Since you’re on this website it means you are interested in Masternodes, don’t you? Well, before you start with your shopping spree, you should look at the most respected Masternodes out there. Before we continue, I want to remind you that this isn’t a financial advice and investing in cryptocurrencies is risky.
Dash
What is Dash Masternode?
Presenting you the Dash. The “OG” of Masternodes. You can’t invest in a Masternode without first reviewing the DASH one. This one is the pioneer who introduced Masternodes to its network. So, as the very first project with implemented Masternodes, you might observe a piece of it in every other following project.
What are the features of Dash?
- InstantSend – a feature which allows near-instant transactions. Your coins get locked in a specific transaction and after a consensus has been imposed by the Masternodes in the network, your transaction gets broadcasted to the network and validated instantly.
- PrivateSend – a coin-mixing service which possess chains with multiple restricted Masternodes for the purpose to accept certain amounts like 0.01 DASH, 0.1 DASH, 1 DASH, 10 DASHes, etc. This implementation adds privacy to transactions by combining identical inputs from multiple users into a single transaction with several outputs.
Imagine throwing 100 quarters in a box, mixing the coins and giving a random quarter to someone. You have no idea about the coin’s origin or history.
- Governance – Dash was the first to introduce a Decentralized autonomous organization (DAO) which basically means a consensus in the network’s changes and funding development of the Dash ecosystem.
Each Masternode operator receives one vote per proposal. These operators are eligible for funding, according the following formula (Yes votes – No votes) > (Total number of Masternodes *0.1).
After the submitter has enough support, the network will automatically pay out the required funds in the next super block, which happens once per month.
- Multi-Phase Fork (Also called “Spork”) – a mechanism developed by the Dash team, designed to safely deploy new features to the network through network-level variables to avoid the risk of unintended network forking during upgrades.
Imagine it like a “switch” which turns on and off certain features in case a security vulnerability has been discovered.
Right now, 1 masternode is worth around $159,000 less than $1,549,000. So, if you want a Dash Masternode, now is the time to snatch one up. You would need 1,000 DASH coins as a collateral.
1 Dash = $159
There is so much more about Dash, but the goal of this article is to give you a small overview of the projects. If you want to learn more about it, you can head on to www.dash.org and make more detailed research.
PIVX
The good old PivX. This is one of the coins that gave birth to most of the altcoins/shitcoins with Masternodes included. If you go to their GitHub page, you’re going to notice that the project has been forked more than 20,000 times. You might imagine how many coins are born from the Pivx.
What is PivX Masternode?
It’s a fork from the Dash (how ironic) but instead of focusing on mass adoption, they’ve decided to target privacy and then on mass-adoption. Compared to Dash, you can either stake or set up a Masternode on the network.
What are the features of PivX?
- Zerocoin protocol – A feature which provides full privacy to a user’s transaction. When using it, you transform your normal Piv coin to a zPiv coin (Anonymous Piv coin) which can’t be traced based on history or destination.
- SwiftX – Pretty much the same as InstantSend on the Dash network.
- DEX – A decentralized exchange on the Pivx network which will allow you to trade almost any coin without creating accounts and paying ridiculous fees for trading process or when you want to cash out from an exchange. Everything will be done through the wallet as a built-in function. Transaction fees collected through the DEX will be given to Masternode operators.
- zPoS – Pivx uses a new consensus mechanism called zPoS providing dynamic rewards based on which the staking node finds the next block. Also, stakers which are staking zPiV instead of normal Piv receive additional reward for supporting the new feature.
Right now, 1 masternode is worth around $11,500 less than $137,000. So, if you want a Pivx masternode you can buy one, knowing that you’ve got it on a huge discount. You would need 10,000 PIVX coins as a collateral.
1 PIVX = $1.15
There are a few more features on the network but we won’t go into detail in this article. For more information visit pivx.org and DYOR.
Horizen
Zencash has just rebranded to Horizen and recently became the masternode coin with the highest number of nodes in the network. This is partly due to the introduction of the Super Nodes, which essentially are masternodes. It’s just like the Secure Nodes before them, but with raised collateral amount from 42 to 500. Super Nodes also require more computation power to be able to complete the challenges on the network and acquire rewards.
What is Horizen Masternode?
It’s a privacy-oriented platform with protocol-level solutions for sustainable funding. The main goal is to build a private and secure blockchain, using the latest advancement in technology, related to complete control of the digital footprint.
What are the features of Horizen?
- zk-SNARKs – As a privacy-oriented platform, built on zero-knowledge Succinct Non-interactive Arguments or also known as zk-SNARKs technology with a masternode structure, called Secure Nodes. In addition to that, its architecture includes end-to-end encryption at node and internode stage.
- Shielded transactions – fully encrypted transactions which can be verified under the network’s consensus. Completely untraceable sender, receiver and amounts hidden on the blockchain.
- Decentralized governance – no central authority and everyone has an equal right when it comes to decision making, eliminating single point of failure by making the network more resilient. Stakeholders can participate in the governance creating an environment which is less susceptible to a third-party influence.
At the time of writing, one Secure Node is worth around $809 and one Super Nodes costs about $9,634. As mentioned earlier you will need 42 ZEN for the one Secure Node and 500 ZEN for owning a Super Node.
1 ZEN = $19.26
If you’re willing to get some more information about it, dig deeper on the horizen.global .