ARMAGEDDON-THE MASTERNODE NETWORK FOR THE AVERAGE CRYPTO ENTHUSIATS.

kingboo (25)in #blockchain • 6 years ago

The expansion of the crypto community has led to the generation of several avenues of earning income, from the investing into ICOs to the investment into cryptocurrencies that are already in the market but none of these opportunities have proven to sustain crypto enthusiasts other than the hosting of masternode. Cryptocurrencies are digital currencies that was first generated by an unknown person who is popularly called Satoshi Nakamoto to reduce the cost of the businessmen and business women incur anytime they make transactions through our banking systems. The first cryptocurrency was launched way back in January 2009 and ever since then several cryptocurrencies have been generated into the crypto community.

Dash, one of the major cryptocurrencies in the crypto community realized that the proof of work system with which Ethereum, Bitcoin and other major cryptocurrency network operated was not suitable for several cryptopreneurs because of the high electricity consumption that involves in mining. The Dash Network was the first blockchain network to bring about the concept of running of masternode whereby the individual nodes presented a collateral of some required amount of coins in order to leverage them against attacking the network. Masternodes uses the Proof-of-Work as its consensus mechanism in adding new blocks to the network.

Bitcoin network is able to perform only seven transactions in a second whiles Ethereum performs fifteen transactions within a second. This would not have been a problem back in the days when the blockchain network of both currencies were only confirming few transactions but currently the crypto community has grown and this has caused a stampede on several blockchain networks. The Ethereum Network which is now known as an ICO hosting network has become clogged with so many and transactions that needs to be completed at a time and bitcoin network is the slowest of them all.

Well all these issues are not in the case of masternode networks because they serve to perform very fast transactions on its network in a very secured and private manner. Another problem that most crypto enthusiasts feared even though their identity was anonymous on the network was the very fact that somebody can trace the address that sends some amount of money on a blockchain network. This has brought about the use of features such as coin mixing, swift sends and others to prevent people from tracing the address of others to know how much they are worth.
Well don’t be swayed away with all the benefits and features of hosting masternode because it is even better, secured and profit generating on the Armageddon Network.

WHY YOU SHOULD HOST MASTERNODES ON THE ARMAGEDDON NETWORK.

The Armageddon platform is the best place when it comes to the hosting of masternodes because it has several packages that most existing masternodes do not have to provide the best of services for its members. The collateral amount of coins that is required by some networks before you can run a masternode is many and this makes it very expensive to buy. The Dash Network requires its members to purchase 1000 Dash coins in order to run a masternode and the average price of Dash coin ranges from $150-$250 US. How can an average investor in the crypto community afford to buy this amount of coins in order to run a masternode.

The Armageddon Network understands the situation of the cryptocurrency market and has therefore put in place Tiered and Shared Masternode where interested members don’t have to purchase all the needed amount of coins to host a masternode. In this system, the required number of coins are shared among different members in certain percentages and so are the rewards to prevent any form of cheating. To make things much more transparent, sharing of rewards are going to be done automatically by the network to avoid any form of manipulation by any entity on the network.
Not everybody has the level of computer literacy needed to run a masternode and this sometimes prevents people from investing into the running of masternode even though it is another avenue of generating income due to constant demand of the network’s coins. Armageddon on the other hand wants to established a platform that would take care of hosting, running and managing several masternodes that users want to run.

The Armageddon masternode network can boast of hosting about five masternodes networks such as Adultchain, Direct Coin, Tritium, Respawn etc. on its decentralized market place so that interested users can just purchase the masternode at a constant price other than the volatility that involves when purchasing coins from exchange platforms. Listed masternode networks and their required amount of coins together with its price are listed at a fixed price so that users can purchase it at an affordable price and also have it managed and run by the Armageddon platform.
As part of its humanitarian policies, the Armageddon network has stipulated in its developments to honour charitable homes with 5% of their monthly profit. This initiative would help assist the needy in the community and also help with the work of other charitable institutions that are in our communities. Members within the network would vote to select among the charitable projects that are presented in order to make it a free and fair system.

COIN SPECIFICATIONS
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