The term Masternode was first used by Dash. In the Dash ecosystem, it is used as a bound anonymizer transaction validator system mechanism. The intention is to be bound here is bound by the contract, in accordance with the provisions that have been set.
Masternode basically functions like a series of servers to support its ecosystem. In a masternode, it consists of two services, one for mining, the other for Masternode services. Both of these networks are equally distributed.
In the ecosystem, there are special functions to achieve high privacy in transactions. Masternode, is a method used specifically in achieving this. So that it is quite different from the network for the mining ecosystem, the Masternode network is more to maintain a special network in the use of full privacy transactions of its users.
How Does a Masternode Work?
The way it works may be more like the proof of stake. So if someone wants to contribute to masternode, then that person must have a certain number of coins. For now, the lowest number of coins to be masternode is to have 1,000 coins in his wallet.
After that, it is preparing a special device that will function as a node. This is basically the same as preparing a special device to become a full node in the mining ecosystem. The difference is, this particular node will only be used on the masternode network only, as a device to verify transaction networks with full privacy.
The way to prepare the device is to download the core wallet coin on your device. But besides that, there are now many third party services that can be used for masternode. So just just rent the server to be able to run the masternode.
One important note, that a number of 1,000 coins above must continue to be stored in your wallet. If a number of 1,000 is used, then you can no longer function as a Masternode.
For this reason, there is Anonymous Bitcoin which provides masternode for entry level. Only with 100 Anonymous Bitcoin, you can become a masternode.
Compensation for Masternode Anonymous Bitcoin (ANON)
In the Anon ecosystem, someone who has contributed to Masternode will generally get 35% of the nodes that are run periodically. Period intervals will change depending on the number of Masternode and other factors.
Advantages of Anon Masternode
- Passive income you can get from Anon masternode (after deducting VPS rental fees and electricity costs)
- Anon Masternode also makes transactions faster.
- Anonymity is better, because it is a combination of 2 coins, namely Bitcoin and ZClassic.
- Decentralized, namely masternode obtaining voting in the budget reduction.
- Increase value, with the masternode, it will reduce the amount of supply Anon in circulation. Because to become a Masternode, you have to lock 100 Anons. more and more who join the masternode will further reduce the supply of Anon.
- Stability, increases network stability. The more masternode, the more networks so the network becomes more stable.
Masternode function on Anon
If we look at the description above, Masternode basically functions the same as running a full node in the crypto mining ecosystem. Implementation in the Anon ecosystem also functions as a mining incentive that is more commercially attractive.
If we look at functions that are more or less similar to running a full node in the mining ecosystem, then it is also useful in protecting the Anon blockchain from various attacks. The application of the 100 Anon costs, is used as a special requirement to keep the Masternode network still decentralized.
Besides functioning technically for its ecosystem, it also becomes a commercial function. The hope is that the ecosystem will be more attractive to many investors.
The amount requirement is also a method of how Anon ecosystems remain safe and healthy, with special incentives according to their profitability. Then the number of 100 Anons also becomes a guarantee that the Anon ecosystem will continue to comply with the prevailing consensus, the full node in the network is expected to continue to be honest.
Why Does Anon Implement Masternode?
In addition to the beneficial reasons for ecosystems, and commercial methods to increase the adoption of ecosystems, Anon Masternode is basically implemented to support some of the features described above, namely making transactions faster, better anonymity, decentralized and increasing value,
With the initial costs not too large, there is an increase in stability and loyalty to the network. Of course, because it brings greater dividends.
What makes it more interesting, of course, Masternode is also seen as an investment opportunity too. This is what makes Masternode also play a role as a commercial method in the end to increase adoption of Anon.
Want to be a Masternode? This is what you need
- Have 100 Anons
- Own server or can use VPS (Linux)
- Dedicated IP Address
ANON Telegram: https://t.me/anonymousbitcoin
ANON Discord: https://discord.gg/2yTdK6s
ANON Twitter: https://twitter.com/ANON_WeAreANON
ANON Youtube: https://www.youtube.com/channel/UCU-BMMTH8z0ow0xHjWZHRUg
ANON Medium: https://medium.com/anonymous-bitcoin
ANON Reddit: https://www.reddit.com/r/AnonymousBitcoin/
ANON Website: https://www.anonymousbitcoin.io/
ANON White Paper: https://www.anonymousbitcoin.io/whitepaper