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Now for the sake of this discussion, only Charlie and Roger are in the Representation Channel, and 2infiniti wants to become a delegate.
Since Charlie and Roger are never in agreement, but w more votes in Roger’s hands, my application is vetoed and I then stay a regular citizen node in this Fast Cryptocurrency Payment DAPP.
You can participate by running light clients that only register and confirm transactions (but still economically incentivized) , or you could run full nodes which can actually validate transactions.
As a reward, delegates will receive x amount of tokens along w transaction fees within their block.
The idea of delegates in a DPOS system is that they will forge or mint new blocks w their verifying rights on transactions, then rewarded for the effort.
Masternodes essentially offer the opportunity of both yield and the potential for capital gains.
Again in the case of Dash, creation of masternodes require locking 1000 DASH in a local wallet, so users can setup to host a masternode, yields are dependent on a few factors, primarily masternode count.
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Becoming a delegate is quite different from running a masternode, where you can simply stake and lock a certain amount of tokens to secure one.
Becoming a delegate is more like running a project where you’ll need to write proposals, you’ll need coding and scripting skills, you’ll need to provide certain level of security, you’ll need to market and gain users (votes) etc.
In order to clarify this, lets try a real life example Litecoin as a community joins ICON interchain, Charlie Lee is the C-Rep for Litecoin.
Roger Ver on the other end, brings Bitcoin Cash to ICON, a C-Rep of BCH.
Tokens aren’t exactly staked because you can never lose any during your service, unless of course you decide to attack your own network but then it is going against your own interest and will require insane amount of money (80% MNs), so in a sense this is proof of commitment.Tags: Adult Dating, affair dating, sex dating