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Author Topic: Masternode  (Read 145 times)
Srujan007
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June 30, 2018, 10:53:30 AM
 #21

Never invest in the masternode of cheap sh** coins because you won't earn anything ,so be aware before you invest.
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June 30, 2018, 06:09:24 PM
 #22

Be careful with masternodes. Seems to be the 'in' thing at the minute as everyone is dreaming of passive income forevermore. Just make sure you do your due diligence on what you are getting into first or you'll lose your BTC very quickly.

There are some great paying masternodes out there, but there are some that are blatant cash grabs so just be careful and do your research first before spending your hard earned cash/BTC  Smiley
Thanks for the heads up. Nothing lasts for ever reminder.

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July 01, 2018, 02:01:23 PM
 #23

Before I explain what a Masternode is its worth spending a little time running through the different types of blockchain out there and which ones support running a Masternode.

Blockchains, in broad terms, break down into three types. POW (proof of work), POS (proof of stake) and a mixture of both.

Each of these blockchains must have a mechanism for processing transactions which allows the blockchain to function.

POW blockchains, such as Bitcoin, are underpinned by ‘miners’ who process transactions by ‘mining’ blocks which are then added to the blockchain. Without going into the technical detail in too much depth the mining of a block is achieved by the miners ‘rig’ (which is a computer specifically designed to process data at a very high rate) guessing the answer to a puzzle. The first mining rig to guess the answer to this puzzle correctly wins the right to mine the block. Once a block is mined the miner is also rewarded with, in this case, Bitcoin. Unfortunately POW systems are very energy intensive and the crypto industry is slowly moving over to an alternative, more energy efficient, type of blockchain called POS.

POS blockchains are underpinned by Masternodes. These are computers which process transactions on the blockchain and as a result are rewarded with coins from the blocks being created. Nodes sit on the blockchain, normally within a queuing system, and when they reach a certain position in this queue can be selected, at random, to be rewarded for participating within the network. As a result of this rewards can appear at different intervals but usually average out over time.
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July 02, 2018, 04:12:19 AM
 #24

You should read this one:
What is a masternode

Masternodes play important role to maintain healthy condition of blockchain networks, keep networks as decentralized as possible, prevent potential 51% Replay Attacks, and more interesting things, which you should discover more by yourself.
Hello guys!
Could you please tell me the meaning and importance of masternode?
Thank you all.

It's true!
Be careful with masternode projects and keep your money safely!
A lot of the new project with the masternode are scams nowadays.

racatbtc
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July 02, 2018, 04:26:42 AM
 #25

there good and bad masternode, most of the shitcoin masternode are scam

High roi avoid them even with high MC

But masternode and PoS are the future of mining ( the tech will evolve this way) , POW tend to be outdated and eat too much energy, this can not continue like this
Kunzaii
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July 02, 2018, 05:01:21 AM
 #26

You should read this one:
What is a masternode

Masternodes play important role to maintain healthy condition of blockchain networks, keep networks as decentralized as possible, prevent potential 51% Replay Attacks, and more interesting things, which you should discover more by yourself.
Hello guys!
Could you please tell me the meaning and importance of masternode?
Thank you all.

It's true!
Be careful with masternode projects and keep your money safely!
A lot of the new project with the masternode are scams nowadays.

Great article. Thanks for sharing!
Not only masternodes are scam, some coins are also scam.
Therefore it's best to spread the risc!

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