What's the difference between a node, an account and a wallet?

👨‍👩‍👧 “Node, account, wallet...” users often use these terms, sometimes without even realizing their true meaning, which sometimes causes misunderstandings. In this post we will briefly consider what it what to clarify the issue. So, let's go!

🔷 Node (Relictum Node) is the application you install on your device (smartphone, tablet, or PC). Users gain access to the Relictum Pro ecosystem through the node interface, which implements various programs (dApps), for example, wallet, staking, DEX, file storage, etc.

👤 Account is your unique identifier (for example “12345”) in the network. When you enter it, you are authorized on the blockchain. As a rule, there is only one account on a single node, although there may be more than one. The number of accounts roughly determines the number of users on the network.

💳 Wallet (Relictum Wallet) is a dApp where all your assets are stored. A wallet has a unique address consisting of digits and letters, for example “yfyuxesCcNX2VFrd0g0vyftDdPa5cHxm”. Any transfers are made to these addresses. The wallet address is the same for all crypto assets.

👍 We hope that this small explanation will help you better understand how our system works and call a spade a spade in the future.

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🌎 Relictum Pro in numbers

Dear community!

✔️ As always, on Monday, we share the main statistics on the Relictum Ecosystem for the past week.

👤 Accounts in the network for today – 126,536 growth for the week – 24.

💵 Transactions carried out for today – 1,808,446 weekly growth – 16,595.

📥 Storages registered for today – 5,242, growth for the week – 5.

🏬 Tokens staked:

— 1 month: 323,484,418
— 3 months: 239,422,272
— 6 months: 196,061,482
— 9 months: 41,258,823
— 12 months: 583,049,314

Total: 1,383,276,310

Staked: 38,180 (+5,008)
Stakeholders: 12,264 (+22)

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Who and how manages the decentralized network

🤔 Have you ever wondered about who runs the decentralized blockchain network and how? Today we'll take a quick look at this issue. The organization may differ, but there are some some common features. All the networks can be divided into two large types:

👨‍👩‍👧 Public blockchain. An open network for everyone. The system is controlled through the consensus mechanism (PoW, PoS, PoT, DPoS, PBFT, etc.) and smart contracts. There is a huge number of examples of such networks, including Bitcoin, Ethereum, Ripple and Relictum Pro.

🛡 Private blockchain. Such a network is managed by an organization that decides who can participate in the network. Users are assigned varying levels of control and authority, but this is also a distributed system. The examples of private blockchains are Quorum, Hyperledger Fabric, and Corda.

🔃 In any case, developers do not directly interfere with the operation of the network, but only create conditions for its normal functioning. Their responsibilities include:

🔷 Development and modification of the network interaction protocol: consensus mechanisms, smart contracts, transaction processing, network communication and security measures.

🔷 Maintenance and updating of software (nodes): maintenance and updating of software, bug fixing, improvement of the security system, introduction of new functions or improvements.

🔷 Working with the community: collecting feedback and suggestions, discussing proposed changes, participating in forums, social networks, developer conferences, etc.

Although developers play an important role in the evolution of any blockchain, the general vector of development of a decentralized network is determined by the community itself: any changes in the protocol and the introduction of new functionality or programs are subject to expert evaluation and receive feedback from the community, and only after receiving approval are accepted by the blockchain network.

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About the importance of the private key

🤔 Most of us are used to skip all these long texts during the registration process; we quickly agree to the proposed conditions, check the boxes and immediately start working in the new system, and there’s nothing wrong about that, but not in the case of blockchain!

❗️ We strongly recommend you not to do this in the Relictum node. Please keep in mind, that your private key, which you create during registration, is the only way to restore the node if it is lost or transferred to another device, so do not ignore it!

🔑 When registering a new account in the node application, you create a private key. This is a sequence of 232 characters and a PIN code to decrypt it.

✔️ Therefore, we recommend:

1️⃣ Be sure to remember where you save your private key. You can save it in a file with the *.pk extension or in a text document. We recommend using the pk format to immediately import it from the file.

2️⃣ Remember, and preferably write down your pin-code (needed to decrypt the key)

3️⃣ Make several copies of the key and store them in different places not on the device where the node is installed. Thus you will protect yourself in case of losing one of them.

ℹ️ Important! The private key is one-time use only, and you use it, a new one must be generated immediately.

ℹ️ Important! We recommend you to check right now your private key, and if it is missing, immediately generate a new one and save it according to the rules described above

📺 This video describes in detail the sequence of private key import and export.

Your node safety is in your hands!

🔍 #Blog #Instruction #Node

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🌎 Relictum Pro in numbers

Dear community!

✔️ As always, on Monday, we share the main statistics on the Relictum Ecosystem for the past week.

👤 Accounts in the network for today – 126,568 growth for the week – 32.

💵 Transactions carried out for today – 1,810,374 weekly growth – 1,928.

📥 Storages registered for today – 5,245, growth for the week – 3.

🏬 Tokens staked:

— 1 month: 314,454,944
— 3 months: 240,976,707
— 6 months: 193,726,508
— 9 months: 41,012,717
— 12 months: 588,263,646

Total: 1,378,434,523

Staked: 39,394 (+6 222)
Stakeholders: 12,271 (+29)

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How to create own Relictum Ecosystem community

✈️ As all know that we have our own Telegram community and official Telegram news channels. In these official Relictum Pro groups, the project team informs about the latest news, developments and updates, and gives some useful advices to users.

👥 However, they are not alone in the Relictum ecosystem. There are other groups created by users themselves.

What are they for?

🙋 In order for the community to actively develop, we support horizontal initiatives of our users, so you can create your own group within the Relictum ecosystem.

💬 Such a group will have its own rules, for example, users will have the opportunity to share media files and links and communicate in their native language.

How to register your own community?

🙂 To register your group, please submit an application through our website: https://relictum.pro/dapps-channels, providing your contact details and go through a quick verification procedure. That's all!

👍 Follow the link, register, gather a community of like-minded people, let's develop the Relictum ecosystem together!

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Staking tournament goes on!

Dear friends!

👥 Today is April 25, which means that there is exactly two weeks left until the end of our big staking tournament, so this is a good time for everyone who wanted to take part in the game, but has not yet done so.

📌 We remind you that the Relictum Pro tournament is an absolutely win-win game and the only thing you need to participate you is to stake 1000+ GTN for one year, after that you will automatically be included in the drawing.

🎁 Our prizes:

1️⃣ IPhone 15 or 1000 USDR
2️⃣ Apple Watch 9 or 500 USDR
3️⃣ AirPods 2 or 150 USDR

➡️ Find the detailed description, rules and instructions here: https://staking-tournament.relictum.pro/rules

❗️ So hurry up, you can still compete for the main prize!

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Dear crypto community!

💻 By the end of the month, our team made several slices of white node presence in the network. Here are the results of April 2024:

100% slices: 9, 43, 89, 93, 123, 142, 402, 1572, 2245, 2246, 2673, 4469, 5960, 6654, 8059, 19508, 24331, 25410, 26042, 34449, 34860, 35039, 35305, 35309, 35315, 35319, 35320, 35323, 35326, 35327, 38335, 75166, 105260, 120175, 123040.

75% slices: 13, 5005, 11172, 11781, 24475, 27265.

50% slices: 56, 2226, 14797.

25% slices: 31282.

📌 We remind you that the white node owners, who by the end of the year will be present in at least 98% of the snapshots, will receive a reward.

The key values of our blockchain ecosystem are not only technology and innovative solutions, but people, you!

Thank you for your support! 👋

🔎 #Whitenode

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🌎 Relictum Pro in numbers

Dear community!

✔️ As always, on Monday, we share the main statistics on the Relictum Ecosystem for the past week.

👤 Accounts in the network for today – 126,588 growth for the week – 20.

💵 Transactions carried out for today – 1,811,123 weekly growth – 749.

📥 Storages registered for today – 5,250, growth for the week – 5.

🏬 Tokens staked:

— 1 month: 311,636,597
— 3 months: 239,311,915
— 6 months: 194,492,022
— 9 months: 41,053,915
— 12 months: 595,332,390

Total: 1,381,826,838

Staked: 40,155 (+6,983)
Stakeholders: 12,276 (+34)

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MAIN EVENTS IN APRIL

🔥 Another GTN burning session was held on April 1, as a result of which another 375,000,000 GTN were burned, which is 3.75% of the total emission. Details: https://t.me/Relictum_Pro_Official/1505

🏆 By the end of April, the total number of stakes in our Staking Tournament exceeded 21,000! More details here: https://staking-tournament.relictum.pro

🗺 The project roadmap has also appeared in our Telegram community. You can check it out here: https://t.me/relictum_pro_chat/175864

🔍 Our user test group started testing a tunnel in the Cosmos ecosystem on the Testnet network.

🔷 Ecosystem growth in April: Accounts registered: 126,592, growth: 123; Transactions carried out: 1,811,503, growth: 25,681; Storages created: 5,250, growth: 20; Total staked tokens: 1,381,725,544, growth: 21,148,977.

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Staking tournament goes on!

Dear friends!

👥 Today is May 2, which means that there is exactly one weeks left until the end of our big staking tournament, so this is the last chance for everyone who wanted to take part in the game, but has not yet done so.

📌 We remind you that the Relictum Pro tournament is an absolutely win-win game and the only thing you need to participate you is to stake 1000+ GTN for one year, after that you will automatically be included in the drawing.

🎁 Our prizes:

1️⃣ IPhone 15 or 1000 USDR
2️⃣ Apple Watch 9 or 500 USDR
3️⃣ AirPods 2 or 150 USDR

➡️ Find the detailed description, rules and instructions here: https://staking-tournament.relictum.pro/rules

❗️ So hurry up, you can still compete for the main prize!

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🌎 Relictum Pro in numbers

Dear community!

✔️ As always, on Monday, we share the main statistics on the Relictum Ecosystem for the past week.

👤 Accounts in the network for today – 126,611 growth for the week – 23.

💵 Transactions carried out for today – 1,835,562 weekly growth – 24,439.

📥 Storages registered for today – 5,258, growth for the week – 8.

🏬 Tokens staked:

— 1 month: 322,851,505
— 3 months: 237,608,632
— 6 months: 192,194,652
— 9 months: 41,676,852
— 12 months: 597,585,294

Total: 1,391,916,934

Staked: 42,795 (+2,370)
Stakeholders: 12,272

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Staking tournament is about to end!

Dear friends!

👥 Today is May 8, which means that there is exactly one day left until the end of our big staking tournament, so this is the last chance for everyone who wanted to take part in the game, but has not yet done so.

📌 We remind you that the Relictum Pro tournament is an absolutely win-win game and the only thing you need to participate you is to stake 1000+ GTN for one year, after that you will automatically be included in the drawing.

🎁 Our prizes:

1️⃣ IPhone 15 or 1000 USDR
2️⃣ Apple Watch 9 or 500 USDR
3️⃣ AirPods 2 or 150 USDR

➡️ Find the detailed description, rules and instructions here: https://staking-tournament.relictum.pro/rules

❗️ So hurry up, you can still compete for the main prize today!

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🔧 Attention! Technical work in the system

Dear crypto community!

👥 Our team is carrying out some technical work, and during this time, there may be temporary unstable operation of our system services. If you face problems during any operations, please contact the technical support service.

💬 After completing the work, all our services and applications will work in an ordinary mode, we will notify you about that in our official channels.

✔️ Follow our news!

Best regards,
Relictum Pro Team

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Staking tournament is over, congratulations to our winners!

Dear friends!

👥 We are glad to inform you that the second Relictum staking tournament is completed and we have our winners! You can see the results on our website: https://staking-tournament.relictum.pro/

👨‍👩‍👧 In total, 24,576 staking transactions took part in this drawing. We thank all participants and remind you that our tournament is absolutely win-win for everyone, so your tokens stay with you!

🎉 Congratulations to our winners:

1️⃣ place: Account ID: 11148, prize – IPhone 15 or 1000 USDR
2️⃣ place: Account ID: 125396, prize – Apple Watch 9 or 500 USDR
3️⃣ place: Account ID: 27136, prize – AirPods 2 or 150 USDR

🎁 To receive the prize, the owner of the above mentioned account ID must contact one of our administrators (@meran_finance or @Serg_relictum) and clarify the details: physical prize, or token equivalent. If the winner does not contact us within three days (until May 12 inclusive), USDR tokens will be automatically awarded to the winner node.

🏆 Well, we would like to thank everyone for playing and see you at new tournaments!

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🌎 Relictum Pro in numbers

Dear community!

✔️ As always, on Monday, we share the main statistics on the Relictum Ecosystem for the past week.

👤 Accounts in the network for today – 126,681 growth for the week – 70.

💵 Transactions carried out for today – 1,839,794 weekly growth – 4,232.

📥 Storages registered for today – 5,262, growth for the week – 4.

🏬 Tokens staked:

— 1 month: 319,200,834
— 3 months: 238,418,207
— 6 months: 194,219,048
— 9 months: 41,692,086
— 12 months: 597,159,419

Total: 1,390,689,595

Staked: 44,421 (+3,996)
Stakeholders: 12,281 (+5)

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How to restore or move Relictum Node without losing assets?

🔃 The Relictum Pro ecosystem is a decentralized blockchain network, each node there acts as an independent unit, and all the information it contains is physically stored on the device where the application is installed.

❗️ Important! You can't just log into your account on another device with your login and password!

⁉️ What to do if you lost your smartphone, or bought a new one and want to transfer your data there?

🔄 To do this, use the procedure for transferring and restoring your account using a private key:

1️⃣ Download and install the application on a new device.
2️⃣ During authorization, select “Import private key” and enter your private key.
3️⃣ Enter the PIN code to decrypt the key. After use, the private key becomes invalid.
4️⃣ Immediately generate a new private key and save it in a safe place.

✔️ That's all! From now on, your account will become invalid on the old device and active on the new one.

📺 In this video, you will find detailed instructions on how to transfer and restore a node: https://youtu.be/QabpHRLZtcg

🔑 We have previously shown how to export, import and store a private key. Read more about this here: https://t.me/Relictum_Pro_Official/1515

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🌎 Relictum Pro in numbers

Dear community!

✔️ As always, on Monday, we share the main statistics on the Relictum Ecosystem for the past week.

👤 Accounts in the network for today – 126,708 growth for the week – 27.

💵 Transactions carried out for today – 1,870,818 weekly growth – 31,024.

📥 Storages registered for today – 5,264, growth for the week – 2.

🏬 Tokens staked:

— 1 month: 309,400,317
— 3 months: 247,016,144
— 6 months: 193,811,752
— 9 months: 41,639,733
— 12 months: 598,487,467

Total: 1,390,355,413

Staked: 44,444 (+4,019)
Stakeholders: 12,275

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The basic rules of RNode safe operation

Dear crypto community!

🔃 Our Relictum blockchain ecosystem is a distributed system without any single server, and that means that the responsibility for your personal assets and data safety is entirely up to you.

We used to rely on the magical “Forgot your password?” button to restore access to your account, but this is not possible in a decentralized blockchain network, therefore, it is very important for you to follow four basic rules:

1️⃣ RULE No.1 Be sure to remember your password, or even better, write it down and keep it in some safe place, since it is impossible to recover your password.

2️⃣ RULE No.2 Be sure to remember your PIN code, or even better, write it down and keep it in some safe place, since it is impossible to recover your PIN code.

3️⃣ RULE No.3 Keep your private key in a file with a pk. extension. If necessary, open the document with the key only with the node application.

4️⃣ RULE No.4 A private key is a one-time use! If you have already used it once, you must immediately generate a new one, otherwise, you will not be able to restore access to your funds later.

👍That's all! It is not difficult at all to follow these basic rules, but keeping them guarantees the safety of your funds!

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What are wrapped tokens?

📷 Our today post is about wrapped tokens. What is this, what are they for, and how do they work. So, let's go!

🪙 Any cryptocurrency can only exist on its native network, but wrapped token technology allows to bypass this limitation.

💳 Wrapped tokens are the “copies” of a crypto asset issued on the Relictum Pro blockchain secured by the original coin. The total number of wrapped tokens in the system is equal to the amount of funds accepted into Relictum Pro wallets.

🔣 Fees on wrapped tokens in the Relictum Pro network

🔷 0% - Fees for depositing assets into Relictum Pro
🔷 0% - Fees for transactions within the network
🔷 2% - Fees for withdrawing assets from Relictum Pro

📖 You can learn more about the tokenomic model of the Relictum Pro network in our Whitepaper

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