Masternodes

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Masternodes are nodes running the same wallet software on the same blockchain to provide extra services to the network. These services include:

  • Anonymization increased privacy of transactions
  • Instant transactions
  • A decentralized governance
  • A decentralized budgeting system
  • Immutable proposal and voting systems.
  • For providing such services, masternodes are also paid a certain portion of reward for each block. This can serve as a passive income to the masternode owners minus their running cost.

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