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
Hard Fork
It is a permanent divergence of a blockchain into two blockhains. The original blockchain does not recognize the new version.
Proof of Work (PoW)
A consensus algorithm in which a block is validated via mathematical hashing
Rug Pull
Sudden removal of liquidity which typically leads to asset prices crashing from the lack of liquidity to absorb buy/sells.
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