![D1352DD8-B624-41C6-8D8E-660E0E84B798.jpeg](https://cdn.steemitimages.com/DQmPkdUQUjq1mtcv3fNBLdtc4XuM9TsDJ24DSYBDJ8HhFmx/D1352DD8-B624-41C6-8D8E-660E0E84B798.jpeg)

**Masternodes explained in banking language you already understand.**
 
Masternodes are a type of passive investment, which is specific to cryptocurrency. Many people do not understand what a masternode is, so do not feel bad if you are one of them. The cryptocurrency world is filled with new financial tools and all of us are learning about them.

I think they're easier to understand if you compare it to a common type of bank account called a deposit certificate and ignore the technical jargon and technical functions of the masternodes. I feel that you do not have to understand the jargon to understand it as an investment. I would like to explain masternodes by comparing them to something you already understand: a bank certificate of deposit.
 
The following list are the requirements and rewards for having a "Certificate of deposit"
You must have money, which you do not need for monthly expenses.
It must be money for you to invest at least a month.
You deposit money in a storage container called an "account".
You agree to keep your money in the "account" and not spend it.
The bank uses its money for the "financial transactions" of other people.

Rewards for Certificate of deposit.
In return for these conditions the bank pays you "interest" based on a predetermined percentage.
You are paid an "interest" based on a scheduled schedule. You earn money every day without any work on your part. You even earn money while you sleep. This is called a "passive" investment.
 
Now, using that same terminology I will explain masternodes. In order to invest in a master node;
You must have money, which you do not need for monthly expenses, but it must be in the form of a cryptocurrency which has a masternode as a feature..
It must be money for you to invest at least a month.
You deposit the cryptocurrency in a container called a "wallet" instead of a container called an “account”..
You agree to keep your cryptocurrency in the "wallet" and not spend it.
The blockchain (instead of the bank) uses your cryptocurrency for the "financial transactions" of other people.
The blockchain then pays you  additional cryptocurrency called "rewards" instead of interest.  
You are paid "rewards" based on a previously agreed upon percentage.
The specific blockchain pay you "rewards" based on a previously determined  schedule.
You earn money every day without any work on your part. You even earn money while you sleep.
This is also called a "passive" investment.
 
Now I hope you understand Masternodes in a financial sense.
Please contact me if you have questions. 

@shortsegments

Keep Posting!
![01E7BDF9-DF3B-40A4-B5A4-D42144743A3D.jpeg](https://cdn.steemitimages.com/DQmQte6NxsNKbtsE3FFJocXDPjDDSkne2vDajEmsPPpX7zr/01E7BDF9-DF3B-40A4-B5A4-D42144743A3D.jpeg)