LeoGlossary: SPS Node Validator

4 mo (edited)
LeoFinance
1 Min Read
148 words

SplinterGlossary: SPS Node Validator

This will be an open-source software that can be run on minimal hardware requirements by anyone on different platforms.

The SPS governance system will work via a Delegated Proof of Stake (DPoS) consensus model, where SPS stakeholders vote for accounts running the node validator software to represent them for validating all SPS transactions and who will control the SPS foundation funds.

The incentivization model for SPS node validators is a combined one. There will be rewards based on the amount of SPS stake voting on the node validator, with top validators being better paid. And there are also rewards paid to owners of SPS node validator licenses, which can be purchased. The two types of rewards can be combined.

Related:
Official Presentation Post For SPS Node Validators
Splinterlands Website

Navigate to:

Posted Using LeoFinance Beta