What The Heck is a MANO Masternode And How Do I Get One?
“A master what???????? A node? What the heck is that? Is that like a lymph node?”
The Masternode Foundation Swiss Army knife for Masternode Investors https://manocoin.org/
To understand what masternode means, we have to start with the word, node. I’m a very visual person so when I first heard the word node, I imagined some kind of enlarged, disgusting gland that’s trying to fight off a terrible infection (lymph node). And then when I put ‘master’ in front of that image…..well, it didn’t really sit well in my mind.
Node has tons of different definintions, but in this case, we’re only going to concern ourselves with the field of computer science.
There’s also another very important distinction between nodes and masternodes as far as responsibilities.
Masternodes sustain and care for the Dash ecosystem like parents, while nodes are like teenagers mining for coins. When miners mine for MANO or any other coin like Bitcoin, etc., they often convert these coins into either USD, Euros or other coins. Many miners tend not have any particular loyalty to any one coin. They’re the worker bees and they can make money by mining lots of different coins. It makes economic sense to do this.
However, this is not good for the development of any one particular coin if the miners aren’t loyal and don’t act as shepherds.
Here’s the definition of node from wikipedia:
“A physical network node is an active electronic device that is attached to a network, and is capable of creating, receiving, or transmitting information over a communications channel.”
Basically, a node means one computer in a network that is communicating with other computers in that same network. So if you’re just surfing the internet on your computer, you’re not using a node because you’re just surfing it by yourself and are not connected to a specific group of computers with a shared community network. Node implies your computer is part of a specialized computer network.
In the MANO ecosystem, there are two kinds of computers that secure the blockchain: nodes and masternodes. Nodes do the mining that creates new coins on the MANO network, and masternodes perform specialized transactions like
WHAT IS MANO
MANO Coin is a mineable, fairly launched and decentralized cryptocurrency that will be the exclusive payment method for services offered by The Masternode Foundation.
MANO’s instant transactions and optional privacy, supported by an independent and reliable blockchain, allow The Masternode Foundation to offer real time zero-confirmation deployment of its services.
Name:Masternode Foundation
Symbol: MANO
MN Collateral: 1,000 MANO
Block Reward: 10 MANO
Block Reward: 50% PoW / 50% MN
PoW Algo: Lyra2z
Block time: 120 Seconds
Halving: 12 Months
Max Supply: 12.61M MANO
Premine: 3%
The main thing to know about how to get a masternode is this: you have to invest 1000 MANO into it, and then not touch that money.
This means you cannot withdraw, convert or send it out of your wallet. Once your balance drops below 1000 MANO you lose your rights on masternode network.
MANO'S CORE MISSION https://manocoin.org/
Provide reliable, intuitive and simple solutions for Masternode investors.
Different PoSe coins have different technical requirements to run their masternodes and, let’s be honest, most investors don’t want to learn complicated linux commands or have time to deal with Ubuntu VPS' security updates.
The Masternode Foundation's project will break technical barriers holding back investors from adding these passive income generating assets to their portfolios.