Masternodes are powerful servers backed by collateral held in a particular cryptocurrency, which provide advanced services and governance on the blockchain network. They are different from standard nodes because they perform several important functions, such as increasing privacy of transactions, enabling instant transactions, and participating in governance and voting. The incentive for running a masternode is earning dividends in the form of cryptocurrency for providing these services. Masternodes play a crucial role in the network’s stability, transaction speed, and governance. For a comprehensive understanding of masternodes, their functions, and benefits, check out this article:
https://paybis.com/blog/glossary/what-are-masternodes/ It explains everything you need to know about setting up and operating a masternode.
