Posted on: 09. March 2018

Dash

# 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 is Dash?

In 2014, the cryptocurrency Dash was founded, at which time it was still traded under the name XCoin. After just one month, it was renamed Darkcoin and has been called Dash since 2015.

After Bitcoin, the first cryptocurrency to appear on the market, some notable weaknesses of the digital currency needed to be improved upon. As a result, faster transactions and better protection of personal data are key elements of Dash.

Masternodes

A major difference to Bitcoin is the use of so-called Masternodes. Bitcoin is based on the principle that a network of private computers performs all the necessary calculations.

This applies to transactions, the creation of wallets, or other administrative tasks that keep the Bitcoin network alive. Those who offer processing power are rewarded with coins, which is why mining is used.

This mining is also used by Dash but does not handle all the tasks on the network. For the functions PrivateSend and InstantSend, as well as administrative tasks, only the named masterternodes are used.

PrivateSend and InstantSend

In essence, PrivateSend works by blurring individual transactions. It collects, exchanges and finally pays for masternode transactions, regardless of the original transaction sent.

This mixed payout will eventually be encoded in the blockchain. The blockchain is a decentralized accounting system that records all transactions of a cryptocurrency and serves for verification.

This makes tracing transactions more difficult. InstantSend enables instant transactions that skip verification via the mining network.

For this, Masternodes must confirm the transaction. Should a conflict arise in this process, the classic verification method is used.


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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