In cryptospace there are a multiple ways by which you can make profit and earn a bunch of money. i. e
There are several coins that has adopted proof-Of-Stake[POS] systems also called Masternodes.
What really Masternode is, intrigued?
Well Masternodes(MN) are nodes or computer wallets that relays the transaction in blockchain on time.
Masternodes fulfill special functions for cryptocurrencies network that are beyond the normal nodes i. e incase of Bitcoin nodes, where a node is simply a server relaying transactions.
Some of other special functions that they perform are~
i. They enable instant transactions
ii. Also ensures privacy in transacting
iii. governance and voting.
Since these nodes are special incase of functions for cryptocurrencies network they do cost money and effort to operate or in other words they have entry barriers .
The entry barriers is what one needs to commit, i. e a minimum unit of a particular cryptocurrency HodLing in order to run a masternode. These is to avoid the possibility of corrupting or cheating the system.
They are incentivized by gaining a share of block rewards in their respective cryptocurrencies i. e
Running a masternode for DASH you ll generate DASH interest earning weekly or mothly. These earning is referred as smart passive income
Other crypto that run on masternode includes~
PIVX Chaincoin
BSD Vcash
ION
Icash
Requirements to operate MN are-
i. Minimum unit of coins of that particular crypto i. e for DASH case you may need 1000DASH, PIVX over 10,000PIVX . they vary in amounts as per coin.
ii. Virtual private server to host the wallet.
iii. Enough storage space to store blockchain.
It upon you to research on best coins that operate on masternode network to invest on.
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