One of the innovative pillars in this entire cryptocurrency and Blockchain ecosystem has undoubtedly been the creation of the cryptocurrency masternodes; It was the DASH cryptocurrency that, in its conception, gave rise to a new concept of networks and servers which he called Masternodes; Over time, these nodes caught the attention of many other cryptocurrencies that began to implement their own Mastenodes networks. To date, concepts similar to the DASH nodes, we can find them in Helium, ExclusiveCoin, PIVX, LIVE and a fairly long list of new bets by the Masternodes.
What is Really a Network of Mastenodes?
A Mastenode, is a server that is at all times connected to the Blockchain network, performing the tasks that allow speeding up transactions and being an active part of the ecosystem of a Blockchain in question. In this case, if we talk about a network of cryptocurrency masternodes, we can only say that it is a network of nodes that at all times are providing agility and transactional functions to the entire joint network; This system can be comprised of crypto-diggers, dealers, incidental purchasers, buy and offer of administrations and different capacities that require hubs around the globe that permit executing data sources and yields among clients and the Masternodes arrange around the world.
My Cointainer Keep in mind that a Mastenodes requires a minimum and constant number of cryptocurrencies; this is a requirement that cannot be ignored if any user wishes to implement a Masternodes.
Minimum Requirements to Implement a Masternode
As we mentioned, the highest cost to implement a Masternode is the number of minimum cryptocurrencies that must be frozen in the Masternode so that the entire network can use them in transactions that are carried out at all times; Needless to say, a Masternode must be operational 24/7.
In addition, the costs of hiring a dedicated server where Masternode implementations can be made must be included; In many cases, some type of investment in high-availability implementations that allow insurance against the falls of the main server and ensure the efficiency of our Masternode are also usually made.
You should keep in mind that the hiring of a server with the minimum requirements required must be a priority so that the service in the entire Blockchain network is optimal. To do this, you must find and hire the server with a trusted provider that ensures such as mycointainer.com availability and quick attention to tickets in case of complication or failure of the contracted server.
How would I Benefit from Investing in a Masternode?
The Blockchain network, as its users increase, require more nodes (Masternodes) to be able to provide a rapid flow of transactions; That is why those crito monedas that have decided to implement Masternodes, remunerate and reward the owners of a Masternode with a percentage of the profits of the transactions made; In that way, the network of nodes is rewarded for keeping those services active and possessing a minimum amount of cryptocurrencies frozen within their Masternodes.
This percentage, which is distributed among the nodes of the entire Blockchain network, serves as an insentive for all the effort given to the Blockchain network; That is why many new investors have seen in a Masternode, a new way to generate profits within this entire ecosystem called Blockchain.
The Blockchain is constantly evolving, more and more power capacity is required to keep the millions of transactions that are carried out daily stable; This is why many begin to see the Masternodes as a solution to improve and streamline the entire Blockchain network and provide juicy benefits with rapid investment returns.
Finally, we must comment that the Masternodes are not the only new characters arrived in the Blockchain world, they are already beginning to perform some tests for what could be the new evolution of the Masternodes, something that could be used in real business and could speed up and improve the services that we use daily, this new improvement is called Servicenode, a network of servers whose concept is intended to use the Servicenodes to offer BaSS (Blockchain as a service). We hope to deepen more about the Servicenodes in future articles that we hope will be easy and entertaining to read.