The 3 Best Masternode Coins Worth Investing In 2020
Nowadays, in the cryptocurrency sphere, there are many ways you could make money. In particular, buying and selling cryptocurrencies for a profit through an exchange is probably the most popular method. However, lately, there has been a lot of hype around the term Masternode, and cryptocurrency traders love it.
But what exactly is a masternode? Lucky for you, in this article, we will not only explain what masternodes are and how they work, but we will also go through the three most reliable and profitable masternodes in 2020. So, shall we begin?
What is a Masternode Coin
In short, a masternode is a cryptocurrency full node – a computer wallet. Moreover, masternodes incentivize node operators to perform the core consensus functions of running a blockchain. In other words, a computer wallet that stores the complete copy of the coin’s ledger in real-time and part in ensuring the integrity of the network.
To illustrate, masternodes are like a backbone to the blockchain network. Therefore, the Masternode operator receives cryptocurrency coins as a reward. In general, Masternodes are a great alternative to cryptocurrency mining.
Benefits of Investing in Masternode Coins
Masternodes are a great source of passive income. Not only do operators get coin rewards, but there are other reasons why you should consider running a masternode. Above all, with masternodes, there’s an increase in the privacy of the transaction. Also, they enable instant transactions. Moreover, Masternodes allow operators to take part in governance and gives them voting right. Last, a masternode enables the treasury and budgeting system in cryptocurrencies.
Which are The 3 Best Masternode Coins Worth Investing In
DASH (DASH)
First Announced: January 18, 2014
Blockchain: Own Blockchain
Consensus: Hybrid PoW/PoS
Staking APR: 6.44%
Block Time: ~2.6 minutes, 2MB blocks, ~56 transactions per second
Algorithm: X11, CPU/GPU/ASIC mining available
Masternode Support: Yes
Coins Required: 1000 DASH
Coins Rewards: 45%
Total Coin Supply: Between 17.74M and 18.92M
Certainly, Dash is the next generation cryptocurrency. In detail, this digital currency enables users to make quick and easy payments at any time and from anywhere in the world without going through a central authority. In short, Dash offers user-friendly and safe payment methods.
Dash (formerly known as Xcoin and Darkcoin) is based on a decentralized peer-to-peer network. Moreover, the digital currency is secured by strong cryptography. Further, Dash has no premine and was launched fairly and transparently. Furthermore, its currency symbol in the markets is DASH. Also, Dash offers more significant privacy features than Bitcoin as well as quicker confirmation times.
- Decentralized second-tier masternode network
- Superior transaction anonymity using PrivateSend
- Instant transactions using InstantSend
- Decentralized Governance By Blockchain allows masternode owners to vote on budget proposals and decisions that affect Dash
Daily income
$21.0868
0.00228291 BTC
0.1831 DASH
Weekly income
$147.6075
0.01598039 BTC
1.2817 DASH
Monthly income
$632.6036
0.06848738 BTC
5.4930 DASH
Yearly income
$7,696.6768
0.83326316 BTC
66.8315 DASH
Source: Masternodes.online
PIVX (PIVX)
First Announced: November 25, 2015
Blockchain: Own Blockchain
Consensus: PoS (Proof of Stake)
Staking APR: 11.09%
Block Time: 60 seconds
Algorithm: Quark
Masternode Support: Yes
Coins Required: 10000 PIVX
Total Coin Supply: 56,781,166 PIVX
CodeBase: PoS 3.0 Bitcoin Core 0.10.x
To explain, PIVX stands for Private Instant Verified Transaction. Further, with PIVX, users can enjoy near-instant transactions and small fees. Moreover, Zerocoin provides full privacy to all PIVX users. Besides, the SwiftX transactions take only a few seconds to be confirmed. Also, they are guaranteed by the network of masternodes. In other words, PIVX users won’t have to wait long for their transactions.
Furthermore, PIVX is the first proof of stake cryptocurrency to be based on version 0.10 or higher Bitcoin codebase. On the other hand, with PIVX, the incentivized masternodes receive rewards based on two things. In particular, first, their availability and seconds, their ability to offer network services in a decentralized and trust-less manner.
Daily income
$0.8559
0.00009269 BTC
2.9662 PIVX
Weekly income
$5.9910
0.00064886 BTC
20.7634 PIVX
Monthly income
$25.6757
0.00278081 BTC
88.9860 PIVX
Yearly income
$312.3879
0.03383322 BTC
1,082.6630 PIVX
Source: Masternodes.online
Zcoin (XZC)
First Announced: October 6, 2016
Blockchain: Own Blockchain
Consensus: PoW (Proof of Work)
Block Time: 9 minutes
Algorithm: Lyra2Z
Masternode Support: Yes
Coins Required: 1000 XZC
Coins Rewards: 25%
Total Coin Supply: 21,400,000 XZC
In short, Zcoin is the first cryptocurrency to implement the Zerocoin protocol. Moreover, this protocol ensures private transactions. Also, Zcoin has an anonymity set that encompasses all minted coins in a particular RSA accumulator. Further, its currency symbol in the markets is XZC.
In addition, Zcoin is the first full implementation of the Sigma Protocol. Moreover, this protocol ensures complete privacy via zero-knowledge cryptographic proofs. Furthermore, this digital cryptocurrency uses a unique Proof-of-Work algorithm. In particular, the algorithm focuses on ASIC-resistance and mining.
Daily income:
$3.3618
0.00036403 BTC
0.4236 XZC
Weekly income
$23.5325
0.00254820 BTC
2.9652 XZC
Monthly income
$100.8534
0.01092087 BTC
12.7080 XZC
Yearly income
$1,227.0497
0.13287063 BTC
154.6140 XZC
Source: Masternodes.online