Let me tell the Bgogo story!

in #ico6 years ago

What’s a supernode?

Supernode is a powerful server that is intended to authorize blockchain transactions. Clients use cryptocurrency all over the world so supernodes have to stay up and running 24/7 to process every transaction.

Speaking of peer-to-peer networking, we must note that any node can be also used as a supernode if it also handles connections and data flow for the network-users and serves as a proxy server or network’s relayers. Due to such semi-distributed architecture it’s easy to decentralize any data with no need to excess overhead at a single node. Meanwhile the rising capacity of supernodes commonly demands extra CPU time as well as network bandwidth time.

Can you illustrate our entire “supernode system”?

Supernode P2P system is one that offers computing facilities to handle the main flow of some business’ traffic. Frankly speaking supernodes are ordinary computers that operate under a specific software to serve as an organic whole. Typically, these computers are rather powerful servers owned by companies that lease their capacity for those who need it.

Whereas supernode system is a symbiosis of hardware and software these two components should be perfectly adjusted. Hardware needs recurrent inspection and prophylaxy. Software in its turn must provide immediate switching between servers for the mentioned situations and unseen circumstances (e.g. DDoS attacks, durable black-outs etc.).

Summing up, we can say that supernodes are cloud-based mainframes that are used for mining cryptocurrency coins.

What privileges do supernodes have, what institutions are the founding generation of supernodes?

BGOGO (https://bgogo.com/) for now consists of 21 supernodes that where scrupulously selected among TOP-cryptocurrency institutions all over the world. Each supernode will be operating for approximately 90 days per year before being re-elected based on the top 21 accounts in BGG-rating. The mentioned companies will share the first BGG token private sale for using their facilities.

Every single supernode plays a key role in the whole Bgogo ecosystem and thus gets “One Vote, One Listing” right + permanent “20% Per-Trade Commission”. The “One Vote, One Listing” allows holders to introduce any crypto-coin to the trading list on the Bgogo platform during the period of using their capacities.

A lifetime “20% Per-Trade Commission” will be payed for transactions that are held by a specific supernode. That is the reason why supernodes have their personal reason to compete providing best services.

Follow the project https://t.me/Bgogo

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Good article ! subscribed to you and I hope for a mutual subscription

Not a bad review

Very great post @blackgreenplague thanks and welcome to the Steemit Family explore and enjoy. @garrettwallace