Home / Featured / 5 Masternode Coins for Earning Passive Income

5 Masternode Coins for Earning Passive Income

There are more ways to earn money with cryptocurrencies than just buying coins and hoping they go up in value. There’s also mining coins, which people can participate in for relatively low investment by joining a mining pool.

Some coins that are based on Proof-of-Stake allow you to participate in validating transactions by committing a certain amount of coins, and will pay out rewards. This kind of system is often referred to as “staking” and can often be as simple as placing tokens in a compatible wallet.

And then there are masternodes. A masternode is essentially a form of staking, but involves a little more commitment and set up. Instead of just having a wallet, you need to have a computer that you can dedicate as a kind of server for the purpose, which needs to be connected to the internet all day, every day.

Once you have a server set up, and you’ve installed the masternode application, then just like staking, you need to commit an amount of coins above a minimum…


Read More

Check Also

Bancor Reveals BancorX, Prepares to Port Protocol to EOS Blockchain

The Bancor team has revealed that its platform, a major Ethereum decentralized liquidity-generating application, will …