Splinterlands, a popular play-to-earn (P2E) game, has announced that it would transition to decentralised Splintershards (SPS) validator nodes. The SPS Validator node software is planned to be released on the mainnet in the third or fourth quarter of 2022.
The SPS validator software will be completely open-source, allowing anybody to download, install, and use it without incurring any additional expenses or limitations; however, node licencing will need SPS payment. It will first be available as a “docker container” for Linux workstations, with Windows and MacOS versions to follow shortly. Additionally, the SPS validator node requires very little hardware.
The SPS governance system will be based on the DPoS consensus paradigm, which is used by other major networks such as Binance Smart Chain, EOS, and Hive. As a consequence, every account holding staked SPS tokens will be able to vote for additional users or companies responsible for verifying all SPS transactions and administering the SPS foundation money. In essence, the more staked SPS a validator has, the more blocks they will be allotted and the better their payouts will be.
However, under the aforementioned method, just a few accounts may get the majority of votes and hence the majority of awards. To address this, the Splinterlands team will provide “licences,” which will let all users to receive rewards for operating nodes without having invested any SPS votes. SPS tokens and VOUCHER tokens may be used to acquire these SPS licences. Additionally, 80% of SPS tokens and 100% of VOUCHER tokens used to acquire node licences would be burnt. Once the 3 billion SPS token maximum is met, the remaining 20% of SPS tokens will be transferred to the SPS Foundation and utilised to incentivise SPS validator nodes.
Splinterlands will distribute 60,000 licences in instalments, with the price of licences rising with each step. These licences will be issued as non-fungible tokens (NFTs), which may be purchased, sold, and traded on secondary markets. Additionally, customers may use a single SPS validator node to manage numerous SPS licences. As a result, even if customers acquire numerous licences, they only need to run the validator programme once to collect incentives for each licence.
