How Do Masternodes Work?
Much like proof of stake, masternodes rely on staking a certain amount of a given currency within the currency’s network. To establish a masternode, you’d first need to buy a substantial amount of DigitalPrice. A masternode for DigitalPrice, for example, requires 25,000 DP. Once a masternode is live, it accommodates a unique series of functions, such as instant and/or anonymous payments. They also enable a decentralized governance system that allows node operators to vote on important developments within the blockchain. As compensation for their troubles, masternodes typically share an equally 66% of block rewards with the blockchain’s miners.