Common Question: What are Masternodes?

The mainstream crypto community is looking at other options on the market to potentially earn more Crypto Currencies related to Masternodes. Coins like Dash made people more aware of Masternodes because those who ran those DASH masternodes held the price of $200,000+ net worth for simply running a masternode with 1,000 DASH coins.

Masternodes secure the blockchain. They perform, save, and store all transactions that are made. These come in the form of blocks, which are first checked for validity. If they are accepted, the blocks are saved and stored to then be broadcast to other nodes.

As they hold full copies of the blockchain and push new blocks onto them, they can require a lot of computational power. This does, however, vary by project, with some being less resource heavy. What can be a major issue is the need for a constant, 24/7 internet connection.

You need a Linux VPS to run a masternode. You must know the important factors such as; Never send anyone your private keys when using a service. Stay away from Masternode pools. You can choose masternode Hosting providers that do not require your coins or private keys.

A popular Setup Masternodes provider is https://www.SetupMasternodes.com

If you're anxious to learn more, visit the telegram: https://t.me/setupmasternodes