What is masternode

[Liternyy]

Masternode, or master-log is a server in a decentralized network. It is used to perform unique functions that ordinary (incomplete) nodes can not implement. These are direct / instant transactions or private transfers.Because of their great capabilities, such network nodes usually require significant investments to raise the masterwork. But then the server operators are encouraged by the crypto currency by getting a part of the rewards for the block in the block that they support.

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[dhanushilakshani]

Masternodes are PCs that run a dash wallet and decide, for example, locking exchanges with InstantSend, facilitate blending of coins, and voting on spending financing. ... Normally, around 2 dash is paid to each masternode each 7 days.

[coromabur]

Hello. I have been searching for masternode. Can anyone tell me what is masternode and how can we earn from them ??

From an article I've read, Masternodes are nodes that run the same wallet device on blockchain, aiming to provide extra service to the network. The method can be a passive income for the owner of the masternode minus its operational costs. The method itself is divided into blocks of blocks and each Masternode will get a certain portion of the prize for each block. Hopefully my opinion can be helpful

[oludare1]

Masternodes provide the opportunity to invest in Cryptocurrencies with the added benefit of earning guaranteed extra coins in addition to gaining exposure to the large potential increases in value that can come within the Cryptosphere and owning cryptocurrencies.

These coins are awarded through running a node and as covered later in this article these rewards can also be used to generate rewards on top of your rewards.

[vivekyuvan]

A masternode is from the cryptocurrency Dash, and it acts as a manager for the system while also performing special jobs and earning Dash as a reward.

[Hirikama29]

Masternode is a server that performs various service functions on a blockchain. Masternode is a full blockchain wallet, running online at a fixed static IP address. Masternode owners will receive a bonus payment for providing special services to the network.

[jassicaket]

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.

[nakamura12]

What is masternode?
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 in Bitcoin/Litcoin.

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.

Note: Mostly the masternodes perform the tasks that I have listed above but it can slightly vary from cryptocurrency to cryptocurrency depending upon how masternodes have been implemented. But more or less they perform these functions in a cryptocurrency.

Source: What Is A Masternode?

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