Staking cryptocurrencies

“A Masternode is simply a cryptocurrency full node, or computer wallet that keeps the full copy of the blockchain in real-time and is always up & running to perform certain tasks in order to get extra rewards”.

Some of these tasks are:

• Doing instant transactions

• Increasing privacy of transactions

• Participating in governance and voting

• Enable budgeting and treasury system in cryptos

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For each currency, there are certain limits of minimum coin holdings to run a node, alongside required hardware to run different nodes successfully and make profit from running the pure coin masternode.

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This is one of the stress-free way of making passive income with cryptocurrency that you hold.

To make money with this type of cryptocurrency passive income, all you need to do is just to hold some passive income cryptocurrency in an open cryptocurrency wallet for staking In other to make money fast enough using this method, the cryptocurrency you’re holding must pass through the POS consensus mechanism for this method to be able to work for you. And you need to keep the coins in an open wallet for a maximum time for new similar coins to be awarded to you for keeping such crypto-coins in your possession (or portfolio). 

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Proof-Of-Stake (POS) is generally applied to those cryptocurrencies that are pre-mined so that users have access to the coins for staking. This means that the supply of POS cryptocurrencies are fixed from the start and there is no block mining or forging reward like Proof-Of-Work (POW).