Proof of Stake (PoS) Consensus Node

In a PoS consensus mechanism, validators are selected to propose and validate blocks based on the amount of cryptocurrency they hold and “stake” in the network. This approach offers several advantages:

• Energy Efficiency: PoS avoids the energy-intensive computations required by Proof of Work (PoW) systems, making it a sustainable alternative.
• Enhanced Security: Validators have a financial stake in the system, incentivizing them to act honestly to protect their investment.
• Scalability: PoS systems handle transactions more efficiently, enabling higher throughput and lower fees.

For Land Bank Coin, PoS ensures a secure, energy-efficient platform for managing real property development and financial transactions.

PoS ensures robust network participation and security.

Proof-of-Stake (PoS) Consensus Node Specifications

Cloud Deployment Configuration

1. Cloud Providers:
   • Compatible with major cloud providers: AWS, Google Cloud Platform (GCP), Microsoft Azure, or equivalent.
   • Minimum uptime SLA of 99.9% required for hosting.
2. Software Deployment:
   • Operating System: Linux-based OS (Ubuntu 20.04 LTS or later preferred).
   • Node Software: Customized PoS consensus protocol built on Ethereum Virtual Machine (EVM)-compatible blockchain frameworks.
     • Open-source frameworks such as Hyperledger Besu or Go-Ethereum (Geth) can be configured.
   • Dependencies:
     • Docker for containerized deployment.
     • Postgres/MySQL for transactional databases if applicable.
     • Prometheus & Grafana for monitoring.
     • APIs: REST/GraphQL for external integrations.
   • Validation Framework: Integration with an automated validator monitoring tool for uptime and activity tracking.
3. Node Requirements:
   • CPU: Minimum 4 cores (Intel Xeon or AMD equivalent).
   • RAM: 16 GB (scalable up to 32 GB for high activity periods).
   • Storage: 500 GB SSD (expandable as the blockchain grows).
   • Network: 1 Gbps connection with unlimited bandwidth preferred.

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Performance Specifications

• Transactions per Second (TPS):
  • Capable of processing 1,000 TPS, scalable with shard implementation if necessary.
  • Network latency optimized to under 1 second for validations.
• Consensus Participation:
  • Validators stake a minimum token amount to become eligible nodes.
  • Nodes process, validate, and verify transactions on a round-robin or weighted basis based on stake and activity.

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Revenue Sharing Model

1. Gas Fee Distribution:
   • 30% of total gas fees is distributed equally among all active consensus nodes.
   • Allocation is proportional to:
     • Activity: Number of validations and verifications completed.
     • Uptime: Consistent node availability.
   • Example:
     • If total gas fees in a cycle are $10,000 and there are 50 nodes:
       • $3,000 shared equally: $60 per node.
       • Additional activity-based bonuses vary based on transaction verifications.
2. Payout Mechanism:
   • Earnings are automatically distributed to node wallets at the end of each validation cycle.
   • Nodes failing to meet activity or uptime thresholds may forfeit their share.

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Terms and Conditions

1. Legal Disclaimer:
   • Node operators agree that participation does not establish any form of employment, partnership, or agency relationship with Land Bank Coin.
   • Operators acknowledge that they bear sole responsibility for complying with local laws regarding blockchain and cryptocurrency activities.
2. Save Harmless Agreement:
   • Node operators agree to indemnify and hold harmless Land Bank Coin and its affiliates from any liability, loss, claim, or expense arising from node operations, including but not limited to technical failures, cybersecurity incidents, or regulatory actions.
3. Code of Conduct:
   • Operators must maintain a professional standard of operations, ensuring network stability and integrity.
   • Malicious activities, such as double-spending or tampering with transactions, will result in penalties and potential node suspension.
4. Termination Clause:
   • Land Bank Coin reserves the right to terminate a node’s participation for breaches of terms or prolonged inactivity.
   • Disqualification Criteria
   • Malicious Behavior:
     • Any misuse of authority or deliberate failure to validate transactions accurately will lead to disqualification.
   • Failure to Maintain Standards:
     • Nodes falling below 98% uptime or failing to participate in governance actions will forfeit revenue sharing for that period.
   • No Employment Relationship:
   • Running a PoS consensus node does not establish an employer-employee relationship.
   • The operator is solely responsible for any tax obligations arising from earned revenue:

Price: $65,000. LBC

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