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14-Feb-2017 23:51

Solutions such as Futarchy governance model to penalize voters for their elected delegates’ misbehavior, or forcing delegates to stake (but then this becomes POS all over again).

I will try to keep this article as ELI5 as possible, feel free to open up a discussion at the channel for detailed explanation.Charlie and Roger, as C-reps of their respective community, are now essentially two nodes within the Nexus in a Representation Channel.Operational policies are then proposed and selected by voting within the channel (this will be similar to electoral college, allocation of number of votes are in proportion to community size and transaction scale, this reinforces the status of relatively small communities).For instance, in the case of Dash, masternodes gain rights to perform tier-2 functions like Instant Send, Private Send, run Dash’s treasury system, governance voting etc.



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Today I’m going to explain in detail what DPOS is and how it fits into the puzzle of ICON’s incentive system. I will try to keep this article as ELI5.… continue reading »


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