WHAT IS A MASTERNODE<\/p>\n
WHY IS IT USEFUL FOR CRYPTOCOIN INVESTORS?<\/strong><\/p>\n In the cryptosphere, they say only those who can finely analyze the market or are day traders can make money.\u00a0But that\u2019s not true!!<\/em> Masternode is simply a\u00a0cryptocurrency<\/a>\u00a0full node or computer wallet that keeps the full copy of the blockchain in real-time, just like your have\u00a0Bitcoin full nodes<\/a>\u00a0and is always up & running. Some of the special functions that these nodes perform are:<\/p>\n These masternodes are not standalone but they are always communicating with other such nodes to make a decentralized network and are often referred in short form as MN.<\/p>\n Note:<\/strong>\u00a0Mostly the masternodes perform the tasks that I have listed above but it can slightly vary from cryptocurrency to cryptocurrency depending upon how masternodes have been implemented. But more or less they perform these functions in a cryptocurrency.<\/p>\n What Does It Take To Run A Masternode?<\/strong><\/p>\n Just like full nodes in a cryptocurrency, masternodes can be run by anyone. However, there is an entry barrier in place to ensure that the system doesn\u2019t get malicious.\u00a0The entry barrier is what one needs to commit or collateralize certain units of that particular cryptocurrency to run a masternode.<\/p>\n This is done to ensure that a masternode owner doesn\u2019t cheat or corrupt the system and the best of doing so is by putting this entry barrier where the masternode operator has something at stake in the whole game.<\/p>\n So naturally, it becomes very less likely that a masternode operator will cheat because he has a stake in running the whole system and even if he chooses to do so he will be punished in the form of devaluation of their\u00a0own HODLings.<\/p>\n Now that you have understood the concept of masternode, let us see what all things are required to set it up:<\/p>\n These are the pretty much same requirements for any masternode cryptocurrency.<\/p>\n Now I know some you might be thinking that to meet all these above pre-requisites one needs to spend first, so then how will someone earn?<\/p>\n Absolutely correct! And this takes me to my next section of this write-up which gives further clarity on the topic.<\/p>\n Masternodes are very useful for crypto investors because of running a masternode you are incentivized. Consider it just like earning a monthly or weekly interest on your crypto holdings.<\/p>\n Different cryptocurrencies have different incentive models through which an MN operator can earn a decently monthly or weekly income. I call it\u00a0smart passive income<\/em>.<\/p>\n If you are invested in a cryptocurrency that allows you to run a masternode, you should definitely explore that option of earning.<\/p>\n Another thing to understand here is that you should choose the right currency for investment if you are solely investing for running a masternode. You should compare the percentage yield against the investment. In short, you should smartly calculate your ROI.<\/p>\n As of now, there are numerous cryptos out there in the market that allow you to run a masternode but not all of them are worth running because of meager incentives they provide.<\/p>\n I know the next thing that you would like me to talk about would be which cryptos to choose for running a masternode or some of you would also like to know how to identify if the crypto in which one has already invested allows running a masternode.<\/p>\n For people with such queries, there are few links where you can check if your crypto allows you to host an MN or not.<\/p>\n Now it is time to hear from you:<\/strong>\u00a0Which cryptos are you invested in? Are you running a masternode already? Do let us know your comments & experience of running an MN if you are already doing so.<\/em><\/p>\n Here are a few hand-picked articles that you should read next:<\/p>\n If you found this post informative, please share it with your network!<\/strong><\/em><\/p>\n Source: coinsutra.com<\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" WHAT IS A MASTERNODE WHY IS IT USEFUL FOR CRYPTOCOIN INVESTORS? In the cryptosphere, they say only those who can finely analyze the market or are day traders can make money.\u00a0But that\u2019s not true!! In the cryptosphere, there are several ways by which you can make profits and earn a handsome amount of money.\u00a0And the …<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"pgc_meta":"","_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"aioseo_notices":[],"pgc_meta":"","yoast_head":"\n
\nIn the cryptosphere, there are several ways by which you can make profits and earn a handsome amount of money.\u00a0And the best thing is that you can choose the best way that works for you and can accordingly adjust your reward\/risk ratio.
\nOne such way of earning in cryptosphere is by running a\u00a0masternode<\/em><\/strong>, but before I tell you how to do that it is imperative that you first understand what a masternode is.<\/p>\nWhat Is A Masternode?<\/strong><\/h1>\n
\nBut masternodes are considerably different in their functionality than normal nodes.
\nThey are different because they perform several other functions apart from just keeping the full blockchain and relaying blocks\/transactions as a full node does in\u00a0Bitcoin<\/a>\/Litcoin.<\/p>\n\n
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How Are Masternodes Useful For Cryptocoin Investors?<\/strong><\/h3>\n
What\u2019s\u00a0<\/strong>Next?<\/h3>\n
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