These days there are more different types of cryptocurrencies out there than there are regular currencies like dollars. Basically there are three types of cryotocurrencies, categorized by their mode of generation:

POW - PROOF OF WORK

In a decentralised network such as those based on a blockchain, the difficulty is to find an agreement among members in the order of transactions which must be added. It is the whole question of the consensus of the network. Proof of work is one of the mechanisms that allows to reach this agreement while still securing the network. To achieve this, one must solve complex mathematical equations which requires a substantial amount of computing power, which in turn requires significant use of electricity.

POS - PROOF OF STAKE

Proof of stake is the consensus algorithm used by cryptocurrencies to validate blocks. The main advantages of proof of stake are energy efficiency and security. In a proof of stake system, the creator of the next block is determined by a randomized system that is, in part, dictated by how much of that cryptocurrency a user is holding or, in some cases, how long they have been holding that particular currency. Instead of computational power as is the case in proof of work, the probability of creating a block and receiving the associated rewards is proportional to a user’s holding of the underlining token or cryptocurrency on the network.

The main advantage of proof of stake, over a system such as proof of work, is that it uses considerably less energy and as a result is more cost effective. It is well documented that each Bitcoin transaction, which uses a proof of work system, can require as much electricity. This is both ineffective and unsustainable.

MASTERNODES

Masternode is simply a cryptocurrency full node or computer wallet that keeps the full copy of the blockchain in real-time, just like your have Bitcoin full nodes and is always up & running.

But masternodes are considerably different in their functionality than normal nodes.

They are different because they perform several other functions apart from just keeping the full blockchain and relaying blocks/transactions as a full node does.

Some of the special functions that these nodes perform are:

Increasing privacy of transactions
Doing instant transactions
Participating in governance and voting
Enable budgeting and treasury system in cryptos

These masternodes are not standalone but they are always communicating with other such nodes to make a decentralized network and are often referred in short form as MN.

Investing in a Masternode Coin is a roll of the dice because even though you may know the emission rate of a coin as the block chain progresses you can never predict how many other Masternodes you’ll be competing with for rewards.

Masternodes; Problems and Issues

Thanks to the internet, with the right tools any random Joe can create a coin and launch it with the right tools and implements. And as we both know, most of these "start-ups" masternode coins crash and burn the minute they hit the exchange. Few reasons for this can be:

Poor Understanding of basic economics by the developers: Like I said, any dick and Harry can jump on a coin project and launch it without first understanding the economics involved in maintaining the viability of that coin. This will inevitably lead to bad decisions or at best no-good decisions that will lead to the downfall of that coin.
Panic Selling: This is more commonly referred to as dumping. It occurs when investors or those who got it for free via airdrops, bounties and the like begin to dump the coin on exchange
Oversupply of coins: This is the main problem affecting most new coins. In fact, every other problem eventually leads go ghost. Coin developers increase ROI continually in other to attract investors but ultimately it leads to an oversupply which results the coin dying under its own weight

To solve this problem, we would need a coin designed in such a way that reduces the amount of coins in circulation as time goes on.

CATO COIN

A team of hardworking developers have thought and worked out a solution to create the perfect masternode coin. They created a unique Blockchain technology that transforms the way in which Rewards and Collateral requirements are calculated. This blockchain is designed to link rewards and collateral requirements to the number of Masternodes, rather than
blockchain. Usually, masternode coins pre-set rewards on the progression of the block chain by ‘guessing’ how quickly Masternodes will be added over time when the coin is developed.

INCREASED VALUE FOREVER

Catocoin has a built-in algorithm designed to increase collateral requirements for new Masternodes as the number of Masternodes increases. This way it will require more coins to create a masternode on the Catocoin blockchain making the coin more expensive to purchase. This is a genuine system which will ensure that the price of catocoin constantly remains high. A good bargain if you ask me. Check out the rate at which the masternode collateral increases over time:

DUMPING? MEHHH!!

The nature of the catocoin is one designed to prevent any significant dump. This is because the collateral requires to create a masternode increases every 30 masternodes created, and it is highly likely that a node owner will spend more to create another masternode later on if he dumps now. This will incentivize masternode owners to maintain their nodes if they know what is good for them. Lol.

Furthermore, like all start-up coins, Catocoin will run bounty, discord and invite campaigns but will reward the bounty hunters in Btc rather than Catocoins so as to prevent dilution of the coins in the market.

BIG NEWS - CATO CASINO

Catocoin is partnering with a worldwide supplier of regulated online and land-based gaming solutions to create an online casino built exclusively for Catocoin. This platform, Catocasino, will start featuring mobile games by the end of the year!

CATOCOIN SPECS

Coin Type: POS
Algo: Xevan (No Pow)
Block Time: 60 seconds
Total Coin Supply: 42,000,000
Collateral for 1st 15 MN: 2,000 coins
Reward Split: 70% Masternode / 30% POS
Pre-mine: 400,000
Pre-mine % 0.98% (less than 1%)
Locked coins to not stake
Masternodes begin to earn rewards after 2 hours after activation
Masternodes rewards are not confirmed until 15 confirmations
Coins do not mature for staking until 200 confirmations

OFFICIAL LINKS

Website: https://catocoin.net
Block Explorer: http://explorer.catocoin.info
BTC Talk OP: https://bitcointalk.org/index.php?topic=4532077.0
White Paper: http://catocoin.net/assets/images/catocoin-white-paper.pdf

ARTICLES
Medium Article: https://medium.com/@iamcatocoin/masternode-coins-developer-are-throwing-darts-blindfolded-74147dd698d6
https://cryptoshib.com/catocoin/

https://twitter.com/catocoin/status/1024048378756382722
- catocoin

https://twitter.com/Bitcoinqueenri/status/1023706649402454016
- Bitcoinqueenri

Wallets & Source Code
Github Source Code: https://github.com/CatoCoin/CatoCoin
Wallets: (Windows, Linux & Mac) : https://github.com/CatoCoin/releases
Windows Wallet Quick Link: https://github.com/CatoCoin/releases/raw/master/catocoin-qt.zip

Masternode Install Scripts
Preferred MN Install Script (allows for multiplle MN's in a single VPS) Linux VPS root prompt (putty connection) type: bash -c "$(wget -qO- -o- goo.gl/b8VEKj)" ; source /root/.bashrc

Instructional Videos
Staking Your Coins - How to:

CatoCoin Mobile App Support
https://getdelta.io/download
https://blockfolio.com/

Coming Q4'2018:
CatoCoin Responsive Portal

Social Media Links
Discord Page: https://discord.gg/kNxfaZq
Twitter : https://twitter.com/catocoin
Facebook: https://www.facebook.com/CatoCoin
Telegram: https://t.me/catocoin

Shared Masternode Services:
Gin Coin: https://discord.gg/NF2q6fr
https://snode.co/masternodes
https://midas.investments/

Exchanges:

CryptoBridge https://wallet.crypto-bridge.org/market/BRIDGE.CATO_BRIDGE.BTC
Coinexchange
https://www.coinexchange.io/market/CATO/BTC

ACHEIVMENTS

Masternode Rating Services
Masternodes.online: https://masternodes.online/currencies/cato
Masternodes.pro: https://masternodes.pro/stats/cato/statistics
Masternode.live: https://masternode.live/currencies/CATO/CatoCoin
Livecoin Watch: https://www.livecoinwatch.com/price/Catocoin-CATO
Coinranking: https://coinranking.com/coin/catocoin-cato
Masternnode Stats: https://masternode-stats.com/cato/
Mintnodes: https://www.mintnodes.com/coins/CATO

I remain your favorite crypto blogger Hive account@awolesigideon

CATOCOIN - WELCOME TO THE FUTURE OF MASTERNODES: SCALABILITY AND POTENTIAL