5 Masternode Cryptocurrencies to Invest In

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5 Masternode Cryptocurrencies to Invest In

Post by howlermunkey » Tue Aug 14, 2018 10:30 am

As cryptocurrencies become more and more popular, a great number of people start taking an interest in them. Even though some people turn to cryptocurrency for practical reasons, others are only interested in the technological aspects, while the large majority of people are simply looking for a quick way to make money.

One of the most popular methods of making money with cryptocurrencies is by smartly buying coins and holding on to them until they go up in value. Another well-known method of making money with crypto is by mining coins.

Coins that are based on the Proof-of-Stake algorithm allow any interested party to validate transactions by committing a certain amount of coins. Users are rewarded through a system often referred to as “staking,” which usually involves placing tokens in a compatible wallet.

However, there’s one more method of making money with cryptocurrencies, and that’s with the help of masternodes. This method involves more commitment than the staking procedure, even though a masternode is essentially a form of staking.

As mentioned before, staking requires you to have a wallet, but in the case of masternodes, users also need to have a computer that can take on the role of a server. The computer in question needs to be connected to the Internet 24/7.

Once the computer is ready, and the server is set up, one must install the masternode application, and commit some coins above the minimum threshold specified by the token’s protocols.

https://usethebitcoin.com/5-masternode- ... invest-in/

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