Validators
The Multichain Validator Node Network
The Wildcat Alliance utilizes NFT collections on each blockchain to provide access to the combined annual reward rates of all the validator nodes in the network. These NFTs are unique in that they have asset-backed multichain utility. This means that the staking rewards of the NFTs are tied to the performance of the validators on the different blockchains. As the validators earn rewards, the holders of the NFTs are paid. This creates a hedge against market volatility and promotes blockchain agnosticism within the Web3 community.
Background
The rise of blockchain technology has led to the creation of a wide variety of different blockchains and cryptocurrencies. Each blockchain has its own unique features and uses, but they all have one thing in common: the need for validators. Validators are responsible for maintaining the integrity of the blockchain by verifying transactions and achieving consensus on the state of the blockchain. Validators are akin to miners in a proof-of-stake system.
NFTs have become increasingly popular in the blockchain industry, with the market for NFTs growing exponentially in recent years. However, the current infrastructure for NFTs is limited by the scalability and interoperability of the underlying blockchain networks. The concept of a multichain validator node network aims to address these limitations by allowing for the integration of different blockchain networks into a single unified master cluster.
This concept is gaining traction in the industry as it allows for increased scalability and interoperability between different blockchain networks. In this paper, we propose a multichain validator node network that combines Solana, Cardano, and Ethereum validator nodes into a master cluster that balances and distributes the MEV rewards to NFT holders of the Wildcat Alliance NFT Collection. The network also utilizes the Simpleswap.io API to allow for the delivery of rewards in the form of a single coin payout, which can be done through a dapp and is gamified to facilitate compounding interest.
Proposed Solution
The proposed multichain validator node network combines Solana, Cardano, and Ethereum validator nodes into a master cluster that balances and distributes the MEV rewards to NFT holders of the Wildcat Alliance Multichain NFT Collection.
The network will also utilize Listen to Earn through our Crew3 Questboard which is gamified to encourage compounding interest through proof of engagement.
Consensus Methods
Solana uses its own consensus algorithm, known as Proof of History (PoH), which is a unique combination of Proof of Work (PoW) and Proof of Stake (PoS). PoH is a mechanism that timestamps each block and allows for the creation of a linear history, which allows for high throughput and low latency.
Cardano uses a consensus algorithm known as Ouroboros, which is a provably secure PoS algorithm. Ouroboros is designed to be highly scalable and energy-efficient, making it a suitable choice for a multichain validator node network.
Ethereum 2.0 is now a PoS consensus mechanism and requires validators to stake 32 ETH to run a validator node on the network. See the image below for more info:
NFT Collections and Multichain Utility
The use of NFTs as a means of accessing rewards is a unique and innovative approach that sets the Wildcat Alliance apart from other validator networks. By using NFTs, the Wildcat Alliance is able to provide a more secure and decentralized way of accessing rewards. Unlike traditional staking, which locks up funds for a set period of time, the use of NFTs allows for more flexibility in
Engage to Earn
Our Listen to Earn Platform allows you to do what you love and earn as you listen to our speakers. In order to participate in the system you will need to Join our Crew3 Questboard and complete the tasks for XP credit. At the end of the month this XP is used to calculate your rewards and the NFT wallet you have on our records through holder verification will receive the rewards.
MEV Rewards
We receive MEV rewards when the validators produce blocks. It is a term used to describe the potential profits that can be obtained through transactions on a blockchain. By receiving MEV rewards, the Wildcat Alliance NFT holders are able to earn real tangible passive income. This is sustainable revenue that can be paid out for as long as the blockchains work and it increases over time as we expand the nodes.
References
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