Cryptocurrency How-To

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How to setup a Vitae masternode

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While it is possible to set up a “hot node” in which the masternode stores the 20,000 VITAE collateral, it is more secure and safer to set up a “cold node” in which themasternode runs on a VPS (Virtual Private Server) and the coins stay local in your Windows/Linux wallet.

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Chaincoin started early in 2014 when alt coins starting to experiment with different hashing algorithms. Chaincoin was the first coin launched with eleven hashing algorithms chained, one on top of the other with intentions of Freedom from centralized banking and creating a strong Society to support the movement into cryptocurrency.

Having your own PIVX Masternode, you have some very important benefits. You participate in PIVX Governance, you get Masternode rewards and you help securing the PIVX Network. You need 10000 PIVX to deposit to have the Masternode running. Those funds stay on a wallet that you control, and never get out of your control.

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How to create a Dash Masternode

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Dash masternodes do special functions in the Dash cryptocurrency network. They do the mixing service, needed to improve anonymity, and they handle all instantX transactions, from creation to confirmation. When an instantX transaction is initiated, the sending address is blocked until the confirmation is done. This helps over the counter transactions, because transaction is completed, immediately. Masternodes block the sender's address from sending new transactions, until the transaction is confirmed by the miners.

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