What is a Masternode?
What is a Masternode? Masternode, in simpler terms, is a series of servers that support the decentralized blockchain network. Most of the Masternodes work on consensus mechanism known as Proof-of-Stake or Hybrid Proof-of- Stake + Proof-of-Work. Masternodes are the nodes in the immutable blockchain network which processes instant transactions and introduce new blocks in the…