ADSactly On ADSACTLY - MASTERNODES - A new vision for the blockchain (part#1)
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0.000 HBDADSactly On ADSACTLY - MASTERNODES - A new vision for the blockchain (part#1)
 # ADSactly on ADSACTLY - part #44 **ADSactly - MASTERNODES - A new vision for the blockchain (part#1)**  # MASTERNODES - A new vision for the blockchain (part #1) <br> **Masternodes. Sound cool, right? But, what are they? Before we explain further, a question, please:** ### Did you ever dream of owning a coin foundry just like in the old days, way before people started printing pieces of paper and call it money? Coinmakers were minting silver and gold out of the fire! It was a hard and strenuous daily work. But today, you can produce your coins way easier, without much sweat! As a passive income! <br> <center>  <sup>[Source](https://cryptofastlane.com/blog/wp-content/uploads/2017/12/masternodes-passive-income.jpg )</sup> </center> Well, your dream can easily become a reality because this is what masternodes are! Coin foundries made to support a cryptocurrency blockchain and produce a coin for you on top of that. To explain masternodes (bonded validator systems) in simplified terms (simplified enough, not simple for an ordinary person), we would say that masternodes are decentralized currency servers, working on a specific blockchain system which is different from the classic, for example, Bitcoin one. A masternode can be any computer running a VPS server and a wallet filled with a certain number of the designated coin. One cannot mine a masternode coin without owning it first, what is quite a grand idea because this rule actually locks a substantial amount of coins to each masternode and thus raises the price for the rest of them. The bottom line is: one needs to buy a substantial amount of a certain coin from the market before setting up anything.  Masternode server utilizes its resources (VPS, local machine...) for verifying transactions between the parties, running a decentralized voting system and acting as a node in a blockchain of a specific coin that you have decided to own. We could easily say that, based on the architecture of the blockchain, masternodes help their blockchain more than the classic mining systems. <center>  <sup>[Source](https://forum.pirl.io/uploads/db4797/original/1X/389a871f01a3a0aff3d53c4bb489ad4027991a61.jpg )</sup> </center> What we find to be a novelty is that masternode systems equally split the block rewards between the blockchain distribution mechanism and creating new coins for the masternode owner. The ROI is quite lucrative and we believe this might be the thing of the future of crypto. <center>  <sup>[Source](https://lvena26b6e621o8sl2qkx1ql-wpengine.netdna-ssl.com/wp-content/uploads/2017/12/masternodegraphic.jpg )</sup> </center> The basic computer knowledge will not be enough for you to run a masternode and it is not advisable for a beginner to jump into masternodes without any guidance but, then again, it is not a rocket science, either. The rewards can be lucrative if the coin is chosen wisely. Various currencies use different incentive methods to attract the potential investors. Some members of ADSactly also run several masternodes and are quite happy regarding their weekly earnings, even though crypto has seen way better days than on today's markets. So how do I run one? **Well, as we already mentioned. Firstly you'll need to own a substantial amount of certain coin to own a server. The amount varies from currency to currency and is not set in stone. Secondly, you'll need to rent a VPS on a 24/7 server or buy a server of your own where you'll host your wallet. And at last, you'll need a static IP address. Masternodes will not work on dynamic IP.** This is one of the websites where one can monitor the current masternode projects and their current prices:  ## https://masternodes.online/ <br> **Please, let us know your experiences with masternodes and give us your thoughts on the subject!** We will continue covering this super hot topic in the next part of our series. Stay tuned!  If you are interested in joining the ADSactly Society, please read the blog series on ADSactly from the beginning. 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The channel is here: <a href="https://discord.gg/7mqmx2M">ADSactly</a> and you are welcome! <center> ## Click on the coin to join our Discord Chat ## </center> <center><a href="https://discord.gg/EwGhEzb"> <img src="https://steemitimages.com/DQmd5CQG5zLjjm2z8289qcLU6eBHJpC5FmgtR3aC1eXnhsi/Adsactly-Logo-200px.png" alt="Go Adsactly" width="200" height="200" border="0"> </a> ------ <center> **Vote @adsactly-witness for Steem witness!** Witness proposal is here: <center><p> <a href="https://steemit.com/witness-category/@adsactly-witness/adsactly-steemit-witness-proposal">Witness Proposal</a> <a href="https://steemit.com/witness-category/@adsactly-witness/adsactly-witness-report-2018-02-07">Witness Proposal Update</a> </p> </center> <center> <a href="https://steemit.com/~witnesses">Go To Steem Witness Page</a> In the bottom of the page type: adsactly-witness and press vote.  Use small letters and no "@" sign. Or, click [here](https://v2.steemconnect.com/sign/account-witness-vote?witness=adsactly-witness&approve=1) to vote directly! Thank you! </center> ------
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