Masternodes

190501-AAR-FLRN-Masternode
Blockchain Basics

What is Florijncoin X11 V14.01.03.01 Masternode

There are several ways to make money in the cryptosphere. To begin with, you can buy and sell digital currencies for a profit through an exchange such as Coinbase. Secondly, you can run a Florijncoin Masternode.

Perhaps you may have heard crypto enthusiasts mention the term Masternode severally, and all this time you have been wondering what it is or how it works. Worry no more, in this post we shall cover everything you need to know about the Florijncoin masternodes.

NOTE: So, what is a Florijncoin Masternode? A node can simply be understood as a computer that plays a part in ensuring the integrity of a coin network. The crypto space is not only decentralized but also distributed; therefore it functions by several people running nodes from different parts of the world. That said, you require a full node to host a copy of the Blockchain (coin’s ledger) and this support the network. It's is prohibited to make a own masternode, as long as we not have the core open source, all rights to set up a Florijncoin | FLRN masternode are only permitted with a written permission of Ecrypty Group B.V. in case of violation you pay 100.000,- euro fine for every masternode setup that you have made and 10% for every coin that is made with this illegal masternode setup that you made with out permission on writing of Ecrypty Group B.V and all lawyer en court costs etc.! Its strictly prohibited to make a own masternode without a permission on writing of Ecrypty Group B.V. that you can use the masternode. e-mail info@ecrypty.com

A Masternode is a crypto full node (computer wallet) that supports the Florijncoin network by hosting an entire copy of the coin’s ledger in real time we at Florijncoin made our Masternodes. In return, the Masternode will receive crypto Florijncoins as a reward. It is a great alternative to mining.

Understanding the Masternode

To enable you understand Masternodes further, let’s explore the different kinds of Blockchain in existence, and discover which one can run a Masternode.

There are two common types of Blockchain out there, namely:
POW (proof of work)
POS (proof of stake)
Each Blockchain has its own unique mechanism through which it process transactions to enable Blockchain functions.

POW Blockchains (Bitcoin is under this category) are supported by ‘miners’. They enable transactions through ‘mining’ of Blocks that are then finally added onto the Blockchain. They attain that by use of rigs.

Think of rigs as computers that do the processing of data at very high speeds and essentially guessing answers to puzzles. The rig that gets the correct answer gets rewarded. However, the main challenge with POW is its high consumption of energy. This has triggered a shift to PoS as an alternative.

POS Blockchain is supported by Masternodes. As we earlier mentioned, Masternodes are computers that enable processing of transactions within a Blockchain and in return earn a reward from the blocks created. They operate under a system that is collateral-based to guarantee the provision of services that are genuine. They act as the Blockchain network backbone or if you like as a bonded validation system.

Bitcoin and Dash were the first cryptocurrencies to adopt the Masternode model, now you can get this generating service that provide you with passive income thtough online and revenue. Now we make it easy... just get your own masternode and watch the money slowly stream into your wallet minute after minute. You won't believe how quickly it adds up.

Why run a Masternode?

Besides the coin rewards that you get from running a Masternode, here are more reasons why you should consider a Masternode:

It increases the privacy of the transactions.
It enables instant transactions.
It allows the user to take part in governance as well as voting.
It enables the treasury and budgeting system in cryptocurrencies.
While all Masternodes can do the above tasks, performance may slightly vary from one digital asset to the other based on how a Masternode has been implemented in a particular cryptocurrency.

So, how much can you make from running a Masternode?
The masternode enables you to earn some passive income from participating in network maintenance functions. However, there is no one-size-fits-all response on how much you can earn. Generally, it would depend on the following factors

The coin then you select to invest in.
The protocol that facilitates the Masternodes per coin.
The rise in the eventual value of a coin into the future.
For instance, running a Masternode for Florijncoin is likely to earn you a reward of about 45%, while miners get 55% which is split to all Masternodes. According to the Florijncoin that translates into a good recurring income. That’s a pretty good deal.

How to run a Florijncoin Masternode
The Hosting of a Florijncoin masternode requires a small server/computer node with a internet connection. Our IT team will set up your Florijncoin masternode completely included 10.000 Florijncoins to start off. Once you set it on, you are good to go.

Buy the masternode in our Florijncoin webshop.
Go To Webshop

Go To Webshop

Why run a Masternode?

Besides the coin rewards that you get from running a Masternode, here are more reasons why you should consider a Masternode:

It increases the privacy of the transactions.
It enables instant transactions.
It allows the user to take part in governance as well as voting.
It enables the treasury and budgeting system in cryptocurrencies.
While all Masternodes can do the above tasks, performance may slightly vary from one digital asset to the other based on how a Masternode has been implemented in a particular cryptocurrency.

So, how much can you make from running a Masternode?
The masternode enables you to earn some passive income from participating in network maintenance functions. However, there is no one-size-fits-all response on how much you can earn. Generally, it would depend on the following factors:

The coin then you select to invest in.
The protocol that facilitates the Masternodes per coin.
The rise in the eventual value of a coin into the future.
For instance, running a Masternode for Florijncoin is likely to earn you a reward of about 45%, while miners get 55% which is split to all Masternodes. According to the Florijncoin that translates into a good recurring income. That’s a pretty good deal.

How to run a Florijncoin Masternode
The Hosting of a Florijncoin masternode requires a small server/computer node with a internet connection. Our IT team will set up your Florijncoin masternode completely included 10.000 Florijncoins to start off. Once you set it on, you are good to go.

Buy the masternode in our Florijncoin webshop.

Go To Webshop