FIRST EMIRATI BLOCKCHAIN
Bahamut is a smart contract-enabled, open source DLT platform for all things Web3 and serves as the new-generation platform of the Fastex ecosystem.
The Bahamut Mainnet of our blockchain is already live with its execution layer Caravan and consensus layer Bedouin, ready to provide stability of the network and maximise your blockchain app potential.
We encompass the best of local traditions in all the components of our network and take inspiration from the head-turning diversity, richness and powerful mythology of the ancient Arabian culture.
EXCEPTIONAL BENEFITS OF BAHAMUT AND ITS POSA
POSA, which stands for (Proof-of-Stake and Activity), is a novel consensus mechanism that offers several exceptional benefits.
Decentralization & Security
Improved Network Activity
Sustainability and Innovation
Better User Experience
Increased Incentive for Developers
Alternate Revenue Stream for Every Business
The completely new consensus mechanism PoSA of Bahamut offers a special program for the network validators with ultimate benefits - Become a Validator.
Become a validator on Bahamut Mainnet, join the big community of 20480 validators, secure the network and get plenty of rewards. Here's everything you need to know about becoming a validator on Bahamut Mainnet.
Please note that only the execution layer Caravan of the Bahamut Mainnet is currently live. Validator rewards will become available after the consensus Layer Beduin goes live on Bahamut Mainnet. Right now, you can secure your spot as one of the first 4096 validators for Bahamut Mainnet and start earning rewards in the near future.
Minimum & Maximum
The minimum number of validators on Bahamut Mainnet is 4096, and the cap is set at 20480. This means that there can be up to 20480 validators on the network at any given time.
To become a validator on Bahamut Mainnet, you will need to stake a minimum of 8196 FTN. This stake amount helps to ensure that validators have a vested interest in maintaining the network and securing it against attacks.
Expected Return on Staking
The average expected return on staking FTN on Bahamut Mainnet is 7% annually for stakers who do not have any activity. However, if you link a smart contract to your validator and generate activity, your returns can increase significantly.
STAKE WITH FTN
FTN serves as the native coin of our Bahamut and powers all network and cross-chain operations (Ethereum and Fastex) as well as enables block reward mechanisms. Stake your FTN to help maintain the network and get your fair share of participation.
Hardware/Cloud server Requirements
OS: 64-BIT Linux
4+ cores @
SSD with at least 200GB free space (1TB recommended)
EXPLORE PRODUCTS OF FASTEX
Crypto payment system enabling merchants to accept the most popular cryptocurrencies in their e-commerce stores. Visit wbsite
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JOIN THE COMMUNITY
Bahamut is an open and accessible platform that welcomes builders and community members from all over the world. Follow us for the latest news and announcements!