How Masternodes Work
Masternodes are online wallets which are backed by collateral held in Absolute. These nodes offer service and governance to support the blockchain. Absolute has been associated with the concept of Masternodes ever since the invention of this novel concept soon after the project started in 2018.
Masternodes host full copies of the blockchain which can also be described as a “full node”. These nodes provide a unique second layer of services to the network, facilitating advanced functions such as InstantSend, PrivateSend and blockchain logging services.
Masternodes must be backed by collateral denominated in Absolute. In return operators will receive payments for the services provided to the network. As committed custodians of Absolute, operators are given the opportunity to vote each month on the ABS budget. Up to 10% of the block reward to fund community projects supporting the Absolute ecosystem.