Get to Know the Bulwark Masternode
Unlike most crypto coins, Bulwark places the accent on the privacy factor. This is strongly related with the allowed usage of The Onion Router (TOR web browser) which hides your IP and thus prevents the tracking of the data flow. The Bulwark masternodes and wallet are completely functional on the TOR network. In a matter of fact, Bulwark is the only cryptocurrency project, which is working towards a TOR masternode hosting available for the average user.
In the Bulwark network, masternodes are forming a decentralized web of computers that supports and maintains the system. In exchange, they receive monetary rewards. They are contributing by processing transactions, stabilizing the coin supply and improving the network’s functionality. The more coins you have, the higher your Hashrate power will be, increasing your chances to receive consistent incentives.
How to Make Money From Bulwark Masternodes
In Bulwark, the block reward is split between masternodes and stakers in a ratio of 65:35%. After the governance goes live, the plan is to reduce each side with 5% and leave that 10 % to be used by the founders and the development team for future needs and improvements. At present, around 56.45%(7,705,000BWK) of the total coins in circulation are locked by masternodes. Bulwark is striving to keep the balance between stakers and masternodes because without their perfect symbiosis everything may go south quite quickly and that may result in significant losses.
Bulwark Masternode Setup
MINIMUM REQUIREMENTS
Requirements for setting up a Bulwark masternode:
- Purchase the needed 5000 BWK from an exchange and transfer them to your Bulwark masternode wallet address, check Crypto-Bridge
- Download the official wallet
- The VPS needed for you masternode, must have at least 1-2GB of ram and 10GB disk space
- You will need a dedicated static IP for your VPS
- linux
- wallet
- chaincoin
How to Set Up a Bulwark Masternode Step by Step
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Setup your VPS. You should pick a VPS service that matches the requirements.
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Security Shell (SSH) software is needed to configure your VPS. The best fit compatible with Windows is Putty, and for Mac – Terminal app.
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Install the official wallet. You need to do it on your VPS and on your main computer, wait a bit to synch with the network and create a masternode address in your wallet.
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Send the exact amount of 5000 BWK to the masternode address and configure the masternode settings.
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Check if the VPS and your wallet computers are properly synced. Start the masternode.