Project Crux started with multiple ambitious goals from the start. Crux aims to be a cryptocurrency that will be masternode ranking platform currency, will have payment gateway, automated masternode hosting and finally its own new tech debit card.
They offer you a new Crux Debit Card that will help Crux Debit Owners to convert it also to
Cryptocurrency. Crux enables your suppliers and customers to spend at over 38 million merchants worldwide. Debit Cards generated by Crux will provide full access to the best-known payment network in the world.
The Crux Card enables users to spend funds to any store of value he/she controls. They are working hard to enable users to connect everything from bank, airline mile, and alternative currency accounts to their Crux Card.
CAN I USE ANY OTHER CRYPTOCURRENCY OTHER THAN
CRUX ITSELF?
Yes. Whereas payment services will start with Crux as you can see from their whitepaper. Crux card eventually support other alternate cryptocurrencies. The crux coin support other cryptocurrencies by withdrawing fiat money from the ATM for all cryptocurrency. It will make the users to purchase things using the debit card.
Debit Cards for Community Voted Currencies
One of the exciting features that is planned is to create a platform or a system that will allow users to vote for their coins. Users will vote with CRUX and selected currencies will be offered an option to issue debit cards for their currencies.
Ecommerce Platform
Crux team will also create a decentralized marketplace which will operate with various selected coins along with CRUX. Team plans to bring some new gamechanger features for the platform.
Masternodes can be thought of as a second tier of incentivized infrastructure.
They are full nodes that provide services and validations on the blockchain that miners do not, but unlike Bitcoin full nodes, masternode operators are rewarded economically, just like miners in a proof-of-work system.
Masternodes are also called “bonded validator systems” — they require a bond or collateral in order to operate, and they provide validating services to the network.
The exact “bond” required for operating a masternode varies across projects, but is usually set at a significant amount in order to ensure the masternodes perform their tasks correctly. If masternodes validate blocks incorrectly, for instance their bond is slashed. The high staking requirement also mitigates the risk that one party controls a majority of masternodes at once.
The most interesting thing about a masternode system is perhaps its implications on the economic dynamics of a network.
The built-in incentive to hold coins as a staking collateral suppresses velocity, which is defined as total transaction volume divided by average network value, and can be understood as the turnover rate of an asset or the amount of times an asset changes hand within a network.
For users of a blockchain network, masternodes may signal enhanced stability and network loyalty, as there is a layer of the infrastructure incentivized by the large initial staking investment to stick around and do its job correctly.
Various coins have different designs for dismantling a masternode and recovering staking collateral, but most payouts happen only periodically, which means that pulling out the collateral jeopardizes the most recent payout. Contrast this with miners, who can frictionlessly switch work across blockchains in response to changing rewards
