Masternodes What Is – Header



NOTICE – Masternode rewards reduced

IMPORTANT: Please note that most masternode operators are not receiving regular rewards due to a network issue that affects all Dash-forked coins. We have evaluated the problem and have determined that the best way to fix it is a major wallet update that will require a hard fork. This hard fork is currently scheduled for the upcoming block halving but as of the writing of this message our new wallet is not ready for testnet. We will update this message, as well as tweet and post in our discord when we have additional information to share.

What is a Masternode? – Section #what-is-a-masternode-info

What is a Masternode?

A masternode is a network server which performs service functions on the blockchain like InstantSend and PrivateSend (coin mixing) and increases the network’s stability. In return for these services, masternodes receive a portion of each mined Chaincoin block reward, currently 45%, as well as transaction fees on a periodic basis.

Any interested party can run a masternode and assist in fulfilling the objective of providing a true global level of decentralization for all countries, geographies, individuals, companies and organizations.

Masternode setup requires 1,000 Chaincoin (CHC) to be sent to the operator’s wallet, a form of Proof of Stake. Masternodes also receive voting rights on the proposals in the network to help guide future expansion.

YOU can become an integral part of the community by going through the masternode setup process and helping us on our way to becoming the largest network in the world providing blockchain based Instant Secure Transactions with Chaincoin.

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