Masternode stats

Intro about masternodes

A masternode is an important component of the privacy-enhanced cryptocurrency. Masternodes are servers on the Internet that enable instant transactions and perform the trustless anonymization of users' funds. Also known as bonded validator systems, masternodes are a series of servers that underpin a blockchain's network. They are responsible for enabling specific services that miners under proof of work cannot accomplish.

Some masternode functions :

  • Increase privacy of transactions
  • Do instant transactions
  • Participate in governance and voting
  • Enable budgeting and treasury system in cryptos