Join Our Mailing List
Tuesday October 03, 2023
Bitcoin (BTC) $27,613.40   Ethereum (ETH) $1,666.78
  • Events
  • News
    • Blockchain Technology
    • Capital Raising
    • Crypto Exchanges
    • Crypto Payments
    • Gaming & Betting
    • Investment Management
    • M&A
    • Mining
    • Networks & Protocols
    • Security
    • Vendor Technology
    • Wallets
Trezor Model T
CryptoNinjas
  • Crypto & Blockchain Links
  • Real-Time Market Data
  • Bitcoin ATM Map
  • Token Offerings/Listings
No Result
View All Result
CryptoNinjas
Home Vendor Technology

Stratis announces details of first Breeze Tumbler ‘Master Nodes’

Published by CryptoNinjas.net
04/13/2017

Stratis Group, a flexible enterprise blockchain development platform designed for the needs of real-world financial services and business, revealed today the initial details of its upcoming Breeze Node infrastructure release.

The blockchain company has created one of the most innovative cryptographic tokens – Stratis ($STRAT) and will soon be offering an economic incentive to node operators to participate in securing different types of on-chain and off-chain transactions for the Breeze Wallet, as well as for blockchain apps and services for corporate clients.

The first iteration of the Breeze Tumbler Node (often referred to as a “Master Node”) will see their application supporting the Breeze Wallet, where they will help execute Bitcoin and Stratis TumbleBit transactions. These will have hybrid functionality running both Bitcoin and Stratis full nodes that provide additional services to the network.

There will be future releases of other forms of Stratis Nodes providing functionality, such as:

  • Payment Node – Payment Channels Side-Chain Node
  • Side-Chain Node – Hybrid Side chain special features
  • Identity Node – Identity management node

A Breeze Tumbler Node can be operated by anyone that meets the minimum protocol requirements.

Some of those requirements include:

  • An operator will be required to sign a transaction with an account that has 250,000 STRAT or more.
  • For BTC tumbling transactions, an operator will also need to have 5 BTC or more held in reserve to be able to process payments. The more bitcoin held in reserve, the more payments theoretically can be processed.
  • Server hosts will need to provide a minimum amount of storage capacity (details TBA). It is recommended that Breeze Nodes be available 24×7 in order to opt for the most transactions and potential fees.

Breeze Tumbler Nodes will operate in a totally decentralized and trustless manner, meaning that no one can steal the funds trusted to the network. Additionally, the STRAT required to operate a node can be stored in a Ledger Wallet or on offline backup. The private key to the user’s STRAT address is only required during registration with the Stratis Node network.

The BTC in reserves will need to be in a wallet on the node, as it is required to sign the transactions when processing the tumbler transactions.
Full instructions and documentation will be released in due course.

Rewards to the Breeze Node operators will be paid in the form of a transaction fee (estimated at 1%) paid by Breeze users directly to the Breeze Node that processes their TumbleBit transaction. This fee amount and its distribution may vary for specific implementations of the Breeze Node depending on the type of applications and services.

Depending on the operator’s jurisdiction there may be legal and tax-related specific requirements and/or restrictions. Stratis highly recommend all operators seek proper advice before operating a Breeze Node. This is a decentralized network not managed, controlled or administered by Stratis Group Ltd.

17
SHARES
SubscribeE-MailXFacebookWhatsappTelegramRedditLinkedin

Related News

Stratis Smart Contracts, Identity, and Sidechains to be released next quarter

12/21/2017

Stratis, a development platform that allows businesses and organizations to develop blockchain applications in C# utilizing the Microsoft .NET Framework has announced a recent update for specific projects including Stratis Identity, Stratis Sidechains, and...

Read more

Stratis masternodes mainnet beta released

12/08/2017

Stratis, the blockchain development platform announced today the availability of its Masternodes product in a beta version. The Masternodes alpha was successfully released in October, and as a result, the team is now ready...

Read more

Stratis announces test launch of ICO platform

12/03/2017
Stratis announces test launch of ICO platform

Stratis announced today the launch of the ‘Stratis Test ICO’ which utilizes the Stratis ICO platform. The Stratis ICO Platform is a secure, customizable platform to host ICO’s on the Stratis Blockchain Network. It...

Read more

Stratis blockchain platform releases beta of Breeze Wallet on MainNet

11/21/2017
Stratis blockchain platform releases beta of Breeze Wallet on MainNet

Stratis, the blockchain as a service development platform announced today the Breeze Wallet MainNet beta release is now available and represents a key step in its product development roadmap. The Breeze Wallet release includes...

Read more
Load More
Leave Comment

Where to Exchange

Leading crypto suite in Spain & LATAM Visit
European bitcoin exchange Visit
Swap & buy 150+ cryptocurrencies Visit
First U.S. regulated BTC exchange Visit
  • Trending
  • Latest
Blockstream Mining Bitcoin

Blockstream launches bitcoin mining colocation and pool services

08/08/2019
Fuse Network welcomes Liquify as new blockchain infrastructure partner

Fuse Network welcomes Liquify as new blockchain infrastructure partner

10/02/2023
Blockstream releases new platform for Liquid-sidechain security token issuance

Blockstream releases new platform for Liquid-sidechain security token issuance

05/15/2019
Zilliqa blockchain combines incubation programs as it announces new grant winners

Zilliqa blockchain combines incubation programs; announces new grant winners

12/03/2019
Fuse Network welcomes Liquify as new blockchain infrastructure partner

Fuse Network welcomes Liquify as new blockchain infrastructure partner

10/02/2023
BITmarkets – Spot, Futures, Margin Trading with 150+ Cryptocurrencies

BITmarkets – Spot, Futures, Margin Trading with 150+ Cryptocurrencies

08/28/2023
HashKey Exchange, Hong Kong's first licensed crypto exchange is now live

Hong Kong’s first licensed crypto exchange HashKey is now live

08/28/2023
Adenasoft launches new crypto exchange white label solution: ACE

Adenasoft launches new crypto exchange white label solution: ACE

06/27/2023
  • Home
  • Directory
  • Data
  • About
  • Contact
SUBSCRIBE

© 2016 - 2024 CryptoNinjas Disclosures | Privacy Policy

  • Home
  • Crypto Links
  • Market Data
  • Blockchain Tech
  • Exchanges
  • Capital Raising
  • Vendor Technology
  • Token Offerings/Listings
  • Payments
  • Wallets
  • Bitcoin ATM Map
  • Conferences & Events
  • About
  • Contact
No Result
View All Result

© 2016 - 2024 CryptoNinjas Disclosures | Privacy Policy