Masternodes explained in easy to understand language.
Masternodes are a type of passive investment, which is specific to cryptocurrency.
Many people don’t understand what is a masternode. 🤷♀️🤷🏻♂️😩😩
So don’t feel bad if you don’t understand them. 🧐🧐🤯🤯
I think they are easier to understand if you compare it to a common type of bank account called a certificate of deposit and leave out the technical jargon and technical functions of masternodes.🙂🙂
Plus, you don’t have to understand the jargon to understand it as an investment. 😃😃
You must have money, that you don’t need for monthly expenses.
It must be money you can invest for at least one month.
You deposit money into a storage container called an “account”.
You agree to keep your money in the “account” and not spend it.
The bank uses your money to facilitate other people’s “financial transactions”.
😊
😊
The bank agrees to pay you money called “interest” for using your money.
😊
🙂
You get paid “interest” based on a predetermined percentage.
You get paid “interest” based on a predetermined schedule.
You make money every day without any work from you.
You even make money while your sleeping.
This is called a “passive” investment.
You must have money, that you don’t need for monthly expenses.
It must be money you can invest for at least one month.
You deposit cryptocurrency into a container called a “wallet”.
You agree to keep your cryptocurrency in the “wallet” and not spend it.
The coin blockchain uses your cryptocurrency to facilitate other people’s “financial transactions”.
The coin blockchain agrees to pay you money called “rewards”for using your cryptocurrency.
You get paid “rewards” based on a predetermined percentage.
You get paid “rewards” based on a predetermined schedule.
You make money every day without any work from you.
You even make money while your sleeping.
This is called a “passive” investment.
Photo credit: Shutterstock Royalty-Free Images
Good job of explaining a complicated subject in every day language.
I will upvote and keep following you!
Thank you.
I hate to say anything is the best....but that was one of the best explanations of masternodes I have read. Maybe there’s a better article out their, but I haven’t seen it yet.
Thanks for an article, which is the best...for now 🙂
Thanks I wanted it to good and there are really good technical articles out there, but I wanted to stay away from technical stuff.
Hi
I think this is a very good explanation of a masternode. I have read other articles on masternodes, but this one stayed away from technical terms and computer functions and explained the financial benefits in every day terms..
Good job.
Thank you
I also read your Gincoin masternode article too.
It was good.
Thanks for the information on these passive investments.
Nice use of columns here. I have seen columns used for bilingual posts, but this is particularly nice in that it is a translation not from one country to another but from the language or vocabulary of “cryptocurrency veterans” to vocabulary of “regular folks” so people who are new to cryptocurrency can understand why this new investment called “ a master node” is so valuable.
Thank you for the translation.
@djimirji up!
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열을 잘 사용했습니다.
필자는 이중 언어 게시물에 사용 된 열을 보았습니다. 그러나 이것은 한 나라에서 다른 나라로의 번역이 아니라 "cryptocurrency 참전 용사"의 언어 또는 어휘에서 "일반인"의 어휘에 이르기까지 특히 번역이 잘되어서 cryptocurrency는 "마스터 노드"라고 불리는이 새로운 투자가 왜 그렇게 가치 있는지 이해할 수 있습니다.
번역 해 주셔서 감사합니다.
这里很好地使用了列。
我看过用于双语帖子的专栏，但这是特别好的，因为它不是从一个国家到另一个国家的翻译，而是从“加密货币退伍军人”的语言或词汇到“普通人”的词汇，所以新的人加密货币可以理解为什么这种称为“主节点”的新投资如此有价值。
谢谢你的翻译。
ここの列のうまい使用。
私はバイリンガル投稿に使用されるコラムを見てきましたが、これは、ある国から他の国への翻訳ではなく、 "cryptocurrency退役軍人"の言葉や語彙から "普通の人"の語彙への翻訳であるという点で特にうれしいです。なぜこの「マスタノード」と呼ばれる新しい投資が非常に価値があるのかを理解することができます。
翻訳ありがとうございました。
यहां कॉलम का अच्छा उपयोग। मैंने द्विभाषी पदों के लिए इस्तेमाल किए गए कॉलम देखे हैं, लेकिन यह विशेष रूप से अच्छा है कि यह एक देश से दूसरे देश में अनुवाद नहीं है बल्कि "नियमित लोगों" की शब्दावली के लिए "क्रिप्टोकुरेंसी दिग्गजों" की भाषा या शब्दावली से अनुवाद है, इसलिए जो लोग नए हैं क्रिप्टोकुरेंसी समझ सकता है कि "मास्टर नोड" नामक यह नया निवेश इतना मूल्यवान क्यों है। अनुवाद के लिए धन्यवाद।
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