Category Archives: Altcoins

Predicting More Supernodes In 2017

Litecoin, Dash and Bitcoin are all up today.

For 2017, I predict you will see more variations of supernodes distributing rewards like Dash–that seems like a strong strategy, providing an incentive to strengthen the network. Also, the supernode collateral requirement creates more demand for the cryptocurrency, which is an interesting bonus effect.

The trouble with Dash supernodes, the incentive doesn’t really scale well. Currently it would take $14,600 (for collateral) to create a supernode, which means the barrier to entry is rising. Maybe that’s the best solution for the existing supernodes, but maybe not the best solution for the network at large. Or maybe the 1000 Dash collateral requirement works out perfectly, only time will tell.