If you are a programmer, developer or have knowledge in code, this is a good time to set up a Bitxor Blockchain Mining Node. Especially if you take into account its mining system, with a community that is starting to grow and a coin that is about to be listed on exchanges, setting up a node becomes a great investment opportunity.

Bitxor Blockchain is an open source blockchain platform for Dapps development based on the Proof of Stake (PoS) mining system, which uses a distributed node architecture to provide security and decentralization enabling the creation of secure and immutable decentralized applications. Bitxor’s blockchain also allows developers to take advantage of the scalability of blockchain technology while gaining the benefits of privacy and security. This means that applications developed on Bitxor can conduct secure and private transactions, without the need for a centralized entity.

Installing a mining node on Bitxor Blockchain is a process that requires some level of programming knowledge. You can access the installation guide by clicking on the picture.

Advantages of installing a node

First, it allows miners to help secure the network by verifying and confirming transactions. Second, miners get rewards for their work in the form of BXR coins, Bitxor’s native currency. Third, miners can help decentralize the network by providing additional nodes and helping to reduce the risk of a single point of failure, helping to improve the speed and efficiency of the network, as nodes can process transactions faster than a centralized network.

In Bitxor Blockchain there are two types of nodes, mining nodes or block searchers and validator nodes. Each of them has specific requirements for programming. Learn about them by clicking on the picture.

Reward mechanism

Every 5 seconds, the chain closes a block of transactions, issuing 3 BXR which are distributed between the mining node and Bitxor’s treasury, which allocates it for system maintenance. The distribution of the reward for the miner is broken down as follows:
• Mining node: 2.7 BXR
• Bitxor treasury: 0.3 BXR

However, the Bitxor PoS system allows integrating another actor to the process by allowing the nodes to add the mining power of a “harvester”, a person who does not have a mining node, but does have a Bitxor Wallet with a minimum balance of 1010 BXR. This figure, contemplated in the system, designed to give access and possibilities to many more people to earn rewards, increases the mining power of a node and improves its performance. In this case the reward is broken down as follows:
• Node miner: 0.6 BXR
• Harvester: 2.1
• Bitxor Treasury: 0.3 BXR

Finally, miners can also access new features and upgrades as they become available on the network.

From writing tutorials or blog posts, improving documentation, submitting bug reports and feature requests, to writing code that can be incorporated into Bitxor Core or creating Dapps, at Bitxor Blockchain there are many ways to contribute and in which you earn BXR Coin. Learn about their Rewards Plan for Programmers and Developers by clicking on the picture.

By installing a mining node, you can help secure the blockchain through its transaction verification and confirmation function, as well as earn rewards for your work in the form of BXR coins, which in the near future can be redeemed for other cryptocurrencies or fiat currency and also used to make payments or purchase goods and services.
Investing in a mining node on the Bitxor blockchain is a promising investment alternative to secure your financial future.