In an undoubtedly volatile market, considering the range of investment options for an investor, it is really tough to navigate the investment. The crypto market becomes even more complex and confusing for those less tech-savvy cryptocurrency enthusiasts who want to invest. Consequently, the crypto investors relentlessly look for an optimal and assured way to get a passive income from crypto trading.
Here lies the advantage of Masternodes coins:
Whether you are a newbie in the world of cryptocurrency, toddling at the market's edge, or an experienced investor, getting stuck with your asset on the platform, Masternodes crypto would be your ultimate savior. This article will show the effectiveness of Masternodes coins and what are the best Masternodes to invest in 2020.
Before we dig deeper, let's learn what is Masternode in cryptocurrency? Masternode is a cryptocurrency full node or a computer wallet, providing support to the network by keeping up to date and a real-time copy of a blockchain of the given cryptocurrency. In return, masternode gets crypto coins as a reward. Being a perfect alternative to mining, masternode crypto increases the privacy of instant transactions. The best masternodes of the crypto market protect the blockchain from the network attack. Simply to say, masternodes coins are the one that enables some specific services that are impossible to accomplish for the miners under Proof of Work.
Masternodes are especially helpful for cryptocurrency investors. The main reason is, it’s an active state of passive earnings, as investors tend to get incentivized through interests on the cryptocurrency holdings. However, an investor needs to get his calculations right in terms of comparing the Return on Investment of the masternode coin.
As of now, there are numerous cryptos out there in the market that allow you to run a masternode but not all of them are worth running because of meager incentives they provide.
The main difference between Mining and Master Nodes is the amount of hardware required for the processes to be carried out. Mining requires several powerful computer hardware which takes up a lot of space and can be significantly expensive compared to Master Nodes. Mining requires a certain skill set of technology and IT. It also requires a lot more energy, and thus electricity costs tend to rise. Overall running costs are high for mining.
MasterNodes does include expenses of stacking up coins, however, the need for expensive hardware with the space being needed is out of the picture. A cryptocurrency enthusiast can become a masternode activator in the long run. Since it’s all in the blockchain and software there are no additional energy costs and so electricity costs are negligible. Overall the running costs are low for being a masternode enthusiast.
2018 was a little bit hard for the crypto traders. So what? Let’s gear up for the next high in 2020. But which masternodes to prefer to get cash in chips by the end of the day? You can do thorough research on masternodes online by yourself or check out the readymade list here. The first is time-consuming. Hence, we find the best Masternode coins for 2020 for you.
Following is the top ten masternodes list, ensuring your return of the investment as per Masternodes pro stats:
Dash is the oldest and the most popular masternode in the cryptocurrency market. It always ranks at the top of the masternodes list. Dash paved the way for the masternodes by developing distinctive incentives for the masternode service providers. A trader requires 1000 Dash to launch a masternode and Dash gets 45% of the block reward. Dash works like the bank deposits, exhibiting the anticipated prediction. Dash is generally considered less risky.
Another popular cryptocurrency is PIVX. PIVX provides the traders with masternode functionality and is Proof of Stake (PoS) coin as well. Here lies the difference between Dash and PIVX. From voting, accomplishing instant transactions to hindering double spends, PIVX masternode serves all. You can check out the current PIVX price ticker to calculate how much primary investment it requires to run a PIVX masternode.
Chaincoin is another cryptocurrency, offering masternodes online. Chaincoin ensures its users safe and secured transactions across the globe. With Chaincoin, you can easily and securely transfer funds, go shopping online, etc. It even offers conventional banking services like ATM. By hosting the Chaincoin masternode, you can not only secure the cryptocurrency blockchain, but you will also get the reward and take the advantages of the various functionalities of the masternode. The user is free to withdraw his funds anytime he wants.
Smartcash is another most preferable and community-driven crypto token providing smartnodes or masternodes to its users across the world. Smartcash uses the Zerocash protocol, maintaining the privacy of fast transactions, eliminating the double spending. First, the masternode seals the transaction to get the confirmation. On the other hand, the trader or payee can use their received funds all at once. With running a smartnode or Smartcash masternode, you will get services like InstantPay. If you want to run a Smartcash masternode, then you need 10,000 SMART as security.
Zcoin masternodes, following the Zerocash protocol, looks after the security of the Zcoin transaction. Zcoin ensures the financial safety of all its users, without interfering in their freedom. Zcoin is, in fact, the founder of the Zerocoin protocol to maintain the financial confidentiality of its users. Zcoin allows its users to trade whatever their heart wants unless it has an adverse effect on others in the network.
ALQO is a third generation cryptocurrency. ALQO masternode offers financial, transaction security as well as trading versatility. ALQO claims to hold approximately holds nearly 40% larger and faster block time over Bitcoin, ALQO masternode has the ability to swell up the size of the blocks to clear bulks of transactions in case of high traffic.
How does a Phore masternode work? It's pretty simple. Like any other masternode in the crypto market, Phore masternode validates the transactions, makes the transactions smooth and fast, and gets the reward. Phore masternode also secures the confidentiality of the transactions and keep the financial affairs of its users in privacy.
Syscoin aims to build a decentralized marketplace. Being a fork of Bitcoin’s blockchain since 2014, Syscoin masternode comes with great and notable features like instant transaction and increased the privacy of transactions. Unlike other cryptocurrency masternodes, powerful server machines run Syscoin masternodes.
Stakenet is trying to build a Masternode driven decentralized cryptocurrency exchange platform, Stakenate comes with lucrative masternode services. Stakenet has the potential to become a fair alternative of various payment gateways. Stakenet masternode comes with the cross-chain functionality that makes it enable to support the Cross-Chain Proof of Stake. Here, one vote equals to one Stakenet masternode.
MNPCoin is not much older in the world of cryptocurrency. It was launched in 2018, and that makes it so lucrative to try in this year. MNPcoin follows the Proof of Stake Algorithm and the reward gets split up between the masternodes and the stakeholder in 60:40 ratio.
Among so many great and effective masternodes, it becomes quite challenging to select a masternode suitable for you. After all, when a trader invests in a masternode, he is actually investing his cash in the future of that particular crypto project. So be confident and sure that you understand the fundamentals of the project and believe in the future of that project when choosing a masternode.
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2020-01-08 17:14:06.802903 | 2 min