/Blockchain Relations Announces Publication featuring the Oldest Masternode Cryptocurrency

Blockchain Relations Announces Publication featuring the Oldest Masternode Cryptocurrency

COLUMBUS, Ohio, Oct. 29, 2018 /PRNewswire-PRWeb/ — Blockchain Relations, a media networking brand committed to helping blockchain innovations go mainstream via widespread awareness, today announces the publication of an article featuring masternode technology, a blockchain innovation within the crypto market that adds a second-tier of features on top of the standard mining network put in place by Bitcoin.

The publication, titled “The Oldest Masternode Cryptocurrency (Hint: Not Dash),” provides an overview of the many ways this innovation is advancing blockchain technology, the individual who originally introduced the masternode concept, and how its integration into Terracoin is enabling the community to better deliver on its mission. The article also highlights Terracoin’s recent 6th birthday. Today, this crypto-asset stands as one of the few originals that still exist and is arguably advancing a lot faster than other blockchains of its time.

To view the full publication, visit: http://blockchainnewssource.com/articles/the-oldest-masternode-cryptocurrency-hint-not-dash.html

The most valuable features introduced as a result of integrating masternode technology include reducing transaction fees to nearly zero, allowing for virtually instant transactions to take place as commonly expected from credit cards, enabling decentralized governance and voting, and creating a self-sustainable treasury system so a portion of the block rewards were available to fund ideas presented by the community.

Decentralized governance was the main purpose for adding the masternode code to Terracoin, but it also better equipped the community to deliver on its mission to “help the world” with crypto technology. The self-funding part of the code began allocating 10% of the block rewards to a communal budget that can be directed towards philanthropic purposes through masternode voting, as well as improving the coin in other ways (which, in turn, allows the community to better aid charitable causes in the future). Plus, the code split the remaining 90% of the block rewards between miners and masternode owners, allowing individuals to donate masternodes to an organization of their choice so residual payouts can continually support their initiatives. This splitting of the block rewards also incentivized existing and new community members to support the masternode network necessary for adding the second-tier features.

In February of 2016, The Terracoin Foundation was incorporated as an independent organization to take the decentralized community’s mission further and ensure stable development. To date, enough Terracoin has been donated to this foundation to create more than 15 masternodes. Once a certain objective is met, half of the service rewards generated from supporting the network will be donated to the organization(s) decided upon by members of the community. The other half of the net profits will be used to create more foundation-owned masternodes to increase the amount that can be donated each month.

Even though cryptocurrency has been around for nearly a decade now, the technology is still very young and we still don’t know what future challenges lie ahead. This is why the masternode concept is so crucial as it helps ensure decisions are quickly made so development continues and progress isn’t impeded.

About Terracoin

Terracoin (Crypto: TRC), one of the world’s first cryptocoins, is a community of people with the common goal of helping everyone around the world. With an ambitious roadmap in place for ongoing development and community growth, Terracoin has demonstrated its ability to stay at the forefront by integrating merged mining, decentralized governance, a masternode network, security features and more.

For more information via the Terracoin website, visit: https://terracoin.io/

To view an interactive flipbook and learn how to engage with the community, visit http://www.blockchainrelations.io/clients/terracoin/flipbook/

About Blockchain Relations

Blockchain Relations™ was launched as a division of The Global Precision Group (est. 2010) to help crypto-assets and blockchain projects achieve greater visibility through media connections and proven branding strategies. The core team leverages a unique blend of experience spanning media relations, investor relations, syndicated communications, marketing, crypto markets and community-building initiatives.

To learn more about Blockchain Relations, visit http://www.blockchainrelations.io.

To learn more about the Blockchain Relations Brand Network and its growing number of blockchain-focused brands, visit http://www.blockchainrelationsbrandnetwork.com

Please see full terms of use and disclaimers on the Blockchain Relations website applicable to all content provided by Blockchain Relations, wherever published or re-published: http://www.blockchainrelations.io/disclaimer


SOURCE Blockchain Relations

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories

By Yeshim Deniz

Isomorphic Software is the global leader in high-end, web-based business applications. We develop, market, and support the SmartClient & Smart GWT HTML5/Ajax platform, combining the productivity and performance of traditional desktop software with the simplicity and reach of the open web.
With staff in 10 timezones, Isomorphic provides a global network of services related to our technology, with offerings ranging from turnkey application development to SLA-backed enterprise support.

Nov. 26, 2018 01:30 PM EST

By Pat Romanski

On-premise or off, you have powerful tools available to maximize the value of your infrastructure and you demand more visibility and operational control. Fortunately, data center management tools keep a vigil on memory contestation, power, thermal consumption, server health, and utilization, allowing better control no matter your cloud’s shape. In this session, learn how Intel software tools enable real-time monitoring and precise management to lower operational costs and optimize infrastructure…

Nov. 26, 2018 01:00 PM EST

By Elizabeth White

While a hybrid cloud can ease that transition, designing and deploy that hybrid cloud still offers challenges for organizations concerned about lack of available cloud skillsets within their organization. Managed service providers offer a unique opportunity to fill those gaps and get organizations of all sizes on a hybrid cloud that meets their comfort level, while delivering enhanced benefits for cost, efficiency, agility, mobility, and elasticity.

Nov. 26, 2018 12:00 PM EST

By Zakia Bouachraoui

DevOps has long focused on reinventing the SDLC (e.g. with CI/CD, ARA, pipeline automation etc.), while reinvention of IT Ops has lagged. However, new approaches like Site Reliability Engineering, Observability, Containerization, Operations Analytics, and ML/AI are driving a resurgence of IT Ops. In this session our expert panel will focus on how these new ideas are [putting the Ops back in DevOps orbringing modern IT Ops to DevOps].

Nov. 12, 2018 12:00 PM EST

By Yeshim Deniz

Darktrace is the world’s leading AI company for cyber security. Created by mathematicians from the University of Cambridge, Darktrace’s Enterprise Immune System is the first non-consumer application of machine learning to work at scale, across all network types, from physical, virtualized, and cloud, through to IoT and industrial control systems. Installed as a self-configuring cyber defense platform, Darktrace continuously learns what is ‘normal’ for all devices and users, updating its understa…

Nov. 12, 2018 09:00 AM EST

By Pat Romanski

Enterprises are striving to become digital businesses for differentiated innovation and customer-centricity. Traditionally, they focused on digitizing processes and paper workflow. To be a disruptor and compete against new players, they need to gain insight into business data and innovate at scale. Cloud and cognitive technologies can help them leverage hidden data in SAP/ERP systems to fuel their businesses to accelerate digital transformation success.

Nov. 12, 2018 01:45 AM EST

By Yeshim Deniz

Most organizations are awash today in data and IT systems, yet they’re still struggling mightily to use these invaluable assets to meet the rising demand for new digital solutions and customer experiences that drive innovation and growth. What’s lacking are potent and effective ways to rapidly combine together on-premises IT and the numerous commercial clouds that the average organization has in place today into effective new business solutions.

Nov. 12, 2018 12:00 AM EST

By Pat Romanski

Concerns about security, downtime and latency, budgets, and general unfamiliarity with cloud technologies continue to create hesitation for many organizations that truly need to be developing a cloud strategy. Hybrid cloud solutions are helping to elevate those concerns by enabling the combination or orchestration of two or more platforms, including on-premise infrastructure, private clouds and/or third-party, public cloud services. This gives organizations more comfort to begin their digital tr…

Nov. 12, 2018 12:00 AM EST

By Liz McMillan

Keeping an application running at scale can be a daunting task. When do you need to add more capacity? Larger databases? Additional servers? These questions get harder as the complexity of your application grows. Microservice based architectures and cloud-based dynamic infrastructures are technologies that help you keep your application running with high availability, even during times of extreme scaling.
But real cloud success, at scale, requires much more than a basic lift-and-shift migrati…

Nov. 11, 2018 10:45 PM EST

By Zakia Bouachraoui

David Friend is the co-founder and CEO of Wasabi, the hot cloud storage company that delivers fast, low-cost, and reliable cloud storage. Prior to Wasabi, David co-founded Carbonite, one of the world’s leading cloud backup companies. A successful tech entrepreneur for more than 30 years, David got his start at ARP Instruments, a manufacturer of synthesizers for rock bands, where he worked with leading musicians of the day like Stevie Wonder, Pete Townsend of The Who, and Led Zeppelin. David has …

Nov. 11, 2018 05:30 PM EST

By Liz McMillan

Darktrace is the world’s leading AI company for cyber security. Created by mathematicians from the University of Cambridge, Darktrace’s Enterprise Immune System is the first non-consumer application of machine learning to work at scale, across all network types, from physical, virtualized, and cloud, through to IoT and industrial control systems. Installed as a self-configuring cyber defense platform, Darktrace continuously learns what is ‘normal’ for all devices and users, updating its understa…

Nov. 11, 2018 04:15 PM EST

By Liz McMillan

Dion Hinchcliffe is an internationally recognized digital expert, bestselling book author, frequent keynote speaker, analyst, futurist, and transformation expert based in Washington, DC. He is currently Chief Strategy Officer at the industry-leading digital strategy and online community solutions firm, 7Summits.

Nov. 11, 2018 04:00 PM EST  Reads: 3,170

By Elizabeth White

Addteq is a leader in providing business solutions to Enterprise clients. Addteq has been in the business for more than 10 years. Through the use of DevOps automation, Addteq strives on creating innovative solutions to solve business processes. Clients depend on Addteq to modernize the software delivery process by providing Atlassian solutions, create custom add-ons, conduct training, offer hosting, perform DevOps services, and provide overall support services.

Nov. 11, 2018 02:45 PM EST

By Zakia Bouachraoui

Contino is a global technical consultancy that helps highly-regulated enterprises transform faster, modernizing their way of working through DevOps and cloud computing. They focus on building capability and assisting our clients to in-source strategic technology capability so they get to market quickly and build their own innovation engine.

Nov. 11, 2018 02:30 PM EST

By Zakia Bouachraoui

When applications are hosted on servers, they produce immense quantities of logging data. Quality engineers should verify that apps are producing log data that is existent, correct, consumable, and complete. Otherwise, apps in production are not easily monitored, have issues that are difficult to detect, and cannot be corrected quickly. Tom Chavez presents the four steps that quality engineers should include in every test plan for apps that produce log output or other machine data. Learn the ste…

Nov. 11, 2018 02:15 PM EST

Win Free Bitcoins ?

Remember to share this article for extra BTC coins !!!

BTC: 1-5000 satoshi every 1000 minutes.