Avalanche is strengthening its partnership with Beam Network by minting $500,000 worth of Beam node tokens and committing to operate validator nodes.
This news follows Avalanche’s recent Etna upgrade, which introduced permissionless verification into its ecosystem. This upgrade enables subnetworks such as Beam to gain greater autonomy and scalability.
Looking forward, Beam Network’s Horizon upgrade, expected to take place in early 2025, will further decentralize the network by transitioning to a permissionless proof-of-stake system, allowing a wider range of participants to contribute to the network. Contribute to safety and operations.
Source: BeamSupport decentralization using Beam node tokens
A key aspect of Avalanche’s contribution is the minting of Beam node tokens, launching in December 2024. Validator nodes are critical to maintaining a secure and efficient blockchain as they process transactions and maintain the integrity of the network.
To run a validator node on the Beam network, participants must stake ERC-721 node tokens and Beam’s native $BEAM token. This staking model encourages wider participation while maintaining network stability. Validator rewards come from transaction fees, protocol incentives, and grants, providing additional incentives for contributors.
Avalanche’s decision to run its own validator nodes after the Horizon upgrade is complete will further enhance the network’s resiliency. By increasing the number of active validators, the partnership aims to decentralize control and strengthen the Beam Network’s infrastructure.
Source: BeamGreater flexibility in Beam networks
Avalanche’s Mount Etna upgrade, which was approved earlier this year, provides the basis for these developments. Etna introduces permissionless verification, enabling subnets to evolve into independent layer-1 blockchains with customizable consensus mechanisms and governance structures.
The Horizon upgrade builds on these advances, transforming Beam Network into a permissionless proof-of-stake system. This upgrade aims to improve scalability, decentralization, and network resiliency, making it easier for validators and developers to use.
Avalanche’s support for these upgrades highlights a shared commitment to advancing blockchain technology in gaming. Together, these two networks lay the foundation for a decentralized and scalable infrastructure that meets the unique needs of the gaming industry.
