How to stake coins? – What is a Masternode?

SagaCoin > Blog > How to stake coins? – What is a Masternode?

Masternodes are a group of servers that support the blockchain. For maintaining, supporting and stabilizing the network the Masternode gets rewards – these rewards are paid in Coins.

Besides pure staking and trading crypto-coins to operate a masternode can be a profitable way to earn a permanent income.

To operate a SagaCoin Masternode you need 2500 Coins (called collateral). There are descriptions available that explain how to setup a Masternode. For people with little technical experience masternode hosting services are available. Some of the masternode hosting services also offer shared masternodes, in case you do only have a fraction of the collateral available.    

The very first Crypto Currency (2014-2015) with Masternode functionality was DASH (Digital Cash).

What does it take to setup a Masternode?

Setting up a Masternode needs some technical experience.

  • A server
  • A certain amount of Coins (the “Stake”)
  • Setup scripts or wallet to install the Masternode
Pro and Cons of a Masternode?


Masternode Coins (Proof of Stake) have some advantages in comparision to Proof of Work Coins:

  • Get higher rewards than PoW Coins
  • Less network requirements (normal PC / Server is sufficient)
  • Little running Costs (almost no electricity Costs)


  • Higher initial Investment necessary
  • Investment is blocked while the Masternodes operates
  • Some technical skills required (install and configure scripts and server)
How to choose the right Masternode coin ?

There are many Masternode Coins available (400 +) to choose from. You find a good overview of available Masternode Coins at Masternodes.Online.

Every Investor has another risk profile, so before you start choosing a Masternode Coin you should have a clear understanding of the risk you are willing to take – since this is also a psychological aspect to be considered.

SagaCoin Masternode

SagaCoin is a Masternode Coin. It requires 2500 Coins to start and operate a Masternode. The ROI is currently at about 70%.

Recent News

About Nova Exchange
July 12, 2019By
SagaCoin Payment Gateway
July 12, 2019By
How to mine Coins?
June 26, 2019By

Recent Cases

Leave a Reply

We are using cookies to give you the best experience. You can find out more about which cookies we are using or switch them off in privacy settings.
AcceptPrivacy Settings