update 15 November 2020

Top 10 Most Convenient Staking Pools and Masternode Platforms

Crypto adoption is slowly taking over as more digital assets emerge. Trading volumes are also increasing as days go by while users opt to trade with the modern financial system. Further from that, venture capitalists have become more eager to secure an adequate income with cryptocurrencies.

The Advent of Proof of Stake (PoS) Currencies

Trading cryptocurrencies is both challenging and tedious, with many complexities involved. Since the introduction of Bitcoin in 2009, crypto mining has been the primary income source among crypto enthusiasts. However, crypto mining comes with many challenges, including excessive energy costs, vulnerability to cryptojacking, and centralization of the mining process. 

Nonetheless, the advent of Proof-of-Stake (PoS) digital currencies has created a means in which investors and crypto enthusiasts can profit off the crypto space without the technicalities involved in crypto trading. As such, staking pools enable investors to earn passive income by validating blocks and receiving rewards. Investors combine their staking power and share the block rewards proportionally according to the member’s contribution. 

Brief Overview of Nodes and Masternodes

In addition to staking, masternodes also enable investors to generate consistent income in the crypto space without much work. Masternodes, also referred to as full nodes, are superior nodes on a blockchain network that are offered more capabilities and privileges than regular nodes. Masternodes carry out several functions in a blockchain network, including validating transactions, updating the network, and providing an additional network security layer. 

While masternodes earn a substantial share of the network’s block reward, they require massive investments in coins to operate. Most people can’t afford to run a masternode. However, there are ways you can still invest in a masternode, such as running a shared masternode, joining a masternode pool, or staking via a third party staking platform. 

Understanding the meaning of nodes and masternodes will give you an in-depth insight into its significance to the cryptocurrency network.

Masternodes are servers that are responsible for running and monitoring the actions of a blockchain. Other than that, masternodes participate in the verification of blocks and transactions across an ecosystem. Therefore, the servers operate on the internet most of the time and link with other nodes to oversee some blockchain work. 

It is important to note that nodes and masternodes differ from each other as masternodes place some amount of money to qualify for their duties. The fee a user stakes to become a masternode ensures an authentic working environment in the blockchain network as any form of misconduct could lead to loss of the staked fee.

On the other hand, nodes engage in basic tasks, like creating new digital coins for a certain platform. However, several factors affect the amount of income an investor can secure, including the type of digital currency platform, payment durations, and many more.

Staking Pools and Masternode platforms offer convenient and affordable staking and masternode services, enabling investors to earn passively in the crypto space. Here are the top 10 staking and masternode platforms you ought to try.  

10 Best Masternodes and Staking Platforms

  • MyCointainer 

MyCointainer is perhaps the most comprehensive and beginner-friendly staking and masternode platform. MyCointainer is a simple one-in-all platform that allows users to choose the best PoS and masternode coins and get staking rewards from staking multiple crypto coins simultaneously. The platform also features advanced automatic Masternode staking for selected PoS coins. Users can choose to stake coins from a wide range of cryptocurrencies with new assets added every week.

MyCointainer doesn’t have an investment limit, and users can buy their staking coins directly exchanges using fiat currency. In addition to staking and masternode services, MyContainer offers users additional means of growing their investments, including power subscription plans, daily bonuses, airdrops, and giveaways. 

  • P2P Validator 

P2P Validator offers highly available & secure, non-custodial staking services. The platform helps investors compound their cryptocurrency investments by taking part in staking. Investors can stake a wide range of PoS coins, including XTZ, ATOM, and KAVA, and manage their whole staking portfolio from a single dashboard. The platform can be linked to a Ledger device where users can stake and claim directly from the hardware wallet. Users can also calculate and compare their income, see their projected earnings, and the expected annual yield as a gross percentage using the live buttons. 

P2P is ideal for large stakers with over $500k in the crypto stake. The platform offers the highest security, support, and governance insight to protect users’ assets and generate maximum returns.

  • Dokia Capital

Dokia Capital offers world-class crypto staking, where users delegate their assets safely on the platform and automatically start to earn staking rewards as the platform generates new blocks. Dokia Capital is non-custodial and does not control or manage users’ assets in any way. The platform features a dashboard that displays all the relevant data needed by users to make profitable decisions regarding their assets. 

Dokia Capital is reliable, secure, and guarantees 99.982% availability. The cumulative number of staked assets stands at $98,247,921, trading on a secure network that safeguards itself against layer 3 and 4 DDoS attacks.     

  • Staked 

Staked is another excellent staking platform that enables investors to earn returns from staking and DeFi while still fully controlling their private keys and funds throughout the staking and lending process. The platform has been a leading staking and lending partner for crypto exchanges, investment funds, wallet providers, custodians, and projects. Staked supports staking across 30+ assets with 15+ more coming soon. The staking platform employs custom software to optimize rewards based on the unique dynamics of each chain or protocol it supports. Staked is reliable, secure with broad asset coverage and optimal rewards.  

  • Simple PoS Pool 

Simple PoS Pool is a comprehensive staking and masternode ecosystem that makes staking quite simple and straightforward. The platform is among the most significant shared masternode services that allow users to stake with various coins individually or join a staking pool. The benefit of joining a staking pool on the platform is that coins in a masternode receive a higher stake quickly. Simple PoS Pool is among the best masternode pools with lucrative returns. 

  • Everstake  

Everstake is another exceptional staking and masternode platform ideal for institutional investors and regular crypto stakers. The platform supports staking involving a wide range of PoS coins, including Cosmos, Tezos, and ICON. ROI ranges from 5-20% annually. What’s more, the platform allows you to stake PoS coins without having to run a masternode or joining a staking pool. 

  • Allnodes  

Allnodes is another modernized non-custodial staking protocol hosting over 7000 nodes. Like other masternode services, Allnodes doesn’t have any control over your funds since a wallet address is the only requirement for staking services. Hence, rewards continue to mature as long as the coins stay in the user’s wallet. 

The staking protocol further supports hosting of masternodes and full nodes and brings along a multilayered monitoring system that allows your node to stay online throughout. Monitoring your nodes’ status is made easier courtesy of the Allnodes Bot, displaying Telegram and Slack’s performances.

  • StackofStake 

StackofStake is another unique staking platform that accommodates various features like digital currency exchange, mobile apps, shared masternode pools, and much more. All the coins available on the stakers’ wallet are automatically included in the masternode pool; therefore, there is no minimum or maximum deposit amount preferred. 

Income generation largely varies with the type of cryptocurrency and is circulated immediately after the masternodes increment. Furthermore, the deposit and withdrawal periods take less time to process, usually within less than 20 minutes for both operations. The platform deploys effective security measures like 2FA as StackofStake’s objective of safeguarding stakers’ funds is enforced.

  • Flits Wallet 

Flits Wallet is a decentralized application integrating masternodes and staking for all passive income earners. The primary objective for creating the Flits Wallet is to ensure fast and flexible staking functions while having a storage option for your assets. In that case, the dApp holds a top place among many staking platforms that are in the market today. 

Granting you a wide variety of staking coins is one of many functions of the fantastic wallet. You can host masternodes and have them with you anywhere you go. Furthermore, the wallet provides spending and swapping services. 

The all-inclusive staking platform utilizes its native token, Flits Coin (FLS), as the power behind its ecosystem. Moreover, FLS is available for staking activity and offers a high ROI. Currently, its listing is on several notable exchanges, including Stex and Birake.

  • HashQuark 

HashQuark offers secure, stable, and convenient crypto staking ideal for institutional investors. Staking on HashQuark is reasonably easy and straightforward. Users are required to delegate their tokens to HashQuark supernodes and seamlessly gain rewards. HashQuark features a 24/7 customer care service providing users with real-time updates of their operational nodes. 

Better yet, HashQuark features Staking Cloud-a comprehensive service that allows users to participate in staking by cloud computing. Users can deploy their nodes on any mainstream PoS blockchain with a single click-no technological understanding required on the platform. The platform also features an automated watching over a system that helps users securely and efficiently run the nodes without network upgrades and maintenance challenges. 

Final Word

Staking pools and shared masternodes platforms provide an efficient means of passively earning in the crypto space. You need to delegate your funds to a third party and receive lucrative returns on investment. The staking and masternode platforms discussed in this article have a good track record and have established themselves as trustworthy platforms with outstanding services. 

Earning through staking is shifting the financial focus immensely as mainstream staking platforms continue to develop. The fully automated services stand at a better chance of receiving more stakers considering that the system will perform every activity required. Furthermore, most platforms handle the security issue with caution to avoid any loss or theft an investor may witness.

Btc
Bitcoin
$47.537
price
1.1888%
price change
BUY NOW

The protocols highlighted above are just but a few; however, whatever road a venture capitalist wants to go with is the most important thing. Either way, staking seems a profitable option to think and research about before engaging with any protocol. 

More posts

Historical Hardfork Events Every Crypto Enthusiasts Should Know About

Blockchains have been gaining attention since the history of crypto. The highly advanced systems help decentralize and streamline financial systems globally. As the blockchain systems grow, investors start noticing issues and propose an upgrade. However, for any upgrade to occur, blockchain requires the consensus of all participants. If there is no consensus, two factions with opposite ideas may form. The developers may choose to go ahead with the upgrade but maintain the status quo in the original chain. At that point,…

Future Crypto Events that we Should Look Forward to

The crypto world is growing at an interesting rate, with new projects coming up every other month as solutions to the financial world. For that, people around the world hold annual events to celebrate crypto progress while at the same time discussing the future. Top industry experts and project developers often organize these events inviting reputable people in the fintech industry to offer ideas and opinions on several topics about cryptocurrencies. Some of the events occur annually, while others are…

Understanding Cardano’s Non-Interactive Proofs of Proof-of-Work

Cardano, the fifth-largest cryptocurrency by market cap and soon to be the second-largest Dapp center, is one of the unique blockchain technologies of 2021. In addition, Cardano has a native coin named Ada, performing very well in the crypto markets.  However, Cardano as a network adopted a sidechain system, where the network runs two blockchains. The original blockchain, the Cardano settlement layer(CSL), deals specifically with powering the Ada currency and other settlements done with Ada. It leverages POS to release…

Understanding How ADA Delegation Rewards are Calculated

Founded by Charles Hoskinson, Cardano is a blockchain platform seeking a decentralized application (DApp) development platform. The Cardano platform runs on the Ouroboros consensus protocol. In addition, it leverages the Delegated Proof-of-Stake (DPoS) consensus mechanism meaning that users can delegate their ADA to other pools to be staked and earn rewards.  The two primary ways ADA coin holders can invest and earn rewards on the Cardano blockchain include; running their own stake and delegating their ADA to a staking pool.…

5 Unique Features of Proof-of-Stake Crypto Projects

Ironically, decentralization, one of crypto assets' vital features, is a potential Achilles heel too. Eliminating third parties from transactions enables peer-to-peer exchanges. However, the absence of a third party also creates loopholes for double-spending by mischievous parties. It's for this reason that networks agree on specific consensus mechanisms. They are the rules and procedures that all devices in a network follow in confirming that certain blockchain transactions are correct. They also help in protecting the network against malicious activities, thereby…

Understanding the Crypto Reset Time

Humanity hangs in the balance as the deadly Coronavirus affects various sectors, including healthcare, manufacturing, finance, and many more. Since the beginning of the outbreak, governments and citizens have had to adopt a new lifestyle that involves quarantine and social distancing practices.  To offset the current pandemic situation, global stakeholders at the World Economic Forum came up with a radical solution known as the Great Reset, which aims to change the global economy. The meeting, which took place in June…

Common BTC Price Chart Patterns Every Day Trader Should Know About

For several years now, market patterns have been used by expert crypto investors to maximize incomes. They do this by knowing the right time to enter the market. Crypto investors have also been beneficiaries of market chart patterns, with some identifying a position of great prospect and investing.  Being the most popular asset with the highest volatility rate, Bitcoin has shown many different market patterns that can help investors maximize incomes. So what are the most common patterns in the…

How to Minimize Risks When Trading Digital Assets

The cryptocurrency revolution is moving full-steam ahead with increasingly global acceptance. For instance, India has seen its residents invest over $6.6 billion in crypto assets in May 2021. That figure is even more impressive when we discover that it grew from nearly $923 million in April 2020. Today, trading in digital assets is no longer available only for a handful of geeky investors worldwide. Instead, many see the rise of DeFi and the increasing popularity of cryptocurrencies as a unique…

Scenarios When the Value of Bitcoin Could go to Zero

There's no doubt that bitcoin is the most valuable crypto asset of our day. According to coinmarketcap, when writing this, the price of Bitcoin was around $31k. Even more, the market cap was almost $600 billion, twice the value of the second largest crypto asset. Bitcoins market capitalization is larger than the value of the first ten altcoins combined.  Expert analysts have predicted that in the future, the prices of bitcoin could increase to about $300k. Looking at the past…

Cryptocurrencies vs. Fiat Currencies; Which One is Greener?

Money oversees the majority of activities individuals intend to fulfill in their daily lives. By taking coins or paper money, fiat currencies can operate as legal payment tools regulated by a government. Cryptocurrencies began to feature in the market more than a decade ago to replace the traditional financial system with an advanced mode of transacting. Despite uplifting most users' lives and living standards, digital and fiat currencies portray specific impacts in the global environment. Generally, the environmental conservation topic…