What is a Dash masternode and why is it important?
I have been talking alot about Dash coin lately and i have been doing alot of research into this crypto. I feel that this crypto could make it to be number 2 crypto when it comes to price and market price. Dash offers many benefits but one i want to talk about is a Dash masternode. I want to explain what a masternode is and why its important to the Dash network. I personally believe when it comes to mass adoption Dash has the best chance at this besides BTC.
What is a masternode? These are servers or computers that run a Dash wallet online 24/7. They are important for many things to happen on the network like Locking transactions, Coordination of mixing of coins and more! Dash masternodes are required to have 1000 Dash coins, and dedicated IP, and they have to be online 24 hours a day in order to get paid. People who run this get paid 10% a year on the 1000 coins they hold.
Why is a masternode important? Well they are important to run the network as i explained in the previous paragraph. For large investors it could be very important for savings getting 10% on 10 nodes is 10,000 a year. Doesn't sound like much rite? If the price of the currency goes up you can sell the excess coins that you make throughout the year as long as you maintain the amount needed for each node.