GoByte (GBX) Masternodes
Masternodes are a type of node that performs specialized functions on a blockchain. They are servers that are established by community members, backed by collateral held in GoByte (1000 GBX coins).
Masternodes host full copies of the blockchain and provide a unique second layer of services to the network, facilitating advanced functions such as InstantSend, PrivateSend, Governance and Usernames on the blockchain.
Best of all, GoByte Masternodes continuously mint new GBX coins which are paid to Masternode holders as an incentive for securing the network and managing transactions on the GoByte Blockchain.
Earn GBX Coins for Maintaining GoByte Masternodes
Continuously mint new GBX coins and make money just for passively helping secure the GoByte Network and verifying transactions on the GoByte Blockchain.
With payment processing times averaging 1.3 seconds per transaction, the GoByte Network of miners and masternode holders process and verify all transactions on an immutable blockchain ledger securely and rapidly.
GoByte Masternode holders earn GBX coins as block rewards for verifying transactions and helping secure the GoByte Network. Simply put, as a reward for securing the network and verifying transactions, GoByte Masternodes literally mint new GBX coins for their owners. GBX coins earned may be spent, traded, liquidated or accumulated into new masternodes to compound earnings. Additionally, GoByte Masternode holders earn the right to vote (once per Masternode) on proposals in GoByte’s Governance.
As an additional bonus, GoByte Masternode holders may withdraw GBX coins with no fees whatsoever.
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