What are shared masternodes and how do they work?

You may already know what are masternodes, is not it? Maybe it's still a little complex for you? Or maybe, as is often the case, you find that it's a bit expensive for you?

We may have the right solution for you: the shared masternode.

So here is an article that explains how the shared masternode works. We have chosen to explain how it works via the site " 2 Masternodes " because that's the one we mainly use.

If you don't want to worry about the sometimes tedious installation of a masternode, it must be said that these sites are godsends for both the novice and the experienced.

With shared masternodes, it is possible to participate in a masternode in just a few clicks without having to know how to create one and without having to purchase a VPN plan or other. Really, we tell you again, it’s a godsend!

2Masternodes is a fully automated masternode sharing service. In other words, it is a shared masternode. From the user's perspective, it's as simple as sending a transaction to a wallet and waiting for its earnings. This is why we say that a masternode is the royal road in passive income in cryptocurrency.

Why choose shared masternodes?

Before using 2 Masternodes, you need to know what a masternode is. Simply put, a masternode is a server on a decentralized network. There are two main reasons for the popularity of shared masternodes:

This avoids manual configurations that are sometimes too technical. The shared masternode is a bit like cloud mining to personal cryptocurrency mining. This allows you to participate in masternodes easily without getting your hands dirty, so to speak.
This reduces the amount to invest. As you know, participating in a masternode can be very expensive. Indeed, you must have a certain amount to store. However, with the shared masternode (this is the very principle of sharing), you divide the number of tokens between several other participants.

We remind you why the masternode is so popular today. Particularly by people who are looking for a way to invest intelligently and easily. Unlike other investments in cryptocurrencies, you get your initial investment back. Basically, you have the earnings and interest of your amount and when the masternode is finished, you also get your stake back. That's just great, isn't it?

Likewise, we will add that masternodes are also very good in terms of the environment. While the mining of bitcoin and other cryptocurrencies is very polluting, the masternode is not very polluting or only slightly so. Indeed, it is based not on proof of work, but on proof of stake. It is therefore, not by exploiting hardawre that we create money, but by showing interest (sorry if the explanation is a little vague..).

2Masternodes statistics

2Masternodes keeps an up-to-date list of crucial statistics on the site. At the time of writing this article, there are 2011 co-owners, 430 masternodes and a total of $52 has already been paid out. You can also view specific statistics for different masternodes. At the time of writing this article, for example, the PAC masternode had 000 co-owner participants with 345 nodes and $345 was paid out between participants.

How do shared masternodes work?

2Masternodes allows anyone to buy a masternode share or masternode with just a few clicks. No registration necessary. The only data stored will be your wallet address. Service fees are charged from masternode rewards. There are no additional charges.

The generation of a masternode is completely anonymous and transparent. You can monitor service operations through the blockchain explorer which displays information directly on the screen.

2Masternodes is the first ever fully automated crypto-masternode hosting service. That's why we like him again. You can choose to purchase a full masternode or just part of it. No payments are required for hosting, and everything happens automatically, including creating and syncing masternodes. 2Masternodes will automatically configure your server, then download and sync the blockchain. It then automatically distributes the rewards that the masternode gets for the work to the co-owners of the masternode based on the percentage of assets invested. The more you invest, the more you earn. It's logic.

Open a specific wallet

To use 2Masternodes, you must have a complete wallet designed for your chosen cryptocurrency and allow access to your private keys. You should not send your tokens from an exchange platform. This is really important because if you do this you won't receive your tokens!

Regardless of the wallet you have chosen, 2Masternodes advise users to opt for an official wallet with the full blockchain, in order to guarantee maximum security as well as control of private keys. For example, if you want to enter a GoByte masternode, you must first install the GoByte wallet. GoByte.

To use 2Masternodes, you must invest at least 1% of the masternode. If you send less than this, your investment will automatically be returned to your wallet. In terms of payment, the minimum payout is set at 0,5 coins. In the case of rewards less than 0,5 coins, you will have to wait for accumulation to be able to recover your winnings.

How to participate in 2Masternode?

A deposit is always required to start a masternode. When the masternode is closed, the deposit is returned to the investor.

Here are the steps (simple to follow):

Find the masternode that interests you most.
Choose the amount you want to invest.
Go to the token website and open the token wallet.
Buy the number of tokens requested for your masternode.
Send the number of tokens requested to the displayed address of 2Masternode.
So! Your masternode is done. you just have to wait for your winnings every day.

Note: you can also - if you have the means - buy 100% of a masternode.

2Masternodes fees

2Masternodes charges a 10% service fee. This is only charged when you receive your masternode rewards. This is done automatically and the 10% is taken directly from your winnings.

The security of 2Masternodes

2Masternode makes security a high priority, requiring no registration and only storing data in the form of a wallet address. As mentioned, the masternode generation process is transparent and anonymous. Because transactions are public, users can monitor service operations. Additionally, 2Masternodes complies with industry standard security solutions and includes multiple layers of protection.

Each masternode runs on a single virtual instance on Digital Ocean or Amazon Web Services. There is no direct IP access to this instance, and even interactions between nodes take place through dedicated Elastic Load Balancers, so the real IP address of the current node is hidden. No fear of being hacked!

Additionally, there is no external Internet access for critical system components, including the backend that controls incoming funds. All these critical pieces are instead hidden in AWD in virtual private networks. 2Masternodes additionally continuously monitors for vulnerabilities, including those discovered in packages used by the backend. This stops breaches that use long-known vulnerabilities.

Conclusion on shared masternodes

2Masternodes makes it easy for people to own a masternode. The system takes care of everything automatically, allowing you to make your investment in just a few clicks so you can start earning rewards. With 2Masternodes, it is possible to own a full masternode or part of a masternode, making investing in masternodes more accessible to as many people as possible. The system has extensive security measures and has been designed to be simple to use.

Basically, it's really ideal if you're looking for passive income with cryptocurrencies.