What is a Masternode and why should you be interested in hosting Agenor’s Masternode?

What is Agenor?

Agenor is a project that primarily seeks to bring cryptocurrency to the masses.

Presently, there are a lot of factors that are stopping mass adoption from happening. The primary reason is the blockchain industry has become too diversified and complicated for the average person to jump in and use a particular currency in their day-to-day life. Too many crypto projects focus on making their blockchain technologically superior without actually thinking about how much it appeals to commoners.

Agenor wants to democratize the crypto space and grow cryptocurrency usage with the help of their unique system and the AGE coin.

The Agenor network combines Proof of Work (PoW) and Proof of Stake (PoS) models into a hybrid consensus mechanism that can benefit from approaches. Being PoW, the energy consumption of mining AGE coins is quite low, making it more environmentally sustainable than its counterparts. The hybrid mechanism also ensures that the network is truly decentralized, meaning no person or collective of people can ever have full control of the chain.

For the first 100,000 blocks to be added to the Agenor blockchain, the consensus mechanism has been Proof of Work. Beyond that, the system has transitioned to become fully Proof of Stake for maximum community participation and energy conservation. Agenor believes that their community is key to their project’s success, so they are looking for people to host AGE masternodes.

What is a Masternode, and why should you be interested?

In Proof of Stake networks, a masternode is a machine responsible for adding new blocks to the chain, voting on protocol changes, verifying transactions, and more. Basically, a masternode computer stays up 24/7 and works as an overseer for the blockchain, ensuring that its operations run smoothly. In return, masternode holders are paid a big cut of the rewards associated with every new block added to the chain.

Agenor, being a PoS network, needs masternodes for proper functioning. As a masternode owner, you’d be paid 80% or 40 AGE for every block that is added to the chain. The rest, 20% or 10 AGE, goes to the stakers. To host a masternode, you must be holding 10000 AGE coins as collateral.

Being a masternode host is because it is an effortless way to earn passive income, and your profits increase as the AGE coin appreciates. With the roadmap for mass adoption laid out in detail on Agenor’s website, now is a great time for all those interested in becoming a part of this revolutionary journey to get in on the ground floor. Also, if you do not have 10000 AGE, you can participate in shared masternodes on one of the services: Crypos or Vault Investment. Minimal deposit amount is 10 AGE.

Why should you be interested in hosting Agenor’s masternode?

Agenor’s system is efficient, sustainable, and fast. Unlike its competitors, Agenor processes transactions at very low fees and a much higher speed. One block of Agenor is added to the chain every two minutes.

Aside from their incredible technology, Agenor’s plan for 2021 includes launching their Volengi marketplace, which promises to be a hub for all sorts of goods and services that can be purchased using cryptocurrencies. While the base currency will be AGE, customers on Volengi will not be limited to any cryptocurrency for transactions. The platform shall support all forms of digital assets and also feature 24/7 customer support, among other salient features.

In the near future, Agenor also aims to set up its own worldwide network of cryptocurrency ATMs, payment gateway, and even an education program to teach the masses about crypto. All these endeavors shall definitely see the AGE coin appreciate in value and gain popularity.

This is also why being an Agenor masternode host from now will surely reap you bounties in the company’s bright future.

Follow Agenor on social media

World’s first blockchain that strongly works for mass adoption.

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Medium #007 — WAAZ token LockUps & Vesting periods

Polygon integration

Libra Adapts White Paper to Appease US Regulators, Hopes for Changing Tides

The Central Bank Digital Currency Race

Blockchain Beginnings: the story through the eyes of a beancounter

What is Litecoin? | A Beginner’s Guide

Buy ICP (Internet Computer Coins)

Why is the travel industry welcoming cryptocurrency?

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Agenor Coin

Agenor Coin

World’s first blockchain that strongly works for mass adoption.

More from Medium

These are My EndYear Long List of Crypto Price Predictions for 48-Hour Time Frame

Why Bitcoin is the Future of Money?

How To Make Money With Cryptocurrency in 2022?

Evaluating value: an interneural discussion — part 2