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Posted by / 08-Jan-2020 09:06

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 as possible, feel free to open up a discussion at the channel for detailed explanation.

Many of the existing projects are able to calculate precise ROI, not as an estimation, but derived from historical data.

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.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.Masternodes essentially offer the opportunity of both yield and the potential for capital gains.In Nexus, there’s also a channel called Public Channel, as the name suggests, anyone can participate in the Public Channel.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.

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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.

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