DELEGATED PROOF OF STAKE (DPoS)

Delegated Proof of Stake (DPoS for short) is a blockchain consensus designed with maximum decentralization and engaged users.

It was created as a direct response to the energy use of Proof of Work (PoW) cryptocurrencies and their tendency toward centralization. Users use their stake of coin to vote for Witnesses and Delegates (Some cryptocurrencies have one or the other or both) that govern the blockchain.

Witnesses essentially are trusted validators of transactions that as awarded for every transaction. This also creates network stability as missed blocks are automatically processed by the next Witness. Witnesses cannot change the content of transactions, and any malicious behavior is immediately handled by voting the Witness out of the position. If a Witness proves to be a unreliable validator and not having stable uptime, they can also be voted out of their position. Waiting in the wings are a large group (usually without limit) of backup witnesses looking to step into the limited active Witness slots to ensure the network continues to transact without instability. Backup witnesses are also compensated but at a much reduced rate than Active Witnesses.

Meanwhile Delegates are voted into power the same way Witnesses are however they are not responsible for validating transactions (and thus not paid) but instead are responsible for pushing changes to the blockchain covering things like transaction fees, witness pay, block intervals, block sizes, and other network conditions.

When a change is proposed by delegates, the network is allowed to vote on the changes to the network and the delegates themselves. The voting ensures that both Delegates and Witnesses are incentivized to act in the best interest of the network or risk reputational or financial loss. This makes DPoS unique in that every user's voice can be heard through the voting process when witnesses and delegates validate or change the network.

Unlike PoW where small miners cannot affect the network unless they gather together in large pools of miners which leads to further centralization of consensus and makes the network far less secure.

PoS likewise excludes the smallest of stakeholders from influencing network changes unless you reach a certain threshold which is largely undemocratic.

Proof of Stake

Proof of Stake (short-handed to PoS) is a blockchain consensus method originally intended to create an alternative to Proof of Work (PoW) which uses intense computation of mathematical puzzles to validate transactions and draft new blocks. Staking allows miners (known as Stakers) to create a fully distributed blockchain based around the random selection and length of time of a locked set of coins known as the Stake to validate transactions and create new blocks, rewarding users for holding coins in their wallets at predictable if somewhat random rate.

Another benefit of PoS over PoW is that it is energy efficient, only using enough energy to run the wallet software and the network connection to it instead of high intensity mining hardware designed to compute the puzzles that validate transactions in PoW. PoS only allows the staker to gain a percentage of the total amount of coins staking at that moment. For example, if you stake 10 coins and the total network has 100 coins staking then you would be rewarded for approximately 10% of the transactions in the network. The specifics of the amount rewarded differs from cryptocurrency to cryptocurrency, some coins will have an escalating series of rewards based on the block height (number of blocks transacted) whereas some coins will have a fixed interval over the life of the network. This creates a predictable rate of interest for the staker as well as the inflation rate of the coin as the network ages and gains maturity making it a popular choice for users who want long term cryptocurrencies that they can hold and help incentivize securing the network.

Additionally, because it is possible for even the smallest (although statistically unlikely) stakes to generate rewards this creates a much more egalitarian and fair distribution model as more participants in the network can be incentivized, this creates a stronger, more decentralized, and secure network. This is especially when compared to other consensus algorithms such as PoW where large spikes in mining difficulty can effectively remove small miners from the network due to infrastructure costs of running mining equipment far outweigh the ability of miners to generate revenue.

However Proof of Stake isn't without it's criticisms, many experts on blockchain argue that PoS creates an incentive for "Fake Stake" attacks in which poorly written or secured code can have negative repercussions on the network by allowing bad actors to essentially fake the size of their stake to generate rewards.

Another criticism of PoS is the inflexibility of transacting coins when staked in a wallet, unlike PoW where puzzles are solved by dedicated hardware and coins can transact freely. PoS requires coins to be locked often for long periods of time in order to generate rewards for the user for validating transactions. This has the plus side of making the network and often the price very stable but often at the expense of market volume and liquidity.

Delegated Proof of Stake (known as DPoS) attempts to address some of these concerns by adopting a model of trusted nodes called "Witnesses" that help secure the network from bad actors.

STAKECUBE - the shared masternode and POS pool

POS or Proof of Stake coins are growing more and more popular but a lot of people cannot afford to own enough coins to get a reasonable return or own their own Masternode. For the uninitiated, POS is where you hold your coins in wallet and 'stake' them and receive extra coins as a result. This can be quite profitable, but of course the value of a coin can itself decline as well as go up.

StakeCube is a POS Pool, probably the most user-friendly of all of them and have some unique POS pool benefits for being early adopters.

You can signup here

The benefits of staking in a pool is that you do not have to keep lots of wallets open 24/7 saving on electricity and you can benefit from higher rewards than if you staked alone. You can even stake small amounts of coins and benefit from being in a large pool.

You don't have any coin to stake? No problem, there is faucet features in StakeCube that you can claim some coins and automatically staking after your claims.

StakeCube taking 3% fee (from Stake profits - you never pay anything to them) and 1% for airdrops and lottery. Everyone will get an airdrop of all coins, even coins you don't hold and you can then stake these. You can see the compounding benefits of this.

The GUI / User interface is absolutely superb with all the information you would want, and literally everything is transparent and can be followed on the Blockchain. You can see what percentage of each pool you own. You can withdraw your coins at any time and with zero fees.

To deposit coins you simply click on the coin name and an in-browser window pops up with a deposit address as well as lots of other useful info about the coin including which exchanges support these coins - that's important as lots of POS coins are quite small and will not be on the larger exchanges. Any coins you do deposit can also be added to a pool Masternode for greater returns.

There are more than 40 coins listed on Stakecube.

And wait!! 

Besides staking and masternode rewards, there are also interest paying out for BTC, DOGE, LTC and DASH for 7.0++% interest annually. This means, you will get around 0.02% of interest of the coins in your StakeCube Wallet.

StakeCube has its own exchange platform. You can exchange your coins on the platform. 

You can signup here

Shared Masternode

Masternodes are important components in the world of PoS coins and blockchain, their validation and a strong financial tool.

In the course of time, different masternode types have been formed and established, one of them being shared masternode.

Nodes represent a computer or device that connect to any network. For a crypto example, wallets may act as a node, with ability to send or receive data on open ledger blockchains. Consensus based cryptocurrencies offer a incentive for validating transactions, miners and stakers also help the networks become stronger and more secure.

Masternodes, perform special functions including faster transactions, enhanced privacy features and increased network security. Masternodes create greater incentives to the coin holders for validating transactions more efficiently than a common node or wallet.

Shared Masternodes and Proof of Stake pools offer several solutions for some of the problems involved around the cryptocurrency space. Here is some of the issues shared staking services help solve.

Accessibility – To install a desktop wallet, and setting up virtual private servers (VPS) claims hours of time and energy, also included is a moderate learning curve. Anyone who is using pools or shared masternode services saves time, and energy by using a platform with abilities. Shared services that have several coins or tokens listed, offering a robust way to stay diverse, and generate rewards while doing so.

Simple effect – As successful projects grows in value, the collateral cost of masternodes may have a big increase. Dash for example, at one point would cost a buyer over $750,000 USD to obtain a full 1000 coin collateral. becoming far too expensive for the common interest of buyers. On a shared masternode service the collateral of Dash may be broke down into slots or shares, each slot representing a percentage of the total collateral required for a masternode. Collateral on a shared masternode service may be broke down creating affordable shares for most holders. Also ensures the network for these projects will continue to grow and reward all holders.

Mass Adoption – Over the past decade Bitcoin and cryptocurrencies have become increasingly accessible, including more usability with each day that passes, Crypto renegades are removing complexity, by making crypto easier for the average person. Adding more products, and services each year, reward generation has a positive outlook for passive streams via consensus.

Incentives – Each masternode or proof of stake coin offer their own unique reward ratio. Some coins like Dash offering around 6% annually, while other coins may offer 300% or more, these ratios can tie directly to risk/reward outcomes. For proof of stake, pooling coins together generates rewards frequently, therefore creating more efficient stakes, providing holders quicker returns.

The evolution of masternodes, consensus algorithms, peer to peer networks, and cryptocurrencies has evolved along with the internet. The crypto space continues to achieve great things, limitless possibilities for further advancements, including opportunities of a lifetime. Staking pools and shared masternode services will continue to evolve and compete, for the better crypto space entirely.

Interested to join any shared masternode?

Click here for Stakecube.net who is one of the best service provider.

BUY & SELL BITCOIN / ALTCOINS

After you have a wallet, it is time to get some bitcoin / Altcoins. Here give you some options to buy and sell Bitcoin / Altcoins. These are the reputable sites that we recommend for beginners. You can buy and sell with Cash, Credit / Debit card or even Paypal.

LocalBitcoin

It is possible to buy and sell bitcoins with cash on LocalBitcoins via cash trade in-person or with cash deposit. A quick step-by-step guide on how to buy bitcoins with cash on LocalBitcoins:

1. Find a seller in your area who accepts cash.

2. Select amount of coins and place an order.

3. Receive account number from the seller.

4. Deposit cash into the seller's account.

5. Upload your receipt to prove you made the deposit/trade.

6. Receive bitcoins! The coins will arrive in your LocalBitcoins wallet.

For selling bitcoins, simply creates ads on Localbitcoins.

LocalBitcoins is private and does not require any personal details or verification, although specific sellers may request this info.

Be sure to buy from sellers with previous trade history and positive feedback.

Local Bitcoins charges a flat 1% fee on each purchase. Click here to check it out.

Coinmama

Coinmama is a bitcoin broker that specializes in letting you purchase bitcoin with a debit or credit card. You'll be charged a ~6% fee due to the risks and processing fees that come with credit card payments. Coinmama offers high limits. You can buy up to:

$5,000 worth of bitcoin per day

$20,000 worth of bitcoins per month

After your account is verified and a purchase is made you will receive your bitcoin within a few minutes. Get 5% off your order when you use this link. Click here to check it out.

Virwox

Now since no exchange currently allows a way around the charge back issues of buying Bitcoins with Paypal we are going to have to go through VirWox – The Virtual World Exchange. We will use a virtual currency called SLL (Second Life Linden Dollars), This currency is used for one of the biggest virtual worlds today – Second Life. After buying this currency with Paypal (which is acceptable) we will then trade it to Bitcoins. Click here to check it out.

 Payza

Payza now support deposit and withdrawal of Bitcoin. You can fund your Payza with Cash, Credit Card, Altcoin, or even use the money from your online earning to exchange with Bitcoin. Click here to check it out.

Introduction to Cryptocurrency

Cryptocurrency is a form of digital money that is secure and anonymous.

Cryptocurrencies use decentralised technology to let users make secure payments and store money without the need to use their name or go through a bank. They run on a distributed public ledger called blockchain, which is a record of all transactions updated and held by currency holders.

LET’S LEARN AND EARN FREE COINS

Bitcoins is the first cryptocurrency. A 2008 whitepaper written by the pseudonymous Satoshi Nakamoto introduced the concept of bitcoin, and the design principle behind bitcoin is: A purely peer-to-peer version of electronic cash [which] would allow online payments to be sent directly from one party to another without going through a financial institution

An altcoin is any digital cryptocurrency similar to Bitcoin. The term is said to stand for “alternative to Bitcoin” and is used describe any cryptocurrency that is not a Bitcoin. Altcoins are created by diverging from Bitcoin consensus rules (the fundamental rules of the cryptocurrency’s network) or by developing a new cryptocurrency from scratch.

Below are some Top Crpytocurrencies

Bitcoin is the most popular cryptocurrency. It is a payment system introduced as open-source software in 2009 by developer Satoshi Nakamoto. The payments in the system are recorded in a public ledger using its own unit of account, which is also called bitcoin. Payments work peer-to-peer without a central repository or single administrator, which has led the US Treasury to call bitcoin a decentralized virtual currency. Although its status as a currency is disputed, media reports often refer to bitcoin as a cryptocurrency or digital currency.

Bitcoin as a form of payment for products and services has seen growth,and merchants have an incentive to accept the digital currency because fees are lower than the 2-3% typically imposed by credit card processors. The European Banking Authority has warned that bitcoin lacks consumer protections. Unlike credit cards, any fees are paid by the purchaser not the vendor. Bitcoins can be stolen and chargebacks are impossible. Commercial use of bitcoin is currently small compared to its use by speculators, which has fueled price volatility.

Bitcoin has been a subject of scrutiny amid concerns that it can be used for illegal activities. In October 2013 the US FBI shut down the Silk Road online black market and seized 144,000 bitcoins worth US$28.5 million at the time. The US is considered bitcoin-friendly compared to other governments. In China, buying bitcoins with yuan is subject to restrictions, and bitcoin exchanges are not allowed to hold bank accounts.

BTC

$ 8,238.22

 5.14 %

BCH

$ 233.61

 6.14 %

BTG

$ 8.18

 1.22 %

DASH

$ 71.40

 2.99 %

ETH

$ 181.33

 6.48 %

XMR

$ 56.64

 2.87 %

LTC

$ 57.86

 7.19 %

XRP

$ 0.2769

 8.93 %

ETC

$ 4.70

 4.44 %

ADA

$ 0.04159

 7.91 %

Freebitco.in review & Payment Proof

Freebitco.in Review

One of the oldest bitcoin faucet giving free bitcoin and continuously paying since 2014.  Freebitco.in paid 131,741 free bitcoin so far as on 3rd January 2018.

The best part of this faucet is its fast server , hardly any downtime ( i never saw this faucet down ) , also because they are paying weekly hardly user face there dry condition. Since 2015 when i joined ( i guess ) got paid frequently every week without delay. 

Let me tell you this faucet is good for those who are doing side by side some other work , because this site 1 hour time based.

For Beginners i like to tell them how to join site step by step , so that they too can get benefit from this site.

STEP 1

Register an account to earn free bitcoin from freebitco.in , One email verification will go to your email ( or may be not depends on time to time , sometimes site sent verification sometimes not )

STEP 2

Login to site to earn free bitcoin.

STEP 3

Once you logged in. Set your favorite captcha system which ever suits your requirement from ( Recaptcha Version 1, Recpatcha Verson 2, Solve Media ). Also if you see in image below there is reward system , and whatever number you got randomly will give you reward accordingly.

STEP 4

Once you solve the captcha and clicked ” Roll ” , one random number will come. It was my luck while making review i got 9943 which rewarded me 2976 free Satoshi. Also like to tell you there is Alarm system for timer if you check that one Ring will buzz when timer become 0:00 , it helps in claiming reward on time.

Check your account balance , or stats or site or personal stats , if want to change BTC address or email.

Freebitco.in is giving 2 lottery tickets with every roll. I never won any reward from lottery but there are people around who got lucky and won good and big rewards.

Freebitco.in is having 50% ref commision system too. So if you promote your link to get referrals it will become a free bitcoin for you without doing much work.

CASHOUT LIMIT

Auto withdraw is set on 25000 Satoshi by default and payments will be released on every Sunday. Also they have countdown for Next Payment on Refer Page. They have good stats system which gives more close picture of site. And helps to make strategy to promote it.

Freebitco.in also have Auto Share system through which we can give some free satoshi to our downlines.

MY STATS ON SITE

This is my personal stats on freebitco.in , i earned so far : 0.24348666 BTC

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RECENT PAYMENT PROOF

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