MASTERNODE DECENTRALIZING PAYMENTS FOR SPORTSBOOKS | 1X2COIN CRYPTOCURRENCY

by birtanpublished on October 2, 2020

What's up crypt okay welcome back to another episode if you guys are new here we do a giveaway at the beginning of every single episode and today's winner is Alan at Scarborough thanks so much for commenting on a previous video with your wallet address Alan I just sent you some crypto on this episode I go over one by two coin it is a new decentralized payment system that is entirely focused on crypto sport book and sports bag works books is like a technical term for bookie that is keeping track of all of the different bets that are taking place for a specific sporting event in the past I've

Covered a couple different master nodes that are focusing on betting like in eSports and things like that as a quick disclaimer this is not a sponsored review but 1×2 coin is doing a campaign on grow your base and as I've done in the past I've covered awesome projects that are launching campaigns on the grow your base platform so I'm gonna be putting a link to that in the description below so you guys can go get them love on some social media sharing around and sign up give it a try and let me know what you think in the comment section below but what my two point is

Focusing primarily on the payment solutions that is though on an offering so they are allowing people to download the extra node support the network that has a pretty high ROI at the moment and decent volume so I was excited to get my hands on one of the master nodes with all that being said what I want to do in the video is just set up a master node show you guys the process I know you guys have seen it a lot in the past where what we're gonna do is go on Jen terraeum which is a shared service very similar to Jen coin your – and your snowed what we're gonna do is we're

Going to download the QT core wallet and we're going to go into the master node config file we're going to add the snippet of code the gent areum provides us with and that lets them link together for the hosting process so once we get that and put it into the master node config file you can close your wallet relaunch it and you can send yourself a transaction that is the collateral without further ado let's dive into my overview of their website as well as setting up the master node on Jen terraeum and let's dive right into it as you guys can see right when you come to

The website they have this really slick cool video one by two coin here and I just wanted to quickly show you guys this because this is really very very cool mark tactic that I haven't really seen before where it's like this extremely slick matrix looking like video so if you guys have asked about my recent videos about sports betting and part of the reason is because it is such a mega industry and I'm glad that one by two goes over the industry size here it makes up of 30 to 40 percent globally of the gambling

Market size which is crazy to think about that is a massive industry 337 point nine billion in the US and it's constantly rising so 37 billion dollars is going into sports betting love the idea of masternodes supporting these types of network that's why I've been talking about it and that's why you guys I believe is why you guys continuously send me these and tell me to go through these so the purpose of one by two is to become one of the crypto currencies accepted in crypto sports books as payment option deposit and withdraw this is just phase one so it's mainly like an

On and off ramp for the sports book platforms which is a little different than the ones that I've talked about in the past because it is the on and off ramp intended for the industry lessor so of a platform but it's mainly focused on the actual deposit and withdraws of sports books in crypto which is a very powerful and it's almost like providing the shovels needed during the gold rush type concept of the sports betting market and I'm a big fan of using masternodes that you guys know to support these types of networks and on and off ramps or anchors as they're

Called in the space is a very very key component to mass adoption so the goal Bing goal is to serve cryptocurrency that is used by our partners worldwide which accept cryptocurrency for transfer of funds so there are different sports books out there that accept different types of currencies all across the world so it makes sense that that on and off ramp would be provided by something like a master node supported network and very cool mission once we pop over to Ghent area we will go to the coins cage just similar as before with the previous tutorials I've done we will type in one

By and it will come up once you've typed in just one X it comes up as 365 percent ROI required a thousand one by two coin the price is about a hundred dollars hosted one hundred and fifty nodes and it's listed on two exchanges with their different social media and community down below so we will install one of these master notes and we're not doing shared we're doing the full node and I'm a big fan of doing the full instead of doing shared but I like the option of being able to invest partially in these master notes so we click install always important to remember that you have to

Have a balance on the hosting platforms that you're using it isn't their best interests to have that as their fee like they need to know that you are on the platform and you're going to pay their tariffs or their fees an auditorium they call it a tariff but it's just a theme whether it's monthly or quarterly or daily so what you're gonna do is you're gonna select the blockchain to run the master node on which is one by two coin that your wallet must contain a thousand one by two which it does and we're going to click Next you will select the tariffs that you want to pay I like

Doing daily a lot of people prefer monthly but I've been more interested in daily recently so we're gonna click daily next and this is the screen where you are going to go to your wallet you're going to send yourself the collateral transaction and from there you're going to take that transaction ID where you have locked up your coins on your core wallet and you're going to paste that here and once you've done that the output index is usually I believe one but the output index is pretty straightforward when you go through console and you can see exactly

What you need to be putting in there it's a pretty basic but if you guys have any questions you can just click show guide and it will give you all the instructions that you need to follow exactly down the petite as to what you need to do and as I said before show masternode tab if it's not showing because I have had comments in the past about the masternode tab not showing in a core wallet so just keep in mind settings options wallet and then you can show master notes but it will be on there for most of these projects that it's pretty much the

Default is showing masternode and all all public master notes and then your master nodes with the aliases so this is the step by step instructions of what you'll need to do and like I said the transaction ID is your collateral transaction so I take a thousand one by two coins send it to myself and then use that transaction ID after I go into transactions and click double click on the transaction itself a copy paste put that in here I find my output index and I name it and I will name this one by two master node and I will go ahead and enter this in and it will start up

Pretty quickly that is it for my overview of one by two coin setting up their master node on gen terraeum and as I said before they are doing a campaign on grow your base and the link to that is in the description below a lot of you guys reached out to me about sports betting and there's a lot of very passionate people about different projects in this space I had no idea that sports betting was such a massive industry that is being disrupted right now by master the network when you're dealing with a large group of people that are passionate about one team or a

Couple different teams or a different sport it makes sense that you're putting in this be centralized payment network but I'm really interested in where this space is gonna go and you guys actually suggested sports betting more in the comments on previous videos you are interested in all the other options and now I've gone through the vast majority of the top options out there based on your request and that's one thing that I really want to keep doing on the channel so if you guys are interested in learning more about the different masternode networks that are out there

Supporting these really interesting kind of fringe industries let me know in the comment section below and that's it for this episode I hope you guys liked it if you did slap a like if you're new here don't forget to subscribe got some exciting a new series coming out and I will see you guys on the next episode of hot crypto

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