Splinterlands - SPS Utility Leaks
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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▶️ 3Speak
great time to get more sps while it is dirt cheap ;-)
SPS is life 😁
Thank you for the upvote and supporting my content! Very much appreciated. :)
I am happy to have gotten to my milestone of 10k SPS staked, but it is obvious that I will need as much as I can get!
That's massive dude! Congratulations :)
@xsteemmonsters Hi there, I saw that you downvoted my post and thought I'd take the opportunity to reach out and see if there was something specific that you disagreed with or thought was inaccurate.
I work hard on my content and try and provide concise and accurate information for the community to enjoy. If there was something in particular that stood out to you as being incorrect, I'd welcome the criticism so that next time I can perhaps better myself and the content so that it becomes more relevant to you.
Thank you for watching the video, and any of your feedback would be appreciated.
-Crypto Llama
the guy is an asshole, he does that with all good contributions, i don't know if he gets more hive that way?
Just got 13k SPS, now to buy rights to do a node im guessing i will need more now lol
Always buying atm :D