Topic: Can you explain what a Masternode is ? (Read 287 times)
That's DASH. This forum is for Bitcoin. I think you will get better answers if you ask in a DASH forum such as https://www.dash.org/forum/
And what is the process after owning those 1000 dash?
Do you have to keep the wallet connected online all the time ?
How much would you get paid if you own a masternode?
Is it more profitable than staking your coins?
Do you have to keep the wallet connected online all the time ?
How much would you get paid if you own a masternode?
Is it more profitable than staking your coins?
To put it simply, a masternode is where you can generate yield just by holding a certain specific amount of cryptocurrency. Sort of like mining, but without all that hardware expenses. A good example would be DASH, whereas you would need 1000(correct me if I'm wrong) DASH in a local wallet. So to answer your question, yes you need an initial investment to run a masternode.
It's been mentioned many times on the forum, but I cannot find information about Masternodes.
What are they ?
Are they a special software / hardware ?
Do you need initial investment to own one ?
What are the benefits of having a masternode ?
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