What are Masternodes?
We started a year ago doing standard Cryptocurrency Mining Consulting. Specifying Servers, Graphics Cards, Cooling Systems, ASIC (Application Specific Integrated Circuit) sourcing and construction consultation.
The concept of Proof-of-Stake (PoS) and Masternodes had been around since 2014, but the extent to which ALT-Coins, Cryptocurrencies other than Bitcoin, were taking off around the Globe had not been on our Radar.
Masternodes help manage the Proof-of-Work (PoW) Miners, Provide other services such as faster payments and more private payments and for those services they share in the Mining rewards.
When new coins are created Masternodes are partially the beneficiaries and that means their owners.
The first and oldest example of an ALT-Coin using this Masternode architecture is
It turns out that Proof-of-Stake (PoS) systems are much less costly to deploy than traditional Proof-of-Work (PoW) miners and the goal of decentralization of the network can be achieved at a much faster rate than with Proof-of-Work (PoW) systems which require massive investments in Hardware and ongoing investments of enormous amounts of electricity.
Joe Terry, Co-Founder, CEO/CTO
Phone: (310) 379-9822
I have been a Software Engineer for 30 years. I wrote games for the Apple ][, Atari 400/800, the TRS("trash")80 from Radio Shack and the TI 994a Home Computer.
In mid-2016, I began to engage with clients on various cryptocurrency based projects.
While consulting with clients on traditional forms of cryptocurrency Proof-of-Work (PoW) mining, I found Masternodes which are based on Proof-of-Stake (PoS) consensus.
I had been following the Bitcoin phenomenon since early 2011 and yet, was not a "TRUE BELIEVER", but in the last six months of 2017, I became a believer.
Now, I find the world of Masternodes and Cryptocurrency, endlessly fascinating. We are committed to Masternodes Full-Time and committed to growing the business.