3,500+ Dynodes — Another milestone for Duality!
Dynamic has surpassed the 3,500+ active Dynode mark, adding stability and security to the network. There are approximately 4,700 Dynodes in total, locking down 4.7MM DYN (31%) out of the circulating supply, but not all of them are effectively active.
What is a Dynode and why is the number of nodes so important?
Dynamic is a so-called “masternode-coin” which in practice means it has a two-layered approach to securing the network. The first layer is regular full-node instances of Dynamic and the second layer is collateralized full-nodes called Dynodes. Dynodes require a user to hold 1,000 Dynamic up as collateral, and users who run Dynodes are rewarded with tokens for running this network service.
It is also worth mentioning that this massive network of Dynodes could not be achieved without the active involvement of the team and community members.
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