Masternodes store a copy of the entire blockchain, they are available whenever possible, they manage immediate cash (InstantSend) and they secure the network. In addition to mining, providing a masternode is another way to generate coins. Since version 0.17 deterministic masternodes are supported.
For the operation of a masternode you need
- a computer connected to the Internet with a fixed IP throughout. This could be, for example, a shared Virtual Private Server (VPS) with Linux Ubuntu 20.04
- The DMS wallet, which usually runs on your local PC.
- 5000 DMS coins as a masternode collateral (see Shared Masternode if you have less coins).