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  Masternodes – Money through Network Security | Bit Updates
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Masternodes – Money through Network Security

Wednesday, January 31st, 2018 | bitcoin updates

Read articles: Masternodes are increasingly being seen as a new option for passive income. But why can masters hosters even make money and which masternode systems are available in the market? The cryptocurrency market offers several ways to make money and is for many the primary reason for dealing with blockchain-based systems. Investing in mining pools, proof-of-stakes consensus, and finally, master indexes, has become very popular in the search for passive income. However, what are masternodes and why there should be money for hosting such is not clear to many. To understand Masternodes, it helps to remember in a first step what are nodes in the Bitcoin ecosystem: they are next to the miners Rear wheel on which the network works at all. Simply put, these are servers that have stored the entire blockchain and verify both transactions and blocks. The decentralization and performance of the network depends on it being spread over as many nodes as possible. Unlike miners, this role is not rewarded in the Bitcoin network. Bitcoin Node Hosters do their job for their own sake, for security reasons, and to proactively participate in the network. DASH – Decentralized governance thanks to MasternodeOther cryptocurrencies, however, compensate for at least part of the nodes the associated activity: At DASH, operators become a so-called master node involved the profits generated by the miners. The role of masternodes in the DASH system is even more important than that of Bitcoin nodes. Masternodes, like the nodes known in the Bitcoin system, are responsible for transactional distribution over the network. In addition, it ensures anonymisation and a quasi-instantaneous transaction. The central role that masternodes play in the DASH ecosystem is further enhanced by their role in decentralized governance: individual DASH master nodes decide in an election process the future of the network and how the available budget should be used. Outsiders can track this process, for example, on DASH central. Finally, as already written, Masternode hosters are remunerated for their work. Currently around 3.6 DASH are generated every two minutes. Of these, 45% go to the Masternodes. With currently 4,750 Masternodes, this means that a Masternode hoster can earn 120 Euro per day – so a solid middle class salary just by the way! The co-decision on the future of the network and the prospective profit are for many an incentive to start a master fashion , However, the dream of a passive income is in the way that Masternode hosters must have a deposit of 1,000 DASH, which currently equates to more than 600,000 euros. Surely many readers will not have the capital. However, there are solutions in which a share of a Masternode can be bought and you will be paid accordingly lower, but here, after all, 25 DASH, so about 15,000 euros necessary – which is not easily affordable ist.Au├čerdemdem is to be considered here that the investor must leave this initial investment to an external provider. As some have seen with cloudmining providers, this trust can be penalized for cheap passive income, but DASH is by no means the only system that works with Masternodes and pays the operators money: There are many smaller currencies that have a much lower deposit desire. In addition to DASH, especially PIVX and Zcoin are well known, but other, much less well-known cryptocurrencies also advertise with Masternodes. Masternodes.online lists 94 cryptocurrencies whose ecosystems include master nodes. Six of these coins require an initial investment of less than a thousand euros, Arctic Coin currently expects only 89 euros! Especially in these crypto currencies, the aspect of "passive income" is often in the foreground. Arctic Coin is promoting their project primarily with the money-making aspect, and similar things can be said about much of the smaller cryptocurrencies. How sustainable a source of money, which pursues no further benefit, is actually, is an open question. Here, as with any long-term investment, you should check whether there is an increase in value here. The market capital of such cryptocurrencies is not for nothing very low, so that the risk of pump-and-dump schemes must be considered. In addition, the initial investment is of course only a variable, if generated in the course of a year too little revenue, a return on investment Not even a masternode. Therefore, the annual return on investment should always be considered and how long it will take to recoup the money invested – plus the ongoing costs of power and the like. The longer this lasts, the safer you have to be that the price does not fall again. Finally, the emergence of the Masternodes, who advertise with nothing but passive income, also identifies a problem in the crypot currency sector: the aspect of the underlying Technology and decentralized governance is a thing of the past for many new investors – the idea is to make as much money as possible. However, it is also worthwhile to look into the smaller crypto currencies offered by the Masternodes, since interesting ones can be found here as well new use cases are being developed. In this regard, in the future, Masternode Coins will certainly play a role in the New Coins on the Block. Similarly, the possibilities of decentralized governance also mean that Masternodes continue to be considered; For example, Stratis has developed a module that provides a platform for developing Masterternodes on Microsoft Azure. The initial investment here is extremely high with 250,000 STRAT (which is almost 3 million euros), so it can be assumed that this is more thought of as Masternodes in a blockchain-as-a-service environment. A similar thought also seems to be shared by Jason Cassidy, the co-founder of Blockchain TV, who sees the service code as an upcoming innovation that will enable companies to quickly build up blockchains.BTC-ECHO Philipp GieseDr. Philipp Giese works as an analyst for BTC-ECHO and specializes in chart analysis and technology. In addition, he is actively involved in the crypto community – both online as a central contact person in the slack channel of BTC-ECHO and offline as a speaker and interviewer, he always maintains an exchange with startups, developers and visionaries. The PhD physicist can draw on many years of professional experience as a project manager and technology consultant. For many years, Philipp has not only been enthusiastic about the technological dimension of cryptocurrencies, but also for the underlying socio-economic vision. Philipp Giese


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