A masternode is a cryptocurrency based full node. Masternodes at Deviant Coin perform various other functions, too, such as Increasing privacy, enabling budgeting and treasury systems in cryptos, etc, with more than 80% pure Block reward phase. This ensures lightning fast and secure transactions, multi-wallets, encrypted messaging, stealth address for complete anonymity, a low number of confirmations, low fees, and has a limited number of total coin supply for a faster increase of value.
Masternodes are important for crypto investors as they are worth running because of meagre incentives. The Masternodes are constantly connected to the network and perform certain tasks. This allows the coin to achieve faster and more private transactions. These are full nodes that run 24/7 and require collateral of 5000 DEV. In exchange for providing this service and locking up the coins which effectively reduce supply, the master node owner is awarded a portion of the block rewards. The percent of the block rewards earned is variable which increases over the period.
Basic Masternode
Setup Guide (Windows)
Practical guide for installation and configuration of a Masternode.
Hot Cold Wallet Masternode VPS Guide (Windows/Linux )
