Masternodes
By CoinGecko | Updated on Mar 03, 2020
Computers that are responsible for processing blockchain transactions and receive a reward when a block is mined. To create a masternode you need a large amount of coins from the cryptocurrency for which it is developed.
Related Terms
All-Time-Low (ATL)
The lowest point (in price, in market capitalization) that a cryptocurrency has been in history.
Proof of Work (PoW)
A consensus algorithm in which a block is validated via mathematical hashing
Testnet
Shorthand for "Test Network", testnets are staging areas for experimenting new blockchain features.
Permissioned Blockchain
It is a private blockchain where the nodes must be previously authorized by a central entity.
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