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Mile node documentation
- Introduction
- Node Setup
- Minting Premium
- Transaction Fees
- Join Mile Testnet
- Mile Shell Commands
- Mile Node FAQ
Basically there are two types of nodes: active and passive nodes.
Registered with 10 000—100 000 XDR node that takes part in blockchain consensus (that keeps blockchain operation on).
Active nodes can vote for MILE/XDR rate and can receive [minting premium](#minting premium).
Unregistered node. It doesn't take part in blockchain consensus, doesn't receive minting premium, it can't vote for MILE/XDR rate, but it stores the full blockchain.
To run a node your node host must comply with certain requirements.
To set up active (consensus) node you need to go trough these steps:
To set up passive node you need only steps 1—2.
Note: As soon as minting premium for running an consesus node depends on the amount of blocks in the blockchain your node closed, to receive the maximum possible premium your node have to stay active and online permanently. To do so you might want to use web hosting services.
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OS Supported: Linux Centos 7.x
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System:
| Minimum | Recommended |
|---|---|
| 2 GB RAM | 8 GB RAM |
| 1 CPU core | 8 CPU cores |
| 60GB HDD | 512GB SDD |
- Static IP address (only for active nodes).
You can install Mile Node and Mile Shell using package managers like RPM or YUM.
Mainnet Genesis Block is included in the package.
Minting premium is provided for operating active (consensus) node. The amount is 8,5—13% of deposited volume of XDR per annum depending on two factors:
- amount of XDR deposited to register a node (the dependence is parabolic — the closer the 100 000 XDR deposit, the faster the % is growing)
- how many times the node participated in consensus (i.e. was the node operating permanently)
The minting premium is delivered once in 1-2 days to node-associated wallet.
| Transaction | Fee |
|---|---|
| XDR transfer | 0 |
| MILE transfer | 0,01 MILE |
| Register node | 0 |
| Unregister Node | 10 XDR |
| Emission of XDR (with MILE) | 0 |
| Emission of MILE (with XDR) | 0,2% in XDR of the full amount of XDR |
| Update emission (gain extra XDR with locked MILE when MILE/XDR rate had risen) |
0,2% in XDR of the change* of rate 0,02 XDR if there was no change of rate |
| Post token rate | 0 |
* The difference between current MILE/XDR rate and the rate as of the initial emission or previous emission update. Note: 0,2% of the change of rate will be charged even if MILE/XDR dropped.
© Mile Unity Foundation is a public benefit organisation aimed to educate the community about the new technologies and tools in global economy. While operating decentralized crypto assets, you're the only one responsible for their safety.