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@JupiterExchange,
Please get this awesome community project @Gboysoltakeover verified on JUP Strict List (PR #1798)!
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Let's break down everything you need to know about Portal Nodes and transaction fees in the Portal Network in simple terms. 👇
What are Portal Nodes?
Think of Portal Nodes like superheroes in the Portal Network. They play an important role in making sure everything runs smoothly.
What do Portal Nodes do?
They verify and ensure that when you're moving assets or tokens between different chains, the transaction happens safely and accurately.
How do Portal Nodes work?
They team up and use fancy tech like Portal Web3 Engine and LayerZero Oracle/Relayers. These are tools they use to do their job.
What's in it for Portal Nodes?
For doing their superhero job, Portal Nodes get rewards and fees from the treasury which they can claim every 24 hours.
Where do Portal Nodes hang out?
Portal Nodes can chill either in the cloud or locally on a computer but requires a Node license.
In a nutshell...
Portal Nodes are like the safety net of the Portal Network, making sure everything is secure when gamers and game devs are moving stuff around. And in return, they receive cool rewards!
The image illustrates that gamers and game devs pay $PORTAL transaction fees when interacting with the Portal network, a portion of which gets burned, and the remaining part goes to the treasury.
These transactions are validated by the Portal nodes and the native fees of the Portal network.
All the information in this post originates from the whitepaper and the official website, and there are no speculations involved. @Portalcoin
Data is the new oil - Portal Nodes are the gatekeepers.
Nodes collect on and off-chain data from games, decentralizing ownership & access back to you.
Learn more about becoming a node operator: https://t.co/fNmrbcB0uy 🧵1/2
We’re building Portal to be the biggest onchain gaming ecosystem, via:
⛓️ Infrastructure: cross-chain user accounts that make the blockchain invisible. As easy as Web2.
🌎 Publishing: we drive massive distribution to games on Portal. Taking Web3 mainstream.
Dive deeper:🧵 1/8
Introducing Portal Nodes: GRID
Nodes supercharged. A decentralised cross-chain data network. And your way to power the future of gaming.
Available in $PORTAL. Learn more at https://t.co/fNmrbcB0uy 👀
A United Web3 Wins
MON Protocol 🤝 Revolving Games
Revolving Games is building the future of IP, gaming, collectibles & infrastructure starting with the franchise-worthy IP @SkyborneLegacy .
More about Revolving Games and Skyborne Legacy here: @Revolving_Games@SkyborneLegacy