In my latest video we take a look at the most important take-away from one of the latest AMA's - Validator Nodes.
The concept of validator nodes is quite simple, it's really just an effort to completely decentralize the Splinterlands ecosystem. It's like crowd sourcing all the servers for the game so that they are no longer centralized, but rather, powered by tens of thousands of different users across the globe all working on the transactions for the game. This will help two fold as the Splinterlands team will not only be able to focus solely on the quality of their product, but they'll also be creating and implementing a solution to scale the platform.
As an incentive, validators will earn SPS rewards for hosting these nodes. You can view the whitepaper here for more about the distribution for these rewards: https://sps.splinterlands.com/distribution
Licenses will be released incrementally, but there will be a presale before the validator system is live that will allow players to get in by purchasing with their SPS and Vouchers. This is another cause for buying pressure for vouchers and SPS because they will both be required to purchase these nodes. Furthermore, the SPS used to purchase these validator nodes will be burned! Burn baby, burn!
As more validator licenses are released and purchased, the cost of these licenses will also go up incrementally, meaning more SPS will be burned.
Right now, we can only speculate on what the initial outlay will be for each of these licenses. Many factors will need to be considered. Matt made a suggestion of $1000 USD plus vouchers but this was just an off-the-top-of-the-head number. I imagine this will entirely depend on the number of validator nodes, the cost per node, and the value of SPS at the time.
It's incredibly exciting to hear about these new changes as they will surely increase the value of current Splinterlands asset holders.
What are your thoughts on these validator nodes, and where do you think the price of SPS will go in the future?
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