior could lead to the loss of their staked assets. To become a validator on the Trusted Smart Chain (TSC), participants must stake 10,000 TSC tokens, which can be earned through mining, purchasing, or digital rewards. This staking mechanism helps secure the network, as validators have a vested interest in its integrity and stability.
The selected validator gathers pending transactions, bundles them into a block, and signs it using their private key, providing cryptographic proof of their stake in the network. This signed block is then broadcast to other validators for verification. Other validators check the accuracy of the transactions and the signature to confirm the block’s legitimacy. If a sufficient number of validators, typically a majority, approve the block, it is added to the blockchain, allowing for faster processing times compared to PoW systems. Validators in PoS systems are incentivized to act honestly, as any dishonest behavior could result in penalties, including losing part or all of their staked tokens. In many PoS implementations, validators may also receive rewards, such as transaction fees or newly created tokens, for their role in creating and validating blocks, thus encouraging active and honest participation.
The Proof of Stake (PoS) mining process differs significantly from traditional mining methods like Proof of Work (PoW), as it relies on validators staking cryptocurrency rather than on computational power to secure the network. In PoS, validators must hold a certain amount of cryptocurrency as collateral to be eligible for block validation. When users initiate transactions, these transactions are submitted to the network and enter a transaction pool awaiting processing. A validator is then selected to create a new block, often chosen through a combination of factors such as the amount of cryptocurrency staked, the length of time it has been staked, and sometimes randomization to ensure fairness.
How Does It Work?
01
Products & Services
Nodes are severs that run the blockchain ledger and validate transactions. All the transactions ledgers are on each node and validated via cryptography by methods such as Proof of Work, Proof of authority, Proof of Stake, or other such methods
02
What Is Mining?
When a transaction occurs between two wallet holders on a decentralized blockchain, it must be validated and recorded to ensure the accuracy and security of the ledger. This process, known as mining, is carried out by individuals or entities called miners who contribute computing power to validate transactions and update the blockchain. In return for their efforts, miners earn digital rewards, which can include a portion of the digital asset being transacted, newly created digital rewards allocated for miners, or other types of digital rewards supported by the blockchain. This system ensures transparency, security, and the integrity of transactions within the blockchain network.
03
why you would want to operate a trust node?
Node operators support the blockchain community by contributing to its specific use case and overall network security. In return, operators may earn digital rewards for their contributions, which can be used for transactions within the blockchain’s decentralized ecosystem. If and when the digital rewards are available for exchange, they may be swapped for other cryptocurrencies, subject to market availability and compliance with local regulations.
About ProsperLink LLC
ProsperLink LLC is a technology company focused on enabling innovation through blockchain-integrated products and services. By leveraging the Trusted Smart Chain blockchain, ProsperLink creates solutions that reward users for their active participation and engagement. At the core of its offerings is the Prosper Wallet, a non-custodial digital wallet designed for storing, managing, and utilizing digital rewards earned through interactions with blockchain-integrated products and services on the Trusted Smart Chain. ProsperLink’s mission is to empower individuals and businesses to benefit from decentralized technology while maintaining simplicity, transparency, and security.
FAQ
What Token Does a Trust Node Distribute?
A Trust Node distributes TSC, the Layer 1 blockchain digital reward.
Do I Need Any Special Knowledge or Equipment to Host My Node?
No, specialized knowledge is not required. If you are familiar with installing and operating a Node, it will be beneficial. However, for those without technical knowledge, a step-by-step guide is available. Additionally, third-party cloud servers are integrated into the software, making it easy to install and set up.
What Is the Typical Cost of Node Hosting?
The cost varies depending on your setup. We have partnered with cloud operators to provide discounted hosting fees, which are available to Node owners. Alternatively, Node owners can install and run the Node on their personal computers, provided the computers meet the necessary requirements.
What Makes the TSC Node Exempt from SEC Registration?
TSC Nodes are independent software that must be installed and managed by a Node owner. There is no promise of return value or profit. Nodes earn digital rewards in the form of TSC tokens for supporting and securing the blockchain. These digital rewards are not guaranteed to have a specific value, and no projections or promises are made regarding their worth.
How Many Trust Nodes Will Prosper Sell?
Prosper will sell 200,000 Nodes. After these initial Nodes are installed, governance by Node owners will determine how many additional Nodes may be made available.
Do I need to set up a prosper digital wallet to earn TSC digital rewards from running my node?
Yes, digital rewards from your Node will be distributed to your Prosper wallet from the blockchain.