So What is a masternode??
Masternodes were made popular by Dash. Masternodes are the servers running 24/7, a comprehensive copy of the blockchain wallet with a specific amount of coins as guarantee. Running a masternode of a specific or particular network needs you to hold a large number of cryptocurrencies of the network, which makes it costly or expensive to start. In return, you receive a portion of the blockchain’s profits. Another associated cost of running a masternode is purchasing the mandatory apparatus. Masternodes perform several duties for the blockchain network such as instant send, record-keeping, participation in the accord process (voting and other decision making), and so on. The difficult side of masternodes is the high requirement for technical knowledge, fees for hosting a server are high, the risks of being hacked, electricity bills, etc. On the bright side, it has a higher rate of return than proof of stake mining. But be careful, as not all coins are worth buying and running a masternode on. So it’s a tricky one point.