[vc_row full_width=”stretch_row” css=”.vc_custom_1567876632864{padding-top: 30px !important;padding-right: 50px !important;padding-bottom: 30px !important;padding-left: 50px !important;}”][vc_column width=”1/3″ css=”.vc_custom_1567876729280{padding-top: 50px !important;padding-right: 50px !important;padding-bottom: 50px !important;padding-left: 50px !important;}”][vc_single_image image=”240″ img_size=”400×300″ css_animation=”bounceInRight”][/vc_column][vc_column width=”2/3″][vc_column_text]Masternodes are servers that are established by community members that perform functions like processing swift transactions on a decentralized network. It is utilized to complete unique functions in ways ordinary nodes can’t. Masternodes are a very important layer to GUAP Coin’s blockchain & governance.  Masternodes are privately held by individuals or groups in the community known as GUAP Governors. The node itself resides on a Virtual Private Server and in order to possess one you must have 10,000 GUAP Coins to stake as collateral.

GUAP Governors earn GUAP Coins as an incentive to maintain a masternode. The coins they earn are newly minted coins that originate from the blockchain itself. Masternodes earn 80% of the block reward that is generated from the creation of every new block. Which masternode is selected to get the block reward is a random process that increases in complexity as the number of masternodes increase.

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