PIVX Masternodes are like your very own secured savings account. You deposit 10,000 PIVX, and you are rewarded with 1 PIVX masternode. This entitles you to earn rewards (think interest), as well as participate in the governance of PIVX itself. Rather than the bank telling you what to do, you control your wealth and well, the bank itself! Better yet, your funds never leave your possession, and you remain securely in control at all times.
Masternodes are nodes running the same wallet software on the same blockchain to provide extra services to the network. These services include:
- Anonymization increased privacy of transactions
- Instant transactions
- A decentralized governance
- A decentralized budgeting system
- Immutable proposal and voting systems.
- Validation of transactions within each block
For providing such services, masternodes are also paid a certain portion of reward for each block. This can serve as a passive income to the masternode owners minus their running cost.
- Participate in PIVX Governance
- Earn Masternode Rewards
- Commodity option for future sale
- Help secure the PIVX network
- 10,000 PIVX / Masternode
- Must be in a wallet
- Need dedicated IP address
- 24hr uptime is ideal