Excuse my ignorance, can someone expain me the concept of delegates in DACs? I just read the whitepaper for Follow My Vote and it appears they use delegates as gatekeepers. Delegates have to approve transactions.
Is this term "delegates" referring to delegates in relation with "delegated proof of stake" which is the general process of verifying transactions on the blockchain or are delegates in the language of FMV something different?
Further down the paper, it states the delegate's powers are limited. I hope so, what powers at all does a delegate have in this context?
Thanks for clarification.