I’m hearin “Super-Nodes” from a person I have some faith in - £!3,000 is hitting him £500 per week !
Wossappnin ’ ?
I’m hearin “Super-Nodes” from a person I have some faith in - £!3,000 is hitting him £500 per week !
Wossappnin ’ ?
It could be true so far that you heard it from a person that you some levels of faith in but it is always advisable to start with little worth-able amount of cash.
Nope - He’s not “betting” cryptos at all - He runs a “SuperNode” and people apparently pay him to use his coins - At least I THINK That’s what he’s saying - PASSIVE Income !
I just want to know what anyone knows about these “Nodes” and “Supernodes”
I’d be interested to hear how much your source is getting lately? Sounds like he’s running a node for a proof of stake coin, but I got the impression returns are pretty modest for doing that.
Possibly. - The question I saked is what is a “Node / Supernode” ? and how do they work ?
If you buy something with credit card you send the transaction on say the visa network.
We trust visa to keep a database of valid transactions and pay them transaction fees to use their network.
In crypto, transactions are sent over a decentralized network.
There is no central server but many nodes running the software.
Anyone can run a node and everyone running a node IS the network.
However what if one of the nodes is a bad actor and tries to relay a fraudulent transaction?
Each cryptocurrency has a mechanism to reach consensus among nodes when conflicting transactions appear.
So when you run a node, sometimes you can get paid for verifying transactions.
With proof of stake you use your coins to kind of vote/stake on valid transactions and earn transaction fee’s/rewards for verifying transactions.
TLDR
Thing is, there are tons of different coins with different payout mechanisms.
I assume that “SuperNodes” refers to the coin in question’s staking type node.
You still deposit crypto and earn passive income in crypto.
So unless you have a way to hedge, price fluctuations can change your earnings.
Just wondering, whether investing on crypto coin now still become a reliable investment for future, because I have seen currently, the value of bitcoin and another cryptocurrency on weakness which price bitcoin and another crypto coin having tendencies to bearish, I am skeptic for invest on crypto coin right now