How To Setup An OXEN Cryptocurrency Full Service Node
16In this video, I will show you how to make your own OXEN cryptocurrency full service node. Oxen is a privacy focused Proof of Stake crypto that powers the Oxen network and the applications (apps) that run on the network. It was originally forked from Monero, however with the implementation of Pulse which is Oxen’s Proof of Stake, has diverged and pathed its own way forward. At the time of upload, there are two major apps running on the Oxen network. One is called Session, which is an end-to-end encrypted, decentralised messaging app and the other is called Lokinet, which is an onion-router that allows people to browse the internet privately and securely. The Oxen network is maintained by a set of incentivised nodes called Oxen Service Nodes which secure the Oxen networks blockchain and provide the necessary computing power to the Oxen apps (Session and Lokinet) running on the network. These Oxen service nodes are ran by members of the public and can be set up by anybody. The main requirements for running a full service node is that you have and must stake a minimum of 3750 OXEN out of the full 15,000 OXEN required. If you did not contribute the full amount of OXEN to commission the node, you can get other people to voluntarily stake and contribute to the remaining balance. Staking on an Oxen full service nodes, gives you the opportunity to receive rewards in the form of OXEN. As the Oxen full service operator, you can charge a fee to other contributors on your Node to help you cover the hosting costs of your cloud server also known as a virtual private server (VPS). The cloud server host provider used in this video is called DigitalOcean.
Buy Oxen on Bittrex https://bittrex.com/discover/join?referralCode=YU0-EYO-ALH
Buy Oxen on KuCoin https://www.kucoin.com/ucenter/signup?rcode=rMS4319
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Full service node setup guide https://oxen.gitbook.io/oxen-docs/using-the-oxen-blockchain/oxen-service-node-guides/full-service-node-setup-guide
How To Install PuTTY https://youtu.be/0ptZPTTwRaE
Oxen Blockchain Explorer https://oxen.observer/
My OXEN Wallet Address if you want to support the channel:
L6ygQVHjH7w1jEHAxVyTzq5CLyWHs2v53dXnpDBXWQyAKQuJ414qRnw3goK4odKC2tJMpkonjnx8rDG2tD3px1V3LWBVUG5
Commands: To Run And Register An Oxen Cryptocurrency Full Service Node:
apt update
apt upgrade
ufw allow 22020/tcp
ufw allow 22021/tcp
ufw allow 22022/tcp
ufw allow 22025/tcp
ufw allow 1090/udp
curl -so /etc/apt/trusted.gpg.d/oxen.gpg https://deb.oxen.io/pub.gpg
echo "deb https://deb.oxen.io jammy main" | sudo tee /etc/apt/sources.list.d/oxen.list
apt update
apt install oxen-service-node
systemctl status oxen-node.service
oxend status
oxend-download-lmdb https://public.loki.foundation/loki/data.mdb
oxend status
oxend prepare_registration
NOTE: The below command is just an example, you must run your own command that your terminal outputs.
register_service_node 4294967292 T6TCCyDgjjbddtzwNGryRJ5HntgGYvqZTagBb2mtHhn7WWz7i5JDeqhFiHqu7ret56411ZJS7Thfeis718bVteBZ2UA6Y7G2d 4294967292 100.000000000 1535677391 ec3895ea70a4a91b5ec4b5e1df96a45e07046f1fb0123c754d98fb2d70f4529d 5bb35d7b8ab1acb943bc47913ada8f9d2e6d6e22264e57484a04c1bbfd461f0ee2e5435454cd9b7059b221eb506ce9ea4537ddd9faf1f1757e0ef611a41c0609
Additional Commands:
oxend print_sn_key
oxend print_sn_status
Congratulations, you have successfully hosted, registered and commissioned your very own OXEN cryptocurrency full service node. You are now an active contributor to the OXEN network and will now begin receiving staking rewards directly into your wallet.
Timestamps:
0:00 - Intro & Context
0:44 - Buying OXEN And Moving It Into Your Wallet
3:04 - Creating A DigitalOcean Cloud Server (Droplet)
6:46 - Setting Up An Oxen Full Service Node
23:40 - Closing & Outro
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More DigitalOcean Server Guides (Playlist) https://www.youtube.com/playlist?list=PLco3v23oibTVxAf_Ok3alkWKn-LriJxJR
Ubuntu Linux Tutorials (Playlist) https://www.youtube.com/playlist?list=PLco3v23oibTXMcX9Eh80_8OcnVs1SqsR2
Oxen Wallet https://docs.oxen.io/oxen-docs/downloads
PuTTY https://www.chiark.greenend.org.uk/~sgtatham/putty/latest.html
Oxen Homepage https://oxen.io/
Lokinet https://lokinet.org/
Session Messenger https://getsession.org/
Social Media:
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#OXEN #OxenFullServiceNode #CryptocurrencyNode
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