Masternode & Staking

Masternode & Staking page
Modden

¿‎What is a masternode?

Masternodes are part of the infrastructure that sustains Modden coin. They verify new blocks and perform special roles in governing the blockchain.

Masternodes operate on a collateral-based system, meaning the operators need to own a significant amount of the cryptocurrency.

In exchange for their investment in time and money, masternode operators are rewarded with guaranted crypto earnings.

¿‎What is staking?

Staking is a process that involves committing your crypto assets to support a blockchain network and confirm transactions.

It's available with cryptocurrencies that use the proof-of-stake model in which deposited coins are used to verify transactions on the blockchain.

Verified transactions become new blocks on the blockchain. For cryptocurrencies that support staking, proof of stake is necessary for that process. Whoever participates in successfully creating a new block is rewarded.

This is a more energy-efficient alternative to the original proof-of-work model.

Staking can be a great way to use your crypto to generate passive income.

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