Bit Dream Academy
Only the most excellent sages, and the most finished minds, are incomprehensible…
What is the Blockchain?
Definition of block chain (block chain) is the one referred to the Bitcoin technology developed by Satoshi Nakamoto, in which the block chain is an integral part of it; A block chain, also known as a distributed ledger The information blocks are linked by hash pointers that connect the current block with the previous one and so on until the genesis block is reached. The blockchain is stored by all those nodes in the network that are kept in sync with it. Each block belonging to the blockchain contains information regarding the transactions related to a period The information contained in each block is registered in the form of a cryptographic hash, which allows easy verification, but makes it impossible to recreate the input data. Bitcoin uses the SHA-256 cryptographic hash function which implies that its hash pointers are of a fixed size of 256 bit. Cryptographic hash: A hash function is any function that can be used to map data of an arbitrary size to data of a fixed size in a reasonable amount of time. The values generated by a hash function are called hashes, hash codes, or simply hashes.
This structure of hash pointers allows you to go through any point of the tree to verify that the data has not been manipulated.
On the blockchain, if someone manipulates any data block at the bottom of the tree, it will cause the hash pointer one level higher to not match, and even if you continue to manipulate this block, the change will eventually propagate to the top of the tree where you will not be able to manipulate the hash pointer that we have stored because it belongs to another structure (blockchain) in which a hash has also been generated using the root hash as input. So again, any attempt to tamper with any piece of data will be detected by simply registering the hash pointer at the top.
Masternode is simply a cryptocurrency full node or computer wallet that keeps the full copy of the blockchain in real-time, just like your have Bitcoin full nodes and is always up & running. But masternodes are considerably different in their functionality than normal nodes.
A node can simply be understood as a computer that plays a part in ensuring the integrity of a coin network. A Masternode is a crypto full node (computer wallet) that supports the network by hosting an entire copy of the coin’s ledger in real time. In return, the Masternode will receive crypto coins as a reward.
Cada una de estas cadenas de bloques debe tener un mecanismo para procesar transacciones que permita que la cadena de bloques funcione.
Masternodes provide the opportunity to invest in crypto coins with the added benefit of gaining additional guaranteed coins as well as gaining exposure to the potentially large increases in value that can enter the cryptosphere and hold crypto coins.
Well, as with any investment, there are risks, and these can be significant within the Masternode world. Since 2018 there has been an increase in the number of master knots and unfortunately This has also attracted a good number of scammers to this space. Therefore (warning). Be very careful with any MN coin, which offers very high ROI percentages: anything in the 300 to 1000% range or higher should really be treated with caution and any coin that is useless should also be avoided early in life.
Masternode is a server with a full copy of the Dash blockchain, which guarantees a certain minimum level of performance and functionality to perform certain tasks related to block validation, as well as PrivateSend and InstantSend, as the privacy and instant transaction features in Dash are called.
Get rewarded from your Nodes
Staking is like being paid interest for holding a coin. All you have to do is keep a certain amount of coins locked up for a certain length of time and you will earn newly minted coins. The length and minimum staking amount differ by which cryptocurrency we are discussing. BitDreamCompany is making staking easier than ever before. Just follow the following steps and start earning coins from your cryptocurrency!
Staking is one way of earning some interest or profit from your coins. You simply deposit them into the wallet and sit them in your wallet and they earn money. It is a popular alternative among people who do not want to trade coins or mine coins with expensive software and hardware and the setup complexities
Get rewarded for hold your coins
The Delegated Proof of Stake (DPoS) consensus algorithm is considered by many to be a more efficient and democratic version of the PoS (Or Proof of Stake) mechanism.This algorithm was created by Daniel Larimer in 2014.
PoS como DPoS se utiliza como una alternativa al algoritmo de consenso de Prueba de trabajo. “The goal of DPoS is decentralized power and ensure that there is no censorship in the inclusion of transactions in the blocks”.
Get rewarded for lock and delegate your coins