Minting money out of Blockchain mining is hugely anticipated all over the world and we, at the Ties.DB, have taken a step ahead with our immensely participant friendly investment protocols.

The network belongs to the community and the revenue is steered towards the network maintenance, nodes payment and enhancing the overall channel.

As a Ties.DB node, you could benefit from exclusive perks ranging from setup ease, timely payments and transparency.

Here’s how!

The Ties.DB Incentive System

As a public decentralized database, Ties.DB invites participants to join the network. Inspired from Ethereum Swarm, nodes too could benefit from the following modes of income.

Storing content on the node server/ Retrieving content from the node server

The user have to pay a small fee for any data storing, processing or deleting.

Data Extraction Rewards

Every node on the Ties.DB replicates data to an extent and the data identified by a primary key is distributed on a specific part of different nodes. The data owner can request any node for access and that node becomes the coordinator. Following the keys, the coordinating node determines all nodes storing the requested data and asks for data retrieval on behalf of the user. Duly verified for compliance and accuracy by the coordinator, the most updated record is shared with the user.

While the coordinator receives a fixed fee, the user has to write a ‘cheque’ for every node that is forwarded by the coordinator along with response time performance of every node. Also, ensuring timely payments, every node can easily manage the list of associated users.

Ties.DB allows the nodes to stop responding to data requests from certain users if the debt scales up a certain limit. Thus, the interest of the user, coordinator and the especially the node are assured.

Thus, the risks are strategically controlled and the participation is profited.

Data Storage Rewards

Although data extraction fee can indirectly cover the storage, nodes are allowed to ask for a decided fee when the user approaches for data storage. Through a legal contract as per the prescribed laws of the Ties.DB, the node can ask for a storage fee either at the time of the contract or after any fixed period of time, as decided upon by the engaged parties.

In case the owner requests complete data deletion before the storage contract period ends, the node is allowed to mark the data record as ‘zero’ and not physically delete the data until the storage contract ends.

Such exclusive rewards encourage more participants to become nodes and boost the Ties.DB.

Why associate with The Ties.DB

Rewarding Superlative Node Performance

Based on different parameters such as response time, history of conflict (if any) and others, the incentive program firmly abides by the following principles -

More and prioritized payments to faster nodes

Penalized payment to nodes not returning most recent data

No payment at all to nodes that fail to respond within a stipulated request time

Faster and Accurate Payments

Ties.DB effectively covers up for the sluggish payment cycle in any Blockchain storage system.

Here, the user has to deposit a fixed amount in a smart contract titled as the Chequebook before seeking the database services. The funds will mostly exceed the expected contract amount and the rest would be refunded later.

Thus, user debt is negated upon completely.

No Need To Setup A Mining Farm

Becoming a Node on the Ties.DB is relatively easier than any other decentralized storage system. All you need to do is rent a server in any cloud setup and install the Ties.DB software that’ll instantly make you a node.

Alternatively, Microsoft Azure can be easily sued to set up a Ties.DB node. Just be prepared with the minimum hardware requirements.

And above everything,

You Make More Money!

Once you have entered the network as a node, your income keeps multiplying as the Ties.Network grows. Beyond storage only, you are paid for every record operation such as writing and fetching.

Support External Dapps

Being a public decentralized database, Ties.DB can engine external Dapps just like it is empowering the Ties.Network. With first of its kind functionality to store, fetch and delete dynamic data, Ties.DB syncs well with the future enterprise needs of fault tolerance.

This hints at potentially more opportunities for the nodes to participate in different projects and grow.