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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.

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.

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 essentially becoming a ‘delegate’ in ICON, and delegates are chosen (or removed) through voting in the Representation channels.

Now for the sake of this discussion, only Charlie and Roger are in the Representation Channel, and 2infiniti wants to become a delegate.

A delegate is simply a node (user) tasked to verify transactions on the network.

As a reward, delegates will receive x amount of tokens along w transaction fees within their block.

This is however a lot more complex in ICON with many more components as a super chain.

In order to clarify this, lets try a real life example Litecoin as a community joins ICON interchain, Charlie Lee is the C-Rep for Litecoin.

This has been raised in our telegram group quite often recently, people are interested to find out if keeping ICX within the network will be inflationary or deflationary (ie, will there be enough incentives to keep up with potential 20% additional annual issuance).

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