Masternode is a server that is connected with the network, that performs certain tasks relating to PrivateSend, which is what the anonymity feature is called. A Masternode gets paid for performing these tasks. It is Proof of Service.
Anybody can run a Masternode. The objective of the Masternodes network is to have enough of them for proper decentralization so that no single person controls an important fraction of Masternodes. On the other hand, to avoid bloating the network or having reckless
operators, there is one condition that needs to be met. There needs to be proof of ownership of 25000 OuiCoin. It is not necessary for the coins to be in the Masternode, but they need to be kept in a certain way. If the owner moves or spends these coins, the Masternode will stop working.
Masternodes get paid by the network for the services they provide for PrivateSend. 50% of the reward for every new block goes to paying the Masternodes.
Masternodes are chosen from the MN list (for MasterNodes) by deterministic order (the one that got it’s payment the longest time ago and has been in the list long enough at the same time), so in the long term all Masternodes will end up being paid a similar amount of rewards.
Having so many servers working for the benefit of the full block chain can be extremely useful. Thanks to the reward system, there is no risk of not having enough Masternodes. And the developers can rely on them for any new decentralized feature they would like to implement. This is a massive benefit.
Tell any developer that he can rely on a thousand distributed servers working 24×7 for him and he will tell you that the more Masternodes there are in existence, the better and safer it is for the OuiCoin Network.
Support The OuiCoin Masternode Network! Do not let your OuiCoin just sit in your Wallet, put them to work and earn a consistent stream of passive income! The payment returns speak for themselves, please have a look at the chart below. Welcome to the OuiCoin Masternode Network, the best return on investment in the Cryptocurrency Market.