Masternodes
By CoinGecko | Updated on Mar 03, 2020
Computers that are responsible for processing blockchain transactions and receive a reward when a block is mined. To create a masternode you need a large amount of coins from the cryptocurrency for which it is developed.
Related Terms
Transaction Fee
A payment to the network for performing a transaction to be recorded on the blockchain.
Over The Counter (OTC)
It refers to the process that cryptocurrencies are being traded outside exchange and it is done directly between two parties
Scrypt
one of the hashing algoritm used in proof-of-work protocol, scrypt requires more memory in order to performing mining functions
Whitelist
List of approved participants that will be given access to a token sale (ICO, IEO, STO etc...)
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