Author Topic: Questions about BitShares X wallet  (Read 1360 times)

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Offline xeroc

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Could anyone explain the Delegates portion of the BTSX wallet? I understand
delegates are like seed nodes or something. But I don't understand what they
do, how they are chosen and anything else about them. So my questions are:

1. What is the exact function of a Delegate? Does a Delegate receive any compensation?
They are the once that effectively create blocks and thus secure the network. They also get the fees collected by transactions.

2. How are Delegates chosen and why that certain account?
They are voted by the suers of the network/blockchain. Whenever you make a
transaction you vote for your favorit delegtes with the stake (amount) you are
transfering.

3. What is this Toggle Approval button on my wallet do for delegates?
You approve a delegate (upvote/like) .. its like voting.
The 101 delegates with the most upvotes(including stake) are allowed to produce blocks and collect the fees.

4. Why is my wallet showing that less than 60% of delegates are participating?
If this causes network forks, then should we be choosing other delegates?
Because you are not fully synced ... theses days we constantly are about 95% or so

You can check out the delegates and there 'missed blocks' rate on the wallet.


btw: welcome on board .. enjoy the ride :)

Offline dankeykang

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Could anyone explain the Delegates portion of the BTSX wallet? I understand delegates are like seed nodes or something. But I don't understand what they do, how they are chosen and anything else about them. So my questions are:

1. What is the exact function of a Delegate? Does a Delegate receive any compensation?

2. How are Delegates chosen and why that certain account?

3. What is this Toggle Approval button on my wallet do for delegates?

4. Why is my wallet showing that less than 60% of delegates are participating? If this causes network forks, then should we be choosing other delegates?
Bitshares X account:  mwpeace

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