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RE: Cryptocurrency Masternodes: explained in every day language

in #cryptocurrency6 years ago

To add to this: there are staking masternodes and proof of work masternodes. Staking masternodes is like you wrote: you just have to keep a certain amount of tokens in a wallet. For a proof of work masternode, you need to keep the wallet online. The blockchain depends in that case on those wallets to keep the network up. I personally only have a staking masternode. I haven't bothered setting up a system that needs to be online all the time.

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Hi @frankvvv
Thank you for your comment adding to the article.