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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).These are topics worth exploring but is beyond the scope of this discussion, so I’ll only briefly mention here.Again in the case of Dash, creation of masternodes require locking 1000 DASH in a local wallet, so users can setup to host a masternode, yields are dependent on a few factors, primarily masternode count.

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.

A common scenario in DPOS systems, delegates create proposals for why you should vote for them, example Ark Delegates, where most delegate candidates propose profit sharing structure in order to gain votes.

While a delegate serves similar functions to a masternode, the key difference here is that becoming a delegate takes a very different approach.

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.

The idea of delegates in a DPOS system is that they will forge or mint new blocks w their verifying rights on transactions, then rewarded for the effort.

In traditional POW system, blocks are mined and miners are rewarded for their hash-power (and luck! Some fundamental flaws under DPOS include potential centralization where minority dictate the fate of majority, and ‘nothing at stake problem’ where delegates cannot be financially penalized besides losing their role.This is another common misconception that you’re being paid to lock a certain amount of tokens, but in fact you’re paid to provide services to the network.Tokens aren’t exactly staked because you can never lose any during your service, unless of course you decide to attack your own network but then it is going against your own interest and will require insane amount of money (80% MNs), so in a sense this is proof of commitment.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.

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