NEWSFLASH!
Titanium Blockchain will include the use of Proof-of-Stake Masternodes! oh man, i love masternodes:-) really great to hear.
I'm sure some will ask again for the source of this information, so here it is, twitter, easy as can be:
https://twitter.com/TBISINC/status/960889374857617408 Wow, that is really good news. So I assume there will be a token swap in order to get the coins of the new blockchain, right? Will be interesting to see how many coins we need to set up a masternode.
I have bought some titanium tokens but i am not aware of how this masternodes work!?
Can someone please elaborate me what exactly is this? it's like mining let's say but with different parameters?
Masternodes tend to require a VPS and Static IP, as they are expected to be available for handling tasks that a normal wallet won't handle in some cases encryption, or mixin processing but each chain seems to use them different and have different requirements. One thing is for sure the same across all chains though, they don't tend to be cheap, as they normally require you to have a certain amount of tokens to put in escrow while your running, most small chains start in the 2-10k$ range, but they normally have a great ROI.
Look forward to more info to hear how titanium will be utilizing them, i imagine in some form they will act as hub nodes for the various platform parts.
Thanks a lot phantam
Nice explanation
Some questions that came up to me from your answer,
1. Can you please post, if you know of course, some examples of already active Proof-of-Stake token and their needs for Masternodes
2. " most small chains start in the 2-10k$ range" those k$ you mean worth in titanium tokens or the cost of a server/service?
thanks
Dash is prime example of masternodes. You need 1000 Dash - when it was only $0.21 in 2014 that would have been $210. Now you need $500,000 which is a lot but if you bought at $0.21 price then now you could be earning 11% a year or $55,000 a year.