Epsium Coin
Epsium is a masternode proof-of-stake (POS) coin. By utilizing masternodes and the proof-of-stake algorithm, we enable our users to participate in the network, validate transactions and earn rewards in the process. This innovative combination provides a sustainable and efficient way to secure the blockchain while playing an active role in the Epsium ecosystem.
What is a Masternode?
A masternode is a special node in a cryptocurrency network that performs specific tasks to support and secure the network. In the case of Epsium, a masternode is a computer or server that is online around the clock and processes transactions in the network.
In order to operate a masternode, users must deposit a certain amount of Epsium as a stake (or «collateral»). This stake serves as collateral and shows the user’s commitment to the network. Masternodes help to carry out transactions, offer services such as InstantSend and PrivateSend and vote on governance issues.
What is Staking?
Proof-of-Stake (POS) is a consensus algorithm used in securing and validating transactions on a blockchain. Unlike proof-of-work (POW), where miners use resources such as computing power to solve complex mathematical puzzles to create new blocks, POS allows users to validate transactions and create new blocks based on the number of coins they hold and are willing to «stake» or deposit as collateral.
In the case of Epsium, POS is used to offer rewards to masternode owners and stakeholders. Users can hold and stake Epsium coins to participate in the validation of transactions and earn rewards in the form of newly issued Epsium coins. This process promotes network security and community participation in the governance of Epsium.
