How To Set Up An XDC Master Node

Setting up an XDC masternode involves several steps and requirements to ensure the stability and security of the network. Below is a summary of the process along with the prerequisites based on the information gathered from various sources:

Prerequisites

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Collateral

- Hold at least 10,000,000 XDC tokens to participate in the network's random delegated proof of stake consensus mechanism.

Wallet

- Have a wallet to store your XDC tokens.

Hardware and Network

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- A dedicated and stable hardware environment is required along with a dedicated static public IP address.
- A Virtual Private Server (VPS) is recommended, although it's optional.
- For cloud-based services, configurations similar to Amazon EC2’s m3.large VM size are suggested.
- Ensure 100% network uptime by IDC network, with a minimum tier 3+ IDC environment.
- Hardware specifications: 64 bit x86_64 CPU with 2+ cores, a minimum of 300+ GB SSD (500+IOPS), and 32+ GB RAM are recommended.

Operating System

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- Supported operating systems include CentOS, RedHat Enterprise Linux (Latest release), or Ubuntu (20.04+). For development, Mac OS X, Windows (64-bit), or most Linux distributions can be used.

Setup Process

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Step 1

Download the XinFin One-Click Installer for your operating system (Windows, Linux, or Mac OS) and install it on your local machine.

Step 2

Run the One Click Installer, agree to the terms, and choose the destination folder for the installation.

Step 3

Create a wallet for the masternode, ensuring you keep backups of your Keystore file.

Step 4

Host your masternode by copying the private key and logging into the masternode. Upload a KYC (Know Your Customer) document, which should be in PDF format, through the "Become a Masternode" option in the installer. Enter the "Coinbase Address" provided in the One Click Installer, and apply for masternode status.

Additional Compliance

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- Ensure your XDC protocol-running node is publicly identified and has undergone the necessary compliance process. Every node holder must upload a KYC certificate—a notarised proof of identity (individual or corporate) and address—which will be visible to the public network.

Monitoring and Maintenance

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- Monitor the status of your masternode through the network stats page or other masternode monitoring platforms provided by the XDC network.

By adhering to these steps and ensuring the prerequisites are met, you'll be well on your way to setting up an XDC masternode and contributing to the XDC network's decentralised infrastructure.

(https://www.xdc.dev/)
(https://docs.xinfin.org/)
(https://www.xdc.dev/)
(https://docs.xdc.org/)