These are incentivized nodes that receive rewards based on their availability and their ability to offer network services in a decentralized and trust-less manner. Running a masternode requires locking 3,000 FSS collateral for as long as you choose to run the masternode and allows the owner to vote on budget and development proposals. These nodes are the backbone of the present and future services offer on the FSS network, and as such are rewarded at a slightly higher level as compared to just staking when the number of them is at a predetermined level defined in the seesaw mechanism.
Instant Transactions: SwiftTX transactions are confirmed and spendable within seconds, guaranteed by the network of masternodes, with no need to wait for multiple confirmations in order to be confident in the validity of the transaction..
While existing solutions offer slow transfer speeds and high fees, FSS offers instant and completely anonymous transfers; making us a true currency instead of a simple value store.
Fssproject (FSS) is a cryptocurrency based on Dash aimed at vendors to provide monetary services. FSS features the masternode technology, which provides to the network near-instant and secure payments as well as anonymous transactions. The near-instant payments known as InstantSend technology, average at 1.2 seconds per transaction. The anonymous transactions known as PrivateSend technology, mix your funds trough the masternodes network, making near-imposible to trace back the origin of the funds.
With the use of masternodes, our network is truly decentralised. Nodes all over the world power FSS. With no controlling single party, FSS is truly decentralized and it's control shared amongst it's community for a better and fairer financial world.
Fast transactions are a key feature at FSS. With blocktimes of only 33 seconds, and utilising SwiftNode technology, transactions are completed in a matter of seconds wherever you are in the world..
FSS can be used by everyone. For example, you can pay quickly on a shopping site.
Your expenditures with FSS cannot be cancelled. For this reason, fraudulent use is prevented.
If you can't afford to hold a masternode, FSS has the option to simply stake inside your wallet allowing coin rewards.
Block prizes are shared between POS and Masternode. (40% POS / 60% MN)
There are answers to the most frequently asked questions about FSS.