Starting from November 18th, 2021, aelf has completed three rounds of node elections. In each round, two production nodes emerged as winners that are ultimately named as production nodes (BPs).
Since the publication of the election, RockX, MATPool from 8BTC, FBG Capital, aelfie, Huobi Pool, and bountyblok have won the seat as production node on aelf mainnet.
Becoming a production node is just a start to participating in aelf ecological construction. According to aelf team, BPs are responsible for the correctness and reliability of storing the entered data in the distributed ledger. Besides, they will also make an influence on the construction and expansion of aelf ecology through different roles in subsequent events.
So what roles do these production nodes play in the aelf network? And how will they contribute to aelf ecological expansion? In this article, we will walk you through these BPs’ extra contributions to ecological expansion.
Working as decision-makers on important matters
Equipped with powerful computing and bandwidth, BPs are decision-makers on aelf mainnet. As we all know, governance is very important for a mature blockchain, which is the foundation for ensuring its sustainable and healthy operation of the community. In aelf’s Parliament Governance Model, elected production nodes are granted the right to exercise transactional governance on behalf of most users.
For example, they have the right to determine the creation and withdrawal of sidechains, the amount of staking tokens, the unit price of index fee, and the qualification of the developer’s proposal.
Their joint decision, to some extent, boosts the development of community diversity. Under the guidance of BPs, more users are positively encouraged to participate in the construction of community culture, which will make a difference to the ecological expansion of aelf.
Moreover, the autonomy granted by community users, in return, contributes to forming a long-term incentive mechanism and maintaining the sustainable construction of the whole ecology.
Functioning as participants in follow-up events
BPs also work as critical participants in aelf’s continuous opening ecological constructions. Based on aelf’s official announcements, BPs will attend its first metaverse-themed “Top of OASIS” hackathon as judges and give impartial evaluations on submitted projects. Furthermore, they will act as decision-makers in the upcoming sidechain auctions, and many more.
Haobo Ma, CEO of aelf, recognized the node election as a critical step to aelf’s ecological expansion. “aelf will not be confined to the blockchain industry, but an open plan that invites industry-wide participation. More participation of BPs who can contribute positively to the development of aelf ecology will have a plentiful chemical reaction with the collision of different elemental sparks,” said the CEO.
Through the continuous spread and the contribution of more reputable BPs, an explosively thriving ecology is moving towards aelf. For more information, please get in touch with aelf team:
Email: [email protected]
Disclaimer: This is a paid post and should not be treated as news/advice.