BitShares Forum

Main => Technical Support => Topic started by: omgurindanger on March 30, 2015, 02:44:43 am

Title: how delegation/voting works?
Post by: omgurindanger on March 30, 2015, 02:44:43 am

from http://wiki.bitshares.org/index.php/DPOS/ApprovalVoting
everytime, we make a transaction, we can vote for delegates

1) the delegates that we can vote, is among the 101 delegates that has been chosen?

2) how the 101 delegates being chosen?

3) the 101 delegates chosen, will be in charge for 101 blocks? then the new 101 will be chosen for the next 101 blocks? how are these 101 being chosen?

4) anyone can setup to become a delegate node?  you need to store BTS locally in the delagate node?
http://wiki.bitshares.org/index.php/Delegate/How-To
it seems that there is no minimum BTS required to setup and run delegate node?

thanks

Title: Re: how delegation/voting works?
Post by: svk on March 30, 2015, 01:45:58 pm

1) You can vote for any delegate you like, up to 110 of them
2) The 101 delegates that produce blocks are the ones with the most votes
3) They are in charge until they are voted out of the 101. For each round of 101 blocks the order of the delegate block production slots is randomized.
4) Anyone can setup a delegate node, you only need to pay a registration fee equal to 2 weeks of pay at your desired pay rate. It's about 59k BTS I think at 100% payrate.

Title: Re: how delegation/voting works?
Post by: wartablog on April 13, 2015, 07:38:18 am

yes, I also do not understand that these features point to what?