Bahamut is an EVM-based blockchain, which means that it is built on the same technical framework as Ethereum. This allows developers to build and deploy decentralized applications (dApps) on Bahamut using the same programming languages and tools as they would on Ethereum. In addition, Bahamut uses PoSA as its consensus mechanism.
By using EVM and PoSA, Bahamut aims to provide a fast, scalable, and secure blockchain network that can support a range of decentralized applications and use cases.
On Bahamut, all validators that stake FTN without having activity, are equal and can look to earn the same amount of rewards. Validators may earn an annual yield on the FTN that they stake as a reward for helping secure the network. The block validation rewards are given in accordance with the total amount of gas used and the total number of validators over a given time period. For example, when few FTNs are staked and the network load is moderate, the protocol rewards will be more significant as an incentive for more validators to come online. As the number of validators increases the rewards are reduced.
