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The differences between Web 2.0 and Web 3.0
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Dash and Master Nodes
In the simplest terms, a master node is a computer or server that has been set up to process Dash transactions quickly, in a method that is quite different from mining (which the Dash network also has). The owner of the master node is rewarded for operating the node with frequent Dash payments.
Well, only if you have about $300,000 sitting around. You see, in order to set up a Dash master node, you must have least 1000 units of Dash.
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Proof of Stake (POS)
The proof of stake method of consensus that has been in the news almost constantly ever since Ethereum announced its plans to move to it, and other exciting new currencies like OmiseGo (
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Initial Coin Offerings (ICOs)
Projects like ChainLink are demanding 100 ETH (about $25,000), and Streamr, the platform that I recently wrote about, is asking for a minimum of 5000 Swiss Francs ($5,160).
On the official Slack channel, Henri Pihkala ...
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