What Are SmartNodes? - The Animated SmartBee EP03 For SmartCash

in #smartcash3 years ago (edited)


In the third episode of the Smartcash series we are looking at the Masternodes features called SmartNodes. They enable InstantPay and are the second passive income feature of Smartcash next to SmartRewards.

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Narrator Text

Welcome to SmartCash, a young cryptocurrency that offers great features. In this video we take a closer look at one of them: the SmartNodes!

SmartCash has a feature similar to masternodes which they call SmartNodes. SmartNodes are servers which run a SmartCash full node and enable the InstantPay feature. InstantPay allows for instant transactions on the network, allowing for a transaction to be trusted by the recipient immediately. This is a huge advantage for point of sale transactions where neither the customer nor the business wants to sit around and wait for the next block.

Setting up a SmartNode requires exactly 10,000 SmartCash as collateral and a dedicated server. It's easiest to set one up at a hosting company using a Virtual Private Server that runs 24/7. There are guides available to help with setup, and it can take as little as 10 minutes. There are also people in the SmartCash community who are willing to help answer any question.

SmartNodes get 10% of the block reward every block, and it takes about 20 days for a new SmartNode to qualify for this payment. The frequency of the payment depends on the total number of active SmartNodes. Also, as the block reward is reduced over time, so the earlier one is setup, the more it will earn. The 10,000 Smart collateral can be withdrawn at any time if needed.

What makes SmartNodes particularly interesting is that you can combine them with the monthly SmartRewards which makes SmartCash a great passive income stream. Check out our video about SmartRewards to learn more about them as well.

Stay tuned for the next video where you learn more about the SmartHive. And I BEE you next time!


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SmartRewards still the best if you wish to earn passive income.

You gotta love SmartRewards! But the combination of SmartNode and SmartRewards is even better. :)

I agree with that...

another smart educational session with the smart bee ,keep it up bee;more smart words

yes @marshalllifie i follow and upvote you please do the same

It's a very good project in the crypto curreny world

Ha! Really pure presentation and full informative. Thanks for animated form!

Is it still 20 days with the new Nodes? I though it was changed. Also, not sure if this has changed yet, but you need to modify your smartnode.conf file to withdraw from the collateral wallet. Actually, no even with the latest wallet you need to modify the file or else you will get a message telling you that you have insufficient funds.

The change is happening on July 7th and the new code is already running. From then on new nodes will be implemented much faster and payouts will happen more often (with accordingly less sums) and totally automated, unlike before.

This is an advertisement and these types of posts will start to destroy Steemit. Unfortunately, this is no different than buying attention on other social media platforms, instead of putting it in a obvious add, its just now a post with a lot of influence.

I think it's best idia .it will go to moon

already there is 1000of new cryptocurrency are there. i dont say it gona be waist of time. but it was got new and more popularity. it will get success. all the best to smart bee

very nice project for criptocoin earning

Seems like a decent project, I read about it regularly. Thanks for sharing!

Thanks dear for this helpful and informative post

check out silent notary, sntr, for an interesting cheap masternode pick

@smartbee don't you think that 10% fee is too much? And how long according to you will it take to implement this technology in crypto?

It is not a fee but a payment for the service of providing a server for the decentralized network which costs money to run. And the whole thing is already integrated and running.

Is Smartcash one of the 90% alts that will fade?

Nobody can tell but the SmartCash features are plentiful and the community is active and engaged.

maybe, but who can tell right? the team is actually quite active.

ahaa, interesting, would this be benefited to everyone who has a steemit account?

Steem and SmartCash are very different and have nothing to do with each other. However, check out @smartcash because you can earn SMART by writing about it on Steemit.

Informative series. Looks like SmartCash has good potential. SmartNodes getting 10% of blockreward sounds exciting.

Hello @smartbee i am intested in this program can we talk?

Sure. What do you want to know?

another intelligent educational session with the smart bee, go on like this, smarter words, This is an announcement and this kind of publications will start to destroy Steemit. It looks like a decent project, I read it regularly. Thanks for sharing!

Why should it destroy Steemit?

*****Good Luck Beebs*****

sehr gut zu wissen
Dankeschön

smart blog pf crypto.

Good and nice information

WOW! that gr8 this currency is or feature

your article is more informative and helpful. Yes r u working is the Good and smartnodes 24/7 hours full service provide Virtual Private Server.

smartbee your every post is a lesson or learning experience to me ,
great work thanks

videotogif_2018.06.28_20.13.33.gif

Hi sir
Plz like my dtube video bcz you like my video my earning is high plz sir
https://d.tube/v/alltypevideo/gesnwfij

hope this will bring great features for crypto

@ smartbee, I gave you an upvote on your post! Please give me a follow and I will give you a follow in return and possible future votes!

Hey guys follow me for trending ICO reviews

Thank you for video.

It's a very good project

Excellent friend @amartbee I love the information shared and developed in your post ... Every day I learn a little more about you ... From #venezuela supporting your work with my #vote and my #reesteem as always .. blessings

I really did not understand these smart nodes , because i think human is smart than robots.Kindly send me more details

https://steemit.com/mgsc/@online87700/microsoft-deploying-huge-block-chain-system

pls do upvote , follow and response, thank u

This post has received a 47.94 % upvote from @booster thanks to: @smartbee.

i never heard about smartcash/smart node. is this really exists. these days we hearing so many duplicate currency and ico. how this could be going to good project. how would we believe this?

smartbee Sir, your blog is great, in which you have explained in detail with a big stick, Dear Sir please help me.

very intersting muy interesante

excellent post

It is a cool video and represents very well of what is a Smartcash masternode!

Σ$$$ Tipped @smartbee Σ30 SMART! Comment @smartbot help to claim. Currently the price of SmartCash in the market is $0.092 USD per SMART. Current value of the tip is $2.76 USD. To find out more about SmartCash, please visit https://smartcash.cc.

this was great!

Thanks, its truly helpful to me.Keep it up SmartBee.

Its Good project keep it up :) @smartbee

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Sir, I would really appreciate if you can support people like us. Your little help will help us grow too. Looking forward to hearing soon from you. Thank you.

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