Posted on: 14. April 2018

Cryptocurrencies

# Provider of the Month - Passive income through Masternodes
The GetNode Club offers its members a stake in the only ever Masternode pool. to the provider - (https://www.getnode.io).

What are cryptocurrencies?

Cryptocurrencies are digital currencies based on a decentralized accounting system. This accounting system is referred to as a blockchain, which stores transactions that are encrypted by means of cryptography, hence the name cryptocurrency.

Each transaction creates a block in the blockchain. Based on the previously created blocks, the transaction is verified. By mining, new coins can be created.

Here, miners provide computing capacity for the crypto network and are rewarded with coins. Unlike currencies like the euro or the dollar, they only exist digitally. Nevertheless, they perform some functions of money, which is why they are often compared to the well-known government currencies.

However, some experts doubt that this form of digital currency is actually money, and it usually receives comparatively low recognition as a means of payment.

History

In 2009, the rise of cryptocurrencies began, with the pioneer Bitcoin. To date, Bitcoin is the most important representative of its kind. The technology on which the Bitcoin is based, however, goes back 10 years, to the year 1998.

Bitcoin has experienced an extreme price increase since its inception and is often surrounded by high levels of hype in the media. Because of their anonymity, Bitcoin and its supporters regularly come under fire for supporting crime, however, these supporters point to a comparatively high security standard.

What other currencies are there?

In addition to Bitcoin, there are currently more than 1,000 digital currencies based on a blockchain. The most important examples are Dash Coin, Litecoin and the IOTA.


Passive income through Masternodes
Editor's recommendation: The Masternode Pool Club GetNode is the only provider of its kind. GetNode allows its members to participate in a unique masternode pool that is already over 100 Bitcoin in size. Through active management of the pool and constant purchase of new masters, GetNode has achieved very good results. So who ever wanted a passive income through Masternodes , here is the change. With a minimum of 1000 Euro or 0.2 Bitcoin a quick start is possible. The deposit can be made via Bitcoin or Euro. The payment is made automatically every two weeks via Bitcoin. We are even invested in GetNode with 1.2 Bitcoin and so far we are very satisfied with the results.

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