A masternode is a special type of node in a peer-to-peer network which guarantees a minimum level of performance and functionality to perform certain tasks in exchange for a financial incentive. A master node is a full cryptocurrency node or cryptocurrency wallet that contains a full copy of a blockchain and acts similar to a server on a decentralized network.
Masternodes are useful for performing special functions and have special features that are made possible through containing a full copy of the blockchain, these include: increasing transaction privacy, performing instant transactions, governance and voting participation, and enabling a budgeting and treasury system on the blockchain.
Cryptocurrencies using masternodes
BitSend
BVSD
Blocknet
BLOCK
Crown
CRW
DASH
Dash
Diamond
DMD
GoByte
GBX
ION
ION
Linda
LINDA
MonetaryUnit
MUE
NEM
XEM
NoesCoin
NEOS
Phore
PHR
PIVX
PIVX
Pura
PURA
SIBCoin
SIB
Solaris
XLR
Syscoin
SYS
XTRABYTES
XBY
Zcoin
XZC
Timeline
People
Further reading
What are Masternodes? Complete Beginner's Guide
William M. Peaster
Web
What Is A Masternode And How Is It Useful For Cryptocoin Investors
Sudhir Khatwani
Web
Documentaries, videos and podcasts
Masternodes Explained For Dummies! "Passive Income" or Waste of Time?
August 7, 2018
What is a Masternode and How to Profit Off it? [$Dash/$Pivx/$Excl]
June 21, 2017
Companies