Posted on: 08. May 2018

On-Ledger Currency

# 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 - (

What is an On-Ledger Currency?

Each cryptocurrency is also an on-ledger currency. This is because it is stored in a wallet. This can be either an online wallet, a software wallet on your own computer, or a hardware wallet.

This means that such digital currency does not exist in any physical form. Consequently, there are no coins or banknotes, only digital codes. Any state or private guarantees and assurances are excluded. There is also no equivalent in gold, as is customary for some national currencies, which eliminates all controls by private or cooperative banks.

Furthermore, no control measures by the state are possible, which does not in any way relieve tax liability. In case of ambiguity, the tax office should be consulted. Even if no direct control is exercised, every financial transaction is verifiable. Here too, the principle is that ignorance does not protect against punishment.

Security of On-Ledger Currencies

In principle, there is no total security for any currency and this is the case with digital currencies. A currency is generally considered safe as long as it is accepted. When comparing individual types of wallets, the online wallet is the most vulnerable and the hardware wallet is the safest.

With regard to the various cryptocurrencies, Bitcoin has the highest acceptance, followed by Ethereum. The development of hundreds of alternative digital currencies remains to be seen. For the time being, only easily-accessible money should be 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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