With the recent hype of Chaincoin and Exclusivecoin, you might have wondered what's behind it and what about it.The common thing between those two cryptocurrencies is a master node.The most known Cryptocurrencies having a masternode are Dash, Chaincoin, PIVX, Crown, Exclusivecoin and Transfercoin.
What is a Masternode?
A masternode helps secure the community, relay transactions across networks and in some instances gives you the option to participate in the governance.More masternodes improve the decentralization of a cryptocurrency,therefore if you believe in one of the coins and are not driven by the gains, it's always good to help the community by hosting a masternode.
What are the rewards?
The financial rewards are usually a percentage of the blockreward, for instance dash offers 45% block reward on any block. However the more nodes the less your returns since masternodes are selected from the MN list (for MasterNode) by deterministic order (the one that got it's payment the most time ago and has been in the list enough time at the same time).The block reward for dash is around 3.6 Dash.
What do you need to setup a masternode?
Let's take dash for instance, you need:
-Proof of Ownership: 1,000 Dash
-A server or VPS installed with linuex
-A dedicated IP address
also you need some hardware with the following requirements:
-CPU 2GHZ
-RAM: 2GB
-Disk 16 GB
-Network: 1TB/month
So if you were considering a master node and do not have 170,000$ for Dash or any other requirement you can check some of the other alternatives detailed below:
Dash:
Price: 170$
Market Cap: 1,267,477,768$
POO # :1,000 Dash
Total Investment: 170,000$
Number of MN : 4,000
Reward: 45% of block reward.
ChainCoin:
Price: 6.7$
Market Cap: 100,688,599$
POO # :1,000 CHC
Total Investment: 6,700$
Number of MN : 1,288
Reward: 25% of block reward.
PIVX:
Price: 1.76$
Market Cap: 94,674,419$
POO # :10,000 PIVX
Total Investment: 17,600$
Number of MN: 1,991
Reward: Variable,depends on number of masternodes to staking nodes.
Crown:
Price: 0.997$
Market Cap: 14,341,420$
POO # :10,000 CRW
Total Investment: 9,997$
Number of MN : 1,100
Reward: 45% of block reward.
Masternodes increase the value of coins since the money invested in masternodes offers stability to the coin,in addition masternodes improve and secure the community.Take a look below at ChainCoin masternodes around the globe
