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teminalibug

Learn About nodes and Masternodes Briefly.

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So few days ago I know nothing about nodes and master nodes, the only thing I new is blockchain and blocks. Then I came across a topic about nodes and I had to ask what are these, the other guy did not tell me what nodes are he linked me to an article where I could learn about it and I found myself reading more and moire articles about.

 

So here is my brief explanation on what nodes and master nodes are;

Nodes is a server that supports blockchain system, you can say a blockchain runs in a node, nodes could be a computer or any device that has full copy of the blockchain transaction  history.

Now master nodes are bigger servers that are always online and should be online to support the specific blockchain system.

Transaction are processed by nodes and can either be accepted or rejected, when accepted it is added to a blockchain as a block.

 

I hope you learned much is this brief explanation, I f i missed something let me know in the comment below.

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MasterNode coins are separate coins, they are one of the dash coins, these coins can be purchased and mined using their own software, and thus many people are benefiting.

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Dash is a masternode coins, they gives out reward for block confirmation. Other follows what dash does. Dash was the first to be created that way

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I think tools should be made to use cryptocurrencies without the need for the Internet and this would be better like setting up a cryptocurrency network.


 

Life is great and enjoy it

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Thank you for the useful information, I also hear about these nodes and I don't know much about them, but there is also another term that I hear a lot which is Full node and I don't know what it means exactly. I saw a site writing the number of Full node and where they are in every country in the world. What are these Full node and what is their role?

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I think Masternodes is much better in speed than the normal node because of the word itself. But all of your information is correct for me especially the description of normal nodes. Because normal nodes is any device you used to access block chain and needs small server while masternode needs larger servers.

Edited by Interface User
Grammar/Spelling Mistakes

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I have listen this word when i joined energi crypto airdrop. Than this term cones in mind and i tried to get information about that but i come to know that it requires more than 20mb internet and good device too which i dont have both and i leave the idea to work on master nodes 

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Yes having a masternode can get a very handsome reward per month, some cost more to get and some less, some have a higher reward percentage and others a little less. They are a fantastic way to get income 

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thank you very much for sharing your knowledge about nodes and master nodes. it helps me a lot to know différance between this too system. thank you again.

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Nodes and masternodes are use by certain cryptocurrency to provide a better way to update their blockchain, coins like dash was among the first to introduce masternodes on the blockchain.

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7 hours ago, Nahid hasan said:

That is indeed a brief explanation from which I learned many things. The part of the story that I liked is the fact that you want t study the whole thing on yourself and then come back t give as a brief explanation..

Thanks for appreciating, i believe studying and sharing is a way to learn more and you could even get criticization so you know some parts you did nit understand well.

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all of us can run a node simply downloading the full blockchain and this not required too much

 

insted, for a masternnode, you need a lot of resources because those are who validate the blocks and who save transactions. and to so that they need to be online 24/7 with no stop. so the need electricity, manteinance and the up time

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Your words are correct, the node acts as an aid to the blockchain, to quickly complete transactions, and the node is added to and becomes a block if it is accepted.


THINK POSITIVE

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6 hours ago, laska smrtici said:

These things that I cannot understand because they are complicated to me like what a node and a block are and how it can be used I think developers are the ones who care about these things
For me, it is important to know external things, and I do not detail in detail

You will learn everything over time, so do not rush and it will become easier than you think after you gain experience and you will know that the block is a part whose goal is to facilitate the smooth processing of transactions


 

Life is great and enjoy it

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On 12/4/2019 at 2:25 PM, teminalibug said:

So few days ago I know nothing about nodes and master nodes, the only thing I new is blockchain and blocks. Then I came across a topic about nodes and I had to ask what are these, the other guy did not tell me what nodes are he linked me to an article where I could learn about it and I found myself reading more and moire articles about.

 

So here is my brief explanation on what nodes and master nodes are;

Nodes is a server that supports blockchain system, you can say a blockchain runs in a node, nodes could be a computer or any device that has full copy of the blockchain transaction  history.

Now master nodes are bigger servers that are always online and should be online to support the specific blockchain system.

Transaction are processed by nodes and can either be accepted or rejected, when accepted it is added to a blockchain as a block.

 

I hope you learned much is this brief explanation, I f i missed something let me know in the comment below.

Thank you for sharing your brief post about masternode. From this post before I only know that masternode is like staking system where we can generate some free profit through stake our fund.


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1 hour ago, Amirul Islam said:

Thank you for sharing your brief post about masternode. From this post before I only know that masternode is like staking system where we can generate some free profit through stake our fund.

Well it is beyond that, just like i once thought that blockchain.com was nothing but a wallet, turns out for a wallet it is just a name.

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amazing, your explanation is simple and easy to understand. in this case, nodes and masternodes do work the hardest to be able to process crypto transactions that will later be recorded on the blockchain.

  • Useful or interesting 1

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On 12/4/2019 at 2:25 PM, teminalibug said:

So few days ago I know nothing about nodes and master nodes, the only thing I new is blockchain and blocks. Then I came across a topic about nodes and I had to ask what are these, the other guy did not tell me what nodes are he linked me to an article where I could learn about it and I found myself reading more and moire articles about.

 

So here is my brief explanation on what nodes and master nodes are;

Nodes is a server that supports blockchain system, you can say a blockchain runs in a node, nodes could be a computer or any device that has full copy of the blockchain transaction  history.

Now master nodes are bigger servers that are always online and should be online to support the specific blockchain system.

Transaction are processed by nodes and can either be accepted or rejected, when accepted it is added to a blockchain as a block.

 

I hope you learned much is this brief explanation, I f i missed something let me know in the comment below.

Thank you for sharing with us brief information about masternode and node. In previous i thought that node and masternode are same. But now I know the difference between them. I just knew difference between stake and masternode.


 

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On 2/19/2020 at 9:35 AM, fuer44 said:

amazing, your explanation is simple and easy to understand. in this case, nodes and masternodes do work the hardest to be able to process crypto transactions that will later be recorded on the blockchain.

Yes it is a technology that replaces the use of big centralized server, to a multiple decentralized servers.

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Nodes is a server that supports blockchain device, you may say a blockchain runs in a node, nodes might be a laptop or any device that has full reproduction of the blockchain transaction  history.It is associated with Bitcoin and the transaction velocity of this coin. Through this understanding, I recognize extra approximately the operation of Bitcoin.Various other employees precisely what sprint does. Sprint ended up being the first to get made doing this.

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On 12/4/2019 at 10:22 PM, sdsonjoy50 said:

MasterNode coins are separate coins, they are one of the dash coins, these coins can be purchased and mined using their own software, and thus many people are benefiting.

Yes I btc in eth coin

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MasterNode cash are separate cash, they are one of the dash coins, those cash may be bought and mined the use of their personal software program, and hence many human beings are reaping benefits.

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Many blockchain network projects require master node and this industry is still young and I haven't tried it yet but it needs deep research so as not to lose due to the low currency price that I support or even to not covering the cost of the master node.

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Wow, I didn’t know anything about nodes before, especially that they link a chain of blocks. I was also surprised that nodes can be any computer, that is, any blockchain user. it is very interesting. Thanks for the article, I learned something new for myself.

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