Golden
Masternode

Masternode

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 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

Name
Symbol

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

Name
Role
Related Golden topics

Further reading

Title
Author
Link
Type

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

Title
Date
Link

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

What is a Masternode?

December 4, 2017

Companies

Company
CEO
Location
Products/Services

References