Blockchain is a system of recording information in a way that makes it difficult or impossible to change, hack, or cheat the system. A blockchain is essentially a digital ledger of transactions that is duplicated and distributed across the entire network of computer systems on the blockchain.
A cryptocurrency is a digital or virtual asset that is designed and secure by cryptography to work as a medium of exchange. Cryptocurrency is built on blockchain
Agrichainx is a Blockchain agriculture platform connecting farmers to market, finance, tools and resources. Agrichainx is built on blockchain to make agricultural operations seamless
Agricledger is a blockchain powered application, revolutionising the agricultural supply chain, trading, financing, data and creating trust, traceability and transparency for all on Agrichainx ecosystem.
Agricoin is like bitcoin. Agricoin is the currency for agrichainx ecosystem. You can use it for transactions, investing, buying and selling of agriculture produce on Agrichainx platform.
A node can simply be understood as a computer that plays a part in ensuring the integrity of a network. And, A Masternode is therefore a crypto full node (i.e. a wallet) that supports a network by hosting an entire copy of a coin's blockchain.
Masternodes (MN) on the Agrichainx are called Agricnode. Agricnode is a decentralized wallet or account containing a locked amount of Agricoin to verify transactions and enables private transactions with coin shuffling, decentralized governance, and the proprietary proof of service protocol, which allows for lightning fast transactions such as instant Agricoin transfer using a method called simplified payment verification (SPV) on Agricledger infrastructures.
In order to activate and own a node, you need a minimum of N1,000/$4 that will enable you to stake a minimum of 5 AGX tokens. The node begins earning rewards immediately after subscription and activation. You can also subscribed to other higher packages
The value and rewards comes from the Agrichainx ecosystem 13 operational models. Also the ecosystem has set aside 75 million AGX tokens as rewards for maintaining the network. You can also become node validator and earn reward instantly.
Yes, you can run a node without being a validator. However, it is an added advantage to have many validators to help us grow and support the project by referring others to own a node. Being a validator help to keep the platform running and active and you receive instant payments from the accounts you validate.
You need one wallet per node package. Each wallet will have proportional AGX tokens to be stake. You can also own different accounts.
Once you're all set, register and subscribe to a node package, pay to your sponsor or to the company, get validated and start earning. Join our various communities to know more.