anyone know what is masternode?
Take me less than one minute to find the answer
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.