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
Stale Block
Double mined blocks that are not included in the blockchain.
Multisignal (multi-signature)
They are wallets that require more than one key for transactions to be authorized.
Staking
The state of locking-in significant amount of token to participate as a validator of a Proof-of-Stake network.
Non-Fungible Tokens (NFT)
They are collectible elements within the Ethereum blockchain under ERC-721, where each token refers to a single element with a certain value
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