What are Blockchain Masternodes:

We believe that the blockchain industry is in its infancy and provides substantial growth opportunities.

Industry

We believe that the blockchain industry is in its infancy and provides substantial growth opportunities. According to Computerworld, a leading industry publication, they feel that distributed ledger technology (or blockchain) is the most disruptive technology in decades.It has the potential to eliminate huge amounts of record keeping in turn saving money and disrupting information technology not seen since the arrival of the Internet.

Various applications for blockchain include payment of good and services using cryptocurrency, supply chain management, enhanced security, accounting and the validating of auditable transactions, healthcare records verification, human resources during the hiring and ongoing employee maintenance process, sales and marketing, and a host of other applications. Worldwide spending on blockchain solutions was expected to reach $2.1 billion in 2018 according to estimates from IDC. They expect blockchain spending to grow by an estimated 80% per year reaching $9.7 billion in the year 2021.

What is a Master Node?

A Master Node is a computer (or node) attached to a network that keeps the full copy of the blockchain in real-time. A Master Node is different than a regular node in that they have increased intelligence and perform several other functions apart from just keeping the full blockchain. Some of these functions include:
  • Increasing the privacy of transactions.
  • Doing instant transactions vs. those with longer lead times – very important when buying a good or service.
  • Participating in governance and voting.
  • Enable budgeting and a treasury system for the cryptocurrency.
It is a requirement that the owner of a Master Node purchase a minimum amount of the cryptocurrency that it will be verifying prior to the node becoming operational. This minimum coin amount requirement is by design and is predetermined by the management team associated with the coin. By requiring Master Node operators to also own the underlying currency this helps to ensure that they will operate their node properly due to them having “skin in the game” as an owner.

Why Master Nodes

  • Potential for dual income streams – Master Nodes provide the opportunity to invest in Digital Currencies (the initial purchase of the coin) with the added benefit of earning guaranteed extra coins through transaction verification on the blockchain
  • Significant upside potential – In addition to earning fees from verification services there is the ability to earn revenue from the potential price appreciation of the underlying digital coin that we would own
  • High overall ROI opportunities – The key is choosing the right coin projects based on their current price, management, historical funding of the project, utility of the coin in the marketplace, and overall risk profile. Many coin projects have returned a double and sometimes triple digit ROI over an annual period. There are also many projects that have failed and we will do extensive research together with our Technical Advisor, Blockchain Assets Group, prior to choosing those projects in which to invest.
  • Ability to incorporate an “asset-light” model – We plan to use third-party equipment providers for all of our data room processing hardware – this leaves more capital to purchase coins and start Master Nodes.

Strategy

As there are many coin projects out there today it is imperative that we choose the right ones based on their overall risk profile. Many projects have little to no technical data to back up their business plan and the coins have failed. Also limited information on the team attached to the specific project would raise significant concern for us as well. Our internal due diligence approach to undertaking a new coin project for our Master Nodes will include, but not be limited to, asking the following questions:
  • What is the utility of the coin and does it have real-world applications?
  • What has the coin and their team accomplished to date regarding milestones?
  • How transparent is management and the development team – also what available information is there on their background?
  • How thorough and descriptive is the coin project’s white paper technical analysis?
  • How many Master Nodes are currently attached to the project?
  • What is the price of the coin and do we feel that it is fairly valued today?
  • What are the daily/monthly/yearly transaction fees and how stable are these going forward?
  • Chances that the coin will appreciate significantly over time?
  • Does the overall risk to reward make sense for the project?

Bitcoin News

Chinese state television has sought to document the toll taken on South Korean cryptocurrency companies by 2018’s bear market, with Financial Channel (CCTV-2) producing a report detailing the challenges faced by Korean miners. According to the report, last year’s bear trend was further exacerbated by a 97.5 percent drop in Korean cryptocurrency premiums, driving between. Exactly 10 years ago today Satoshi Nakamoto set in motion his plan to create a new form of money that is independent of any government or bank. The evolution of bitcoin and blockchain over the last decade has been so remarkable that I’m sure even Satoshi himself could not have imagined the impact.The cryptocurrency-friendly company Overstock.com announced on Thursday that company will be paying part of its business taxes to the state of Ohio using bitcoin. Overstock will use the state’s Ohiocrypto.com website to pay for the corporation’s commercial activities tax this year. Also read: 10 Years Ago Bitcoin’s Genesis Block Changed the Course of History Overstock Pays.

Bitcoin News

  • OneCoin Ponzi Scheme Accused of Terrorist Financing17 May 2021 07:01

    Billionaire Crypto Criminal Ruja Ignatova Under Protection of State Sponsor of Terrorism London: A previously unreleased document made available to Plaintiff’s counsel Dr. Jonathan Levy in the lawsuit CCRT v. OneCoin shows that “Cryptoqueen” Ruja Ignatova may be under the protection of a powerful state sponsor of terror in the Middle East. The document authored […]

    Post source: OneCoin Ponzi Scheme Accused of Terrorist Financing

  • Victims of Baltic Crime Wave Join Call for EU Crypto Victim Fund17 May 2021 06:49

    The Baltic Crime Wave continues, scam crypto brokers for some time have found a cozy haven in the Baltic States, flaunting all national and EU rules and laws with seeming impunity.  Victims of the failed Estonian crypto exchange KontoFX have joined tens of thousands of others in demanding the EU protect consumers from organized crime. […]

    Post source: Victims of Baltic Crime Wave Join Call for EU Crypto Victim Fund

  • Earn Passive Income with Nhash Cloud Mining14 May 2021 15:44

    Start cloud mining Bitcoin from as low as $70 a day with the most profitable Bitcoin cloud mining service, NHash. A few weeks ago, the hash rate of Bitcoin dropped about 20% leaving many analysts skeptical of the long-term sustainability of the largest cryptocurrency. Despite the drop, the enthusiasm around the mining of Bitcoin remains […]

    Post source: Earn Passive Income with Nhash Cloud Mining

  • Introduction To ILUS Coin13 May 2021 09:35

    It just takes a quick glance at the trending global news, any day of the year, to find out about a disaster that would be avoidable if the respondents and governments had the right equipment with them.  ILUS Coin, an ERC 20 token project has taken it upon itself to solve social Fire & Safety […]

    Post source: Introduction To ILUS Coin