Before getting to the heart of the matter, we need to explain the general background properly. The crypto-world was born in 2009 with Bitcoin. This digital market has grown over the years, and it really boomed in 2017.
So, what is a cryptocurrency? This is a virtual currency that uses cryptography for security. The most defining feature of a cryptocurrency is its organic nature : it is decentralized and not issued by any central authority. Therefore the cryptocurrency network is transparent and based on the blockchain.
A blockchain is a decentralized, distributed and public digital ledger that is used to record transactions across many users so that the record cannot be altered retroactively without the alteration of all subsequent blocks and the consensus of the network.
As mentioned previously, there is a consensus mechanism behind the blockchain. The goal of a consensus mechanism is to verify that information being added to the ledger is valid, meaning that the network is in consensus.
The most popular blockchain consensus mechanisms are the Proof of Work (PoW) and Proof of Stake (PoS) systems.
In PoW, a computer is rewarded for contribution to block creation in the blockchain and for verification through a number of computations.
In PoS, a node in the network is rewarded for the coins within that contributed to block creation and validation (network proof).
Like PoS, masternodes rely on staking a certain amount of a given cryptocurrency within the network.
Masternode is a special form of node and it can accommodate a unique series of functions:
At the beginning of our careers, we were involved in classic mining but we discovered masternodes as a massive opportunity quite quickly.
It is important to understand that the main drawback of masternoding is what is required to set up a masternode.
Actually, one must construct a server on which masternode can run on, moreover the minimum number of a certain coin required for a masternode can be very high. For example 1,000 coins = $50,000 for 1 Dash = $50 (the price is higher than $50 since March 2017)
Fortunately, our commitment in mining has enabled us to earn a huge amount of coins. Therefore, managing some masternodes was absolutely doable, and we have become experts over time.
So today, our team is perfectly able to choose a high-quality cryptocurrency that is based on Proof-of-Stake and Masternoding.
We know how to make the most of the rewards that are granted to the owners of the masternodes, without taking extreme risks: indeed, the risk reward ratio has to be kept in mind, we cannot blindly select a random cryptocurrency whose masternode is assumed to yield 1500% per year. In addition, there are safety issues, the owners of masternode are liable to be a target for hackers. As a Crypnode Technologies Limited client, you can avoid all these pitfalls and benefit from our reliable masternodes (like DASH or PIVX) without any technical knowledge.
Crypnode Technologies enables you to invest in masternodes creation in order to get your blockchain rewards as daily earnings.