SPS Validator Nodes

Popular collectible card game, Splinterlands has announced it will launch new decentralized SPS Validator nodes. The new software is scheduled for release in the fourth quarter of the year. 

In the announcement made via its Twitter handle, Splinterlands revealed that the SPS validator nodes would further promote decentralized access to the game’s governance. In essence, the software will be open to everyone to download and use on PC devices.

The new update is part of the new integration slated in its new roadmap activities. Read on to learn more about the new node SPS validators.

 

SPS Validator Nodes

Some days ago, Splinterlands announced new roadmap activities that will see the upgrade and development of the game DAO system. Apart from this, it will also feature the general development of the game’s UI/UX and graphics.

Splinterlands Roadmap

An integral part of the roadmap activity is the SPS governance and DAO system of the ecosystem. The second quarter of the roadmap activity highlights several changes to the SPS validators, including:

  • Testnet Live
  • Licensed nodes
  • Mainnet live

According to the first phase of the SPS validator in the roadmap activities, Splinterlands is currently testing the nodes internally. Meanwhile, the software will be available for public testing before the mainnet launch in the last quarter of 2022.

 

How The SPS Validators Will Work

splinterlands SPS token

First and foremost, the new SPS governance mechanism will feature a Delegated Proof-of-Stake (DPoS) model. The DPoS consensus model of the governance is similar to that of leading blockchain platforms, including BNB Chain, EOS, and Hive.

The DPoS will allow SPS stakers participate in vital decision-making activities like voting for accounts that will run the validator nodes. Also, it will be useful for electing more users that will validate SPS transactions and manage SPS foundation funds.

With this, the higher the SPS staked, the higher the voting backing a validator. This implies that more blocks will be assigned and more rewards for the validator.

 

Licenses

Since it is a voting process, only a small number of accounts can get the majority of the votes. Therefore, this means the majority of the rewards will be going there, which is quite unbalanced for an open and fair system. To solve this issue, Splinterlands will offer licenses to users. With the license, users will be able to run nodes without needing votes from SPS staking.

Interested users can purchase SPS licenses with SPS tokens and VOUCHER tokens together (80% of SPS tokens and 100% of VOUCHER tokens). The remaining 20% SPS token will serve as a reserve to continue to reward SPS validator nodes. The reserve token is useful to continue rewarding SPS validator nodes when the SPS token cap in the reward system reaches 3 billion tokens. However, this will take up to 5 years.

Users will have access to up to 60,000 licenses that will be available in multiple phases with varying prices at each phase. These licenses will serve as NFTs that players can own, trade, and even exchange freely.

Apart from this, users can also buy multiple licenses to use on a single validator node. Therefore, users only need to run their validator software to earn rewards with their desired amount of licenses.

License sales will begin before the software launch in Q4 2022. Meanwhile, presales will be available for community members in May 2022. Further details about presales instructions will be available soon.

 

System Requirements For The SPS Validator Software

Upon launch in Q4 2022, the SPS validator software will be available for any user to download and run on their PC devices freely. As open-source software, users will be able to use the software without any restrictions or costs.

Meanwhile, the software will be initially available for Linux PC devices as a docker container. Windows and macOS variants will follow afterward. Fortunately, low-end PC devices can also run the software as there will be little to no hardware requirements.

Additional information on system requirements and steps to set up the software will be available in newer updates.

Any investment/financial opinions expressed by Play to Earn Diary are not recommendations. Our content is for educational purposes only. If you plan to invest in any game or cryptocurrency then please do your own research and only spend what you can afford to lose.

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