On March 21, 2019, I had an opportunity to be interviewed by Danny Weinberger, CEO of Morpheus.Network (which happens to be one of my clients), on a topic that I have been researching for quite a while now – namely, the various legal issues surrounding masternodes.
A ‘masternode’ is a software program running on a computer attached to a network that performs specific functions to help the network run more efficiently.
Masternodes can vary widely based upon their implementation, but at the most fundamental level, they are very similar to “full nodes” on the Bitcoin Network. Just like Bitcoin’s full nodes, masternodes maintain complete copies of the blockchain and verify transactions. In the case of Dash, the first blockchain network to implement masternodes, they are responsible for adding the features that differentiate Dash from Bitcoin, like instant payment and additional privacy.
But what really makes masternodes different from full nodes is the fact that Bitcoin’s full nodes are run by volunteers whereas masternode operators pay for the privilege to operate them and receive regular passive income as a result. That, in turn, raises the obvious legal question, “Are masternodes securities?” 🤔
Watch the video to find out! 👇😃