MASTERNODE

Why Run a Masternode on OZEETY Blockchain.

Let’s started to define quickly what it is.

A masternode is a special network nodes that run wallet software on the blockchain and offers a number of advanced features and advantages not available with other cryptocurrency wallets. To resume we can describe masternodes as the “parents” on the network. They provide some structure and order.

Technically speaking, masternodes are a series of virtual private and secured servers or bonded validated systems. They control a cluster (block of nodes) within a blockchain’s network.

Masternodes investors should earn passive and significant rewards on a routine basis for every block. When you invest in a masternode prior to a coin’s trading, you should anticipate substantial earnings.

Masternodes are an alternative to mining. Not everyone has the computing power or technical know-how to mine or be a forger, but anyone can own a masternode.

Some advantages :

Passive income and rewards

Voting rights

Enable a treasury system in the cryptocurrency market

Special features on the core wallet

How to Own an OZEETY Masternode ?

You must download the wallets HERE and follow the tutorial video HERE or follow our previous posts on Medium.

You also need to lock 10 000 OZTG/Masternode, reach the support at support@ozeety.com if you need assistance or join our dedicated Discord Channel HERE.

Own a Masternode before the coin start public trades is the best strategy for a person willing to get involved in cryptocurrency or even for people specialized into the area.

Ozeety blockchain uses hybrid POW and POS, now the blockchain already fulfilled the POW stage and his using POS consensus. In this protocol Miners are now called Validators, they own OZEETY coins and they made a deposit or “stake” some of their OZTG coins into the network as collateral to vouch for the contents of a block. In return, they will receive a reward based on the table below.

OZTG SPECIFICATIONS

“Staking” coins mean that you are holding coins in your wallet and keep your wallet connected to the blockchain network 24/7, in hopes that you will be randomly selected to validate a block and to receive the block reward for it.

The chance for being selected increases based on the age and the number of OZTG coins you hold. These two factors determine your staked coins weight against the network’s weight. So, for example, someone holding 20,000 OZTG would have double the chance of being chosen to validate the block, than someone with 10,000 OZTG. However, the chance of you earning a reward is still random, which is why the time to earn a reward is “expected”, and not guaranteed. The randomization makes sure that the node with the highest holding doesn’t automatically get all the chances.

Stay tuned!

FLASH GROUP support team

Best regards