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