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
Mining Contract
Another term for cloud mining, where users can rent or invest in mining capacity online.
Secure Asset Fund for Users (SAFU)
A feature created by Binance which contains reserve funds that can be used to reimburse users in case of a catastrophic event (eg. exchange hack)
Batch Auction
A Batch Auction distributes an amount of tokens to users that is proportional to their contribution to the pool.
Block Height
A number that is used to indicated the position of a particular block within a blockchain
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