KEY TAKEAWAYS
- The Beam Network is set to transform with the launch of Beam Nodes, enhancing its infrastructure and expanding capabilities.
- Collaboration with Avalanche has been pivotal, enabling the transition to a Proof-of-Stake model and integrating thousands of nodes.
- The introduction of Beam Nodes allows broader participation in network validation, with significant interest shown through the minting of Node Tokens.
- A new delegation feature will empower BEAM token holders to earn rewards, supported by comprehensive user guides.
The Beam Network is on the verge of a significant transformation with the imminent launch of Beam Nodes. This development marks a pivotal moment for the network, which has been powered by Avalanche, enabling the integration of thousands of nodes. The Beam Network, already a hub for deploying in-game assets and integrating game accounts, is poised to expand its capabilities with this new infrastructure.
Previously, the Beam Network operated with a limited and permissioned set of validators. The introduction of Beam Nodes changes this dynamic, allowing for broader participation in network validation. The initial announcement of the nodes and the subsequent Node Token Mint generated substantial interest, resulting in the minting of 58,011 Node Tokens and a total burn of 2,055,165,080 BEAM. This indicates a strong future for the network, with numerous individuals contributing to its security and longevity.
Collaboration with Avalanche Enhances Beam Network
The collaboration between the Beam Foundation and the Avalanche Foundation has been crucial in bringing Beam Nodes to fruition. The Beam Network, while independent, has benefited from Avalanche’s high throughput and robust security infrastructure. This partnership has facilitated the transition from a Proof-of-Authority to a Proof-of-Stake model, a complex process that required close alignment with the Avalanche community.
Adjustments at the highest level of the Avalanche network were necessary to accommodate the Beam Foundation’s timelines. Typically, such proposals take considerable time to implement, but the process was expedited to meet the project’s needs. This collaboration underscores the importance of strategic partnerships in advancing blockchain technology.
Delegation and Future Prospects
As Beam Nodes prepare to go live, the network will also introduce a delegation feature. BEAM token holders and Node Token owners will have access to a delegation dashboard, allowing them to select nodes for delegation and earn associated rewards. Comprehensive documentation and tutorials will soon be available, guiding users through setting up nodes, onboarding delegators, and participating in delegation.
The launch of Beam Nodes represents a new era for the Beam Network, expanding its capabilities and enhancing its infrastructure. For more details on this development, visit the official announcement here.
Why This Matters: Impact, Industry Trends & Expert Insights
The Beam Network is undergoing a significant transformation with the launch of Beam Nodes, which will enhance its infrastructure and expand its capabilities through collaboration with Avalanche.
Recent industry reports indicate a major trend towards scalable and interoperable blockchain solutions. This aligns with the Beam Network’s integration of Avalanche’s robust infrastructure to support a high number of nodes, enhancing scalability and security.
As per insights from PlayToEarn, the collaboration between Beam and Avalanche is seen as a strategic move to drive the future of blockchain gaming by providing a robust and decentralized gaming ecosystem. This supports the Beam Network’s aim to become a major hub for blockchain gaming, leveraging Avalanche’s capabilities to enhance its infrastructure.
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