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
Whitelist
List of approved participants that will be given access to a token sale (ICO, IEO, STO etc...)
Interoperability
Interoperability refers to the property of product/systems that are able to work with products/systems that are different without any restrictions.
Ledger
A record of financial transactions that cannot be changed, only appended with new transactions.
Mining Pool
Combination of resources of several miners to obtain a higher mining power and thus achieve greater rewards for the opening of blocks.
Hungry for more knowledge?
Back to Glossary or Subscribe to our newsletter.