What Is A Masternode?
A masternode is a network server which performs service functions on the blockchain like PrivateSend (coin mixing) and Governance Voting and increases the network’s stability. In return for these services, masternodes receive a portion of each mined Chaincoin block reward, currently 20%, 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 Private Secure Transactions with Chaincoin.