Hitmakr Whitepaper
  • 🎯Intro
    • Philosophy
    • Declarations
      • Holders
      • Artists
      • Producers
      • Musicians
      • Content Creators
      • Music Enjoyers
  • πŸ˜–The Issue
    • 😞The Problem
      • Middlemen
      • Royalty Mismanagement
      • Collaboration Complications
    • πŸ˜€The Solution
  • πŸͺ™Tokenomics
    • PROOF Platform
  • 🌌Ecosystem Overview
    • SKALE Chain
      • ⛓️SKALE Partnership
    • Web3 Audio Storage
      • πŸš€$HMKR Nodes
    • 🏭Factory
      • 🎟️Metadata Management
      • Licensing
      • Royalties
        • Team Splits
    • πŸͺStorefront
    • Streaming & Compensation
      • 🎁Reward Block
  • πŸ“ˆNetworking
  • πŸ”ŽComparative Analysis
  • Roadmap
    • πŸ’ͺAssemble!
    • πŸ—ΊοΈOverview
      • πŸ’ΏAlpha
      • πŸ“€Beta
    • 🎊Release
  • Outro
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  1. Ecosystem Overview
  2. Web3 Audio Storage

$HMKR Nodes

Hitmakr's $HMKR nodes operate on a similar principle to Proof of Stake (PoS) chains, wherein participants are selected to validate transactions and secure the network based on the number of tokens they hold and are willing to "stake" as collateral. In PoS chains, validators are rewarded for their participation and adherence to network rules.

Similarly, in Hitmakr's ecosystem, $HMKR nodes play a crucial role in ensuring the security and integrity of the platform's audio library and ledger. These nodes are tasked with verifying the authenticity of uploaded audio files, confirming ownership rights, and maintaining the accuracy of transaction records.

By staking $HMKR tokens, node operators demonstrate their commitment to the network and are rewarded accordingly for their efforts in safeguarding Hitmakr's assets and ensuring compliance with platform protocols. This process not only strengthens the security of the audio library but also enhances trust among users by providing a transparent and reliable system for managing digital assets.

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Last updated 1 year ago

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