The Chives Master Node System
Chives contains a two-tier network. The first layer is a network composed of miners, which provides users with funds sending and receiving services and prevents double-spending. The second layer is composed of master nodes that form a network, providing unique performance support for the Chives network.
The master node system is also called Proof of Service (PoSe), because the essence of the master node is to provide key services for the entire Chives network. The entire Chives network is supervised by the master nodes. If miners try to possess all block rewards or run an old version of Chives software, the master node network will isolate the block and prevent it from being added to the blockchain.
To become a master node, a user must have 100,000 (tentative) Chives as a “stake”. The deposit is always fully controlled by the holder and can be freely transferred by the holder. After the deposit is transferred, the corresponding master node will go offline and stop receiving block rewards.
How to become a master node and when will the master node system be available?
You will need to stake 100k chives coin but this amount may change and the master node system will be enabled next year around October-December.
Some of this information was gathered by personal experience and the other information was gathered from the Chives Official Discord from Chives Core#6404 and jatdaluram#1111.