While cryptocurrencies become more and more popular, a large number of people start to take an interest in them. Although some people turn to cryptocurrency for practical reasons, others are only interested in technology, while the vast majority of people simply search for a quick way to make money.
One of the most popular ways to make money with cryptocurrencies is by elegantly buying coins and holding them until they increase in value. Another well-known method for making money with encryption is to extract coins.
Coins based on the Fist Proof 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 "stakeout", which usually involves placing tokens in a compatible portfolio.
However, there is another way to earn money with cryptocurrencies, and this is with the help of masternodes . This method requires more effort than the stakeout procedure, even though a masternode is essentially a form of stakeout.
As mentioned earlier, picketing requires a portfolio, but in the case of masternodes, users must also have a computer that can take on the role of a server. The computer in question must be connected to the Internet 24 hours a day, 7 days a week.
Once the computer is ready and the server is configured, you need to install the masternode application and bind some coins over the minimum threshold specified by the token protocols.
Once these conditions are met, the masternodes are always involved in helping to validate transactions on the blockchain. Since they operate on a daily basis, they almost always pay for that contribution which translates into a steady stream of revenue.
The main disadvantage of masternodes is that they usually require large sums of money to be staked. That said, if one has some cash and computing power and is looking for a long-term investment, then the masternode coins are an alternative that is worth considering.
To help you get started, here is our list of 5 cryptocurrencies masternode worth investing in:
Dash is "a revolutionary system of digital money" and one of the cryptocurrencies most popular to date is ranked a respectable 14th place on CoinMarketCap . Dash was also the first cryptocurrency to implement the system masternode .
Considering that at the time of this writing a Dash coin is worth $ 178.31, a Dtern masternode is undoubtedly a serious investment, as the net requires a 1,000 Dash token to start.
Other technical aspects worth knowing are the fact that the masternodes divide 45% of the block's reward and that, once every 380 days, the reward of the block is reduced by more than 7%. In addition to financial investment, users should be aware of the fact that setting up and maintaining a Dtern masternode requires a little patience and a reasonable amount of know-how. Users should be ready to learn what it takes to configure a virtual private server and edit many configuration files.
For more information, consult our previous article on DASH .
Zcoin is a cryptocurrency that focuses mainly on achieving privacy and total anonymity for its users. Zcoin is currently ranked 92nd on CoinMarketCap, with a total capitalization of $ 73,132,911. Just like Dash, you can purchase a Zcoin masternode with 1,000 XZCs. Zcoin's masnode protocol is called Znode and requires a computer with Linux, plus a lot of Putty and command line knowledge from its users.
More information on how to set up a Znode masternode can be found on the crypto official website .