Share on facebook Facebook Share on twitter Twitter Share on reddit Reddit Share on telegram Telegram Two years ago when the Midas platform began operation, it used a very basic functionality. A discord chat room in combination with balances kept on google sheets allowed users to participate in shared masternodes. Supported coins had a deposit address publicly available in a channel, and users would send coins, followed by filling out a google form. Balances were manually updated daily on the …
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Masternodes — the blockchain innovation that rose to fame during the 2018 bear market, have been in sharp decline ever since. What was first promised as a passive income solution to reward holders and create positive coin economics through “locking” node collaterals has fallen drastically short. Now in late 2019, as the market has experienced some recovery, the Masternode niche of the market has continued to decay, with failed and abandoned projects, exit scams, a lack of new investors, and …
Part 1 Bitcoin — the world’s first cryptocurrency — famously used the proof of work algorithm. This was a state of the art feature that was ahead of its time when it was first rolled out in 2009. Proof of work (PoW) is a mechanism by which the nodes processing the blockchain reach agreement (or consensus). This is a critical function for the blockchain, and without it the chain would be susceptible to attacks. The PoW method maintains the integrity …
Share on facebook Facebook Share on twitter Twitter Share on reddit Reddit Share on telegram Telegram The Rise and Fall of the Masternode Market After the Crypto market found its peak in December of 2017, the market as a whole entered an extended downtrend. This downtrend led to a decline in investor interest in the market, as well as the loss of funds. Many people no longer believed in the “HODL” model which had proven successful up until that point. …
Share on facebook Facebook Share on twitter Twitter Share on reddit Reddit Share on telegram Telegram IEO (Initial Exchange Offering) has become one of the most popular methods of funding a project in 2019. Similar to ICO’s, IEO’s allows users to buy tokens or coins using an exchange as their selling platform. IEO’s are working much better than ICO’s because they use the popularity and reputation of exchanges like Binance or Bittrex in order to attract more investors. Exchanges are …
Share on facebook Facebook Share on twitter Twitter Share on reddit Reddit Share on telegram Telegram Background: Shared Masternodes and Surrounding Issues When Masternodes first entered the crypto scene a few years ago when DASH implemented the protocol, the only way to run a masternode was locally or through a dedicated VPS (Virtual Private Server). As more crypto projects implemented this feature, Hosting solutions emerged as a popular method of running nodes for those with less technical knowledge. Most readers …
Share on facebook Facebook Share on twitter Twitter Share on reddit Reddit Share on telegram Telegram We want to publish a story from our user, who wrote it specifically for our information resource.Now in our blog from time to time there will be stories of our users who want to share their thoughts on the market situation on behalf of our company. I first entered the cryptocurrency scene in the height of the 2017 bull run. I had heard of …
Share on facebook Facebook Share on twitter Twitter Share on reddit Reddit Share on telegram Telegram The Masternode industry is a market unto itself within the world of Blockchain. As a niche part of the crypto market, investing in a Masternode coin can be tricky — even for experienced Crypto Investors. The aim of this article is to give you a few tips on how to identify good investments in the Masternode market, but it is not comprehensive. The topics written in …
Share on facebook Facebook Share on twitter Twitter Share on reddit Reddit Share on telegram Telegram *This article was written by one of our users on his Medium profile. With his consent, we decided to publish his article. The source can be found here: https://medium.com/@mbroome02/the-exchange-apocalypse-7c07abbd6028* **This article explores the recent exchange closures, the recent CryptoBridge KYC fiasco, and the current state of the Masternode market. Read to the end to see where we go from here. ** The Exchange Apocalypse …