I've been playing around with setting up a couple of masternodes for 2 different coins, and I'm pondering whether it's worth the trouble in the long run. I've found that setting up masternodes is not straight forward, especially if you want to use a VPS.
What does the community here think about this?
What does the community here think about this?
I'm new in here and I'm do not understand too much about masternode.
Could you please explain more why masternode that worth the trouble in the long run.
I'm also relatively new to the masternodes setup, but I can tell you a bit about it. Essentially, a masternode is any server / computer that runs the coin wallet configured to be up 24/7 behind a static IP, with a declared amount of the coin kept as collateral either on the same wallet, or on an offline remote wallet. The key intent of the masternode is to play a similar role as a miner node in helping transactions validation on the blockchain, but the difference is that it does not need to do POW, since it has POS (amount of coins as collatetal). If you own a masternode, you are often able to vote on which projects get funded from the coin's trasury fund in the evolution of the coin roadmap. Each coin specifies the amount of collateral to be aet aside, and the coins that are given to the masternode as a reward for being a masternode. Check out masternodes.online for more info.