What is Masternode

A master node is a sort of node on a blockchain that has a specific set of capabilities. Masternodes validate transactions and maintain entire copies of the blockchain on which they operate, serving as a centralized storage space for the network. To safeguard their networks, blockchains employ master nodes in conjunction with the Proof of Stake or Proof of Work consensus algorithm. The term "masternode" originally appeared in connection with the cryptocurrency Dash and its accompanying blockchain. Before they may run master nodes, Dash members must have a particular amount of digital currency. Furthermore, master nodes on the Dash network perform several specialized tasks such as instant transaction authorization. However, the criteria and duties differ amongst blockchains. If a machine satisfies the network's computing requirements, it can become a masternode.

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