📶Setup Masternode
Last updated
Last updated
This guide provides a complete step by step procedure for setting up and maintaining a masternode on HootChain. This process requires some technical knowledge, so proceed with caution if you're new to Linux and blockchain technology.
Before You Start:
Understanding: This guide focuses on creating a single masternode on the main HootChain network. Upgrading an existing masternode follows a different process (refer to the update masternode section).
Requirements:
3000 HOOT collateral (locked while the masternode is running)
A secure wallet to store your HOOT (hardware wallet recommended)
A Linux server (preferably a Virtual Private Server)
Use Notepad or a text editor to store your created addresses and other needed information.
Open QT wallet and Go to Tools -> Debug console and generate a new address with getnewaddress command.
Transfer 3000 HOOT to the generated address (collateral address).
To register your masternode, you'll need a separate fee address to cover transaction costs. This address holds funds from your main wallet and remains accessible for you to spend whenever needed.
Use same command getnewaddress to generate a fee address.
Navigate back to the main wallet screen and select the 'Send' tab.
In the "Send" section of your wallet, paste the fee address.
Enter 1 HOOT as the amount and click the "Send" button.
A confirmation window will appear with a 5-second countdown. Once the countdown finishes, click "Yes" to confirm the transaction
The 3000 HOOT transaction to the collateral address requires 4 confirmations before you can proceed to this section.
Go back to the console of your wallet.
Identify the transaction with the RPC command masternode outputs it should return output like the one shown below.
{ "6547258dc979fc0647bd1489808ba0fef96282bf24eb199234cb0c329c8d41": "1" }
Run the following RPC command in the console to generate a BLS key pair: bls generate it should return output like the one shown below.
{ "secret": "5120ef8b654b7b7a459e19cc3ef3f845ba891404853fa317f348635b347e12ef", "public": "098254992464a87643d228e69554fda8f5feb52e9605b9cef2fe73eb3a063f12c8f03a6fa4f07e26a1e9e9875e1c5c91" }
Open QT wallet and Go to Tools -> Debug console and three new address with getnewaddress command.
1st address for the owner of the masternode.
2nd address will be used for proposal voting.
3rd address will be used to receive the masternode reward.
Make sure your wallet in unlocked before executing this command, You can use command given below, 600 is time in seconds you want to keep wallet unlocked.
This is the part where you need to do some manual work.
protx register TxID from “masternode outputs” Single digit from “masternode outputs” IPv4 address of your VPS with PORT Address of masternode owner “public” value “bls generate” Address for proposal voting Address to receive masternode rewards Fee Address
Modify the following command by replacing the placeholders with your actual values, then paste it into the console.
This will return tx output like this: 724b0ab086c759fc7bc664a149a7ba6b82dacd47e69799720eb3e591e096cb6c
You can use the tool on our website to generate protx register and config file required in VPS: https://hootchain.org/masternode-tools
We've successfully completed the wallet setup and obtained the necessary outputs. Now, let's transition to configuring the VPS for further progress.
Rent a VPS with required resources and Ubuntu Server 20.04 or 22.04.
To connect to your VPS remotely, you'll need a Secure Shell (SSH) client like PuTTY.
To ensure your Ubuntu server has the latest security patches and features, run the following command in your terminal:
Type the following command to go back to home directory.
Download the Linux daemon for your HootChain wallet with the following command:
Extract the downloaded tar file with the following command:
Type the following command to install the daemon and tools for your wallet:
You will need a data directory which you can do with the command:
Open nano with the following command:
You will need external IPv4 address of your VPS and secreate value from output of “bls generate”
Save the file with the keyboard shortcut ctrl + x.
The final step! To activate your masternode, run the following command:
You can use hoot-cli masternode status command to confirm the status of your masternode.
CPU
1x 1GHZ
2X 2GHZ
RAM
1 GB
2 GB
DISK
8 GB
16 GB