Sunday, 5/20/18
Today Id like to take the time, to talk about, Masternodes! Proof of Stake! and some resources to get started! First off Proof of Stake or, PoS is a Blockchains (rewards) consensus algorithm. Proof of Stake shares similar attributes as Proof of Work, PoW consist of Blockchains, for coins like Bitcoin, Monero and others. In which (PoW) reward structure requires computer processing power to verify transactions on the public ledgers. PoW reward earners are called miners. Miners are essential to keep the transactions flowing, and the networks secure, and safe. Today they say it cost around $6000 USD to mine one Bitcoin, as more miners join the network, the difficulty to earn a reward increases, until the last coin is mined, in which some say the last Bitcoin will take a fortune to be mined. When these coins are done being mined, Miners will then earn rewards for a transaction fee or so called a "miners fee".
So enough about Proof of Work coins and Bitcoin. and back to what really matters. as for many of us, including my self were not, or are not capable, to manage a mining farm, and all of the difficulty attached to it. So here is a greener pasture in which many believe has some leverage in the future of Crypto, and that is Masternodes. these bad boys are the light at the end of the tunnel. as for everyone who is suffering in the bear market, Stakers are not, that is because we get rewarded for holding our coins in a wallet, a wallet that acts as a open bank account for anyone to transact through and lend from. the more coins you hold the higher rewards you get for proof of stake. However to hold a masternode you must obtain the collateral asked for Masternode, some coins ask for 1000 coins, some ask for 2,000,000. Depending on which coin you may be hunting down, you may really like to know that you can earn rewards for just being a Holder!
It is also a difficult task however to set up a Masternode. but with the help of youtube, and as long as you have a PC or Laptop you can Run your own Masternode! and start making your returns 24 hours of starting node. Or if you do not have that capability and only have devices or smart phone, you can sign up at Simple PoS Pool and send coins to a shared Masternode or stake pool to earn bigger rewards. proof of stake does no require processing power to earn rewards. its all about the amount of coins you have at stake. if you wish to gain some more information on these subjects, join some of the pages I drop below.
masternodes.online
https://simplepospool.com/?ref=theblukabluka
coinflow.webnode.com
arch-advocate.com
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