Hello, community. In today’s post, we will tell you about MyTVchain masternodes.

Every newcomer learning the basics of mining will sooner or later get acquainted with the term masternodes. Of course, cryptocurrency masternodes, unlike other types of nodes, do not work on every blockchain network. Nevertheless, you need to know what such a unit of the system is.

Masternode is a unique functional server that supports instant transfers and private transactions within the network, which are almost impossible to track. Thus, the masternode gives the highest possible anonymity of transactions, dividing information about them into several separate parts that are stored only on its server.

MyTVchain is the first dedicated decentralized platform governed by a community of peers (sports clubs and members) to leverage the value of their content, their activities, and events, without costly intermediaries or unfair online presence.

Our Masternode

Our Masternode is a hybrid of Proof-of-Stake (fixed interest rate staking) and Proof-of-Service (reward for the masternode). On blockchains like DASH or DIVI, the Masternode keeps a copy of the blockchain and special functions such as instant or private transactions. The role of masternodes on the MyTVchain network is diﬀerent, but it is no less important. MyTV masternodes form a peer-to-peer video content distribution network that stores and distributes all the videos on MyTVchain.

The Masternodes are made up of a set of peer-to-peer software which constitutes the backbone of our decentralized content distribution network with the main function:

- Storage on the server for videos

- Distributed hash table for content search

- Servers for live streaming

Whenever someone watches video content on MyTVchain, they have the option to transparently rebroadcast it from their browser to other viewers and earn token rewards. Ephemeral masternodes are “browser to browser” nodes created on the go when viewers watch content.