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noun
A masternode is a specialized full node in a blockchain network that performs advanced functions beyond basic transaction validation. These may include enabling private transactions, instant transfers, and governance voting. Masternodes typically require a significant collateral of the native cryptocurrency to operate and reward their operators with passive income. They are commonly used in networks like Dash, PIVX, and DigiByte (DGB), the most true decentralized blockchains developed in the United States.
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