After the successful launch of the Stratis Sidechain Masternodes and the associated Dynamic Membership feature that enables anyone to join, Stratis has put together a FAQ to iron out any questions that potential new Masternode Operators may have.
What is a Stratis Sidechain Masternode?
A Stratis Sidechain Masternode performs validation and execution of Smart Contracts on Stratis’ Smart Contract Sidechain, Cirrus. Stratis is the only platform offering native C# Smart Contract execution. Stratis delivers a fully distributed and decentralized managed execution environment through its Smart Contracts in C# on the Cirrus Sidechain.
Why operate a Stratis Sidechain Masternode?
Each block on the STRAX Blockchain, 9 STRAX is reserved for Masternode Rewards, every 45 seconds. This equates to 17,280 STRAX being distributed to active Masternode Operators, every day.
Is there a collateral amount required to operate a Stratis Sidechain Masternode?
Yes, the collateral requirement is 100,000 STRAX.
Is there a fee to join?
Yes, there is a 500 CRS fee.
Is there an approval process required for Stratis Sidechain Masternode registration?
No, anyone can be a Stratis Sidechain Masternode, providing they meet the defined requirements.
Do you provide instructions detailing how to set up a Stratis Sidechain Masternode?
Where could I receive assistance from the Stratis team?
Support is offered via the Stratis Discord. https://discord.com/invite/9tDyfZs
Do I have to hold the collateral on my Stratis Sidechain Masternode?
No, the wallet containing the collateral can be safely and securely removed from the device or service that is hosting your Stratis Sidechain Masternode, once the registration is complete.
Do I need to maintain my Stratis Sidechain Masternode?
Yes, we advise that you regularly install Operating System security updates in a managed manner. Updates to the underlining Stratis Sidechain Masternode codebase will be communicated via Discord.
What happens if my Stratis Sidechain Masternode goes offline?
An auto-kicking feature is enabled on the Cirrus Sidechain to ensure consistent block times. If your Masternode does not produce a single block in a 48hr period, your registration will be voided. You can, of course, re-join the Cirrus Sidechain as a Masternode Operator; however, the 500 CRS fee will apply again.
Can I stake my collateral?
Yes, we would recommend the user has a good knowledge of security when staking.
Is there a lock period for running a Stratis Sidechain Masternode?
There is no locking period. You can stop running your Stratis Sidechain Masternode as you please.
Can I run my Stratis Sidechain Masternode on a macOS?
No. You can only use a Windows OS, but in the future, we do plan to offer support for macOS and Linux thanks to the native cross-platform support available through utilizing Microsoft .NET Core.