#bitcoin masternode

[hindibali]

how to make cryptocurrencies a passive income source

We will walk over how to make cryptocurrencies a passive income source with this post.Staking has advantages as well.Keeping your bitcoins in a staking wallet can enable you to obtain incentives for it and help keep the network alive. farming producing a plenty of food 🌟Giving money to platforms included in a technology known as distributed finance (DeFi) allows you to earn rewards or interest.Blockchain-based bank accounts sound fantastic ðŸ.Like accounts you would acquire from a real bank, your bitcoin should be kept in interest-bearing savings accounts. Being a masternode, I am exactly what I am.Regular benefits will be given in exchange for your assistance running a masternode, a component of preserving a blockchain network. This is what you will be helping for.Platform companies that simplify loan application processesLending your cryptocurrencies to others using BlockFi or Aave will generate interest on them. One can assist their finances by doing this. More precisely, it represents a sign that might bring benefits.You ought to give investing in dividend-paying tokens some serious thought. You will thus have a consistent income source. Tokens that cannot be exchanged for other tokens are being paid royalties.Those with royalty terms will be able to create and trade non-fungible tokens (NFTs). Should an NFT subsequently be sold once again, you will be paid a cut of the earnings. Among other things, passive income can be generated in the bitcoin environment by staking, yield farming, crypto savings accounts, masternodes, lending, dividend-earning tokens, and NFT royalties. Another kind of site capable of producing passive income are masternodes. These are only a handful of the several ways you may generate passive income from different pursuits. Among other things, masternodes, yield farming, and blockchain technologies have been used. These constitute only a handful of the options. Read the full article

[ecosmining]

The Best Crypto to Mine

In 2023, the work of crypto miners has little in common with what this type of activity looked like a decade ago. The industry is rapidly evolving, its technological requirements, and ways of generating profit are changing. In this overview, we’d like to recommend to our readers the best crypto to mine right now and explain the specifics of the process.

Pool or Solo Mining?

In the 2020s, this business operates identically to a game of chance. If you do it solo, fortune might favor you: you will be the first to solve a mathematical problem, and you will get your reward. But your luck will hardly repeat regularly.

To gain a competitive edge, it would be reasonable to join forces with fellow miners. Those who consolidate resources get higher odds of solving a block. When a selected participant receives a reward, its amount is distributed among all the members. The amount of each portion of the reward that you get might be not too huge. But since you’ll be receiving them regularly, you’ll accumulate a large sum in total.

Working solo makes sense only if you opt for assets with a very low hashing power. There is no guarantee that you’d be able to sell these tokens at a decent price because people have little interest in them. You might struggle to get a buyer. The second option is new currencies at the initial phase of their development. Their prices might skyrocket when they hit the exchange. Your task will be to sell them quickly because their cost will be likely to go down soon.

Top Picks Of The Best Cryptocurrencies to Mine

There is no one-fits-all answer to the question “What is the best crypto coins to mine?”. Below, we offer you over a dozen variants to select from.

Bitcoin

The pioneering crypto remains lucrative for miners — yet only if they purchase ASIC miners (application-specific integrated circuits) and avoid working solo. In 2023, the Bitcoin price has plummeted but experienced crypto enthusiasts don’t panic. After each dropdown, more Bitcoins get consolidated in the hands of large investors, and its price begins to hit new heights. Now, it’s the optimal time to invest in this asset, hold it, and mine it.

Ethereum

In Autumn 2023, this network switched from PoW to PoS. That was done to accelerate the transactions, drive down their fees, and reduce energy consumption. PoS makes ETH more attractive to investors, that’s why we name it the best coin to GPU mine. The Ethereum blockchain keeps on serving as the foundation for DApps, which even further solidifies its position for the long run.

Litecoin

This asset relies on the same algorithm and source code as Bitcoin because it’s a hard fork of the latter. Unlike BTC, LTC can be mined with GPUs. It’s one of the top coins to mine according to their market cap.

Dogecoin

It was conceived as a meme token. To the great surprise of its team, DOGE amassed a huge community and entered the rating of the top 20 cryptos, based on their market cap. It operates on the technological foundation of Litecoin and can be mined with GPUs. It’s one of the cheapest top alt coins to mine: the price of 1 DOGE is less than 0.1 USD.

Monero

XMR is not compatible with application-specific integrated circuits due to its cryptographic hash function. Compared to other cryptos, it guarantees enhanced anonymity. Third parties would fail to trace your transactions or link several operations with each other.

Dash

This currency was created as an open-source version of the BTC blockchain. Individuals and businesses that mine it are called Masternodes. They are shareholders and they vote for the decisions that define the further development of the project. Dash is governed by a decentralized autonomous organization.

Zcash

Even though this is another BTC fork, it differs drastically from its predecessor. While Bitcoin employs the PoW consensus, Zcash operates on its unique zk-SNARKs algorithm. It involves zero-knowledge proof and grants high anonymity to users.

Ethereum Classic

In 2016, an ETH hardfork took place. It aimed at fixing security issues due to which a large sum of tokens had been stolen. The classic version of the network didn’t introduce the changes but found other methods for improving its security over time. The ETC supply is limited while that of ETH is not. The latter costs much more than the former. But ETC is not doomed: it boasts high liquidity, a large audience, and a strong team. Like the original asset, ETC supports DApps and offers a network for smart contracts. Application-specific integrated circuits are used to mine it.

Ravencoin

It’s included in our list of the best cryptos to mine with GPU for a reason: it takes only 1 minute to generate its block. RVN was invented to simplify p2p transactions. It operates as an open-source project on the BTC codebase.

Bitcoin Gold

Its was launched to become the best crypto to mine: with BTG, you pay less for electricity bills, compared to BTC. This token inherited the PoW consensus algorithm from its predecessor but switched from the SHA256 cryptographic hash to Equihash. It’s not necessary to have an application-specific integrated circuit, a GPU will do.

Vertcoin

It is one of the best coins to mine right now among those that support GPUs. Its creators drew inspiration from Litecoin. After BTC miners switched to application-specific integrated circuits, LTC became the top GPU-compatible token — and VTC was conceived as a smart alternative in this niche with limited competition.

Grin

The target audience of this currency is organizations and private users for whom transparency and transaction tracking aren’t as important as the opportunity to remain anonymous. Once you transfer funds to someone, third parties won’t be able to see the recipient’s address and the sum of the operation. This is one of the most profitable cryptocurrencies to mine solo and with an application-specific integrated circuit. It is lightweight. Its network scales based on the number of users and not transactions.

Haven Protocol

When providing answers to the question “What is the best crypto to mine?”, we mentioned Monero. Haven Protocol (XHV) is based on XMR. Just like its predecessor, XHV allows users to receive and send funds privately. You get access to a wallet and conduct operations from this solution, avoiding custodians and middlemen. The ease of use and functionality of this wallet make this currency ideal for holders. Its meaningful USP is that you get an opportunity to convert XHV to other fiat-pegged tokens right from the wallet. There are no limits for conversion operations.

Monacoin

It was launched in 2013 as a meme token. The majority of its supporters live in Japan. MONA is good for individual miners with graphics processing units. Its fees are very low.

Aeternity

It is the best crypto to mine 2023 if you’re interested in smart contracts. It enables you to create and execute such contracts that can be run off the chain as well as scalable DApps. Aeternity allows its users to release non-fungible, restricted fungible, restricted non-fungible and fungible tokens. The AE currency comes in handy for gaming, IoT, governance, identity, shares, loans, payments, and DeFi.

What Is The Purpose of Cryptocurrency Mining?

Before selecting the best coin to mine right now, it would be smart to scrutinize the technological foundation of the process first.

Most cryptos operate on their respective blockchains. Each network consists of multiple devices (such as PCs or ASIC miners) that are referred to as nodes. Nodes don’t need a centralized authority to coordinate their activities. They interact with each other on a peer-to-peer basis. If one or several nodes go out of order, the network will keep on functioning.

To mine a token, the nodes of its network validate transactions and record their details on the ledger. Every new block corresponds to a new record. Multiple blocks form a blockchain.

The validation process boils down to solving cryptographic equations using the processing power of nodes. When multiple miners join forces, this power increases, and the efficiency of equation-solving grows.

GPU miners earn crypto with their computers. Graphics processing units of their devices become in charge of challenging mathematical tasks. Computers consume less electricity than dedicated rigs, so their owners don’t have to spend the larger part of their income on paying their electricity costs.

An application-specific integrated circuit is a computer that can only mine but not serve any other purposes. Compared to a GPU, it consumes much more electricity and is much more efficient. If you’re planning to mine several currencies, you need a dedicated ASIC for each one. It is impossible to mine two different assets with one solution.

Is It Worth Mining Cryptocurrency?

Before picking the best cryptos to mine, calculate your expenses and potential profits.

If you prefer GPU mining, be ready to invest in:

Graphics processing unit — $500

Computer — $1,000

Electricity and Internet — $150 per month

ASIC miners are costlier. You pay $10,000 upwards for the rig and hundreds of dollars per month for electricity.

The computing power that is necessary to validate transactions is called the hash rate. It grows with time, increasing your expenses.

To cut down costs and boost profit, consider setting up or relocating your business to a region with low electricity costs.

How to Find The Best Cryptocurrency to Mine

To detect the best coin to mine, rely on these three criteria.

How Long Does It Take to Mine. The answer to this question depends on the asset. With Ravencoin, it takes 1 minute to validate and record 1 block to the network. With Bitcoin, it takes 10 times as long.

Compare Costs of Mining Hardware/Mining Pool. Resource-intensive assets, such as BTC, cannot be mined with GPU. Be ready to invest thousands of dollars in an ASIC.

With a GPU, it’s possible to mine lightweight currencies, such as MONA or VTC. A graphics processing unit costs hundreds of dollars but not thousands.

Start Mining Cryptocurrency

Place your equipment in a safe location where it won’t disturb anyone. Ideally, it should be an area where energy is affordable. Make sure the electricity and Internet are stable. Consider joining resources with other miners to maximize your profit.

[cryptoreach]

How to make money with Blockchain Technology?

What is Blockchain Technology?

Blockchain is a distributed, unchangeable database that makes it easier to track assets and record transactions in a corporate network. An asset might be physical (a house, car, money, or piece of land) or intangible (patents, copyrights, branding, and intellectual property). On a blockchain network, practically anything of value may be recorded and traded, lowering risk and increasing efficiency for all parties.

Why is it important ?

Information is essential to business. It is best if it is received quickly and is accurate. Blockchain is the best technology for delivering that information because it offers real-time, shareable, and entirely transparent data that is kept on an immutable ledger and accessible exclusively to members of a permissioned network. Among other things, a blockchain network can track orders, payments, accounts, and production. Additionally, because everyone has access to the same version of the truth, you can see every aspect of a transaction from beginning to end, increasing your confidence and opening up new prospects.

Making money with blockchain technology can take various forms, and your approach will depend on your skills, resources, and risk tolerance. Here are several ways to potentially earn money with blockchain technology:

Investing in Cryptocurrencies: This is one of the most common ways to make money with blockchain. Buy cryptocurrencies like Bitcoin, Ethereum, or other altcoins and hold onto them, hoping that their value increases over time. Remember that cryptocurrency investments can be highly volatile, so it's essential to do your research and only invest what you can afford to lose.

Trading Cryptocurrencies: If you have a good understanding of market trends and technical analysis, you can engage in cryptocurrency trading. This involves buying low and selling high to profit from price fluctuations. Keep in mind that trading can be risky and requires a lot of time and effort.

Mining Cryptocurrencies: Cryptocurrency mining involves solving complex mathematical problems using computer hardware to validate transactions on a blockchain network. Miners are rewarded with newly created cryptocurrency coins and transaction fees. However, mining can be capital-intensive and may not be profitable for everyone due to high energy costs and increasing competition.

Staking Cryptocurrencies: Some blockchain networks offer the opportunity to stake your coins by holding them in a wallet and supporting network operations. In return, you earn rewards in the form of additional cryptocurrency tokens. Staking can provide a relatively passive income stream.

Blockchain Development: If you have programming skills, consider becoming a blockchain developer. Developing decentralized applications (DApps) or smart contracts for blockchain platforms like Ethereum can be lucrative. Many blockchain projects are in need of skilled developers.

Blockchain Consulting: If you have expertise in blockchain technology, you can offer consulting services to businesses and organizations looking to integrate blockchain into their operations. Providing guidance on blockchain strategy, implementation, and security can be a valuable service

Running a Masternode: Some cryptocurrencies use masternodes to support network functions, and operators of these nodes are rewarded with tokens. Running a masternode typically requires a significant investment in the respective cryptocurrency.

Participating in Initial Coin Offerings (ICOs) or Token Sales: ICOs and token sales offer opportunities to invest in early-stage blockchain projects. However, they are risky, and it's crucial to research the project thoroughly before participating.

Becoming a Validator: Some blockchain networks, like proof-of-stake (PoS) or delegated proof-of-stake (DPoS) chains, allow individuals to become validators by locking up a certain amount of cryptocurrency as collateral. Validators help secure the network and receive rewards for their services.

Creating Educational Content: If you have in-depth knowledge of blockchain technology, you can create educational content such as blogs, courses, or YouTube videos. You can monetize this content through ads, affiliate marketing, or by selling premium courses or ebooks.

Joining Freelance Platforms: Platforms like Upwork or Freelancer often have blockchain-related jobs, including writing, design, marketing, and more. You can offer your services to blockchain projects in various capacities.

Blockchain Investments and Startups: Consider investing in blockchain startups or venture capital funds that focus on blockchain technology. This can provide exposure to emerging projects with growth potential.

Remember that the blockchain space is rapidly evolving, and opportunities and risks can change quickly. It's crucial to stay informed, diversify your investments, and be cautious of scams and fraudulent schemes in the blockchain industry. Additionally, seek professional financial advice if you are unsure about your investment choices.

[noticiaas]

¿Kuailian es una estafa?

Alrededor de Kuailian se han generado muchas dudas, y existen sospechas de que la plataforma de criptomonedas podría ser una estafa, al menos si creemos las opiniones de algunos usuarios descontentos y ciertos expertos del sector.

Kuailian trabaja en el segmento de las criptomonedas, unas divisas virtuales altamente especulativas, y además apenas hay regulación por parte de las autoridades económicas. Si bien las inversiones en Bitcoin pueden ser muy rentables, ya ha ocurrido más de una estafa utilizándolas como "gancho".

Aunque el nombre de Kuailian es chino, en realidad detrás de ella están dos españoles: David Ruiz de Leon y Javier Hermosilla. Su página web sitúa el domicilio social en Estonia, algo que tampoco es nada extraño considerando que las empresas suelen ubicar su sede donde mejores condiciones encuentran.

La polémica de Kuailian fue desatada por la firma Tulip Research, que en un informe la calificó de "esquema Ponzi". Es un tipo de estafa donde un negocio no es capaz de generar beneficios reales, y que paga a los inversores iniciales una alta rentabilidad con el dinero de los que se van uniendo posteriormente.

Llegado cierto punto, es imposible seguir pagando los beneficios, y ciertos indicios levantan sospechas de que Kuailian podría estar cerca de ese momento.

En especial, porque un grupo de clientes españoles ha denunciado a Kauilian y esperan el juicio en la Audiencia Nacional con acusaciones de estafa, blanqueo de capitales y falsedad documental.

Consideran que Kuailian no les está ofreciendo la rentabilidad prometida, y que no hay una razón justificada para ello, pues Ethereum (su principal criptomoneda) ha subido su cotización de forma importante.

No parece que vaya a llegarse a un acuerdo antes del juicio, y los clientes de Kuailian temen recuperar menos del dinero que invirtieron. Además, consideran que el proyecto cada vez es menos transparente y que los últimos cambios les perjudican.

¿Cómo funciona Kuailian?

La idea detrás de Kuailian se basa en los Masternodes, un elemento de la tecnología blockchain que se encarga de gestionar los intercambios de monedas virtuales. Los usuarios que sostienen los Masternodes reciben un porcentaje por ello, y en eso se basa la rentabilidad de Kuailian.

Un Masternode de Ethereum no es gestionable por un solo particular, así que Kuailian recoge las inversiones de sus clientes y entrega beneficios procedentes de su gestión.

El depósito mínimo son 100 dólares (convertidos a Ethereum) durante 1.000 días, más un coste de 49,95 dólares por el registro, aunque algunos inversores han aportado mucho más dinero.

Se prometían rentabilidades hasta el 20% en las modalidades más arriesgadas, que al principio se abonaban, pero ahora parece que ya no se alcanzan. Algunas estimaciones apuntan a que la campaña de publicidad con influencers de Kuailian puede haber logrado obtener hasta 1.500 millones de dólares en ingresos.

El informe de Tulip Research incluso duda de que posean los Masternodes que afirman, algo que haría del servicio una estafa si realmente es así.

En conclusión, hay demasiadas dudas alrededor de Kuailian para recomendarlo. Deberán ser los tribunales los que determinen si es una estafa, pero por ahora no nos parece demasiado fiable mientras no se disipen estas polémicas.

Marcel Mesmar

[premierteam]

Masternode And Full Node Review

Masternode And Full Node Review

Masternode And Full Node Review

  Welcome to this review of the Karagold, Gold Standard Bank Masternode and Full Node offer which is now available. To register for more information and to see the pdfs described in this review please click HERE

The Karatgold Ecosystem has been building since January 2018 and over one hundred million euros has been raised by the project. Toward the end of 2019 The…

[cryptocurrencymasternodes]

Yieldnodes Reviews

This is a review of Yieldnodes for bitcoin investing. It is the best way to earn bitcoin in 2020 and beyond. Visit: https://tradewise.community/wp-content/uploads/2020/09/Yieldnodes-review-2020-768x768.jpg

[pacglobalofficial]

PAC Global in Top 5 Largest Block Chain Networks

According to a research paper that was published on Crypto News Flash. The network size for each cryptocurrency can be seen below: 

PAC Global in Top 3 Largest Masternode Networks

At the time of writing - December 15th, 2019, the Top 3 largest Masternode Networks consists of Horizen with 28,546 active nodes followed by Polis with 5,964 active nodes closely followed by PAC Global with 5,952 active nodes, who are taking turns being on second place; according to Masternodes Online. 

Sources: 

[1] https://www.crypto-news-flash.com/numbers-of-nodes-horizon-bitcoin-and-ethereum-are-the-largest-networks/

[2] https://masternodes.online/

[thomashauzenberger]

[hindibali]

how to make cryptocurrencies a passive income source

We will walk over how to make cryptocurrencies a passive income source with this post.Staking has advantages as well.Keeping your bitcoins in a staking wallet can enable you to obtain incentives for it and help keep the network alive. farming producing a plenty of food 🌟Giving money to platforms included in a technology known as distributed finance (DeFi) allows you to earn rewards or interest.Blockchain-based bank accounts sound fantastic ðŸ.Like accounts you would acquire from a real bank, your bitcoin should be kept in interest-bearing savings accounts. Being a masternode, I am exactly what I am.Regular benefits will be given in exchange for your assistance running a masternode, a component of preserving a blockchain network. This is what you will be helping for.Platform companies that simplify loan application processesLending your cryptocurrencies to others using BlockFi or Aave will generate interest on them. One can assist their finances by doing this. More precisely, it represents a sign that might bring benefits.You ought to give investing in dividend-paying tokens some serious thought. You will thus have a consistent income source. Tokens that cannot be exchanged for other tokens are being paid royalties.Those with royalty terms will be able to create and trade non-fungible tokens (NFTs). Should an NFT subsequently be sold once again, you will be paid a cut of the earnings. Among other things, passive income can be generated in the bitcoin environment by staking, yield farming, crypto savings accounts, masternodes, lending, dividend-earning tokens, and NFT royalties. Another kind of site capable of producing passive income are masternodes. These are only a handful of the several ways you may generate passive income from different pursuits. Among other things, masternodes, yield farming, and blockchain technologies have been used. These constitute only a handful of the options. Read the full article

[dashpaynews]

Произошёл “халвенинг” Dash

Вчера Dash снизил вознаграждение за блок ещё на 7,14%, что позволяет сети контролировать инфляцию, а также облегчить переход к основанной на комиссиях сети.

Dash снижаетэмиссию монеты на 7,14% каждые 210240 блока, или примерно раз в 383,25 дней. Для сравнения, Bitcoin уменьшает выпуск своей монеты на 50% каждые 4 года, и это намного более резкая корректировка, и в таком случае 99% всего запаса…

[awesomecodetutorials]

The Cryptocurrency Bible™ | Bitcoin, Ethereum, Altcoin.. ☞ http://bit.ly/2OzhlOn #bitcoin #Ethereum

[mnroiinfo-blog]

The Battle Over Masternode Coin and How to Win It !!

You may need to sell your coins at an inexpensive price. Therefore DP coin is extremely secure and secure with very straightforward usage! The coins don't will need to get set in the masternode, but they have to be kept in a particular way transparent to the whole network. IFX coins are offered at Crypto-bridge. It will not be easy to sell that sum of coin since there will not be a buyer for this quantity. If you get an excellent coin that shows stable growth, it's important to understand what's going to happen, and whenever you have an absolute train wreck (and you will), it's also important to understand what is going to happen. That means you need to stay away from such scam coins. 

You have to lock a particular quantity of coins in your wallet to be able to be qualified to host your best masternodes. If it's a POW coin it will get somewhat more complicated as you can't acquire new coins without mining. Never put money into a coin which you do not believe in wholeheartedly. The coins don't will need to be in the Masternode, but they should be kept in a particular way. It is like a pie that gets baked every day. That means you may currently be interested to stake your own coins and establish a masternode. In case there are numerous coins that share the exact same port number, that means only one of them is going to have the ability to LISTEN for connections. 

You'll receive rewards straight to the local wallet. The rewards are then going to be split in line with the percentage invested by every member. You are going to receive rewards many times every day, straight to your wallet. It's also really interesting in that the reward isn't static and will be determined by the network. Profit rewards are rather low for Straits staking in comparison to its peers, but should you have no small quantity of START, then you are able to think about staking it.

Wallets are offered for download. Your wallet is below your control in any way times! Digital Price wallet doesn't need any installation since it's contained in one executable file. Before starting, please be certain to encrypt and backup your wallet. To be a GenesisX masternode operator, all you've got to do download your particular wallet, and after that purchase 5,000 XGX coins. Then visit the exchange and buy the necessary collateral of 1,000 Velum Coins, which you then send to the local wallet. You are able to also hold an internet wallet of the coins of your choice. 

Ensure you the necessary amount of coins is available on your neighborhood wallet. Penguin Coin strives to give the world with an user-friendly, functional and meaningful cryptocurrency. So, it's strongly advised if you've already invested in the coin, you should process for swap once possible. It is quite easy to fork another best masternode coins. One other important issue is that you're able to stake any amount because there is not any cap on it, thus making it low-barrier. It is that you can stake any amount as there is no cap on it, which I think is a nice low-entry barrier.

The New Fuss About Masternode Coins 2019

In the instance of distinct coins, so long as the port numbers don't conflict, you can run multiple coin upcoming masternode Coin on an identical VPS and you will likely be fine. You're Holding a great number of coins by running a masternode and therefore, you need to make sure you have confidence on the undertaking. Consequently someone with only a little number of coins can have a stake in a masternode. In addition, the wallet address will no longer qualify for rewards either. 

To create a best masternode, a user should lock in a given amount of coin. Now users who have any quantity of masternode coins may enjoy the advantages of running a masternode. You will realize that the transaction you simply made is a transaction to yourself. When the transaction is done it is completed! Life, Death and Masternode Coin

If you obey my instructions, you are going to have reasonably secure and scalable setup. The next step-by-step instructions will make it possible for you to do so in a few of minutes. There is an increasing subset of cryptocurrencies referred to as masternode coins list. So if you're holding such a POS cryptocurrencies, then I believe that you need to know how to get started earning dividends by staking them in the most suitable wallets. It's usually not presently feasible to buy alternative cryptocurrencies like Harvest Masternode Coin directly using US dollars. You are unable to run a partial Masternode, and therefore, you won't be in a position to re-invest your earnings until you have sufficient coins to obtain another complete Masternode. 

Visit now: Mnroi.info team is developing new features for masternode community. We will always try to provide best solution for be MASTER in Masternode Coin. The Best Masternode the most accurate statistics analysis with 99.99% perfection. We have decided to give best service on Crypto World. Mnroi.info is masternode coin listing service. We are not recommended to any user to for invest money in particular coin.

[iamadevelopers]

Cryptocurrencies Price Analysis, September 19 ☞ https://viralchain.net/p/Hk81v2xtm/cryptocurrencies-price-analysis-september-19 #Blockchain #Bitcoin

[developer-tv]

Bitcoin & Ripple Course (2 Course Bundle) ☞ http://bit.ly/2okUJ90 #Bitcoin #Ripple

[culttoday]

Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries