VIDEO:
https://www.youtube.com/watch?v=2nKDQ1_9COoDASH MasternodeDASH Masternodes are providing a steady passive income stream for investors in crypto for years.
DASH is a masternode crypto that was forked from Bitcoin (BTC), and introduced Masternodes to the crypto community. DASH Masternodes were invented by Evan Duffield as “
Xcoin” in 2014 and was rebranded in 2015 into DASH as a portmanteau of “digital cash”. At the peak of its popularity DASH had a market capitalization around $4.3 billion as one of the top cryptocurrencies in 2017. Another popular Masternode coin is
Vechain (VET) and since 2019
FYDcoin (FYD).
What is a
master nodeTo understand
the definition of a Masternode, its best to first understand a regular
node in crypto.
(Tip) **If you are new to cryptocurrency and have no idea what a regular node is, FYDwiki is a great portal for beginners to learn more about the basics of crypto** >>
https://fydcoin.com/masternodeA
masternode can only be hosted by a
masternode investor if the requirements to host a masternode are met. For most
masternode coins, the requirement is collateral in the cryptocurrency of the masternode. For example: to host a
DASH masternode, it is required to lock 1,000 DASH in a DASH coin wallet.
Masternode coins
After
DASH, other crypto projects such as
Vechain expanded on the idea of a Masternode. Currently there are many masternode coins available for investors with each having their own risk/reward profile. It is important to do research into
masternodes online prior to investing, diversifying a cryptocurrency portfolio is also advised. Masternode coins can be a great investment, an addition to your crypto portfolio or a way to generate a passive income for a relatively small investment.
Masternode ROI
The return of investment of a
Masternode is determined by several factors. For example the price of a masternode coin, the time between a
masternode payout and the stability of a Masternode project. In general the larger the market capitalization of a Masternode coin, the smaller the price movement. Reduction in the masternode payout can also influence the
ROI of a Masternode. The larger cap cryptocurrencies that have masternodes are
DASH and Vechain.