Cryptocurrency News

Splinterlands Takes Steps Towards Greater Decentralization, Announces Validator Node Licenses

By April 14, 2022 No Comments

Key takeaways:

  • Blockchain-powered P2E game Splinterlands has announced a new node validator program that will launch on the mainnet in the second half of this year
  • Users will be able to obtain licenses to run decentralized SPS validator nodes to earn a share of validator rewards and participate in community governance
  • Licenses will be obtained with SPS and VOUCHER tokens and released as NFTs in a multi-phase rollout

Splinterlands to decentralize SPS validator nodes in the second half of 2022

Splinterlands, a popular Play-to-Earn (P2E) digital card game, has announced a major shift in the way blockchain transactions will be handled on its network. The new Splintershards (SPS) validator nodes, launching later this year, will be open-source and resource-efficient, facilitating the Splinterlands ecosystem’s transition towards greater decentralization and improved security.

Users interested in running SPS validator nodes and the required software will need to obtain the node licenses with SPS tokens. The on-chain governance will be organized through the Delegated Proof of Stake (DPoS) consensus mechanism, used by leading blockchain networks such as BNB Chain and EOS. The Splinterlans team has put safeguards in place to prevent a small number of users from disproportionately affecting the decision-making process and siphoning the majority of crypto rewards generated by verifying transactions.

For starters, the Splinterlands team will give users the opportunity to obtain licenses with a combination of SPS and VOUCHER tokens, allowing them to earn validator rewards without having any staked SPS votes. Moreover, all tokens used for buying licenses, apart from the 20% allocation of SPS tokens, will be burned. The remaining SPS tokens will be rerouted to the SPS Foundation and used to incentivize running SPS validator nodes.

Splinterlands CEO Jesse “aggroed” Reich commented on the new node validator program in a statement:

“This is a major step towards our goal of Splinterlands operating as a completely decentralized game that the players own and control through their SPS.”

The team will release 60,000 node licenses in a multi-step process that will see the price of each license increase with each passing phase. Licenses will be delivered as non-fungible tokens (NFTs) and will be capable of being used multiple times via a single SPS validator node.

The Splinterlands team is expected to launch SPS Validator node software as soon as the third quarter of 2022. The software will initially run on Linux machines exclusively, with Windows and MacOS support expected to roll out soon after the initial launch.

Splinterlands’ primary token Splintershards (SPS) has rallied to its multi-week high of $0.1158 on the news, having gained more than 13% in the last 24 hours.