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Masternodes play an important role in the respective network (there are several coins offering a masternode), as they provide the infrastructure that makes Coin’s unique features possible.
Basically, Masterternodes are online computers that run the software and help the network make important decisions and perform functions such as confirming transactions for InstantSend, coordinating the mixing of coins for PrivateSend, and coordinating with budget proposals. A masternode (like Crave Coin, for example) requires you to deposit at least 5000 craves coins for security, a dedicated IP address and a 24/7 online connection.
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