$FIRO masternodes are essential components of the Firo blockchain network. They provide various functions, including:
Network security: Masternodes help secure the Firo network by validating transactions and ensuring the blockchain remains synchronized.
Governance: #Masternodes holders have the right to vote on proposals and changes to the Firo protocol.
Privacy: Masternodes contribute to the privacy of Firo transactions by participating in the Lelantus Spark protocol.
Passive income: Masternode holders can earn passive income in the form of Firo coins as a reward for their contributions to the network.
How to become a #FIRO masternode:
To become a Firo masternode, you need to have a minimum of 1,000 Firo coins staked. This means you will need to lock up your coins in a masternode wallet for as long as you want to participate in the network.
Once you have staked your coins, you will need to set up your masternode wallet and follow the instructions provided by Firo to connect it to the masternode network.
Benefits of running a Firo masternode:
Passive income: Earn Firo coins as a reward for your contributions to the network.
Support the Firo ecosystem: Help secure the network and contribute to its development.
Gain voting rights: Participate in governance decisions and shape the future of Firo.
Additional resources:
Firo masternode setup guide:
https://firo.org/guide/masternode-setup.html
$FIRO masternode FAQ:
https://firo.org/guide/masternode-setup.html