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What is a masternode and how can you make money from it?

Masternodes are nodes in the cryptocurrency network that are responsible for verifying and approving transactions. Also, the list of responsibilities includes increasing the speed of work and user safety.

Masternodes are servers or computers with a static IP address. The prerequisites for work include a running wallet, full synchronization with the blockchain and round-the-clock activity.

The full functionality of masternodes depends on the type of coin. In the same Dash, anonymous transactions pass through masternodes, and without a queue.

In theory, the process resembles mining - a masternode adds a new block to the blockchain and receives a fixed reward. But there are also differences.

Luck doesn't play a role in masternodes. The network rewards the nodes that have not received the payment longer than the others;

The need for more modern hardware and the most powerful graphics cards and ASICs is no longer needed. An average computer can handle the launch of a masternode.