Posted on: 16. April 2018

Ethereum

# 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 Ethereum?

Ethereum (ETH) is a blockchain that allows remote programs (DApps) and smart contracts to run. Ethereum is the alternative to the established client-server architecture. In order to be able to make payments within the system, the ether token must be used.

All payments are checked and verified by nodes within the network. In addition, Ethereum is currently the second largest cryptocurrency behind Bitcoin.

How does Ethereum differ from Bitcoin?

Ethereum must be distinguished from Bitcoin as it is not a traditional token, but a platform with its own token. The platform is mainly used to emulate DApps and Smart Contracts. The smart contracts are seen as the biggest advantage of the system and can be subdivided into e-voting programs, virtual organizations, crowdfunding and identity management systems.

In addition, the use of a central server is dispensed with and a peer-to-peer network is used instead. Here all participants of the P2P network use the same database – the blockchain. In order to successfully act as a node in the ETH network, ETH clients are required first. These synchronize with the entire network and download all completed transactions.

Then the mining can be started within the network.

How are the tokens stored?

To store the tokens, a wallet is required, which is compatible with the token. By using the proof-of-work algorithm, new tokens are currently being mined. In the future, this will be replaced by a proof-of-stakes algorithm.

When mining the token, an arithmetic operation has to be performed which allows the hashing of new blocks. After the successful completion of a block, users receive a reward in the form of ether tokens.


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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