Staking crypto and running masternodes are the next phase of blockchain functionality, to learn about the tech I would suggest this quick rundown that explains it well.
Today we're not discussing the technical aspects of staking a coin or what a masternode is, but you should at least have an overview of what exactly you're doing and where your profits are coming from.
What is a masternode in cryptocurrency?
YImagine if just depositing your coins into wallet connected to the internet was all you needed to do to start mining that coin. The more coins you owned, the more you would mine each day.
Well, that's pretty much what you're doing. Except that wallet is called a 'masternode'.
This method of confirming transactions (AKA the consensus algorithm for the blockchain) is called Proof Of Stake or POS.
Is Proof Of Stake really the next big thing in crypto?
Well, Ethereum 2.0 launches later this year and the biggest change people are talking about is how it will soon use poof of stake and masternodes as well.
Masternodes typically cost hundreds, or thousands of dollars to start - but now we can bypass this completely!
Each coin will require a minimum amount owned to begin mining, but now there's a way around this!
Instead of you alone coming up with a $10,000 minimum to start, you can now pool coins together with other investors.
Here's how it would work using some example figures:
Lets say you invest $500 in Bitcoin One (BTCONE), at the time of publishing this that would buy 153,657 tokens.
- You will need a free MyCointainer account to access the masternodes.
- Here can also buy any of the coins listed at the bottom of this article using BTC. Or, you can find the coins listed on any exchange where it trades, buy it there, then send it over to MyCointainer.
- Once you have it, deposit the BTCONE tokens into your shared masternode. It doesn't matter where you get it, but it needs to end up on your MyCointainer account to begin earning income.
- Every day, you will earn 1490 more tokens! You don't need to do anything to keep this going besides leaving your coins sitting there.
- By the end of the year, that $500 investment will be worth $1750 if the coins stay the same value.
- But if you pick the right coins, they will go up in value, and you'll have a lot more of them! This is how people can have some pretty impressive returns by investing in coins that they can stake on a masternode!
- Because you mined coins the entire year, that original deposit of 153,657 is now 697,507 coins.
- Now imagine it goes up in value by just 25% for the year.
All these assets are available on shared masternodes with no required start-up amount:
This is a masternode coins list of supported stakeable crypto assets, in order of popularity based on current volume with traders.
Purchase these tokens on any exchange they trade on, then transfer them to your masternode to begin earning the "yearly return" amount.
Yearly return for all coins are paid out daily!
Energi - Self-funding cryptocurrency with a purpose to reach the masses.
▸ YEARLY RETURN 19.15 %
Qtum - a Scalable smart contract platform with Proof of Stake.
▸ YEARLY RETURN 10.75 %
Divi project focuses on introducing easy to use cryptocurrency to the masses.
▸ YEARLY RETURN 40 %
Rapids Payments across social media via blockchain technology
▸ YEARLY RETURN 61.26 %
Waves - blockchain platform and development toolset for Web 3.0 applications
▸ YEARLY RETURN 5 %
PivX Digital online money that can be easily transferred all around the world in a blink of an eye.
▸ YEARLY RETURN 9.42 %
Stratis Simple and affordable end-to-end solutions for development, testing and deployment of blockchain applications
▸ YEARLY RETURN 1 %
Bitcoin One - making difference for the 3 billion unbanked people.
▸ YEARLY RETURN 350 %
(XBC) Bitcoin Plus is a low-coincap Proof-of-Stake cryptocurrency.
▸ YEARLY RETURN 20 %
Bitcoin Turbo Koin - community powered, PoS coin that values user's privacy.
▸ YEARLY RETURN 76.65 %
BitGreen - a global solution for sustainable cryptocurrency.
▸ YEARLY RETURN 149 %
CloakCoin One of the first concepts in the crypto market that offers true anonymity
▸ YEARLY RETURN 6 %
ColossusXT is an open-source, community-driven, cryptocurrency that primarily focuses on privacy, decentralization, and real-world implementations.
▸ YEARLY RETURN 28.55 %
(ECA) Electra - a Payment Coin You Can Spend Anywhere
▸ YEARLY RETURN 2,5 %
ExclusiveCoin - easy to use coin that values user's privacy.
▸ YEARLY RETURN 51.23 %
(MRX) Metrix - a secure digital asset for everyone.
▸ YEARLY RETURN 50 %
Monetary Unit Aims to break away from the mould that cryptocurrency is only for tech-savvy people.
▸ YEARLY RETURN 40.65 %
NavCoin Easy to use digital cryptocurrency
▸ YEARLY RETURN 5 %
(NEBL) Neblio - fully open-source tools and services for enterprises to deploy dApps.
▸ YEARLY RETURN 10 %
Particl Decentralized privacy platform build for global person to person and business to person eCommerce
▸ YEARLY RETURN 5.23 %
Peercoin An experimental, decentralized digital currency that enables instant payments to anyone, anywhere in the world
▸ YEARLY RETURN 1 %
Polis (POLIS) Polis - instant payments with open-source, community run network.
▸ YEARLY RETURN 58.29 %
Radium - Advanced Blockchain Utility.
▸ YEARLY RETURN 22.5 %
(SINS) SafeInsure - decentralized insurance for the Blockchain Era.
▸ YEARLY RETURN 106 %
SmartCash is a community governance, cooperation & growth focused blockchain based currency & a decentralized economy.
▸ YEARLY RETURN 15 %
(SEND) Social Send - cryptocurrency made easy
▸ YEARLY RETURN 59,34 %
(XLR) Solaris - Security. Privacy. Liberty.
▸ YEARLY RETURN 18 %
(XST) Stealth - proof-of stake combined with anonymity.
▸ YEARLY RETURN 20 %
Syscoin - puts your business on the blockchain.
▸ YEARLY RETURN 9.10 %
(VITAE) Vitae - growing global prosperity
▸ YEARLY RETURN 106 %
Wagerr A decentralized sportsbook that has been designed to make betting trustworthy and reliable ▸ YEARLY RETURN 3.79 %
Bean Cash Cryptocurrency for digital payments - faster than a bean of light
▸ YEARLY RETURN 48 %
BitBay Aims to create the future of free markets
▸ YEARLY RETURN 3.26 %
BlackCoin Pure proof of stake coin since 2014
▸ YEARLY RETURN 1 %
DeviantCoin Aims to build privacy based Decentralized Exchange Network
▸ YEARLY RETURN 30 %
Experience Points Earn XP tokens as you complete real life goals
▸ YEARLY RETURN 30 %
KYDCoin - Bridging trust between community and developer.
▸ YEARLY RETURN 131 %
Luxcore Solutions and services ecosystem that focuses on designing and building enterprise ready security and privacy products
▸ YEARLY RETURN 50 %
MMOCoin is a cryptocurrency created to simplify online trading between gamers.
▸ YEARLY RETURN 10 %
OkCash Open source digital currency for fast transactions
▸ YEARLY RETURN 5 %
Phore Delivering blockchain technology to the real world
▸ YEARLY RETURN 37.01 %
PinkCoin Donation & fundraising platform for social impact
▸ YEARLY RETURN 1 %
Shard - Decentralized freedom of your money.
▸ YEARLY RETURN 18 %
Rupaya Built for South Asia digital crypto coin accessible to ordinary users and merchants
▸ YEARLY RETURN 10 %
There's no reason to wait another day, get your masternode and start earning in your sleep!
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Author: Matt Miller
London News Desk
Contributor From Our Sister Site CryptocurrencyLoaning.com
Via NEWSROOM | Crypto Press - Live, Breaking, Real Time News... https://ift.tt/2Bf4SKE
