Gold Standard Bank
MAINNET Node Ownership
The "MAINNET" blockchain protocol developed by Gold Standard is the backbone of the "KB Universe", the world's first gold-backed payment and exchange system. The "KB Universe" combines modern technology such as smartphones and cryptocurrency with the value stability of gold.
Only a few months are left before the global release of the proprietary blockchain protocol known as "MAINNET". In order to build the infrastructure necessary to bring this revolutionary payment system to the world, Gold Standard Bank, in partnership with Karatbars and KaratCoin Bank, needs to establish the network of "nodes" used to validate and verify transactions on the "MAINNET".
The picture on the left is an illustration of the MAINNET network.
The MAINNET is decentralized over a network of “nodes”. These nodes are used for various functions, the "Full Nodes" download every block and transaction to check them against the MAINNET consensus rules. A Full Node will reject blocks and transactions that violate the consensus rules.
"Master Nodes" operate the same as Full Nodes as well as performing some additional functions. A few of these functions include:
Increasing privacy of transactions
Performing instant transactions
Each Master Node participates in governance and voting for the implementation of network changes
Enables budgeting and treasury system on the MAINNET