What is a master node?

[Kesari]

Hi everyone,  I have a question that what is a master node and how it is different from other coins?? 

[1713411027]

1713411027

[1713411027]

1713411027

[1713411027]

1713411027

[mmo_online_1981]

Hi everyone,  I have a question that what is a master node and how it is different from other coins?? 

You can learn more about masternode here:
https://masternodes.online
There is much information for you to refer! Overall a lot of altcoin with masternode failed! Be careful when deciding to join!

[jossiel]

Hi everyone,  I have a question that what is a master node and how it is different from other coins??  

Masternode isn't a coin that can be different from other coins. By running a masternode, you need to have the specific and required amount of coins to hold on their respective wallets to receive reward. For example with masternodes.online, you see "# required" and how much is that minimum required coins in $. You'll see how much potential income you'll get daily with it.

There are many descriptions about its basics if you google it and be careful with choosing any of them because there are scammers that are also using masternodes so people would buy their coins.

[Rory Kylo]

Masternode can be understood as a "server" in the system of digital money that helps to transfer transactions quickly and also performs other specific functions in that system, so that Running it we have to invest in return we will be compensated by the corresponding reward on each dug

[neverPM]

Does every project need a master node?

[Marcel666]

Overall a lot of altcoin with masternode failed! Be careful when deciding to join!

I know of a project which has been successful thus far at least and it integrates masternode.
Those who set up masternode get 16% of their total coins every month, and this encourages people to Hodl.
In the long-term they might have to reevaluate the process to remain relevant

[Vindon]

In simple words, masternode ensure that blockchain of specific coin will exist even if there are not miners. You need at least lower required amount of coins and you need a server. Server have 24/7 access to internet and on that server is your masternode. As a reward for having masternode you will get some percentage. Reward depends on coin. Some coins give you voting power as well. That mean, all masternode owners vote will some specific change be implemented on that coin or blockchain. Depending on market value having masternode can be beneficial.

[jazz007]

Masternode is a feature of a coin  ..... some coins can have MN and some do not .....

MN keeps the node running of a coin .... if any user setups a MN it also helps him earn some reward coins in MN ...