A network-connected server that runs the VeChainThor full node program is known as an authority masternode (AM).
What Is an Authority Masternode (VeChain)?
Requirements to Be an Authority Masternode
First, an AM owner must put 25,000,000 VET as collateral.
Secondly, the server on which the AM is located must be running Linux and with a fixed IP address.
Thirdly, there should be no major or high-risk vulnerabilities present on the servers.
Lastly, and most importantly, owners of AM must demonstrate that they can significantly improve the VeChain ecosystem in their specialized domains.
Categories of Authority Masternodes
There are five broad categories under which authority masternodes can be classified. They are as follows:
They utilize AM to deploy their blockchain applications. This consequently reduces the costs associated with using the platform to offer services to their clients.
Blockchain Development Teams
Business Development Ambassadors
They utilize the network’s business solutions while meeting their corporate clients’ demands.
They promote the development of the VeChain community while also representing the community’s interests as a whole. Community contributors are crucial in expanding the VeChainThor ecosystem’s sphere of influence and governance.
Academic Research Partners
They utilize AM to perform technological studies and test DApps. It is concerned with researching the existing innovations and ways to improve them.