Is POS the same as maternode?

[puremage111]

As Pos/pow is the most general way of mining method

What's with the masternode?

POS pays you if you hold coins in your wallet

Masternode does the same

In this case, why do we need masternode?

Thanks

[1715195346]

1715195346

[1715195346]

1715195346

[Viper1]

You don't need masternodes and don't let anyone fool you into thinking they're needed. They create a centralized system that can be shut down and/or co-opted by others. Anything that uses any form of centralization should be avoided and only used to take short term profits from and that's it.

[kiklo]

As Pos/pow is the most general way of mining method

What's with the masternode?

POS pays you if you hold coins in your wallet

Masternode does the same

In this case, why do we need masternode?

Thanks

Proof of Stake lets you earn interest directly on All of the coins in your Possession.
Proof of Stake Clients are Full Nodes by default.

Masternodes work by receiving a % of a PoW miners or PoS stakers Earnings.
In other words they act as a parasite siphoning a small % of everyone earnings in exchange for acting as a Full node.

Full nodes download every block and transaction and check them against a coin's core consensus rules.
This prevents PoW miners from generating blocks with higher rewards or PoS Stakers from making their interest rate 1 million %.
In Other Words the Full Nodes keep everyone Honest and help new nodes sync to keep updated with the transactions.

MasterNodes make perfect sense in PoW coins as their is no other incentive to run a Full Node.
IE:  Dash MasterNode

Masternode on a PoS or PoS Hybrid coins , is really just those coin dev trying to grab onto the hype of having a master node.
In a PoS Network , all a masternode will do is steal a % of interest/transaction fees earned from a staker (that is already running a Full Node)
and give it to someone running a masternode.
It also has the effect of decreasing the Proof of Stake Network Security by deceasing the amount of coins available that secure the network.
(It is the equivalent of turning off a % of ASICs in a PoW network and leaving them off.)

Short answers :
MasterNodes for PoW is a good idea.
MasterNodes for PoS  is a bad idea.


 

[puremage111]

As Pos/pow is the most general way of mining method

What's with the masternode?

POS pays you if you hold coins in your wallet

Masternode does the same

In this case, why do we need masternode?

Thanks

Proof of Stake lets you earn interest directly on All of the coins in your Possession.
Proof of Stake Clients are Full Nodes by default.

Masternodes work by receiving a % of a PoW miners or PoS stakers Earnings.
In other words they act as a parasite siphoning a small % of everyone earnings in exchange for acting as a Full node.

Full nodes download every block and transaction and check them against a coin's core consensus rules.
This prevents PoW miners from generating blocks with higher rewards or PoS Stakers from making their interest rate 1 million %.
In Other Words the Full Nodes keep everyone Honest and help new nodes sync to keep updated with the transactions.

MasterNodes make perfect sense in PoW coins as their is no other incentive to run a Full Node.
IE:  Dash MasterNode

Masternode on a PoS or PoS Hybrid coins , is really just those coin dev trying to grab onto the hype of having a master node.
In a PoS Network , all a masternode will do is steal a % of interest/transaction fees earned from a staker (that is already running a Full Node)
and give it to someone running a masternode.
It also has the effect of decreasing the Proof of Stake Network Security by deceasing the amount of coins available that secure the network.
(It is the equivalent of turning off a % of ASICs in a PoW network and leaving them off.)

Short answers :
MasterNodes for PoW is a good idea.
MasterNodes for PoS  is a bad idea.


 

Wow really great explanation there

Especially the effect of masternode on both Pow/Pos, never thought of it

Thanks alot!