Bitcoin Forum
April 28, 2024, 02:14:44 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Whats the difference between staking and masternode?  (Read 199 times)
Maxnilu (OP)
Newbie
*
Offline Offline

Activity: 31
Merit: 0


View Profile
February 03, 2018, 03:11:35 PM
 #1

Whats the difference between staking and masternode?
1714313684
Hero Member
*
Offline Offline

Posts: 1714313684

View Profile Personal Message (Offline)

Ignore
1714313684
Reply with quote  #2

1714313684
Report to moderator
1714313684
Hero Member
*
Offline Offline

Posts: 1714313684

View Profile Personal Message (Offline)

Ignore
1714313684
Reply with quote  #2

1714313684
Report to moderator
"In a nutshell, the network works like a distributed timestamp server, stamping the first transaction to spend a coin. It takes advantage of the nature of information being easy to spread but hard to stifle." -- Satoshi
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1714313684
Hero Member
*
Offline Offline

Posts: 1714313684

View Profile Personal Message (Offline)

Ignore
1714313684
Reply with quote  #2

1714313684
Report to moderator
1714313684
Hero Member
*
Offline Offline

Posts: 1714313684

View Profile Personal Message (Offline)

Ignore
1714313684
Reply with quote  #2

1714313684
Report to moderator
darkangel11
Legendary
*
Offline Offline

Activity: 2338
Merit: 1345


Defend Bitcoin and its PoW: bitcoincleanup.com


View Profile
February 03, 2018, 04:16:40 PM
 #2

Running a masternode is a form of staking, but more difficult to reach.
To stake coins you just need the wallet with some coins in it and depending on the coin the reward is calculated differently. Sometimes you get chosen by your coins age, so the longer you're holding the greater the chance that your coins will sign the transaction (the older your coins the greater the chance of getting a reward which is proportional to the amount of held coins) and sometimes you get chosen only by the amount of coins that you're holding (the more coins the greater the chance of getting a reward).

A masternode is combination of a staking wallet and a server. To run it you need a server, a stable connection, a minimum number of coins that will be used for staking (with Dash it's 1000) and time to main it. Instead of being chosen or not to sign a transaction a masternode is being constantly engaged and constantly paying out a certain amount of coins.

███████████████████████████
███████▄████████████▄██████
████████▄████████▄████████
███▀█████▀▄███▄▀█████▀███
█████▀█▀▄██▀▀▀██▄▀█▀█████
███████▄███████████▄███████
███████████████████████████
███████▀███████████▀███████
████▄██▄▀██▄▄▄██▀▄██▄████
████▄████▄▀███▀▄████▄████
██▄███▀▀█▀██████▀█▀███▄███
██▀█▀████████████████▀█▀███
███████████████████████████
.
.Duelbits.
..........UNLEASH..........
THE ULTIMATE
GAMING EXPERIENCE
DUELBITS
FANTASY
SPORTS
████▄▄█████▄▄
░▄████
███████████▄
▐███
███████████████▄
███
████████████████
███
████████████████▌
███
██████████████████
████████████████▀▀▀
███████████████▌
███████████████▌
████████████████
████████████████
████████████████
████▀▀███████▀▀
.
▬▬
VS
▬▬
████▄▄▄█████▄▄▄
░▄████████████████▄
▐██████████████████▄
████████████████████
████████████████████▌
█████████████████████
███████████████████
███████████████▌
███████████████▌
████████████████
████████████████
████████████████
████▀▀███████▀▀
/// PLAY FOR  FREE  ///
WIN FOR REAL
..PLAY NOW..
Maxnilu (OP)
Newbie
*
Offline Offline

Activity: 31
Merit: 0


View Profile
February 04, 2018, 12:36:18 AM
 #3

Running a masternode is a form of staking, but more difficult to reach.
To stake coins you just need the wallet with some coins in it and depending on the coin the reward is calculated differently. Sometimes you get chosen by your coins age, so the longer you're holding the greater the chance that your coins will sign the transaction (the older your coins the greater the chance of getting a reward which is proportional to the amount of held coins) and sometimes you get chosen only by the amount of coins that you're holding (the more coins the greater the chance of getting a reward).

A masternode is combination of a staking wallet and a server. To run it you need a server, a stable connection, a minimum number of coins that will be used for staking (with Dash it's 1000) and time to main it. Instead of being chosen or not to sign a transaction a masternode is being constantly engaged and constantly paying out a certain amount of coins.
Thank you for your answers, I understand it now.

Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!