What is a Masternode?
Masternodes are powerful servers backed by collateral held in PAC. They provide services to the network and are paid in return. Masternodes enable instant transactions, enhanced privacy features, and participate in governance voting.
Masternode Requirements
Setup Steps
Step 1: Acquire PAC
Purchase at least 500,000 PAC from one of our supported exchanges. Make sure to account for transaction fees.
Step 2: Set Up VPS
Rent a Virtual Private Server (VPS) with the following minimum specifications:
- 2 CPU cores
- 4GB RAM
- 40GB SSD storage
- Dedicated IP address
- Ubuntu 20.04 or newer
Step 3: Install Wallet
Download and install the latest PAC Global wallet on your local computer. Allow the blockchain to fully synchronize.
Step 4: Create Masternode Address
In your wallet, create a new receiving address specifically for your masternode collateral. Send exactly 500,000 PAC to this address in a single transaction.
Step 5: Configure Masternode
Generate a masternode private key using the command: masternode genkey in your wallet console.
Step 6: Edit Configuration File
Edit your pac.conf file with your masternode details including the private key, VPS IP address, and transaction information.
Step 7: Start Masternode
Start your masternode from your local wallet and verify it's running correctly on the network.
Pro Tips
- Always keep your wallet software up to date
- Enable firewall rules on your VPS for security
- Monitor your masternode uptime regularly
- Join our community Discord for support
- Consider using monitoring services for alerts
Masternode Income
Masternodes receive rewards for their services to the network. The exact reward amount varies based on network parameters and masternode count. Typical annual returns range from 10-20% of your collateral.