Cryptocurrency Isn’t The Future –  It’s Reality

Cryptocurrency Isn’t The Future –  It’s Reality

What is a Masternode and how to get one?

What is a masternode - How to get one -Proof of work

How does a masternode work?

The world of cryptocurrencies is full of mysterious terms and opportunities that may seem complex to newcomers. Such is the case with masternodes. An activity that falls somewhere between mining and staking but is actually neither. In any case, it is an investment that falls within the framework of what is known as passive income. It remains accessible with a basic investment and some technical knowledge.

Blocking crypto-currencies to receive rewards in return could be the somewhat simplistic summary of what masternodes are. It is true that it is an investment that pledges a certain – and sometimes substantial – amount of crypto-currencies against a regular return on investment (ROI). A passive income that could be summed up in this maxim.

Often, a masternode is confused with staking, it is in fact a server holding a complete copy of the blockchain. Its purpose is to perform, validate and transmit transactions on the network. It is part of the Proof of Stake (PoS) consensus-based security systems, which are intended to be faster and less energy-consuming than the traditional Proof of Work. There are now several hundred cryptocurrency projects based on this principle. And players like Feel Mining make it possible to devote yourself to it safely and in different ways depending on your willingness to invest in it.

Lets dive in and learn what exactly a masternode is?

The masternode principle is therefore related to the blockchain technology of the Proof of Stake (PoS) type. That is to say, based on a proof of stake, which involves blocking funds to participate in the network and receive rewards. But the masternode is more than that. In this environment, it can be understood as a “super node” standing above the others and having a much greater importance. 

The term masternode literally means “master node. It consists of a large amount of locked-in units of the cryptocurrency, which is called collateral. This can quickly become a substantial investment. For example, the cryptocurrency Dash requires the pledging of 1,000 Dash and is currently valued at over $200 per coin at the current price. 

To meet all budgets, the Stakecube offers mining without a having your own equipment and offers various packages that come in the form of a full masternode or participation in an existing node. This means a more accessible offer.

Masternodes are superimposed on the basic consensus on Proof of Stake (PoS) blockchains. In the case of Dash this is called Proof of Service (PoSe) consensus. A sort of second level of security that manages transactions, offers anonymity and allows voting rights within the community. Simple nodes obey the orders of these masternodes, like an employee to his superior. 

The principle of rewards for being having a masternode

The masternodes are therefore the team leaders working for the blockchain, which in this example is the company. The greater their number, the lower the rewards received in return. This is because they are pooled and divided between the number of players. But at the same time, the network is strongly stabilized and these same revenues are secured. Moreover, locking in a large amount of cryptocurrencies also stabilizes the price. 

These rewards are paid out fairly regularly and can vary from 5% to 25% for the most secure projects. The annualized ROI (return on investment) of Dash is currently around 6.30%. 

However, it is important to take into account that the ROI can vary over time depending on the state of the Block-chain network but especially depending on corrective and/or evolutionary developments of the projects.” – Feel Mining

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More adventurous investors can choose projects that are sometimes much less expensive with rewards of up to 50%. You just have to limit yourself to what you can afford to lose. A project with a lower but stable ROI may be a wise choice for an investor whose objective is to minimize risk. 

“The masternodes project Is evolving according to the state of the network and the corrective or evolutionary modifications of the project. But it can also evolve according to each company’s own management (maintenance, malfunction, software updates, etc.), so it is logical that there may be differences between different platforms. At Feel Mining, we update our figures weekly based on the actual revenue received by the servers we manage. The ROI rates displayed therefore correspond to the actual rates received by our clients.” – Chloe, Feel Mining

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