Masternode setup

Introduction

This guide is for a single masternode, on a Ubuntu 16.04 64bit server (VPS) running headless and will be controlled from the Desktop wallet on your local computer (Control wallet). The wallet on the the VPS will be referred to as the Remote wallet.

You will need your server details for progressing through this guide.

First we cover the basic requirements:

  1. 4,000,000 VIP

  2. A main computer (Your everyday computer) – This will run the control wallet, hold your collateral 4,000,000 four million VIP and can be turned on and off without affecting the masternode.

  3. Masternode Server (VPS – The cloud server that will run 24/7, usually about $3 to $5 a month )

For security of the network as well as your masternodes performance, you’re are going to need a different IP for each masternode you plan to host.

The idea behind the reasoning for these requirements is that, you get to keep your VIP in your local wallet and host your masternode remotely, securely.