Pura is a digital currency and payment network built for sending value peer-to-peer in a private and secure way. It removes the need of a middleman (such as a bank or payment gateway) and thus makes transactions cheaper because no middlemen needs to be paid. The InstaPay feature allows for instant transactions around the world. All financial information (such as transaction activity history and current balance) is hidden from the public through the PrivatePay feature. The network is powered by hundreds of MasterNodes that are incentivized by transaction fees to process transactions. Pura is democratically governed by its users through use of a decentralized autonomous organization.
Pura (PURA) digital coins are the native currency of Pura and must be put up as collateral to become a MasterNode operator.